The Biden administration is currently fast-tracking $9 billion in military aid to Ukraine. The outgoing president aims to shore up Kyiv’s defences before a leadership change that could drastically shift US support. With President-elect Donald Trump and a Republican-majority Congress set to take office in January, there are growing concerns…
Following the election victory of Donald J Trump on Wednesday, while stocks rallied as investors showed optimism for Trump’s policies favouring tax cuts, deregulation, and government spending, bond market movements emerged to be conspicuous for investors. The 10-year Treasury yield, a key benchmark for global finance, increased by almost a…
Oil prices fell more than 1% on Friday as concerns over supply disruptions in the US subsided with Hurricane Rafael weakening. Meanwhile, the market continued to assess the fallout of the US presidential election. At the time of writing, the price of West Texas Intermediate crude oil was $71.09 per…
Gold prices are headed for a weekly loss as the yellow metal was battered by a rising dollar after Donald Trump’s victory in the 2024 US presidential elections. Gold prices on COMEX are set to lose more than 2% since last week’s close as prices trade below the $2,700 per…
Moderna reported a surprising third-quarter profit on Thursday, driven by cost reductions and stronger-than-expected sales of its COVID-19 vaccine, despite lower-than-anticipated revenue from its new respiratory syncytial virus (RSV) vaccine. Shares of the Cambridge, Massachusetts-based company jumped 11% in premarket trading. For the quarter, Moderna posted a profit of $13…
The year 2024 is “virtually certain” to become the world’s warmest since records began, the European Union’s Copernicus Climate Change Service (C3S), said on Thursday. The report was released ahead of next week’s COP29 climate summit in Azerbaijan. Several countries are expected to try and agree on huge increases in…
Mexico’s inflation rate surged to 4.76% in October 2024, a significant rise from the previous month’s 4.58%, marking a reversal from two consecutive months of easing inflation. The uptick, which exceeded market expectations of a 4.72% increase, highlights growing price pressures in several key sectors, including food, accommodation, and hospitality.…
Solar stocks are responding negatively to Donald Trump beating Kamala Harris to become the 47th President of the United States. That’s because the new government is expected to rescind at least some parts of Biden’s Inflation Reduction Act, which many believed could prove to be a long-term tailwind for solar…
As Donald Trump is set to become the 47th President of the US, expectations are high for a regulatory shift that could benefit bank stocks. Analysts anticipate that Trump’s administration will favor less regulation, which could serve as a “game changer” for financial institutions. This backdrop is expected to fuel…
President-elect Donald Trump has secured victory in the 2024 election, overcoming Vice President Kamala Harris in a closely watched race. The former president, who previously held office from 2017 to 2021, reclaimed the presidency after winning several key battleground states. Trump’s return to the White House will officially commence with…