Category: Top Story

The U.S. dollar edged lower on Monday amid investor caution over a potential federal government shutdown, alongside anticipation of key economic reports later this week. By 05:35 ET (09:35 GMT), the U.S. dollar index, which tracks the currency against a basket of major peers, had slipped 0.2% to 97.92. Attention is now focused on Friday’s…

Stellantis (NYSE:STLA) announced on Monday that Joao Laranjo has been named the company’s new Chief Financial Officer. Laranjo will take over from Doug Ostermann, who resigned from the role for personal reasons, the automaker said in a statement. Despite the leadership change, Stellantis confirmed it is maintaining its financial guidance for 2025. Laranjo brings extensive…

AstraZeneca (NASDAQ:AZN) said on Monday it will transition to a direct listing on the New York Stock Exchange, replacing its current depositary receipt structure, in a move aimed at attracting a wider range of global investors. The company confirmed it will remain headquartered and listed in London. The announcement may ease concerns among UK investors…

BP (NYSE:BP) confirmed on Monday that it will advance a $5 billion offshore drilling project in the U.S. Gulf of Mexico, named Tiber-Guadalupe, reflecting the company’s strategic pivot back to its core oil and gas operations. The project is expected to begin production in 2030 and will feature a new floating platform capable of producing…

Gold reached record levels in early Asian trading on Monday as concerns over a potential U.S. government shutdown this week drove safe-haven demand, while expectations of lower interest rates added further support. Spot gold hit $3,812 an ounce, with December futures topping out at $3,839.05/oz. Other metals also advanced strongly, benefiting from a weaker dollar…

Oil prices retreated on Monday after crude shipments from Iraq’s Kurdistan region to Turkey resumed over the weekend, coupled with OPEC+ indications of an additional production increase in November, boosting global supply expectations. Brent crude futures fell 43 cents, or 0.6%, to $69.70 a barrel by 06:30 GMT, after hitting levels not seen since July…

Barclays has cautioned that the artificial intelligence sector, which has driven U.S. market valuations to record levels, could face headwinds if spending on data centers slows. In a note released Thursday, the bank said that while AI continues to be a strong investment theme, the sector is “exuberant, but not yet a bubble,” and highlighted…

The global economy is expected to slow over the next two years, as persistent trade tensions and policy uncertainty continue to dampen economic activity, according to the OECD’s latest Interim Economic Outlook released Tuesday. Worldwide growth is forecast to ease from 3.3% in 2024 to 3.2% in 2025, and further down to 2.9% in 2026,…