US President Donald Trump on Wednesday warned that he may move to remove Federal Reserve Chair Jerome Powell from his position on the central bank’s Board of Governors if Powell does not step down after his term as Fed chief ends on May 15.The remarks signal an escalation in an…
Chinese stocks continued their uptrend on Wednesday after an encouraging GDP report by a top statistics agency. The Shanghai Composite Index jumped to CNY 4,637 its highest level since March 18, while the Hang Seng soared to HKD 26,185. The two have jumped by nearly 10% from the lowest level…
European companies are expected to report resilient first-quarter earnings despite escalating tensions in the Middle East, though investors caution that these results may conceal growing risks tied to higher energy prices, supply chain disruptions, and weakening economic growth.Market sentiment has been shaken by the intensifying conflict involving the United States,…
Czech defence group CSG has secured a nearly €300 million ($353.97 million) contract to supply artillery ammunition to a European customer, underscoring the sharp rise in global military demand.The latest agreement comes months after the company disclosed a separate deal in February to deliver large-calibre ammunition worth hundreds of millions…
There are more articles about dollar dominance right now than there are buyers of it. Everyone has a take. Most of them are either panicking or dismissing. Here’s what’s actually happening.The numbers don’t lie, but they don’t tell the whole story eitherThe DXY index sits at roughly 98 as of…
Chinese stocks continued their uptrend on Wednesday after an encouraging GDP report by a top statistics agency. The Shanghai Composite Index jumped to CNY 4,637 its highest level since March 18, while the Hang Seng soared to HKD 26,185. The two have jumped by nearly 10% from the lowest level…
Indian stocks are in a strong bull run, with the blue-chip Nifty 50 Index soaring by 10% from its lowest level this year. It jumped to INR 24,233, its highest level since March 11, boosted by the falling crude oil prices and the ongoing earnings season. Indian stocks surge as war…
Asian markets opened higher on Thursday as optimism over a possible US-Iran deal extended the risk-on mood from Wall Street, where the S&P 500 and Nasdaq closed at record highs.The shift from “set to rise” to actual gains matters because it confirms investors are acting on improving sentiment rather than…
Chinese energy storage systems maker Sigenergy Technology made a strong debut in Hong Kong after raising HK$4.4 billion, or about $562 million, in its initial public offering. The stock opened at HK$581, against a listing price of HK$324.20, marking a jump of roughly 79.2% and making it one of the…
Netflix Inc (NASDAQ: NFLX) remains in focus ahead of its Q1 earnings after the bell, as investors weigh whether the pioneer of binge-watching can maintain momentum in an increasingly crowded and cost-conscious digital landscape.For the first quarter, Wall Street is hunting for substantial growth, with consensus estimates pegged at $12.17…