Author: Fiona Craig
-
U.S. Unemployment Benefit Claims Unexpectedly Down
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th. The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the…
-
Dow Jones, S&P, Nasdaq, Trade War Concerns May Spark Early Sell-Off On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a sharply lower open on Thursday, with stocks likely to see an initial sell-off amid concerns about a global trade following President Donald Trump’s tariff announcement. The steep drop by the futures comes after Trump delivered a highly anticipated…
-
Trump Tariffs Send Dollar Down As Economic Fears Are Stoked
The dollar (CCOM:DXY) slumped on Thursday morning, dropping 2.1% against a basket of trading partners’ curriencies. This puts it on track for its worst day since 2022. The fall has been caused by fears of lower growth following the sweeping tariffs that President Trump has levied against multiple countries. Franceso Pesole, an FX strategist at…
-
Gold Continues To Rise Past $3,120, Hitting All-Time Peak
Gold prices (PM:XAUUSD) have soared above $3,120 per ounce on Monday morning, fuelled by concerns about the potential economic fallout of U.S. President Trump’s tariff war together with geopolitical worries. A fresh wave of investments into the safe-haven of the gold market has boosted the price . The spot gold price hit its all-time high…
-
Dow Jones, S&P, Nasdaq, Steep Drops By FedEx, Nike May Weigh On Wall Street
The major U.S. index futures for the Dow Jones, S&P and Nasdaq are currently pointing to a lower open on Friday, with stocks likely to add to the modest losses posted during Thursday’s choppy session. The downward momentum on Wall Street comes amid ongoing concerns about the economic outlook along with rising geopolitical tensions and…
-
Gold Price Breaks Past $3,000 As Trump’s Tariff Mayhem Continues
After hitting an all-time high yesterday, the gold price (PM:XAUUSD) has now broken above $3,000. Markets continue to be driven downwards by President Trump’s tariffs – not just the tariffs themselves, but also the uncertainty of the continual changes, with policies being announced and then reversed. Yesterday, the major US markets all fell. The money…
-
Gold Price Hits All-Time High As Markets Spooked By Trump Tariffs
The gold price (PM:XAUUSD) rose today to hit an all-time high of 2,970.74, surpassing its previous record high in February. The price has been driven up by persistent worries about President Trump’s tariffs. Fears of an economic fallout from his aggressive trade policies have seen the major stock markets fall, with gold being seen as…
-
Gold Prices Hit Record High, Buoyed By Haven Demand On Trump Tariffs
Gold prices briefly hit a record high in Asian trade on Thursday, as threats of more trade tariffs from U.S. President Trump ignited demand for a safe haven. Spot gold rose 0.3% to $2,940.96 an ounce, briefly hitting a record high of $2,947.23 an ounce earlier in the session. Gold futures expiring in April rose…
-
U.S. Court Seizes More Than $1 Billion In Assets From Sam Bankman-Fried
The U.S. District Court for the Southern District of New York has issued a final order of forfeiture, stripping the former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, of a vast array of assets following his conviction for fraud. FTX collapsed in early November 2022 after concerns about its relationship with affiliated trading firm, Alameda…
-
EV Maker Nikola Bankrupt, Plans To Sell Assets
Electric vehicle manufacturer Nikola (NASDAQ:NKLA) has announced it has filed for Chapter 11 bankruptcy protection and plans a sale of its assets. This is the latest electric-vehicle company to run into trouble because of lukewarm demand, rapid cash burn and funding challenges. In recent years several EV makes that went public during the pandemic have…