The S&P 500 and the Nasdaq Composite rose on Monday as investors waited for the outcome of the US Federal Reserve’s two-day meeting later this week. At the time of writing, the S&P 500 index was 0.4% higher, and the Nasdaq Composite was up 0.8% from the previous close. The…
Gold prices were little changed on Tuesday as investors cautiously anticipated further cues from the policy meeting outcome of the US Federal Reserve. Prices have traded in a narrow range this week, with expectations of another interest rate cut by the US central bank. “Gold price holds the previous rebound…
Michael Saylor, Chairman of MicroStrategy and prominent Bitcoin advocate, has proposed a controversial strategy to tackle the United States’ soaring $36 trillion national debt. Speaking in a recent interview, Saylor positioned Bitcoin as a transformative asset that could provide long-term financial security for the nation, much like Manhattan’s historical economic…
European markets started Tuesday on a weak note, with the pan-European Stoxx 600 index slipping 0.4% as all sectors and major bourses opened in negative territory. A pivotal week for global monetary policy is underway, with the US Federal Reserve, Bank of England, and other central banks set to deliver…
South Korea remains investable for 2025 despite the ongoing political turmoil, as per a BNK Securities researcher. Kim Sung-no cited a recent Bloomberg survey in which 18% of the participants indicated no plans of adjusting their estimates for the country’s economic growth rate in 2025. A whopping 64% predicted no…
The Dominican Republic’s annual inflation rate rose slightly to 3.18% in November 2024, from 3.16% the previous month. This reflects a recovery from the country’s lowest inflation levels since April, reflecting a complex economic landscape characterized by varying inflationary pressures across sectors. The minor increase in the inflation rate is…
Ford Motor Co (NYSE: F) could find “mild relief” as President-elect Donald Trump eases emissions regulations next year, as per a Jefferies analyst. Philippe Houchois, nonetheless, expects 2025 to be another weak year for the legacy automaker due to the inventory overhang. The investment firm downgraded Ford stock today to…
Nitin Bhasin of Ambit says “banks” is currently the best sector to invest in India. The head of institutional equities expects Indian bank stocks to outperform next year as they offer solid earnings growth at reasonable valuations. He’s bullish on the sector as the Bank Nifty/Nifty ratio currently sits…
Shares of Red Cat Holdings surged over 25% on Monday after news broke of its partnership with Palantir to integrate advanced visual navigation software into its drones. The announcement ignited retail investor interest, with Red Cat (ticker: RCAT) becoming the sixth most discussed stock on Reddit’s WallStreetBets over the past…
Asia-Pacific markets displayed a mixed performance on Tuesday as investors took cues from Wall Street’s overnight results and awaited the US Federal Reserve’s decision scheduled for December 18. Regional market performance Australia’s S&P/ASX 200 led regional gains, rising 0.73% as strength in resource and financial stocks drove the index higher.…