US President-elect Donald Trump’s fondness for tariffs may lead to American consumers bearing the brunt of high costs once again. Trump’s victory in the 2024 US presidential election has made it clear that the Republican is likely to increase tariffs on all imported goods to the country. Trump has already…
The US dollar index (DXY) wavered ahead of the important Federal Reserve minutes, consumer confidence, GDP, and personal consumption expenditure (PCE) data. It was trading at $107.25 on Tuesday morning, a few points below the year-to-date high of $108.08. Federal Reserve minutes ahead The DXY index will react to the…
The Hang Seng index retreated to its lowest level since September 26 as investors reacted to a new warning from Donald Trump on trade. The index, which tracks some of the top companies in China, retreated to $19,250, down by 17% from its highest level this year. Trump warns on…
The SPDR S&P 500 (SPY) has been in a strong uptrend this year, and the trend may continue if the Santa Claus rally happens. The fund, which has now become the second-biggest S&P 500 ETF after Vanguard, was trading at $597 on Monday. This article explains some of the top…
The Nasdaq 100 index jumped to a record high this year, helped by the ongoing artificial intelligence wave and the Federal Reserve interest rate cuts. It soared to a high of $21,185 this month, bringing the year-to-date gains to 22.50%. This article looks at the best and worst performers in…
The iShares Russell 2000 ETF (IWM) continued its strong rally, reaching a record high of $244.8 this week. It has jumped by over 51% from its lowest level in 2023 as the American economy avoided a hard landing. This article looks at some of the best and worst-performing Russell 2000…
Buy Now Pay Later (BNPL) stocks are doing well this year as it becomes one of the common ways for people to do their shopping. Affirm, one of the most popular BNPL companies, has risen by almost 50% this year, beating the S&P 500 index. Similarly, Block, formerly known as…
United Airlines (UAL) stock price is beating other global airlines like IAG, the parent company of British Airways, Delta, American, and Southwest. Its stock has jumped by 150% this year, while IAG has jumped by 71.35%, Southwest’s 16%, and Delta Air Line’s 61%. This surge has brought its market cap…
Estee Lauder stock price has been in a strong freefall, turning one of the most iconic companies in the United States into a fallen angel. It has plunged by almost 80% from its all-time high of $358 to the current $72.9, while its market cap has moved from $140 billion…
Gold price has been on a rebound since the beginning of the week amid heightened safe haven demand. On Tuesday, Russian President Vladimir Putin updated the country’s nuclear doctrine following a Ukraine attack on its territory using US-made ATACMS missiles. The SPDR Gold Trust (GLD) ETF was trading at $250…