Category: Latest News
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Gold Prices Jump as Investors Flock to Safe Havens After Israeli Strikes on Iran
Gold prices rallied sharply in early Friday trading in Asia, as escalating tensions in the Middle East triggered a wave of safe-haven buying. The surge followed a large-scale Israeli airstrike on Iranian military and nuclear targets, sparking fears of broader regional conflict. As of 10:50 p.m. ET, spot gold was up 1.5%, reaching $3,436.97 per…
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Oil Prices Surge Over 8% as Israeli Airstrikes on Iran Rattle Markets
Crude oil prices spiked sharply in early Asian trading on Friday after Israel launched a large-scale military assault on Iran, amplifying fears of a broader conflict in the Middle East that could disrupt global energy flows. As of 9:22 p.m. ET, July Brent crude contracts surged 8.5% to $75.15 per barrel—marking the highest level since…
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Dow Jones, S&P, Nasdaq, U.S. Markets Slide as Middle East Tensions Mount; Oil Soars, Boeing Hit by Crash Fallout
U.S. stock futures tumbled early Friday as geopolitical tensions flared following a large-scale Israeli airstrike on Iran. The move, which targeted multiple military and nuclear sites, sparked a sharp rally in oil prices and rattled investor confidence, contributing to a broad sell-off across markets. Futures Decline Amid Geopolitical Jitters By 3:45 a.m. ET, major U.S.…
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Tesla Hikes U.S. Prices for Model S and Model X by $5,000
Tesla (NASDAQ:TSLA) has increased the prices of its Model S and Model X vehicles in the United States, according to updates on the company’s official website. The Model S All-Wheel Drive (AWD) now starts at $84,990, a $5,000 jump from its previous price tag of $79,990. Similarly, the high-performance Model S Plaid has been raised…
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iPhone Sales Jump 15% Globally as Apple Leads in Chinese Market
Apple (NASDAQ:AAPL) saw a notable 15% increase in iPhone sales globally over April and May, reaching its strongest two-month performance since the onset of the COVID-19 pandemic, according to preliminary figures from Counterpoint Research. The tech giant secured the top spot in China’s smartphone market in May, underscoring a strong rebound in its two largest…
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U.S. Stocks Recover From Early Weakness To Close Modestly High
Stocks recovered from an early move to the downside to move modestly higher over the course of the trading session on Thursday. With the turnaround, the major averages largely offset the pullback seen during Wednesday’s session, with the Dow and the S&P 500 rebounding to three-month closing highs. The S&P 500 (SPI:SP500) ended the day…
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Gold Surpasses Euro as World’s Second-Largest Reserve Asset, Says ECB
Gold has overtaken the euro to become the world’s second most-held reserve asset—behind only the U.S. dollar—according to a new report from the European Central Bank (ECB). The shift reflects record central bank purchases and a sharp rise in gold prices. In its annual currency review, the ECB revealed that by the end of 2024,…
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Philip Morris Stock Reaches Record High of $183.96 on Strong Growth Momentum
Philip Morris International Inc. (NYSE:PM) hit a new all-time high, with its shares climbing to $183.96, marking a significant achievement for the global tobacco leader. The company boasts a hefty market cap of $285 billion and maintains robust gross profit margins close to 66%, underscoring its dominant position in the market. Over the past year,…
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Campbell Soup Shares Hit 52-Week Low Amid Market Challenges
Campbell Soup Company (NYSE:CPB) stock has fallen to a fresh 52-week low of $32.92, marking a sharp decline over the past year with a drop of 24.3%. This price level signals a notable pullback from previous highs, prompting analysts to weigh in with a range of price targets spanning from $32 to $62, suggesting the…
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Planet Labs Shares Surge After Winning Major NATO Contract
Shares of Planet Labs PBC (NYSE:PL) jumped 7% following the announcement that the company has secured a substantial contract with NATO valued in the seven-figure range. Under this agreement, Planet Labs will provide cutting-edge daily monitoring and intelligence services. The deal involves deploying a specialized platform that integrates Planet Labs’ PlanetScope Broad Area Monitoring technology…