The SPDR Gold Trust (GLD) ETF could have another solid year as Wall Street analysts predicts more gains for gold. GLD, the biggest gold ETF, rose to a record high of $257.93 in October as gold peaked at near $2,800. So, what next for gold and the GLD ETF? Analysts…
The human metapneumovirus (HMPV), a respiratory virus often compared to COVID-19 due to its symptoms and transmission methods, is currently spreading across Asia, raising significant health concerns. The virus, which primarily affects children but can infect individuals of all ages, has seen a surge in cases, particularly in northern China,…
China plans to broaden its consumption subsidies to include smartphones and other electronics in a bid to boost domestic spending as external challenges loom. The country’s trade-in program, originally focussed on home appliances and cars, will, from this year, begin to include personal devices like phones, tablets, smartwatches, etc., officials…
Cloudflare’s stock price is at an important resistance level as the market assesses whether it has more upside after soaring 41% in 2024. It was trading at $112.55, a few points below the key resistance level of $116. Cloudflare’s business is growing Cloudflare is one of the most important companies…
India witnessed a record-breaking surge in initial public offerings (IPOs) in 2024, raising an unprecedented $19.82 billion in what has also catapulted seven entrepreneurs into the billionaire league. The boom was particularly notable in the renewable energy sector, with four entrepreneurs in the sector seeing their personal fortunes spike after…
ASML, the Dutch semiconductor equipment leader, faced a challenging 2024 as slowing demand and geopolitical tensions weighed on performance. In the last six months, the company’s share price has fallen by almost 30%, while the Euro Stoxx 600 technology index remained almost flat, falling by 0.75%. A disappointing third quarter…
The US housing market faced a renewed chill as the year drew to a close, with mortgage rates reaching their highest levels since early July during the Christmas holiday week. This surge in borrowing costs has significantly weakened demand, sending home purchase applications tumbling and nearly collapsing the refinance market.…
As December 2024 ended, the S&P Global Brazil Manufacturing Purchasing Managers’ Index (PMI) doubled to 50.4, down from 52.3 a month before. This dip marks the slowest expansion pace in factory activity seen all year, matching the August numbers. This data points to a pivotal moment for Brazil’s manufacturing scene,…
Annual deliveries for automaker Tesla fell for the first time in years, sending its share price down by more than 6% in early trading hours. By 9:57 am, the stock had regained some of the losses, and was down by 3.61%. The company reported 495,570 deliveries for Q4 of 2024,…
In a big move for crypto in Latin America, Binance, the top dog in cryptocurrency exchanges worldwide, just snagged its 21st license, this time from Brazil’s Central Bank. According to a Cointelegraph report, this green light lets Binance work as an official broker-dealer, marking it as the first in the…