Tesla’s stock surged over 6% in early trading on Friday, propelling the electric vehicle company to a milestone market capitalization of over $1 trillion for the first time. The company’s shares have jumped by about 27% this week, following President-elect Donald Trump’s victory in the US presidential election. Investor optimism…
Shares of Trump Media soared on Friday after President-elect Donald Trump reiterated that he has no intention of selling his stake in the company behind Truth Social. He also called for an investigation into those spreading contrary rumors. Trump’s statement, shared on Truth Social, marked his first personal message since…
Brazil’s stock market, represented by the Ibovespa index, faced a challenging week, with the index falling by 1.3% on Friday, dipping below the critical 128,000-point mark. This decline marks the third consecutive day of losses for the index, and the São Paulo exchange is set to close the week with…
US equity benchmarks rose slightly on Friday as investors assessed the Federal Reserve’s interest rate cut on Thursday. The US Fed cut interest rates by 25 basis points on Thursday, and Chair Jerome Powell hinted at further easing of monetary policies in the coming months. At the time of writing,…
Live Nation (LYV) stock price continued its strong rally, reaching a record high of $127.50 as traders eyed its upcoming earnings. It jumped to a high of $127.50, up by 100% from its lowest level last year, giving it a market cap of almost $30 billion. Live Nation is a…
China has taken another step forward in advancing its central bank digital currency, or e-CNY, with the launch of a physical payment card for the digital yuan. Unveiled at the 18th Shenzhen International Financial Expo, the digital yuan card mirrors conventional debit or credit cards in design but with unique…
Donald Trump, once again elected as President of the United States, is yet to officially assume office. However, his well-publicized promise to enforce new tariffs on Chinese goods has already sent ripples through the global business community. Having triggered a substantial production shift away from China during his first tenure…
China announced a sweeping $1.4 trillion package on Friday aimed at addressing the pressing issue of local government debt, with further economic measures expected next year. Minister of Finance Lan Fo’an revealed that the government plans to use available deficit space to support these efforts, a strategy he previously described…
US stocks remain resilient following the Federal Reserve’s decision to lower its key interest rate by another 25 basis points on Thursday. According to the post-meeting statement: The Committee judges that the risks of achieving its employment and inflation goals are roughly in balance. Lower interest rates are generally considered…
Brazil’s stock market, represented by the Ibovespa index, faced a challenging week, with the index falling by 1.3% on Friday, dipping below the critical 128,000-point mark. This decline marks the third consecutive day of losses for the index, and the São Paulo exchange is set to close the week with…