Gold prices continued to rally on Friday as weak economic data from the US raised hopes of interest rate cuts by the Federal Reserve. Elsewhere, crude oil prices slumped and were headed for steep weekly losses ahead of a crucial meeting of the Organization of the Petroleum Exporting Countries and allies…
From global politics to corporate megadeals and domestic economic shifts, Friday’s headlines capture major developments. Trump slams India-Russia-China summit ties. Thailand gets its third PM in two years amid political chaos. Musk eyes $1 trillion Tesla pay package tied to massive growth targets. US jobs market stalls with only 22,000…
Keir Starmer pulled off a major cabinet shake-up on Friday, trying to steady his government after Deputy Prime Minister Angela Rayner’s shocking resignation.The reshuffle saw some pretty significant moves as David Lammy got promoted from Foreign Secretary to Deputy PM and Justice Secretary, Yvette Cooper shifted from Home Secretary to…
A turbulent night across Washington, Brussels and Wall Street offered a snapshot of the political and economic crosscurrents shaping global markets, from Donald Trump’s search for a new Federal Reserve chair to an unprecedented US immigration raid halting construction at a massive Hyundai facility in Georgia.Trump narrows Fed chair contendersPresident…
Angela Rayner’s resignation as both deputy prime minister and deputy leader of the Labour Party has set off a high-stakes internal election to replace her, reopening divisions within the party over direction and leadership.Rayner, long regarded as a potential future leader, quit her posts on Friday after the independent adviser…
Cryptocurrency exchange Gemini, founded by the Winklevoss twins, has announced a significant expansion of its services in the European Union, introducing Ethereum and Solana staking alongside perpetual futures contracts.This move aligns with the exchange’s recent regulatory approval under the EU’s Markets in Crypto-Assets Regulation, positioning Gemini as a key player…
Wall Street analysts believe Lululemon Athletica Inc (NASDAQ: LULU) will take time to recover after the athleisure specialist trimmed its full-year guidance for profit and revenue.In the earnings release, Calvin McDonald, the company’s chief executive, cited execution missteps in key product categories and “missed opportunities to create new trends” for…
Investors are bailing on Advanced Micro Devices Inc (NASDAQ: AMD) this morning after its AI peer Broadcom Inc (NASDAQ: AVGO) reported blockbuster earnings for its fiscal third quarter.Broadcom’s record-breaking results and bullish guidance sent ripples across semiconductor sector – also triggering investor rotation away from AMD shares on concerns of…
The Ibovespa climbed more than 1% on Friday, setting a fresh intraday record above 142,000 points, after weaker-than-expected US labour data strengthened expectations of imminent Federal Reserve rate cuts.InfoMoney reported that the benchmark index rose 1.60% to 143,248 points at 10:40 am in Brasília, after touching a new all-time high…
Europe’s political and economic landscape shifted sharply on Friday, with the shock resignation of Angela Rayner from the UK government, a record EU fine against Google, Nigel Farage plotting a return to mainstream politics, and Norway bracing for one of its tightest elections in years.Angela Rayner resigns after ministerial code…