Progress around key crypto legislations in the US remains stuck in limbo, effectively capping price action as institutional capital remains on the sidelines. After a year of blistering gains that saw Bitcoin soar from under $70,000 to an all-time high of $126,000 in October, the flagship crypto has crashed to multi-month lows. Bitcoin’s rally last
Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth had stalled in December. The stalled growth suggested a weakening economy, which precedes the release of key jobs data. Precious metals like gold tend to be supported by lower US yields. This
India’s top jewellery maker, Titan Co., is reporting that customers are becoming cautious, with record-high gold prices dampening demand in the world’s second-largest bullion market. Sales growth is now primarily driven by price increases rather than volume, with customer growth remaining “muted,” according to Chief Financial Officer Ashok Kumar Sonthalia in an interview with Bloomberg
Gold prices rose more than 1% on Wednesday as a weaker dollar and falling bond yields boosted sentiment. Gold prices climbed back over $5,100 per ounce, while silver rose more than 4% as investors digested key employment data from the US. Meanwhile, oil prices also jumped more than 2%, with Brent hitting $70 per barrel
Gold and oil prices tumbled on Thursday in a volatile session as traders assess geopolitical tensions and positive economic data. Gold prices slipped more than 2% and silver plunged 7% as stronger US employment data prompts traders to push back expectations for an early Federal Reserve (Fed) interest rate cut. Oil prices plunged by nearly
The cryptocurrency market has turned green following a poor start to the week. Bitcoin and Ether are up 1% and 2% respectively over the last 24 hours. ADA, the native coin of the Cardano blockchain, is up 5% during that period, making it the second-best performer among the top 20 cryptocurrencies by market cap. ADA’s
Singapore is accelerating its artificial intelligence strategy with sweeping measures aimed at reshaping businesses, upgrading worker skills, and strengthening financial markets. Presenting the national Budget on Thursday, Prime Minister Lawrence Wong announced a national AI council, new tax incentives, workforce programmes, and expanded access to AI tools. The initiatives reflect a coordinated effort to embed
Restaurant Brands International delivered stronger-than-expected quarterly earnings and revenue as Burger King’s international business gained momentum and helped offset weaker performance in parts of its portfolio. The fast food group, which also owns Tim Hortons and Popeyes, reported solid global sales growth even as overall profit declined from a year earlier. International expansion, especially in
US stock index futures moved modestly higher on Thursday after a stronger-than-expected labor market report eased fears of an economic slowdown, though investors grew more cautious about the outlook for Federal Reserve interest-rate cuts. Markets are now focused on upcoming inflation data and corporate earnings for further direction. The January jobs report showed payroll growth
AppLovin stock price retreated by over 6% in the extended hours after the technology giant published its financial results and maintained a positive outlook despite the rising fears of AI disruption. APP dropped to $429 after ending the day at $455. AppLovin growth accelerated AppLovin, a top software in the advertising industry, has come under