Silver prices jumped to historic highs on Wednesday as the white metal topped the $90-per-ounce for the first time. Gold prices also hit record highs as tensions in the Middle East and concern over the US Federal Reserve’s autonomy boosted safe-haven purchases. Meanwhile, oil prices also rose sharply over concerns about disruptions in supply from
US stocks moved lower on Wednesday for a second consecutive session, extending a pullback from recent record highs as investors weighed a fresh batch of corporate earnings alongside delayed economic data that painted a mixed picture of inflation and consumer strength. The S&P 500 traded 0.5% lower, while the Dow Jones Industrial Average slipped 51
Bank of America (NYSE: BAC stock) delivered a solid beat on earnings and revenue for the fourth quarter, reporting diluted earnings of $0.98 per share, surpassing the consensus of $0.95-$0.98. The bank posted a revenue of $28.37 billion, above expectations of $27.3-$27.8 billion. The quarter showcased strength in trading and net interest income, alongside resilient
Amid geopolitical concerns stemming from escalating anti-government protests in Iran, oil prices continued their upward trend, marking a fourth consecutive session of gains during Asian trading on Tuesday due to fears of potential supply disruptions. Widespread anti-government demonstrations, marked by significant violence and reported heavy casualties due to a security force crackdown, are currently impacting
JPMorgan Chase has kicked off the latest US earnings season with an unexpected stumble in one of Wall Street’s biggest revenue lines. The bank’s investment-banking fees fell in the fourth quarter, even after it had signalled last month that the business was set for a small gain. The results still showed strength elsewhere, including stronger-than-expected
Delta Air Lines (NYSE: DAL) reported record full-year revenue of $58.3 billion and strong fourth-quarter results, yet shares plummeted 5% in premarket trading on Tuesday. The plunge came as the investors focused on disappointing 2026 guidance and margin signals that suggest the airline’s profit growth will significantly slow next year. The paradox reflects a earnings
ClearBank has selected digital asset infrastructure firm Taurus to support its expansion into stablecoin-related services, as the UK clearing bank looks to broaden its payments and digital asset offering for clients. The partnership centres on ClearBank using Taurus-PROTECT as its wallet infrastructure provider. The fintech said the setup is designed to help it deliver digital
Four oil tankers, all managed by Greek interests, sustained damage from unidentified drone strikes in the Black Sea on Tuesday. The incident occurred while the vessels were en route to the Caspian Pipeline Consortium (CPC) terminal, situated off the Russian coast, to take on oil cargo. The attack has been confirmed by eight separate sources
After 25 years of negotiations, the European Union and South America’s Mercosur group have reached a comprehensive trade agreement that is transforming regional economic and political dynamics, highlighting the limits of pressure tactics adopted by US President Donald Trump’s administration. Officials and observers believe the agreement demonstrates how South American governments are increasingly seeking diverse
US consumer inflation matched expectations in December, reinforcing market expectations that the Federal Reserve might keep interest rates on hold when it meets later this month. The Consumer Price Index for All Urban Consumers rose 2.7% in the 12 months through December, the US Bureau of Labor Statistics said on Tuesday, exactly in line with