Category: Latest News
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Dollar Weakens as Rate Cut Hopes Grow; Euro Nears Multi-Year High
The U.S. dollar eased on Monday, hovering close to its lowest levels seen in recent years, amid growing investor optimism over potential trade deals and expectations that the Federal Reserve may soon reduce interest rates. By 04:10 ET, the Dollar Index, which tracks the greenback against six major currencies, slipped 0.2% to 96.81—its weakest point…
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Gold Bounces Back as Dollar Slips, but Trade Optimism Limits Safe-Haven Appeal
Gold prices moved higher in early Asian trading on Monday, staging a modest rebound from a one-month low as a weakening U.S. dollar boosted demand. However, the recovery in the precious metal was tempered by easing geopolitical risks and growing optimism surrounding major trade developments. As of 02:00 ET, spot gold rose 0.5% to $3,290.25…
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Oil Prices Dip as Geopolitical Tensions Ease and OPEC+ Output Decision Nears
Crude oil prices declined in early Asian trading on Monday, as cooling tensions in the Middle East and anticipation of increased output from OPEC+ weighed on market sentiment. By 21:44 ET, Brent crude futures for August delivery slipped 0.8% to $67.20 per barrel, while West Texas Intermediate (WTI) dropped 1.1% to $64.77. Despite the recent…
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UBS Predicts U.S. Stock Market Recovery in Second Half of the Year, Raises S&P 500 Forecast
UBS, the Swiss financial services firm, expects U.S. stocks to rebound in the second half of the year and has raised its year-end forecast for the S&P 500 index. This outlook follows easing trade tensions between the U.S. and China, as well as ceasefires in the Middle East, which have helped calm global markets. Key…
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Nvidia Insiders Sell Over $1 Billion in Stock Amid AI-Driven Market Rally, FT Reports
Nvidia executives and insiders have sold more than $1 billion worth of company stock over the past year, according to a report from the Financial Times on Sunday. The sell-off coincides with a sharp rise in Nvidia’s share price, fueled by surging investor enthusiasm around artificial intelligence. The report notes that over $500 million of…
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Wall Street Analysts – Weekly Recap
AMD (NASDAQ: AMD) What happened?On Monday, Melius Research upgraded AMD to a Buy rating with a $175 price target. Summary:AMD is gaining momentum through strategic partnerships in the Middle East, while GPU sales are projected to grow significantly. Details:Melius highlighted AMD’s recent collaborations with Saudi Arabia’s HUMAIN and the UAE’s G42 as key growth drivers.…
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Wall Street’s Stunning Comeback Complete as S&P 500 and Nasdaq Hit Record Highs
The U.S. stock market surged to new record highs on Friday, capping a remarkable rebound after teetering near bear market territory just over two months ago. The S&P 500 rose 0.5% to close at a record 6,173.07, its first all-time high since February 19. The Nasdaq Composite also gained 0.5%, marking its first record close…
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S&P 500, Nasdaq Finish Wild Ride At New Record Closing Highs
After moving sharply higher early in the session, stocks saw considerable volatility over the course of the trading day on Friday. The major averages showed wild swings as the day progressed, although the S&P 500 and the Nasdaq still managed to end the day at new record closing highs. The major averages moved to the…
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Bitcoin Steadies as Markets Brace for Fed Shake-Up Amid Trump’s Powell Exit Rumors
Bitcoin held its ground on Friday as investors weighed the possibility of a significant shift at the Federal Reserve. Reports suggest that former President Donald Trump is considering replacing Fed Chair Jerome Powell, a move that could dramatically alter the central bank’s stance on interest rates and liquidity. Midweek, the Dow Jones Industrial Average surged…
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U.S. Stocks Rise as Investors Weigh Ceasefire, Trade Developments, and Inflation Data
U.S. stocks moved slightly higher on Friday, continuing recent gains driven by a stable ceasefire between Israel and Iran, as well as early signs that trade tensions may be easing. Investors also focused on the Federal Reserve’s preferred measure of inflation. As of 9:32 a.m. ET, the Dow Jones Industrial Average was up 120 points…