According to a preliminary estimate from Mexico’s Instituto Nacional de Estadística y Geografía (INEGI), the country’s GDP increased by 1% from the previous quarter in the three months that ended September 2024, faster than the 0.2% increase in the previous period and beyond market estimates of 0.8%. It was the…
VinFast Auto Ltd (NASDAQ: VFS) is in focus today following a report that it has signed an agreement with a group of Emirati investors led by Emirates Driving Co. The news is significant for shares of the electric vehicles company as the deal entails it receiving a whopping $1.0 billion…
Asian markets experienced declines on Thursday as concerns over Federal Reserve rate cut prospects loomed, following positive US economic data. Asian stocks showed varied performances, with markets in Japan, Australia, and South Korea down, while mainland China and Hong Kong saw slight gains, supported by new manufacturing data from China.…
China’s manufacturing sector showed signs of recovery in October, with the Purchasing Managers’ Index (PMI) edging up to 50.1, marking the first expansion in six months. This uptick, combined with a slight rise in the non-manufacturing PMI to 50.2, suggests that Beijing’s recent stimulus measures are beginning to lift economic…
As the US stock market approaches its traditionally best-performing six-month period from November through April, investors are balancing hopes for continued growth against rising Treasury yields and looming presidential election uncertainties. Defying the “sell in May and go away” market adage, the S&P 500 has already experienced strong performance from…
For the first time in India’s history, silver sales have outpaced gold during the festive Dhanteras season. Soaring gold prices have dampened traditional buying enthusiasm, pushing consumers and investors alike to consider silver as a valuable alternative. With growing industrial demand, especially from the electric vehicle (EV) sector, silver’s strong…
The US dollar index (DXY) wavered on Thursday as traders waited for the important economic data from the United States and next week’s general election. It was trading at $104.17, a few points below the year-to-date high of $104.63. It remains about 4% above its lowest level this month. US…
The crypto market has had a fairly strong month in October, and November could be better as the fear and greed index rose to the greed area of 67. Bitcoin jumped from the September low of $49,220 to almost its all-time high of $73,800. There are rising odds that Bitcoin…
Dropbox (DBX) stock price has been boring since the company went public in 2018. It has remained largely unchanged even as its annual revenue has risen gradually to over $2.5 billion. Also, the company has continued to underperform Box, one of its top competitors that has risen by 25% this…
Box (NYSE: BOX) stock price pulled back slightly this week as investors refocused on its next earnings report scheduled on November 29. It also pulled back after Dropbox, a top competitor, announced a new wave of layoffs as its business slowed. Box shares were trading at $32, down from the…