The South African rand has retreated in the past two months, erasing some of the gains made a few months ago. The USD/ZAR exchange rate was trading at 18.05 on Wednesday, up by over 6% from its lowest point level this year. South Africa’s interest rate decision ahead The USD/ZAR…
The Hang Seng index has moved into a correction, falling by over 15% from its highest level this year as concerns about China and US trade issues remain. It retreated to H$19,645 on Wednesday, down from the year-to-date high of H$23,234. China Central Bank and trade relations The Hang Seng…
Boeing stock price has sold off recently and is hovering near its lowest level since October 2022 as concerns about its business and the incoming Trump administration remain. It has crashed by 44% this year, bringing its market cap to over $107 billion. It remains about 66% below its all-time…
GE Aviation (GE) and Rolls-Royce (RR) stocks have done well in the past few years, helped by a favorable business environment and turnaround strategies by their management. GE shares have jumped by 48% in the last twelve months, while Rolls-Royce has jumped by over 124% in the same period. Rolls-Royce…
Lemonade stock price has gone parabolic, soaring for four consecutive weeks and reaching its highest level since December 2021. It has jumped by almost 300% from its lowest level in 2023 as the company unveiled its strategy to grow from $1 billion to $10 billion in the coming years. This…
Wall Street’s main indexes rose on Monday as investors waited for major market-moving earnings results. Investors were waiting for the earnings results of AI-chip leader NVIDIA on Monday after last week’s sharp losses. When writing, the Nasdaq Composite was 0.9% higher, while the S&P 500 gained 0.6%. The Dow Jones…
The S&P 500 is on track to close its second consecutive year with over 20% gains, and this positive momentum is expected to continue into 2025. According to BMO strategist Brian Belski, the benchmark index could reach 6,700 by the end of next year, representing a potential 14% upside. However,…
Symbotic stock price staged a strong comeback on Monday after the warehouse technology company published strong financial results. SYM shares jumped by over 26%, reaching a high of $38.60, its highest level since July this year. It has soared by 124% from its lowest level this year, bringing its valuation…
Top Justice Department officials have decided to ask a judge to force Alphabet’s Google to divest its Chrome browser, in what is likely to mark a significant antitrust escalation, according to a report by Bloomberg. This move follows Judge Amit Mehta’s ruling that found Google had illegally monopolized the search…
Affirm stock price rose for four consecutive weeks as investors cheered the ongoing Federal Reserve interest rate cuts and its partnerships with top companies. AFRM jumped to a high of $62 on Monday, its highest level since February 2022. It has soared by over 570% from its lowest point in…