Israel’s stock market has defied the odds to become the strongest performer in the Middle East over the past 22 months of conflict, reaching record highs even as the country navigates multiple wars, political unrest, and allegations of war crimes.The Tel Aviv Stock Exchange (TASE), which initially plunged 23% in…
European stock markets started the final session of the week on a positive note, with major indices broadly higher as investors reacted to a flurry of strong corporate earnings reports and took their lead from a wave of optimistic sentiment that has been rippling through global markets.About 15 minutes after…
Swedish defense group Saab reported stronger-than-expected second-quarter earnings and raised its 2025 sales guidance, as rising global defense budgets continue to fuel demand for its combat systems and aircraft. Shares rose over 12% after the company posted operating income of 1.98 billion Swedish kronor ($204 million), comfortably ahead of analyst…
Kazakhstan CPC Blend crude is seeing increased purchases by Asian refiners for August loadings compared to July. The rise in purchases is attributed to lower European demand, which has driven down prices, according to a Reuters report. Consequently, Asian demand for comparable light-sour crude grades, like Abu Dhabi’s Murban, is likely to…
The global IPO market remained broadly flat in the first half of 2025, with 539 deals raising US$61.4 billion, matching the deal count from the same period last year but posting a notable uptick in proceeds. However, momentum slowed in the second quarter, which saw only 241 IPOs and US$31.5…
Oracle stock price continued its strong surge this week, reaching its all-time high. This surge has pushed Larry Ellison’s net worth to over $260 billion, making him the second-richest person globally. It was trading at $241, up by 105% from its lowest point this year. Why Oracle stock price has surgedORCL…
Visa stock price has struggled in the past few months as investors worry that it may become disrupted by the ongoing stablecoin growth. V shares were trading at $350 on Thursday, down by 6.75% from its highest point this year.Are stablecoins a threat to Visa?The main reason why the Visa…
Shares of Steven Madden Ltd. (NASDAQ: SHOO) jumped 5% on Thursday after Citi upgraded the stock from Neutral to Buy and raised its price target to $32. The investment bank cited signs of a margin bottom, easing tariff headwinds, and shifting fashion trends as key drivers behind the more optimistic…
The USD/RUB exchange rate rose this week as concerns about relations between Russia and the United States rose. It also rose from its year-to-date low of 73.98 to 77.98 following the latest US and Chinese consumer inflation data. Russia and the US relationshipThe USD/RUB exchange rate has remained under pressure following…
Stellar Lumens (XLM) and Ripple (XRP) tokens surged overnight as market participants cheered the GENIUS Act vote in the United States. The XLM token reached a high of 0.5200, representing a 138% increase from its lowest point this year.Similarly, the XRP price soared to a record high of $3.60, up…