Former UK Prime Minister Rishi Sunak is rejoining Goldman Sachs, the global investment bank where he began his professional career more than two decades ago. The move marks a significant homecoming for Rishi Sunak, bringing him back to the financial world where his career first took off at the very…
In a fresh string of announcements on Tuesday, US President Donald Trump mentioned sectors that can become part of his new tariff plans.The Trump administration is planning to impose 50% tariffs on copper imports and up to 200% duties on the pharmaceutical sector.“I believe the tariff on copper we’re going…
Shares of Moderna surged 9.5% on Tuesday to $32.75 in a notable reversal of recent bearish sentiment, buoyed by legal developments and renewed investor focus on the company’s potential vaccine pipeline. The uptick follows a turbulent period for the pharmaceutical firm, which has seen its stock tumble more than 80%…
China’s ongoing policy efforts to curb excess industrial capacity could serve as a significant positive catalyst for both its equity markets and global trade, provided the measures are executed effectively, according to a new analysis from JPMorgan Chase & Co. The bank’s strategists believe these policies could pave the way…
Shares in French-Italian eyewear giant EssilorLuxottica jumped more than 5% to €251.70 on Tuesday after reports emerged that Meta Platforms had acquired a nearly 3% stake in the company, worth approximately €3 billion ($3.5 billion). If gains hold, it would mark EssilorLuxottica’s best trading day since mid-February.According to sources cited…
Copper prices in the US have shot up more than 10%, breaking past $12,330 per metric ton, an all-time high following President Donald Trump’s announcement of a steep 50% tariff on copper imports. The announcement came during a White House cabinet meeting, though no timeline was given for when the…
Investors keep waiting for a strong altcoin rally ever since Bitcoin printed a new all-time high of about $111,000 and the US Senate passed the much-anticipated “GENIUS Act”.According to experts, the key legislation could significantly boost adoption and bring stablecoins more into the mainstream finance. Still, altcoins haven’t done much…
The European Union is intensifying efforts to finalize a trade agreement with the United States before August 1, when sweeping tariffs on EU exports are set to take effect. According to EU estimates, the new duties would impact €380 billion ($445 billion) of goods, approximately 70% of the bloc’s exports…
Shares of Moderna surged 9.5% on Tuesday to $32.75 in a notable reversal of recent bearish sentiment, buoyed by legal developments and renewed investor focus on the company’s potential vaccine pipeline. The uptick follows a turbulent period for the pharmaceutical firm, which has seen its stock tumble more than 80%…
SovEcon, a prominent agricultural consultancy, has significantly increased its projection for Russian wheat exports for the 2025-26 marketing season. The revised forecast now stands at an impressive 42.9 million metric tons (mmt), representing a substantial upward adjustment of 2.1 mmt from previous estimates. This revised figure highlights Russia’s growing dominance in…