Gold Prices Decline as Investors Cash In Amid Fed Rate Cut Uncertainty
Gold prices dropped by 0.3% to $2,344.20 per ounce on Tuesday as investors took profits after a recent rally, influenced by a reduced likelihood of Federal Reserve rate cuts. Despite the decline, gold remained on track for a fourth consecutive month of growth. The market is now awaiting key U.S. inflation data. The drop follows […]
Ancient 2,300-Year-Old Gold Ring Unearthed in Jerusalem
Archaeologist Tehiya Gangate discovered a 2,300-year-old gold ring in Jerusalem while working at the Givati National Archaeology Park. The well-preserved ring, set with a red stone, likely belonged to a child from the Hellenistic period. The Israel Antiquities Authority and Tel Aviv University noted that the ring, dating to around 300 BC, reflects the increased […]
Everything You Need To Know As Trump Trial Heads To Verdict
Everything You Need To Know As Trump Trial Heads To Verdict As lawyers in the criminal trial of former President Donald Trump prepare to deliver their summations today, and the jury makes ready to begin deliberating as soon as the middle of the week, speculation runs high as to whether proceedings will end in an […]
Futures Rise On Apple China Sales Rebound As Attention Turns Back To Inflation
Futures Rise On Apple China Sales Rebound As Attention Turns Back To Inflation Stocks traded in a narrow range as markets reopened in the US and Europe with investors putting (a stronger than expected) Q1 earnings season in the history books, and looking to Friday’s core PCE print prints and central bank speakers for hints […]
Apple iPhone Shipments In China Rebound 52%, Market Share Loss To Huawei May Be Stabilizing
Apple iPhone Shipments In China Rebound 52%, Market Share Loss To Huawei May Be Stabilizing Apple’s sliding iPhone market share in China, pressured by competition from Huawei, may finally be stabilizing. New shipment data from the world’s largest handset market indicates that iPhones staged a 52% rebound in April, supported by aggressive price cuts to boost demand […]
Elon Musk’s xAI Raises $6 Billion To Accelerate AI Race Against OpenAI
Elon Musk’s xAI Raises $6 Billion To Accelerate AI Race Against OpenAI Elon Musk’s AI startup, xAI, announced early Monday morning that it had raised $6 billion from investors in a Series B fundraising round. This funding will accelerate its artificial intelligence development as the AI tech war with OpenAI intensifies. Some key investors were Valor Equity Partners, Vy […]
Traders Starting To Price Out ECB Rate Cuts… And Rightly So
Traders Starting To Price Out ECB Rate Cuts… And Rightly So Authored by Ven Ram, Bloomberg cross-asset strategist, Market pricing on the European Central Bank’s rate trajectory for the year is now a lot more realistic, but still has room to mellow. After factoring in as many as three reductions just days ago (and almost seven cuts […]
Nvidia Is Worth More Than All Of These Companies Combined
Nvidia Is Worth More Than All Of These Companies Combined Nvidia’s massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company? To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major […]
Oil’s Fate Hinges On OPEC+ Hanging Tough
Oil’s Fate Hinges On OPEC+ Hanging Tough By Jake Lloyd-Smith, Bloomberg Markets Live reporter and strategist The global oil market is in OPEC+ walk-up mode. That should keep prices supported this week ahead of the (now online) gaggle, which falls on June 2. After that, price direction hinges on the immediate fallout from the meeting, plus […]
UK’s Sunak Vows Mandatory Conscription For 18-Year-Olds If Elected
UK’s Sunak Vows Mandatory Conscription For 18-Year-Olds If Elected In another ominous sign of things to come, leading Western governments appear to be preparing for ‘something big’ at a moment the proxy war between Russian and NATO centered in Ukraine is escalating at uncontrollable pace. “Rishi Sunak has vowed to introduce mandatory national service for […]