Copper prices increased on Monday, with contract expiry-related position rolling by some traders overriding current concerns. This move helped the market temporarily disregard weak economic data and ongoing worries about China’s crucial property sector, which is the top consumer of the metal, according to a Reuters report. Copper prices experienced a volatile session on Friday,
The EUR/USD exchange rate held steady in the past few months, a trend that may continue in the coming months as top analysts predict a return to US dollar slide amid a divergence between the Federal Reserve and the European Central (ECB). It was trading at 1.1740, much higher than last month’s low of 1.1463.
Silver has dramatically outperformed gold this year, with prices surging by nearly 100% as of early December. The rally has been marked by sharp swings, driven by shifting economic signals and evolving trade tariff policies, and with high uncertainty persisting, ING Group anticipates further market volatility. The recent strength of silver is attributable to several
Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas project. The decision, affecting a commitment of up to $150 million for construction of Project Matador, marks the sharpest setback yet for the newly listed
Silver price refreshed its record high on Friday, proving that the rally was not just Fed-driven. With the persistent economic uncertainties and geopolitical risks, investors are seeking exposure in the white metal, which they expect to rally further. This sentiment has bolstered silver ETF inflows, with November marking its highest level since July. Besides, its
Cryptocurrencies performed relatively well on Friday as the value of all tokens increased by 3% in a day to $3.14 trillion. Amidst the improved sentiments, PYTH outperformed the broader market with a nearly 7% uptick on its daily chart. The digital token flipped bullish after Pyth Network revealed bold plans for its next growth phase.
Oracle stock (NYSE: ORCL) plunged 5% on Friday after Bloomberg reported that the cloud giant has pushed back the completion of several data centers being built for OpenAI from 2027 to 2028. The delay ignited fresh investor anxiety about Oracle’s $300 billion bet on AI infrastructure and its ability to convert aggressive capex spending into
Rivian Automotive Inc (NASDAQ: RIVN) rallied more than 15% today after the electric vehicles (EV) specialist showcased bold plans to accelerate its push into autonomous driving. At its inaugural “Autonomy & AI Day”, the company unveiled a proprietary autonomy processor, a full artificial intelligence (AI) driving stack, and a self-driving subscription service slated for 2026.
This week saw two of the most significant crypto headlines in Latin America, highlighting the region’s fast-changing digital-asset ecosystem. On the one hand, Banxico issued a strong warning about the systemic risks associated with stablecoins, signalling increased regulatory scrutiny in Mexico. HIVECO, on the other hand, created history by being the first Bitcoin-AI infrastructure company
Like a thrilling corporate drama, the battle for Warner Bros Discovery acquired a sensational new subplot last week when, not willing to let go, Paramount Skydance made a comeback with a $108.4 billion all-cash hostile bid for the studio powerhouse, just days after WBD had sealed a deal with Netflix. Paramount went straight to investors