US equity markets stumbled midday for the second consecutive session on Wednesday, with major indices retreating from their recent record highs as investors grappled with disappointing corporate earnings guidance. Moreover, escalating geopolitical tensions in Iran and an unexpected delay in the Supreme Court’s ruling on Trump’s tariffs also weighed on the sentiment. The S&P 500
Global markets were steadier on Thursday after a volatile prior session, with investors digesting easing geopolitical tensions, shifting equity leadership in the United States, and a series of policy and regulatory developments spanning currencies, crypto, and technology. Commodity prices pulled back from recent highs, while Asian equities were mixed. Meanwhile, Washington signaled further uncertainty regarding
The West Texas Intermediate crude oil prices slipped back below the $60 per barrel level as geopolitical tensions eased. Both oil benchmarks, WTI and Brent, fell more than 4% at one point during Thursday after US President Donald Trump announced that the killings of demonstrators during protests in Iran were ending. This alleviated concerns over
Most commodities were in the red on Thursday as the market took a breather from ongoing rallies in precious metals and oil. Gold prices fell after weaker economic data from the US strengthened the dollar, making the precious metal more expensive for overseas buyers. Silver prices also declined more than 1%, but stayed above the
Japan has restarted a nuclear reactor at the world’s largest atomic power plant for the first time since the 2011 Fukushima disaster, marking a significant milestone in the country’s long and cautious return to nuclear energy. Tokyo Electric Power Co. (Tepco) began restarting Unit No. 6 at the Kashiwazaki-Kariwa nuclear power plant in Niigata prefecture
Chocolate and cocoa giant Barry Callebaut announced Wednesday that it has named former Unilever CEO Hein Schumacher as its new chief executive officer, even as the company reported weaker-than-expected first-quarter results showing a decline in the sales volume of its cocoa products. The chocolate maker announced that its CEO, Peter Feld, will be stepping down
If tensions continue to escalate and the dollar remains weak, gold prices could soon hit the coveted $5,000 per ounce level, according to experts. On Wednesday, gold prices on COMEX hit a new record high of $4,890.35 per ounce, breaching the $4,800 mark for the first time ever. Safe-haven demand, fueled by increasing tension between
The “Sell America” trade gained a lot of steam back in April 2025, following Trump’s “Liberation Day” tariffs. Global markets were rattled and recorded some of the worst trading days since the pandemic. 2026 began with a lot of geopolitical tension, with Donald Trump once again being at the center of it all. In particular,
PayPal stock price continued its strong downward trend this week as it plunged to the lowest level since November 2023. It lost a crucial support level as sellers remained in control and the short interest rose to 4.8%. PayPal has become a fallen angel PayPal stock price has crashed in the past few years, mirroring
Next has agreed to buy the Russell & Bromley footwear brand out of administration for £3.8 million, securing the future of the 145-year-old name but leaving hundreds of jobs at risk as dozens of stores fall outside the deal. The British retailer, founded in 1879 in Eastbourne, has been struggling amid a tough trading environment