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
US stocks moved higher on Thursday as markets welcomed a cooldown in geopolitical tensions, sparking a broad rally across sectors. The Dow Jones Industrial Average rose 411 points, or 0.9%, while the S&P 500 gained 0.7%. The Nasdaq Composite led the way, climbing 1%. But beneath the early cheerfulness lies a fragile confidence as traders
Procter & Gamble reported mixed quarterly results on Thursday, as demand weakened across several everyday categories and consumers continued to stay cautious with household spending. The company beat Wall Street expectations on adjusted earnings per share, but revenue came in slightly below forecasts, reflecting slower momentum in parts of its portfolio. P&G also updated its
The number of Americans filing new claims for unemployment benefits rose slightly last week but remained well below expectations, reinforcing signs that the US labour market continues to expand at a steady, if subdued, pace. Initial claims for state unemployment benefits increased by 1,000 to a seasonally adjusted 200,000 in the week ended January 17,
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
The “Sell America” trade gained a lot of steam back in April 2025, following Trump’s “Liberation Day” tariffs. Global markets were rattled and recorded some of the worst trading days since the pandemic. 2026 began with a lot of geopolitical tension, with Donald Trump once again being at the center of it all. In particular,