Canada’s economy grew much faster than expected in the third quarter, driven by a surge in oil exports and government spending, according to Friday’s data releases.Despite persistent weakness in business investment and household consumption, the performance kept the country from falling into what may have been a technical recession.According to…
Gold prices rose to a two-week high and were on track for a fourth consecutive monthly high on rising bets that the US Federal Reserve will cut interest rates next month. Meanwhile, silver prices have outperformed gold this week, with the metal on COMEX hitting a new record high on Friday.…
Goldman Sachs analyst Jacqueline Du sees explosive growth in humanoid robot orders in 2026.And given that Tesla Inc.’s (NASDAQ: TSLA) chief executive Elon Musk believes roughly 80% of his company’s future value will come from “Optimus,” that demand surge should benefit the EV stock.However, there are two key dynamics Du…
Intel Corp. shares rose more than 8% on Friday after noted technology analyst Ming-Chi Kuo of TF International Securities said the US chipmaker could become a foundry supplier for upcoming generations of Apple’s M-series processors — a development that, if it materialises, would signal one of Intel’s most consequential wins…
Starbucks is facing mounting pressure as its workers’ union escalates an ongoing strike to more than 120 US stores across 85 cities, marking what could become the longest labour interruption in the coffee chain’s history. The walkout, which began on November 13 on Red Cup Day with 65 stores participating,…
Europe’s news cycle is stacked with market jitters, political standoffs, and rising geopolitical pressure.The FTSE 100 is set to snap its winning streak despite a late-month lift from energy stocks.In Brussels, UK–EU defense talks have unraveled over costs and access.Washington and Kyiv are preparing for fresh peace negotiations as the…
A big tech bounce, rising geopolitical tensions, and fresh economic momentum shaped the day’s headlines.Intel led markets higher after hopes grew that it could soon win Apple’s chip business, while China pressed the UK to reaffirm its stance on Taiwan amid regional frictions.India delivered another blowout growth print, reinforcing its…
This week’s crypto highlight has a triple shakeup: Bolivia is introducing stablecoins and cryptocurrencies into its banking system in an effort to stabilise an economy plagued by inflation and dollar shortages. Meanwhile, a dormant multisig wallet belonging to LIBRA suddenly shifted $9 million, raising concerns about fund concealment as US…
Hopes for a potential peace plan in Ukraine have sent shockwaves through the energy market this week, causing the gasoil crack spread to plummet to $25 per ton from $35 per ton in a matter of days.A peace deal could lead to the easing of current sanctions imposed on Russia.Should…
Silver price rallied to a fresh all-time high on Friday as a slump in Chinese inventories heightened supply concerns. This comes a few weeks after the recent silver squeeze in London that pushed prices to the record high hit in late October. Besides, bets on a 25-basis-point rate cut during the…