Crude oil price jumped for the third consecutive day, with Brent hitting a high of $83.75, up by 7.30% from its lowest level this week. This rebound happened after China boosted its oil purchases and after Iran published details of the Strait of Hormuz reopening.China boosts oil purchasesOne reason why…
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25% and retained its neutral monetary policy stance, choosing to wait for greater clarity on inflation risks stemming from volatile global crude oil prices while expressing confidence in the country’s domestic growth outlook.The central bank…
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic conditions.According to payroll processing firm ADP, private nonfarm employment rose by a seasonally adjusted 44,000 jobs during the month, falling…
The US government has returned about $100 billion to businesses that paid Donald Trump’s “Liberation Day” tariffs.The amount includes duties and interest and covers more than half of the roughly $166 billion collected under tariffs later rejected by the Supreme Court. Customs had accepted $128.68 billion of potential and certified…
Arista Networks stock continued its strong rally in the premarket session, reaching a record high of $214, after publishing strong earnings and guidance. It has jumped by over 86% from its lowest level this year, giving it a market capitalization of over $250 billion. The question is whether this trajectory…
Zeta Global stock pared back some of its gains from earlier this week as investors booked profits following its earnings report. It retreated to $23 from this week’s high of $24.45. It remains about 65% above the lowest level this year, giving it a market capitalization of over $6 billion. Zeta…
Oracle stock has rebounded in the past few days as investors have rotated to technology names as the earnings season gains steam. ORCL jumped to $145 on Tuesday, up by 27% from its lowest level this year. So, is the stock a good buy as its CDS spread jumps to…
Cisco Systems stock is in a strong bull run this year and is the best-performing company in the Dow Jones Index. It has jumped by 60%, beating other top companies like Caterpillar, Travelers, Chevron, and Coca-Cola. This surge happened as the company became a major provider of AI infrastructure solutions.Cisco…
Broadcom stock has jumped to its highest level since June 4 as investors buy the dip in technology companies. AVGO jumped to $418, up by 17% from its lowest point in July and 45% above the year-to-date low. This article explains why the stock will continue rising and possibly move…
Investors seeking reliable income have no shortage of options today. For the most risk-averse, short-term bonds are currently offering annual yields of more than 4%, although they provide little to no potential for capital appreciation. This article explores why a portfolio combining Realty Income (NYSE: O), Energy Transfer (NYSE: ET), JPMorgan…