Newsmax, the conservative cable news network, made its public debut on the New York Stock Exchange on Monday, defying market trends with an explosive opening. Trading under the symbol “NMAX,” the stock opened at $14 after being priced at $10 per share. By midday, it had soared more than 500%…
The AUD/USD exchange rate remained under pressure on Tuesday after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It was trading at 0.6245, down slightly from the year-to-date high of 0.6390. So, what’s ahead for the Aussie ahead of the US jobs numbers…
Gold prices surged to an all-time high on Tuesday, fueled by growing anxieties that US President Donald Trump’s planned reciprocal tariffs will trigger inflationary pressures and hinder global economic growth. The move reflects a flight to safety as investors seek refuge from mounting uncertainty.As of 0310 GMT, spot gold was…
“Tariffs will affect all countries”, Trump said to reporters on March 31st, right as the rest of the world is preparing to engage in what now seems like a global trade war. On April 2nd, President Trump’s new tariff plan will be announced, a day so big that he himself has…
As the world braces for April 2, all eyes are on the United States, where President Donald Trump is set to announce the implementation of “reciprocal tariffs“, a move poised to redefine global trade dynamics. Dubbed “Liberation Day” by the administration, this initiative aims to address perceived trade imbalances and…
Casinos have long been a significant part of Canada’s entertainment and economic landscape, evolving from humble brick-and-mortar establishments to a thriving industry that includes both physical venues and a burgeoning online sector. Notably, the casino industry continues to play a pivotal role in shaping the Canadian economy, contributing to job creation,…
Biotech investors are grappling with fresh uncertainty following the abrupt resignation of Dr. Peter Marks, a key figure in the US Food and Drug Administration. Marks, who was instrumental in Operation Warp Speed and known for championing fast-tracked drug approvals, announced his departure on Friday, citing fundamental disagreements with Health…
Bill Gates, the visionary behind Microsoft, has openly stated that his three children will inherit a relatively small fraction of his colossal fortune – less than one percent, to be exact. While that sliver still translates to billions, the decision places him among a growing cohort of tech titans prioritizing…
Rocket Companies (NYSE: RKT) has announced the acquisition of Mr. Cooper in an all-stock transaction valued at $9.4 billion. The deal comes just weeks after Rocket’s acquisition of real estate listing company Redfin, signaling an aggressive expansion strategy.Shares of Mr. Cooper surged more than 27% pre-market following the announcement. On…
Newsmax, the conservative cable news network, made its public debut on the New York Stock Exchange on Monday, defying market trends with an explosive opening. Trading under the symbol “NMAX,” the stock opened at $14 after being priced at $10 per share. By midday, it had soared more than 500%…