Economy

Economy
Economy

Commodity wrap: silver soars to new highs; gold dips as markets await Fed rate decision

Gold prices edged down ahead of the interest rate decision by the US Federal Reserve later on Wednesday. Meanwhile, silver prices extended its record-breaking rally above the $61 per ounce mark on robust industrial demand and declining inventories. Oil prices were largely steady as investors waited for the outcome of the US Fed’s two-day policy

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Economy

GE Vernova stock pops on dividend, buyback news — key risk remains

GE Vernova stock price has had a strong performance after its public market debut in March last year. It has jumped from around $100 to $625, bringing its market capitalization to over $170 billion. So, will the stock continue rising after the company boosted its dividend and guidance? GE Vernova boosted its guidance, dividends, and

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Economy

Argentina’s Milei targets sweeping economic overhaul as new congress opens special sessions

Argentina’s newly elected Congress opens special legislative sessions on Wednesday, a potentially decisive moment for President Javier Milei as he seeks to fast-track a range of reforms he says are needed to steer the country on a better economic path. This comes just after the midterm elections in October, where the ruling party, La Libertad Avanza,

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Economy

ClearToken launches FCA-regulated digital assets settlement service

ClearToken, a digital asset clearing house that recently achieved regulatory approval from the United Kingdom’s Financial Conduct Authority, has announced the launch of its digital asset settlement solution. The official debut of CT Settle, a platform ClearToken says will be a game-changer for the institutional digital asset trading ecosystem, comes a few weeks after the

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Economy

Morgan Stanley sees more fuel for European defense stocks rally

European defense stocks are climbing again as Germany moves closer to approving a substantial increase in defense expenditure, a shift that analysts say could pave the way for further gains across the sector. After several weeks of pressure driven by optimism around a potential ceasefire in Ukraine, the latest signals from Berlin and fresh analysis

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Economy

Zcash proposes a dynamic fee model to protect users from spikes

Zcash, the privacy-focused cryptocurrency, has unveiled a new proposal for a dynamic fee system designed to prevent soaring transaction costs from pricing users out of the network. The proposal, issued by research group Shielded Labs, addresses growing concerns over rising fees as Zcash experiences increased usage and network congestion. Zcash moving beyond fixed fees Since

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Economy

Tilray stock flirts with death cross amid Trump’s silence on cannabis reform

Tilray stock price has slumped in the past few weeks, moving from a high of $23.15 on October 9 to $7.20 today. This crash may accelerate in the coming weeks as a death cross pattern nears. Tilray stock price technical analysis  The daily timeframe chart shows that the Tilray Brands stock price has been in

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Economy

Costco stock forms a bullish pattern as traders bet on a split, special dividend

Costco stock price has come under pressure in the past few months, moving from a high of $1,073 in February to the current $887, a 17% drop.  It has dropped by 10.1% in the last 12months, underperforming the SPDR S&P Retail ETF (XRT), which has risen by 4%. Walmart stock has jumped by almost 24%

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Economy

China signals tougher access to Nvidia AI chips as Washington debates export rules

China is preparing to tighten access to Nvidia’s H200 chips even as the technology edges closer to returning to the local market. As per a Financial Times reports, officials in Beijing are reviewing how the processor should be used at a time when the country is pushing to reduce dependence on foreign suppliers and build

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Economy

Ares shares surge as firm wins S&P 500 spot: all you need to know about the stock

Ares Management stock was soaring ahead of the open on Tuesday, rising about 8% after the investment firm secured long-awaited entry into the S&P 500 index. The company will replace Kellanova, the snacking giant whose brands include Pringles, Cheez-It, and Pop-Tarts. Kellanova is set to be acquired by privately held Mars Inc., with the deal

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