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…
Inflation in the UK has re-entered the spotlight, sparking questions about what lies ahead for the economy. After a sharp decline to 1.7% in September 2024—below the Bank of England’s (BoE) 2% target for the first time since 2021—new fiscal policies and global risks are creating fresh challenges. Data from…
Precious metals are on the bounce once again with gold and silver gaining grounds amid a softening of the US dollar. Gold prices snapped a six-day losing streak on Monday as the dollar weakened from its last week’s highs. Safe-haven demand for bullion was also seen as a factor, supporting…
India’s Hindalco Industries Ltd. said on Monday that it expected China’s move to cancel tax rebates on exports of aluminium and copper would benefit the company, according to a Bloomberg report. Hindalco’s Managing Director Satish Pai said China’s move was expected to reduce cheap imports. This is expected to ease…
The US box office made a spectacular comeback in the third quarter with ticket sales hitting a number not seen since the start of the pandemic. But the world’s largest cinema chain, AMC Entertainment Holdings Inc (NYSE: AMC), may not be able to capitalize on that rebound – at least…
The golden age of luxury appears to be waning. For the first time since the 2009 Great Recession, the personal luxury goods market is experiencing a significant slowdown. According to Bain & Company’s annual luxury report, a staggering 50 million consumers have either abandoned luxury purchases or been priced out…
The Brazilian real strengthened to 5.76 per USD in November, fueled by hawkish expectations for the Brazilian central bank and anticipation of major fiscal spending cuts from the government. Brazil’s Finance Ministry updated its 2024 GDP growth forecast to 3.3%, slightly higher than the previous 3.2% estimate, with inflation expected…
All eyes are on Nvidia Corp (NASDAQ: NVDA) this week as it warms up to report its quarterly earnings on November 20th. The consensus is for this artificial intelligence behemoth to double its data center business in Q3. Nvidia is broadly expected to earn 74 cents a share on $33.2…
A seismic shift is underway in the social media landscape. Following the US presidential election, nearly a million users have abandoned Elon Musk’s X (formerly Twitter) for the burgeoning platform Bluesky. This exodus, dubbed the “X-odus” online, has seen a surge of journalists, actors, musicians, and other prominent figures flocking…
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,…