Category: Top Story

Deutsche Bank said Tuesday that it expects both bitcoin and gold “will likely feature on central bank balance sheets by 2030,” as global monetary authorities adapt to a rapidly changing financial environment shaped by a weaker U.S. dollar and increasing geopolitical uncertainty. In its report titled “Gold’s reign, Bitcoin’s rise,” the bank highlighted that “Bitcoin…

Shares of Mycronic AB (USOTC:MYCRY) slid 10.7% on Friday following a bearish call from Bank of America, which began coverage of the Swedish electronics manufacturing equipment maker with an underperform rating. Bank of America analysts said that Chinese demand for display mask writers — one of Mycronic’s core product lines — “has reached its peak,”…

Shares of Elastic N.V. (NYSE:ESTC) jumped more than 10% in premarket trading after the company raised both its revenue and margin outlook during its Investor Day. Analysts at Barclays and RBC Capital Markets praised the company for successfully balancing product innovation with a cautious financial strategy. Barclays said Elastic struck the “right balance between product…

Bank of America (BofA) said Monday that investor conviction in shorting the U.S. dollar has fallen to its weakest level since Liberation Day, according to its latest market analysis. The bank emphasized that the drop in conviction was not the result of concerns over existing USD positions, which it said remained “largely contained.” This development…

Tesla, Inc. (NASDAQ:TSLA) recorded a 2.8% year-on-year increase in total vehicle shipments from its China operations in September, reaching 90,812 units, according to Bloomberg L.P. calculations based on preliminary data from the China Passenger Car Association. Compared with August, Tesla’s shipments rose by 9.2%, reflecting steady demand momentum in the world’s largest electric vehicle market.…

Levi Strauss & Co. (NYSE:LEVI) boosted its full-year revenue and earnings forecast after reporting solid third-quarter results, driven by strong demand for its denim products and continued momentum in its direct-to-consumer segment. Despite the upbeat guidance, Levi’s shares dropped 6.7% in pre-market trading on Friday, with Morgan Stanley analysts noting the upgrade “came with disappointing…

The euro and the yen posted slight gains against the U.S. dollar on Friday but remained on course for significant weekly losses, as traders assessed mounting political uncertainty in France and reduced expectations of a near-term rate hike in Japan. At 05:27 ET (09:27 GMT), the euro edged up to $1.1571, recovering marginally after a…

Gold prices retreated on Friday, sliding below the key $4,000-per-ounce level, as investors booked profits following the announcement of a ceasefire between Israel and Hamas. The metal faced sharp overnight losses and remained under pressure during Asian trading hours. A firmer U.S. dollar added to the downward momentum, supported by growing uncertainty over the Federal…

Oil Prices Slip as Geopolitical Risk Premium Fades After Gaza Ceasefire Oil prices edged lower on Friday, extending losses from the previous session, as easing geopolitical tensions reduced the market’s risk premium following a ceasefire agreement between Israel and Hamas aimed at ending the Gaza war. As of 06:36 GMT, Brent Crude futures were down…