Browsing: financial markets

NEW YORK: Gold traded back above the $5,000 an ounce level this week, with spot prices around $5,078 as a softer U.S.…

MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first…

CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate…

WASHINGTON, Dec 25: The yield on the 10-year U.S. Treasury note held steady on Tuesday as investors assessed the latest economic data and…

Meta shares surged after unveiling plans to double AI investment to $72B in 2025, aiming to expand infrastructure and dominate next-gen computing.

Gold soars past $2,950, reaching record highs as investors seek safety amid trade tensions, falling yields, and central bank demand, pushing markets toward defensive strategies.

UK inflation surged to 3% in January, surpassing forecasts, with rising transport and food costs fueling the increase, according to the Office for National Statistics.

HSBC will announce $1.5 billion in cost savings and 40 job cuts in Hong Kong as it restructures, with further layoffs expected as part of a shift towards Asian markets.

European markets surged as defense and banking stocks drove the STOXX 600 to a record high, fueled by military spending growth and easing trade tensions.

Treasury yields declined despite inflation data exceeding forecasts. Investors focused on upcoming Fed signals as markets awaited the PCE index to gauge inflation trends and policy shifts.