Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear. In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer consumer demand and new
It seems as if there is no stopping the ongoing rally in precious metals prices. Gold and silver hit fresh record highs on Friday as bets on an interest rate cut by the US Federal Reserve increased amid geopolitical uncertainties. Lower interest rates increase the appeal of precious metals as they are non-yielding assets, unlike
The precious metals market is witnessing records tumbling every trading week. Gold on COMEX rose to a record high of $4,969.69 per ounce earlier on Friday, nearing the coveted $5,000-per-ounce mark. Meanwhile, silver continued to outperform gold in dramatic fashion and came within a whisker of hitting $100 an ounce. Meanwhile, oil prices rebounded sharply
Tonight’s digest captures markets and geopolitics colliding in real time. In Abu Dhabi, Zelenskyy’s trilateral talks with Russia and the US deliver optics, not breakthroughs, as territorial red lines harden into a durable stalemate. In corporate America, Amazon’s sweeping job cuts underscore that Big Tech’s efficiency drive is structural, not cyclical. Meanwhile, investors are stampeding
Gold climbed to a fresh all-time high on Monday, crossing the $5,000-an-ounce mark and extending a powerful rally driven by heightened geopolitical tensions and growing concerns over global fiscal stability. The move underscores gold’s enduring role as a safe-haven asset during periods of uncertainty, as investors continue to seek protection against a volatile macroeconomic and
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The Walt Disney Company remains on track to appoint a new chief executive early this year, as the entertainment giant moves closer to resolving a long-running succession process and faces renewed pressure to revive its underperforming stock. In a letter to shareholders released late Thursday, board chairman James Gorman said Disney expects “to announce the
After days dominated by geopolitical tensions tied to US President Donald Trump’s Greenland ambitions and renewed tariff threats toward European allies, global markets are heading into a pivotal week shaped less by diplomacy and more by data, earnings and central bank signals. A heavy slate of corporate results and a closely watched Federal Reserve interest
Gold is knocking on the $5,000-per-ounce door after a historic 66% rally in 2025, driven by geopolitical shocks, a weakening dollar, and relentless central bank buying of the precious metal. The impressive rally has investors reconsidering a critical decision: should they own bullion directly or buy exposure through exchange-traded funds? The answer depends entirely on
US President Donald Trump threatened to impose sweeping tariffs on Canada after Ottawa moved to reset trade ties with China, reigniting fears of a renewed North American trade war just months after tensions appeared to cool. In a post on Truth Social on Saturday, Trump said Canada would face a 100% tariff on all goods