The price of bullion, and to some extent silver, will likely continue to be supported by heightened global economic tensions, the risk of stagflation, a weaker dollar, and rising inflation expectations combined with falling US real yields, experts said.Spot gold reached a new record high of $3,167 per ounce due…
The US psychedelic industry is at a pivotal moment, moving gradually from clinical trials into early stages of commercialization, but still facing regulatory and societal hurdles. Companies are promising breakthroughs that target the root causes of mental health conditions like depression, potentially enabling limited-dose treatments that could ease pressure on…
London has witnessed the departure of more super-wealthy residents than any city in the world, apart from Moscow, according to a new global wealth report. The capital lost 11,300 dollar millionaires over the past year alone, including 18 centimillionaires and two billionaires, highlighting a troubling trend for the city once…
US wine sellers are concerned about President Donald Trump’s tariffs which are set to take effect later on Wednesday. The tariffs are anticipated to raise the cost of imported wines and liquors.Adam Williams, 57, owner of Ansley Wine Merchants in Atlanta, told Reuters in a report that prices on all…
China escalated its trade conflict with the United States on Wednesday, announcing that it would increase tariffs on American goods to 84%. The move comes in direct response to a new round of US levies introduced by President Donald Trump, deepening tensions between the world’s two largest economies.According to a…
The escalating US-China trade war is raising alarms across global industries, and copper is no exception. Ivan Arriagada, CEO of Chile’s Antofagasta, recently warned that rising tariffs could have a long-term negative impact on copper demand, posing risks to the construction industry and the ongoing transition to a green economy.Speaking…
As trade tensions escalate, Netflix (NFLX) appears to be one of the rare American tech giants with a cushion against severe fallout. While many firms brace for heavy blows, the streaming platform’s global integration and reliance on local content may offer it a protective shield in the storm of tariffs…
US stocks are struggling to find a floor after President Trump announced retaliatory, or what some would call punitive, tariffs on dozens of countries on April 2nd.Financial markets from all over the world are reacting negatively to Trump’s tariffs as the related disruption to the global supply chain could lead…
US President Donald Trump raised eyebrows last week when he singled out Australian beef while announcing tariffs on a broad range of imports.“They won’t take any of our beef,” Trump said, referring to Australia’s long-standing restrictions on US beef imports due to concerns over mad cow disease. These restrictions have…
In a coordinated effort to shore up investor confidence, top Chinese brokerages have pledged to help stabilize domestic share prices, the Shanghai bourse announced. This pledge comes as scores of listed companies unveiled plans to buy back their own stock, a response to the escalating trade war that has sent…