US President Donald Trump’s decision to exclude refined metal from his proposed import tariff led to an immediate and significant drop of over 19% in COMEX copper.Wednesday saw the most significant intraday decline on record, with prices dropping by 19%, though they later recovered some of these losses.At the time…
When President Vladimir Putin launched the full-scale invasion of Ukraine in early 2022, most Western analysts predicted swift economic collapse. Sanctions were sweeping. Companies were fleeing. Russian banks were cut off from SWIFT. But instead of imploding, the economy showed surprising resilience. GDP grew. Oil revenues held firm. Defense factories accelerated. Even…
North America’s UAV (drone) market is undergoing a rapid transformation, fuelled by breakthroughs in AI, autonomous flight, and regulatory shifts aimed at reducing dependence on Chinese technology.In a bold move to rebuild the domestic drone sector, the US government is crafting an ambitious industrial policy—echoing the intent of the CHIPS…
The Bank of Canada (BoC) kept its benchmark interest rate unchanged at 2.75% for a third straight meeting on Wednesday as expected, as it treaded carefully amid global trade tensions. While the immediate danger of an all-out global trade war may have receded, confusion regarding US trade policy still looms…
Morgan Stanley has published an update to its Latin American model portfolio, which incorporates a more diversified approach by boosting exposure to Argentina, while keeping Brazil as its biggest overweight in the region. The bank’s first allocation changes come in a year in which emerging markets saw the largest capital…
Peloton Interactive Inc (NASDAQ: PTON) soared nearly 20% on Wednesday after a senior UBS analyst issued an ultra-bullish note in its favour.In her research note this morning, Arpine Kocharyan upgraded the connected fitness company to “buy” and raised her price target to $11 – indicating potential upside of over 80%…
The US has slapped sanctions on Brazilian Supreme Court Justice Alexandre de Moraes, citing concerns over his conduct in the criminal proceedings against former President Jair Bolsonaro.This was announced by the US Treasury Department on Wednesday. The sanctions accuse Moraes of overstepping legal boundaries.The Trump administration said that the judge…
Bitmine Immersion Technologies Inc (BMNR) rallied more than 10% today following news that influential investor Cathie Wood trimmed her stake in Block Inc (XYZ) to load up on BMNR.The founder and chief executive of Ark Invest spend over $15 million on buying 477,498 Bitmine shares across three of her flagship…
Pakistan announced a deal with the US that it expects will reduce tariffs on its exports. Meanwhile, President Donald Trump lauded an agreement focused on developing Pakistan’s oil reserves, according to a Reuters report.However, the agreed tariff rate was not mentioned by either party.In an effort to counter China’s regional influence,…
European stock markets began Thursday on a positive note, with the regional Stoxx 600 index climbing higher as investors digested a deluge of corporate earnings reports from some of the continent’s largest companies. This upbeat start, supported by a strong showing from US tech giants, comes amidst a complex global…