Despite the US economy showing resilience with strong GDP growth, manufacturing stocks have lagged behind broader market indices, but analysts believe the sector is poised for a turnaround in 2025. In 2024, the Industrial Select Sector SPDR ETF (XLI), which tracks the sector, delivered a return of 17%, falling short…
Wall Street saw a modest uptick on Tuesday as investors turned their focus to upcoming US inflation data following a better-than-expected producer price index (PPI) report. The Dow Jones Industrial Average climbed 225 points (0.5%), while the S&P 500 and Nasdaq Composite added 0.3% and 0.1%, respectively. Despite the overall…
In an unprecedented move, South Korea’s impeached president, Yoon Suk Yeol, was detained on Wednesday morning at his presidential residence in Seoul becoming the first sitting South Korean leader to be detained for questioning by criminal investigators. The operation followed weeks of defiance from Yoon, who had resisted multiple summons…
Gold prices inched above the $2,700 per ounce mark on Wednesday again as traders remained focused on the release of the US CPI inflation data. A milder US dollar also supported sentiments in the gold market on Wednesday. A weaker dollar makes commodities priced in the greenback cheaper for overseas…
Brazilian fintech Nubank has made a strategic move by partnering with Mexican convenience store chain Oxxo, owned by FEMSA. Announced on Monday, this collaboration aims to expand Nubank’s cash deposit and withdrawal network across Mexico, marking a key step in the company’s North American growth strategy. Nubank’s expansion strategy Warren…
Klarna is in focus this morning after announcing a new distribution partnership with Stripe aimed at expanding its footprint in financial services ahead of its upcoming listing in the United States. The agreement will make the company’s “buy now, pay later” or BNPL services available to merchants using Stripe in…
Britain’s Competition and Markets Authority (CMA) has initiated a probe against Google in its first significant investigation under the recently enacted Digital Markets, Competition and Consumers (DMCC) Act. This new legislation, which came into force on January 1, aims to address anti-competitive behavior in digital markets by granting the regulator…
Capital One Financial Corp (NYSE: COF) has been sued by the Consumer Financial Protection Bureau for “cheating” its account holders out of an alarming $2.0 billion. The bank holding company marketed its “360 Savings” and enhanced “360 Performance Savings” accounts similarly and never notified account holders of the newer option.…
Despite the US economy showing resilience with strong GDP growth, manufacturing stocks have lagged behind broader market indices, but analysts believe the sector is poised for a turnaround in 2025. In 2024, the Industrial Select Sector SPDR ETF (XLI), which tracks the sector, delivered a return of 17%, falling short…
Nvidia has turned into more of an obsession for investors in search of outsized returns. The artificial intelligence darling contributed the most to the S&P 500’s overall returns in 2024 – and NVDA remains a great pick for this year too “on the precipice of the Blackwell ramp,” according to…