Tesco share price continued to hover close to its all-time high making it one of the best-performing companies in the FTSE 100. It has jumped by 40% from its lowest level this year, a trend that may continue after the latest UK inflation report. Tesco could benefit as UK inflation jumpsTesco,…
On Wednesday, government officials announced that ten South Korean petrochemical companies have reached an agreement to restructure their operations. This will involve significant reductions in their naphtha-cracking capacity, according to a Reuters report.The South Korean government is urging its petrochemical industry, which it considers to be in “crisis,” to accelerate restructuring…
A fast-growing wave of corporate crypto adoption is transforming balance sheets across the US and beyond. In just one year, the number of publicly listed firms holding digital assets has risen sharply, with more than 152 companies now owning over 950,000 bitcoin worth $110 billion.Once confined to a few early…
Dow futures slipped slightly on Wednesday as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium.The broader market has been on a strong run for a while now, with the Dow Jones Industrial Average recently touching a record high, but…
As traditional real estate continues to struggle with climbing back into the growth territory in 2025, a quieter transformation is unfolding in senior housing – and seasoned investors sure are paying attention.With demographic tailwinds, resilient occupancy trends, and growing healthcare integration, senior living is emerging as a compelling investment for…
UBS strategists have raised their long-term forecasts for spot gold prices, signaling confidence that the metal’s rally has further room to run despite recent volatility. The bank now expects gold to reach $3,700 per ounce by late 2026, citing a mix of US economic pressures, monetary policy shifts, and sustained…
The Trump administration has expanded its tariffs on steel and aluminium to cover more than 400 additional product categories, in a move that significantly broadens the scope of the policy. The new measures, which took effect on Monday, build on President Donald Trump’s decision earlier this year to double duties…
Shares of Lululemon Athletica fell around 3% to $197.80 in afternoon trading on Tuesday after Wells Fargo reduced its price target on the stock to $205 from $225. The brokerage said the repeal of the US de minimis customs exemption could dent the athletic wear maker’s profitability and margins.The exemption…
Brent crude prices remained largely unchanged over the past fortnight, hovering between $65 and $66 per barrel, as anticipation of Russian oil re-entering global markets due to ongoing Russia-Ukraine peace talks fueled bearish sentiment.“The probability of the US placing stronger sanctions on Russia is waning, with the market expecting Russian…
Oil shipments to Hungary and Slovakia via the Druzhba pipeline have resumed, officials from both nations confirmed late on Tuesday. The disruption in supply was attributed to a Ukrainian drone strike that targeted an oil pumping station located in Russia’s Tambov region. This incident had temporarily halted the flow of oil, raising…