Strategy (previously known as Microstrategy), the world’s largest publicly traded corporate holder of bitcoin, is confronting a pivotal moment as index provider MSCI reviews whether to remove the company from its major equity benchmarks. Chairman Michael Saylor confirmed to Reuters on Wednesday that the firm is actively engaging with MSCI…
American Eagle Outfitters entered Wednesday’s premarket trade on a strong note, with shares rising nearly 12% after the company raised its annual sales forecast. The update reflects how the retailer is preparing for a busy festive season by lifting its visibility through celebrity-led campaigns and targeted branding. In a market…
India’s steel mills significantly increased their overseas iron ore purchases this year, driving imports to a six-year peak. This surge was motivated by the need to compensate for domestic shortages of high-grade ore and capitalise on the more favorable global prices for the key steelmaking raw material, according to a Reuters…
Hyundai Motor Group is preparing to introduce a new artificial intelligence-powered mobility robot next year, signalling how the South Korean carmaker is widening its ambitions beyond traditional vehicles.The Mobile Eccentric Droid, which will be the company’s first mass-produced mobility robot platform, is scheduled to enter production in the first half…
The OECD updated its forecast for Brazil’s economic performance in 2025, but cautioned that the country may experience weariness by 2026.On Tuesday, the organisation increased its expectations for Brazil’s GDP growth to 2.4% in 2025 and 1.7% in 2026, up from 2.1% and 1.6% in June, respectively.Combined with a bumper…
Gold and silver prices fell on Tuesday as investors booked profits after a surge in the precious metals in the previous sessions. Oil prices eased slightly as concerns over oversupply intensified. Investors also booked profits after prices had hit a near two-week high on Monday. Base metals were largely flat from their…
Cocoa prices have demonstrated a significant rebound at the start of the week, successfully continuing a recovery after a sharp decline that saw them hit their lowest levels in nearly two years just a week ago. The futures contract traded on the New York market has climbed back up to $5,550…
Tensions, tech ambitions, corporate reshuffles, and tariff headaches are shaping Europe this week.Trump’s envoys are testing the waters in Moscow with a fresh peace pitch for Ukraine, even as European leaders eye the move warily.In the UK, a major fusion partnership backed by Google is aiming to fast-track clean energy…
In a busy day for global political and economic developments, US electoral shifts, a rebound in Asian markets, mixed Australian growth data, and a major semiconductor acquisition offer a broad snapshot of the forces shaping investor sentiment. Here is a roundup of the key events unfolded on Wednesday morning. Republicans…
Tight supplies have been fuelling the massive surge in silver prices, which has seen the metal rise more than 10% since last Friday. On Wednesday, silver prices on COMEX hit a fresh record high of $59.645 per ounce, as the metal has climbed 100% since the beginning of this year. A silver…