Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices were under pressure as hopes of a peace deal between Russia and Ukraine dented sentiments. Meanwhile, gold prices were steady after spending most of the day in the red, following the release of the US
US employers added 64,000 jobs in November, data released Tuesday by the US Bureau of Labor Statistics revealed, exceeding economists’ expectations of a gain of 50,000. At the same time, the unemployment rate rose to 4.6%, up from 4.2% a year earlier. The increase in nonfarm payrolls by 64,000 in November followed a revised decline
The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped from $5 to $76. This article explores why the IREN share price has crashed and the
The global nickel market is facing a sustained period of oversupply, according to one of the world’s largest nickel producers. Norilsk Nickel, the largest nickel producer in Russia has again revised its estimate for the market surplus upwards, predicting a supply surplus of 200,000 tons for both this year and next. This new estimate for
As investors stare down the start of 2026, one thing is clear: the playbook that worked over the last decade won’t cut it in the next. Between stubborn inflation fears, a ballooning US national debt and relentless innovation in digital finance, the lines between Wall Street, Washington and Web3 are blurring fast. That’s exactly the
India has moved to loosen long-standing restrictions in its nuclear power sector as it looks to speed up capacity additions and close widening funding gaps. Legal amendments introduced in parliament on Monday would allow private companies to participate in a field that has remained under state control for decades. The proposed changes reflect pressure on
JPMorgan Chase has joined a growing group of traditional financial firms bringing blockchain technology to mainstream investment products, unveiling its first tokenized money-market fund on the Ethereum network. The move, reported by The Wall Street Journal, comes as Wall Street deepens its push into tokenization following new US legislation that clarified the regulatory framework for
Juventus Football Club shares rose sharply after Exor, the Agnelli family’s holding company, rejected an unsolicited takeover proposal from cryptocurrency issuer Tether, underscoring growing financial-sector interest in elite European football clubs. Shares in the Turin-based club climbed 13% in European morning trading on Monday, recovering some of their losses earlier in the year. Despite the
Japan’s biggest banks are accelerating their push into India, with Mitsubishi UFJ Financial Group Inc. moving closer to a minority investment in Shriram Finance Ltd, as per a Bloomberg exclusive. The potential transaction reflects rising foreign interest in India’s fast-growing credit market, particularly among lenders looking to tap demand beyond traditional corporate banking. As competition
As McKinsey & Co. marked its 100th anniversary with fanfare in Chicago, the consulting firm’s leadership struck a confident public tone about its future. Yet behind the scenes, executives have been delivering a more restrained message: the firm needs to become leaner after several years of flat growth. At the late-October gathering of partners in