Top corporate leaders expressed relief after US President Donald Trump stepped back from imposing new tariffs on Europe, but warned that geopolitical uncertainty and regionalization remain central concerns for global business. Speaking to CNBC on the sidelines of the World Economic Forum in Davos, executives said the easing of immediate trade tensions had lifted markets,
This time last week, the S&P 500 hit yet another all-time high, coming within a couple of points of 7,000. Over the previous two months, the index had made a series of higher lows and higher highs. Over the same period, the VIX index, a measure of S&P volatility, had declined steadily, falling back to
Adobe stock price continued its freefall this week, reaching its lowest level since November 22, turning one of the best-known software companies into a fallen angel. ADBE dropped to a low of $294, down by 53% from its highest point in 2024, with its market capitalization falling from the all-time high of $288 billion to
Gold prices slipped on Thursday on easing geopolitical tensions over Greenland, which dented safe-haven demand. Meanwhile, silver prices on COMEX were higher as the white-metal hovered around the $93.5 per ounce mark. Oil prices fell more than 1% as US President Donald Trump softened threats against Greenland and Iran, allaying fears of lower supply. Additionally,
Global equity markets bounced back sharply after US President Donald Trump softened his stance on tariffs and Greenland, in a déjà vu return of the “Trump Always Chickens Out”, or TACO trade. European markets led the advance, recovering a sizeable portion of losses triggered earlier in the week by fears of a renewed transatlantic trade
US President Donald Trump formally signed the founding charter for his new “Board of Peace” on Thursday in Davos. The initiative is designed to oversee Gaza’s reconstruction and ceasefire, but the signing ceremony exposed a stark divide between Trump’s coalition of supporters and skeptical Western allies. About 35 nations committed to join the board, a
Sandisk stock price continued its remarkable bull run this week, reaching a record high of $501. SNDK has jumped by over 100% this year, making it the best-performing company in the S&P 500 Index. Its surge is a continuation of a bull run that started in April last year, when it bottomed at $30. Other
Japan has restarted a nuclear reactor at the world’s largest atomic power plant for the first time since the 2011 Fukushima disaster, marking a significant milestone in the country’s long and cautious return to nuclear energy. Tokyo Electric Power Co. (Tepco) began restarting Unit No. 6 at the Kashiwazaki-Kariwa nuclear power plant in Niigata prefecture
Chocolate and cocoa giant Barry Callebaut announced Wednesday that it has named former Unilever CEO Hein Schumacher as its new chief executive officer, even as the company reported weaker-than-expected first-quarter results showing a decline in the sales volume of its cocoa products. The chocolate maker announced that its CEO, Peter Feld, will be stepping down
If tensions continue to escalate and the dollar remains weak, gold prices could soon hit the coveted $5,000 per ounce level, according to experts. On Wednesday, gold prices on COMEX hit a new record high of $4,890.35 per ounce, breaching the $4,800 mark for the first time ever. Safe-haven demand, fueled by increasing tension between