Diageo share price continued its strong downward trend in the past few years, making it one of the top laggards in the FTSE 100 Index. It plunged to a low of 1,800p on Monday, down by over 51% from its highest level in 2022. DGE stock has tumbled to the lowest…
Lloyds share price popped to a multi-decade high as investors cheered the recent earnings and the Supreme Court decision on motor insurance. LLOY jumped to a high of 80.90p, up by 323% above its lowest level during the pandemic. Supreme Court motor insurance rulingLloyds Bank stock price popped after the Supreme…
Nvidia is preparing to re-enter China’s AI chip market with its H20 processors, following the Trump administration’s decision to lift export restrictions imposed in April. While the move may recover part of the billions in losses the company flagged earlier this year, analysts warn the US firm may struggle to…
Citi increased its three-month gold price forecast to $3,500 per ounce from $3,300 on Monday, citing a deteriorated near-term outlook for US growth and inflation. The expected trading range has also been adjusted to $3,300–$3,600 per ounce, up from $3,100–$3,500 per ounce, according to a Reuters report.Trade war concerns The bank anticipates…
The US labor market is no longer what it was six months ago. Job creation has slowed sharply, hiring data has been revised down, and the workforce has shrunk by over 1.6 million foreign-born workers since March. Immigration accounted for nearly 90% of US labor force growth since 2019 and has…
Despite warnings from US President Donald Trump about “penalties,” India appears set to continue its imports of Russian oil, presenting a significant diplomatic challenge.Although Trump informed reporters on Friday that he “heard” India would cease oil purchases, New Delhi’s officials have maintained a noncommittal stance. Randhir Jaiswal, the foreign ministry spokesperson,…
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…
European stock markets are starting the new trading week with a modest rebound, as investors look to shake off the steep losses from Friday’s session. However, the positive start is tempered by a sharp focus on Swiss markets, which are reeling from the shock news of a hefty 39% US…
More than 3,200 members of the International Association of Machinists and Aerospace Workers’ District 837 began a strike on Monday after rejecting Boeing’s second contract offer. These workers assemble key defence aircraft, including the F-15, F/A-18, T-7 trainer, and MQ-25 refuelling drone at facilities in the St. Louis area and…
The GLD ETF ended the week in the green; reversing the losses recorded in the week. However, it remains range-bound as investors await a fresh bullish catalyst for bullion prices. Geopolitical turbulence and tariff-driven uncertainties continue to support safe haven demand. Even with the steady bullish momentum, central bank buying eased…