The global market for raw sugar is currently experiencing a significant downturn, with prices plummeting to levels not seen in half a decade. Last week, the price of raw sugar touched a five-year low, reaching 14 US cents per pound, and has shown minimal recovery since that time. This decline is part…
A renewed wave of spending from Chinese consumers, coupled with steady demand in the US, is breathing life back into the global luxury sector.After a challenging year marked by economic uncertainty and shifting consumer habits, brands like Richemont, LVMH, and Ralph Lauren are emerging as standout beneficiaries of this rebound.Experts…
Google’s YouTube and Walt Disney have struck a deal to restore the media giant’s networks to YouTube TV, ending a two-week blackout that left millions of US viewers without access to key programming, including Election Day coverage and “Monday Night Football.”The companies said Disney’s full portfolio — including ABC, ESPN,…
Tim Cook’s tenure at Apple may be nearing its end, and attention inside the world’s most valuable company has turned to a key question: who will lead next?People familiar with internal discussions say Apple has ramped up its succession planning in recent months, preparing for Cook to potentially step down…
Reporting a decisive lead in more than 200 seats in the rural and agriculturally dominant state of Bihar, India’s ruling National Democratic Alliance (NDA) appeared firmly on course for victory in the crucial assembly elections. The early trends, signalling political continuity, set off a swift turnaround in the equity markets…
A renewed wave of spending from Chinese consumers, coupled with steady demand in the US, is breathing life back into the global luxury sector.After a challenging year marked by economic uncertainty and shifting consumer habits, brands like Richemont, LVMH, and Ralph Lauren are emerging as standout beneficiaries of this rebound.Experts…
Nvidia’s third-quarter earnings report on November 19 is set to be a critical market event, with investors and analysts intensely focused on the AI chip giant’s performance and prospects. CNBC’s Jim Cramer highlighted that Nvidia stock could “move the market” depending on whether the company beats expectations, raises guidance, and…
The market frenzy around Pop Mart International Group Ltd.’s wildly popular Labubu toys may be nearing its breaking point, according to a bearish analyst who likens the craze to the Beanie Babies bubble of the 1990s.The scarcity, the hunt, the dopamine hit and the secondary market fueling Labubu’s popularity resemble…
Gold prices slumped more than 3% on Friday as a December interest rate cut by the US Federal Reserve looks less likely. Silver prices on COMEX plunged over 5%, tracking losses in the yellow metal. Silver has gained sharply over the last few sessions, and had overshadowed gold’s rise.Oil prices on…
Robinhood Markets Inc (NASDAQ: HOOD) is slipping this morning amidst a broader sell-off in the crypto market that’s even pushed Bitcoin below the $95,000 level.However, this pullback will likely prove short-lived since HOOD has quietly built a new business that’s growing even faster than is early crypto boom – “prediction…