Wall Street’s major averages rose on Friday at the start of a shortened trading day. At the time of writing, the Dow Jones Industrial Average was up 0.3%, while the S&P 500 index added 0.2%. The Nasdaq Composite index was up 0.1% from the previous close. David Morrison, senior market…
In a move that has sparked significant political and public debate, President Joe Biden issued a pardon for his son, Hunter Biden, on Sunday night. The decision marks a sharp reversal from Biden’s previous stance, where he vowed not to use his executive authority to intervene in his son’s legal…
China’s manufacturing sector recorded its strongest growth in five months in November, offering fresh signs of recovery in the world’s second-largest economy. The Caixin/S&P Global Manufacturing Purchasing Manager’s Index (PMI) hit 51.5, significantly surpassing forecasts of 50.5 in a Reuters poll. This marks the second consecutive month the index has…
France is on the verge of a political and financial crisis, with Prime Minister Michel Barnier’s minority government under threat of collapse. An impending vote of no-confidence and contentious budget negotiations have rattled markets, pushing France’s borrowing costs to levels comparable to crisis-hit Greece. This political distress, combined with France’s…
Oil prices rose on Monday as robust Chinese factory activity provided optimism for demand from the top importer. At the time of writing, the price of West Texas Intermediate crude oil on the New York Mercantile Exchange was at $68.62 per barrel, up 0.9%. Brent crude on the Intercontinental Exchange…
24X National Exchange will soon let you trade US stocks for 23 hours per weekday. The trading platform expects to go live in the back half of 2025. It is currently awaiting final approvals from the Securities & Exchange Commission. “Traders are most at-risk when the market is closed in…
In a move that has sparked significant political and public debate, President Joe Biden issued a pardon for his son, Hunter Biden, on Sunday night. The decision marks a sharp reversal from Biden’s previous stance, where he vowed not to use his executive authority to intervene in his son’s legal…
China’s manufacturing sector recorded its strongest growth in five months in November, offering fresh signs of recovery in the world’s second-largest economy. The Caixin/S&P Global Manufacturing Purchasing Manager’s Index (PMI) hit 51.5, significantly surpassing forecasts of 50.5 in a Reuters poll. This marks the second consecutive month the index has…
Asia-Pacific markets traded slightly higher on Monday, kicking off a data-packed week with investors closely watching economic indicators from China, Japan, South Korea, and other regional economies. Fresh manufacturing and retail figures, coupled with updates on trade and inflation, are expected to provide insights into the region’s economic recovery amid…
Gold price has had an impressive year so far; recording monthly gains in eight out of the past ten months. Since the beginning of the year, the precious metal has risen by close to 30%; hitting multiple record highs in recent months. Notably, its bullish outlook for the medium and…