Global markets opened the week under pressure as investors reacted to escalating political tensions in the United States, fresh uncertainty over central bank independence, and a series of geopolitical and political developments spanning Asia and Europe. Moves in currencies, equities, and commodities reflected growing unease, while attention also turned to…
Meta Platforms Inc. said it has removed almost 550,000 accounts in Australia to comply with the new rules. The action covers multiple Meta-owned platforms and was disclosed in a company blog post outlining its initial response to the legislation.Australia’s decision to bar children from mainstream social media is moving from…
The Dow Jones Index futures retreated by over 250 points as investors reflected on major events, including the latest subpoena on the Federal Reserve and the upcoming corporate earnings and consumer inflation numbers. It retreated to $49,258, down from the all-time high of $49,500. Dow Jones Index futures slip as concerns…
The S&P 500 Index and its ETFs, like the SPY and VOO, will have a highly volatile week as investors react to several potential catalysts, including macro data, geopolitical events, and earnings. The index, which tracks the biggest companies in the United States, was trading at a record high of…
Xpeng Inc. is preparing the ground for a potential stock market debut of its flying car business, reported Bloomberg, citing sources. This will mark a fresh step in the Chinese electric vehicle maker’s push beyond traditional automobiles.The company has quietly begun work on a possible initial public offering of its…
Heineken’s share price fell more than 4% on Monday after chief executive Dolf van den Brink said he would step down at the end of May, marking a leadership change at a difficult juncture for the world’s second-largest brewer.Van den Brink, a company veteran who joined Heineken as a management…
Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell, escalating a long-running conflict between the US central bank and President Donald Trump and raising fresh questions about the Fed’s independence.The New York Times first reported the probe. In a video and written statement released Sunday evening,…
Malaysia and Indonesia have blocked access to Elon Musk’s artificial intelligence chatbot Grok, citing concerns that the tool is being used to generate non-consensual, sexually explicit, and obscene content, including material involving women and children. The coordinated action over the weekend marks the first known bans of the AI tool…
Gold and silver continued their merry run from last year as prices reached fresh record highs on Monday. Investors flocked to bullion as safe-haven demand increased due to ongoing geopolitical tensions. Growing bets that the US Federal Reserve will further cut interest rates this year also boosted sentiment among investors. Lower interest rates…
Global markets opened the week under pressure as investors reacted to escalating political tensions in the United States, fresh uncertainty over central bank independence, and a series of geopolitical and political developments spanning Asia and Europe. Moves in currencies, equities, and commodities reflected growing unease, while attention also turned to…