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Gold and Silver Prices Soar Amid Global Uncertainty

Gold and Silver Prices Soar Amid Global Uncertainty

Economy news
3 weeks ago

Gold and silver have surged to new highs as demand for safe-haven assets grows, driven by geopolitical risks and economic concerns. Rising tensions in the Middle East, alongside the uncertainty surrounding the upcoming US election, have spurred inves...

Netflix Shares Surge Following Strong Q3 Earnings

Netflix Shares Surge Following Strong Q3 Earnings

Stocks news
3 weeks ago

Netflix experienced a significant increase in its stock price, rising nearly 7% after announcing third-quarter earnings that surpassed expectations. The streaming giant reported earnings per share of $5.40, exceeding the consensus estimate of $5.12....

Bitcoin's Surge Sparks Crypto Market Gains

Bitcoin's Surge Sparks Crypto Market Gains

Bitcoin surged to nearly $68,400 on Wednesday, marking its highest level since July. This rally has extended beyond bitcoin, boosting other cryptocurrencies and crypto-related equities. Bitcoin's price has climbed over 9% in the past week, while ethe...

Chipmaker ASML Shares Plummet on Low Sales Forecast

Chipmaker ASML Shares Plummet on Low Sales Forecast

Stocks news
3 weeks ago

Dutch semiconductor equipment giant ASML saw its shares plummet by 16%, wiping out approximately $52.99 billion in market value. The sharp decline followed the early release of its third-quarter results, which included a lower-than-expected sales out...

Struggling Ericsson Stock Surges on Better Q3 Earnings

Struggling Ericsson Stock Surges on Better Q3 Earnings

Stocks news
3 weeks ago

Ericsson's shares rose by 7.6% on Tuesday following the release of its third-quarter earnings, which outperformed market expectations. Earlier in the day, the stock had climbed nearly 9% before settling at its current level. The Swedish telecom...

China to Ramp Up Spending to Revive Its Economy

China to Ramp Up Spending to Revive Its Economy

Economy news
3 weeks ago

China plans to significantly increase government debt issuance to stimulate economic growth, focusing on subsidies for low-income households, support for the property sector, and capital injections into state banks. The announcement reflects the...

Saudi Sovereign Wealth Fund Devotes $5 Billion to Green Bonds

Saudi Sovereign Wealth Fund Devotes $5 Billion to Green Bonds

Economy news
1 month ago

Saudi Arabia's Public Investment Fund (PIF) has allocated $5.2 billion from $8.5 billion raised through green bonds for projects as of June 2024, marking a significant increase from $1.3 billion the previous year. Green bonds are issued to finan...

Euro Declines to Two-Month Low Amid Shifting ECB Policies

Euro Declines to Two-Month Low Amid Shifting ECB Policies

FOREX news
1 month ago

The euro has fallen to a two-month low against the US dollar, largely driven by the release of the Federal Reserve's recent meeting minutes. The currency, which had seen strength earlier in the year, has now slipped by 2.3%, dropping from 1.12 to jus...

FTSE Russell Index to Add South Korean and Indian Bonds

FTSE Russell Index to Add South Korean and Indian Bonds

Stocks news
1 month ago

In a significant move set to attract billions in foreign investment, South Korean and Indian government bonds will be added to FTSE Russell's global indices by 2025. South Korean government bonds will be included in the FTSE World Government Bond Ind...

SEC Warns of Uptick in Crypto Relationship Scams

SEC Warns of Uptick in Crypto Relationship Scams

According to the Securities and Exchange Commission (SEC), so-called crypto relationship scams are emerging as a growing threat, with fraudsters using social media and networking platforms to exploit unsuspecting investors. These scams typically...

Can Xi Revive China’s Economy?

Can Xi Revive China’s Economy?

Economy news
1 month ago

As China celebrated its Golden Week and the 75th anniversary of the People’s Republic, the government unveiled significant economic measures. These aimed to address the troubled property market, boost the stock market, and provide support for the poo...

U.S. Job Growth Surges as Payrolls Exceed Expectations

U.S. Job Growth Surges as Payrolls Exceed Expectations

Economy news
1 month ago

In September, U.S. job creation surpassed expectations, with nonfarm payrolls increasing by 254,000, up from a revised 159,000 in August, and significantly higher than the 150,000 forecast by Dow Jones. This robust job growth pushed the unemployment...

Tesla’s Sales Rise in Q3 but Face Competitor Pressure

Tesla’s Sales Rise in Q3 but Face Competitor Pressure

Stocks news
1 month ago

Tesla posted its first sales increase in the third quarter, delivering nearly 463,000 vehicles worldwide, representing a 6% rise year-over-year and a 4% increase from the second quarter. However, despite this boost, Tesla’s total deliveries for 2024,...

Muted iPhone 16 Sales Signal Slow Start for Apple

Muted iPhone 16 Sales Signal Slow Start for Apple

Stocks news
1 month ago

Apple’s expectations for the iPhone 16 to revive its sluggish sales have faced early challenges, with pre-sale data showing a lukewarm consumer response. Estimates suggest Apple sold around 37 to 40 million units during the first week of pre-sales, a...

Inflation Drop in France and Spain Spurs Hopes for More ECB Cuts

Inflation Drop in France and Spain Spurs Hopes for More ECB Cuts

Economy news
1 month ago

Inflation in France and Spain dropped below 2% in September, the lowest in three years, raising expectations for additional rate cuts by the European Central Bank (ECB). In France, the EU-harmonised inflation rate fell to 1.5%, down from 2.2% in Augu...

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