Gold prices hit their highest level in six weeks as hopes for a US Federal Reserve interest rate cut this month fuelled demand. Meanwhile, silver prices on COMEX hit another record high, surpassing $58 per ounce for the first time ever. Oil prices climbed, fueled by supply worries stemming from various factors. These…
Tesla’s autonomous-driving bet is sparking one of Wall Street’s most heated debates: could the electric carmaker’s Full Self-Driving software unlock more upside than the already-surging AI chip giants?While Nvidia and AMD have dominated returns from generative AI infrastructure investments, with Nvidia up over 1000% over three years and AMD capturing…
Richard Hughes has resigned as chair of the Office for Budget Responsibility after the UK’s fiscal watchdog mistakenly published Chancellor Rachel Reeves’ budget almost an hour before it was delivered in Parliament — a breach described as the most serious failure in the OBR’s 15-year history.The announcement of his departure…
Borrow cheap yen, invest in higher-yielding assets, pocket the spread: repeat with leverage.That simple idea, known as the yen carry trade, has fueled enormous profits for hedge funds and global investors for decades.But when market conditions shift, this strategy unravels spectacularly, wiping out positions and triggering cascading selloffs across global…
Europe’s had one of those days where everything feels a bit upside down.The OBR chief’s resignation, a rebound in UK manufacturing, and a major UK-US pharma deal led London markets today.Tesla saw a sharp overall decline in Europe, except for a record-breaking performance in Norway.It’s a mix of shakeups, surprises,…
The Nikkei 225 Index remained under pressure on Tuesday as market participants reacted to hints that the Bank of Japan (BoJ) will hike interest rates, even as inflation moderates. The index dropped for the second consecutive day, reaching a low of ¥49,400, which is ~6.30% below its highest point this…
Government data indicated that India’s power output decreased for the second consecutive month in November. This decline was attributed to mild weather and a slump in industrial activity, resulting in subdued electricity demand.The nation’s total electricity generation in November experienced a notable decline, falling approximately 1% year-on-year to 134.26 billion…
Apple is reportedly not planing to comply with India’s decision to require smartphone makers to preload a state-run cyber safety app on all new devices.The move, confirmed this week, sets a 90-day window for Apple, Samsung, Xiaomi, and others to install the Sanchar Saathi app on every future smartphone sold…
Multinational retailer Costco has taken the unusual step of suing the US government to ensure it can recover import duties should the Supreme Court ultimately rule that former President Donald Trump lacked the legal authority to impose sweeping emergency tariffs under the International Emergency Economic Powers Act (IEEPA). The retailer…
It’s always a bad sign when Japan makes headlines. That’s because the country used to sit quietly in the background for the majority of this century. Rates were near zero, the central bank bought almost everything in sight, and investors treated the yen as a bottomless funding source.And just like…