The Hang Seng Index continued its strong rally last week and was hovering near its highest swing since November 2021. It has jumped to a high of $25,330 on Friday, up sharply from a low of $14,627, its lowest swing in 2022. The Hang Seng Index will react to new calls…
PDD stock price jumped above a key resistance level as investors waited for its results on Monday. It jumped to a high of $127, its highest level since March 24, and 45% above its lowest point in 2024. This article provides a forecast for the stock before earnings.PDD Holdings to…
Statistics Canada released July’s consumer price index (CPI) data on Tuesday (August 19). The figures show that inflation decelerated in the month, posting a 1.7 percent year-on-year gain, down from the 1.9 percent recorded in June. The most significant contributor to the fall was a 16.1 percent decline in gasoline…
A broad selloff in heavyweight tech stocks at the start of the week abruptly reversed after US Federal Reserve Chair Jerome Powell delivered a speech that bolstered expectations of a September interest rate cut. Speaking at the Jackson Hole Economic Policy Symposium, Powell took a more dovish tone than investors…
ROCHESTER, Minnesota, Aug 22 (Reuters) – U.S. farmers will harvest a record corn crop in 2025 after ideal weather across much of the Midwest this summer, but the bounty will fall short of the U.S. government’s lofty outlook as pockets of plant disease and heat stress dented yields in spots…
Cenovus Energy said on Friday it will acquire MEG Energy in a cash-and-stock deal worth C$7.9 billion ($5.68 billion), including debt, creating one of Canada’s largest oil sands producers.The transaction will bring together MEG’s Christina Lake oil sands operations in Alberta with Cenovus’ adjacent assets, boosting combined output to more…
Argentine president Milei’s administration suffered a major legislative blow after the Senate rejected a dozen presidential decrees at once and passed spending increases for public universities, highlighting the difficulties that Milei’s austerity government will face.Since assuming office in December 2023 and vowing to drastically reduce state expenditures and rein in…
Workday (NASDAQ: WDAY) shares fell 6% on Friday’s session after the human resources and finance software company delivered fiscal second-quarter results that beat analyst expectations but issued third-quarter guidance largely in line with consensus. Investors were left underwhelmed as subscription revenue projections showed little upside, apart from a modest lift…
China Concord Resources Corp (CCRC) is developing two oilfields in Venezuela with investment plans exceeding $1 billion and ramping up crude production to 60,000 barrels per day (bpd) by the end of 2026, an executive directly involved said to Reuters. The investment is one of the few made by a…
Canada is set to remove a number of retaliatory tariffs on US goods, a move that comes after months of rising trade tension with Washington. As per a Bloomberg report, Prime Minister Mark Carney is expected to make the announcement after a cabinet meeting. The rollbacks cover many products under…