US consumer prices rose moderately in February, suggesting inflation remained contained before a recent surge in energy prices triggered by the conflict involving Iran, according to government data released on Wednesday.The Consumer Price Index increased 0.3% in February after rising 0.2% in January, the Labor Department’s Bureau of Labor Statistics…
The markets in Europe delivered mixed signals on Wednesday as investors remained on edge amid escalating war, regulatory breakthroughs, and warnings from the central bank.The biggest development came from the fintech space as Revolut secured a long-awaited UK banking license.But the tensions remained high as the European Central Bank cautioned…
Uncertainty continued to linger in the global markets on Wednesday as the US-Israel-Iran conflict entered its 12th day.The International Energy Agency said it would release 400 million barrels of oil from strategic reserves as the Iran war disrupts energy flows.In technology, Elon Musk introduced “Macrohard,” a Tesla-xAI project aimed at…
Volkswagen will cut 50,000 jobs in Germany by 2030, following a sharp decline in profits and mounting pressure from US tariffs, weaker demand in China and North America, and higher costs associated with electrification.Europe’s largest automaker said the reductions will span the entire group, including Audi and Porsche, and form…
After a dramatic Monday, when US stocks witnessed some sharp swings, the markets calmed down on Tuesday with the indices trading in the flat territory. Tuesday seemed all about consolidating gains, watching data, and waiting. The Dow Jones Industrial Average closed 34 points down at 47,706.51, while the S&P 500…
Oracle has given Wall Street a turbulent ride over the past six months.The stock surged 36% after its first-quarter results, only to tumble 12% following the second quarter, even though revenue beat expectations.Now, with third-quarter results released after Tuesday’s close, Oracle is making its case again.Early signs suggest the market…
The Australian dollar, local bonds, and the ASX Composite are rising this month as the country becomes an unusual haven among investors. The AUD/USD exchange rate jumped to its highest point since 2022, while the ten-year government bond yields dropped from this week’s high of 5% to the current 4.80%. Similarly, the…
US President Donald Trump said the United States will see its first new oil refinery built in five decades, backed by investment linked to India’s Reliance Industries.Trump announced the project in a post on Truth Social, saying the refinery will be located in Brownsville, Texas, and developed by America First…
D.A. Davidson’s senior analyst Gil Luria continues to see Oracle (NYSE: ORCL) as exceptionally cheap at about 25x forward earnings, despite an 8% rally after Q3 earnings late on Tuesday.Oracle came in handily above Street estimates in its third financial quarter and cited solid artificial intelligence (AI) tailwinds as it…
On Wednesday, Oil prices fluctuated as policymakers discussed emergency measures to stabilize energy markets, while Asian equities rebounded after a brief retreat in crude prices. At the same time, US President Donald Trump announced plans for the first new American oil refinery in five decades, and disruptions to Qatar’s LNG…