US President Donald Trump has unveiled fresh tariff threats against key US trading partners, announcing a 30% rate on imports from Mexico and the European Union (EU) if the countries do not negotiate more favorable trade terms by August 1. The announcement was made via two letters posted to social…
India is stepping up efforts to expand its banking sector, aiming to fuel its rapid economic growth and inch closer to its $5 trillion GDP target.To realise this, the government and financial regulators are working towards a strategy of carrying out a strategic overhaul by merging the banks, new licenses,…
As the second-quarter earnings season kicks off, US equity markets are hovering near record highs, buoyed by optimism that many now hope will be validated by incoming corporate results. Yet expectations for earnings are subdued. Analysts forecast a modest 2.5% year-on-year rise in S&P 500 profits for Q2, making it…
US President Donald Trump has unveiled fresh tariff threats against key US trading partners, announcing a 30% rate on imports from Mexico and the European Union (EU) if the countries do not negotiate more favorable trade terms by August 1. The announcement was made via two letters posted to social…
As the second-quarter earnings season kicks off, US equity markets are hovering near record highs, buoyed by optimism that many now hope will be validated by incoming corporate results. Yet expectations for earnings are subdued. Analysts forecast a modest 2.5% year-on-year rise in S&P 500 profits for Q2, making it…
The crypto market held steady during the weekend as the recent bull market paused. Bitcoin was trading at $118,000, while some altcoins like Bonk, Alpaca Finance (ALPACA), Kyber Network Crystal (KNC), and Phoenix (PHB) surged by double digits. Bonk price predictionBonk, the biggest Solana meme coin, has done well in the…
The S&P 500 Index and its top ETFs, like VOO and SPY will be in the spotlight this week as the market reacts to several notable events like macroeconomic data and earnings. These events come as the index remains at an all-time high following the 30% surge from its lowest level…
The British pound has plunged in the past few days as the recent bullish momentum faded. The GBP/USD exchange rate dropped to a low of 1.3490, its lowest level since June 23. It has plunged by over 2.17% from its highest point this year. US Dollar Index risesThe GBP/USD exchange rate…
Nio Inc (NYSE: NIO) is up nearly 10% this morning after launching the L90 – a flagship three-row electric SUV under its sub-brand Onvo.Onvo L90 launch marks NIO’s strategic expansion into the family-oriented vehicle segment – and the initial customer enthusiasm suggests the Chinese automaker will likely succeed in carving…
AMC Entertainment (NYSE: AMC) shares surged 9% on Friday after it received a vote of confidence from Wedbush.The firm upgraded the stock from “Neutral” to “Outperform” and raised its price target to $4 from $3. The revised target implies a potential upside of 33% from Thursday’s closing price.In a research…