Author: Fiona Craig
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Hotel stocks: winners and losers as a weaker dollar reshapes earnings
A softer U.S. dollar is set to create an unusual earnings dynamic for global hotel and travel groups in the first quarter, with companies that generate a large share of revenue outside the United States likely to benefit. The current bout of dollar weakness follows a period of strength in early 2025, resulting in an…
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Bitcoin price today: slides to $77k, hovers near 10-month low as liquidations mount and Fed worries linger
Bitcoin (COIN:BTCUSD) hovered near its weakest levels since April on Monday, after a steep weekend sell-off dragged prices toward the $75,000 area. Heavy unwinding of leveraged trades and rising macro uncertainty continued to weigh on market sentiment. The largest cryptocurrency was last down 2.2% at $76,825.4 by 03:06 ET (08:06 GMT), after touching an intraday…
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Gold and Silver Extend Steep Selloff as Precious Metals Rout Deepens
The slide in precious metals showed little sign of easing, with gold prices continuing to fall sharply after last week’s shock driven by shifting expectations around future U.S. monetary policy. Spot gold dropped a further 4% in early trading to around $4,600 an ounce, following Friday’s 9% plunge. In just a handful of sessions, prices…
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Oil Prices Drop More Than 3% as US–Iran Dialogue Eases Risk Premium; OPEC+ Keeps Output Steady
Oil prices came under heavy pressure in Asian trading on Monday, sliding more than 3% as reports of renewed contacts between the United States and Iran prompted traders to unwind part of the geopolitical risk premium embedded in crude. The move was compounded by profit-taking after last week’s rally. The decline followed a weekend meeting…
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Futures Slide as Gold Selloff Deepens and Bitcoin Weakens — Markets in Motion: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures moved lower on Monday, with sharp declines in gold and silver weighing on sentiment ahead of a heavy week of high-impact corporate earnings and economic releases. Bitcoin also extended recent losses after slipping below the $80,000 mark over the weekend. Elsewhere, Oracle (NYSE:ORCL) detailed plans to raise fresh capital, while speculation over…
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Here’s when gold could reach $10,000, according to Yardeni
Gold’s powerful rally is being underpinned by what Yardeni Research describes as a broad-based “geopolitical risk-on trade,” with escalating global tensions pushing prices higher not just for gold, but across precious metals, base metals and rare earth elements. The research firm said it has been forecasting a sharp upside move in gold since early last…
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U.S. growth drivers look increasingly concentrated at start of 2026, UBS warns
The engines powering U.S. economic growth have become increasingly “narrow,” with significant portions of national output now described as “weak or contracting,” according to analysts at UBS. In a research note, UBS analysts including Jonathan Pingle and Alan Detmeister said the outlook for the U.S. economy through 2028 is heavily dependent on continued investment in…
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Is Gold Overtaking Bitcoin as the Preferred Hedge?
For years, Bitcoin (COIN:BTCUSD) supporters have promoted the cryptocurrency as “digital gold,” arguing that both assets serve as stores of value, generate no income and are inherently difficult to value. That comparison is now being re-examined as gold’s (PM:XAUUSD) rally accelerates and Bitcoin’s volatility remains pronounced. According to Yardeni Research, “both the cryptocurrency and the…
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Visa Shares Slip Even After Solid Q1 Beat
Visa Inc Class A (NYSE:V) delivered fiscal first-quarter results that came in ahead of expectations on Thursday, but the numbers were not enough to lift sentiment, with the stock down more than 1% in premarket trading on Friday. The payments group reported adjusted earnings of $3.17 per share, slightly above the $3.14 consensus forecast, while…
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Sandisk Shares Soar After Blowout FQ2 Results and Eye-Catching Outlook
Shares in Sandisk (NASDAQ:SNDK) jumped more than 20% in premarket trading on Friday after the data storage specialist delivered a fiscal second-quarter performance that far exceeded expectations and unveiled third-quarter guidance that caught the market off guard. For the quarter, Sandisk posted adjusted earnings of $6.20 per share, almost double the $3.49 forecast by analysts.…