US stocks have been in a sharp uptrend since early April, but higher tariffs set to go live on August 1 could reverse some of the recent gains, potentially resulting in meaningful losses in the second half of 2025.Still, famed investor Jim Cramer says some stocks are currently trading at…
Shares of Glenmark Pharmaceuticals surged 14% to an all-time high on Friday after its biotechnology unit, Ichnos Glenmark Innovation (IGI), signed a landmark licensing deal with US drugmaker AbbVie for its experimental blood cancer drug, ISB 2001. The agreement, announced late Thursday, marks one of the largest biotechnology licensing deals…
Mark Bristow, CEO of Barrick Mining Corp, reiterated the copper miners’ bullish outlook on the metal’s future in Zambia, where the company is expanding operations, according to a Reuters report. This optimistic view persists despite anticipated short-term price volatility due to a looming 50% US tariff.Trump’s announcementIn a significant policy announcement…
Asian markets remained mixed on Friday as the investors assessed US President Donald Trump’s recent tariff moves and broader volatility in the domestic economiesExport-dependent economies of Asia are bracing for a major impact from Donald Trump’s higher tariffs with major economies like Japan and South Korea facing up to 25%…
Dow Futures dropped early Friday after President Donald Trump announced a 35% tariff on all Canadian imports, effective August 1.The Dow Jones Industrial Average futures slid 305 points, or about 0.7%, while the S&P 500 futures fell 0.6%, and the Nasdaq 100 futures also lost 0.6%, as Wall Street braced…
Brazil’s financial markets experienced a shaky opening on Thursday after US President Donald Trump unexpectedly raised new tariffs on Brazilian exports to 50%, compared to the 10% level he had earlier proposed. According to Reuters, the decision reverberated through financial circles, triggering the largest currency tumult in months, as well…
US President Donald Trump announced a sweeping new 35% tariff on Canadian imports, escalating trade tensions between the two countries ahead of a planned resumption of bilateral talks. The new tariffs will take effect on August 1, according to a letter Trump posted Thursday on his Truth Social platform.The latest…
Broad investor optimism and a one-month delay in US import tariffs are keeping gold prices around $3,300 an ounce.Although shifting investor sentiment could continue to weigh on gold, Metals Focus expects prices to remain well supported through the rest of the year, Kitco.com said in a report.Resilient gold pricesMetals Focus,…
In August, Saudi Arabia is poised to increase its crude oil exports to China, reaching their highest level in over two years. The move by Saudi Arabia reflected the top exporter’s strategy to reclaim market share in the world’s largest oil importer.Saudi Aramco, the state oil firm, is set to ship…
Oil prices rose on Friday, following US President Donald Trump’s announcement of an upcoming statement concerning Russia, which hinted at potential additional sanctions on the significant oil-producing nation. However, concerns about tariffs and increasing output from OPEC+ limited these gains.Prices recoup some of Thursday’s lossesAt the time of writing, the price…