Howard Lutnick, the Commerce Secretary, has so far defied predictions of his ouster, but his appearance in the recently released Jeffrey Epstein files has placed him in a difficult position. The situation was highlighted during a recent Senate hearing where the billionaire former CEO was pressed to explain a 2012 trip he took to the […]
Stocks fell and crude oil surged as an escalation in the Middle East conflict unsettled global markets, prompting investors to trim risk exposure and seek haven assets. The dollar strengthened in response to military action. Asian shares dropped significantly, while futures for major US indexes slid over 1%. Benchmark Brent crude oil surged as much […]
Gold prices retreated on Tuesday, pausing after a four-day rally that had been fueled by uncertainty over US trade policy and escalating tensions in the Middle East. The precious metal pared some of its earlier losses, which had seen it fall as much as 2.5%, finding some support from a weaker US dollar. This cooling […]
US stocks climbed higher on Tuesday, staging a recovery from steep losses as software stocks led the charge. The rally was fueled by renewed optimism around artificial intelligence, helping Wall Street shake off recent fears that rapid AI advances could disrupt large parts of the economy. The Dow Jones Industrial Average led the gains, rising […]
Apollo Global Management has moved to reassure its clients that its top executives did not have a relationship with the disgraced financier Jeffrey Epstein. This comes after the recent release of documents by the Justice Department named several employees, including Chief Executive Officer Marc Rowan. In a letter to clients, the firm stated that in […]
Gold prices dipped slightly in quiet trading, holding close to the significant threshold of $5,000 an ounce. The market saw limited activity as traders in China were away for the Lunar New Year holiday and U.S. markets were also closed. The precious metal fell by 0.9%, coming off a strong 2.4% gain from the previous […]
U.S. stocks moved higher as traders reacted to a cooler-than-expected inflation report. The core Consumer Price Index came in at 2.4% year-over-year, slightly below the forecast of 2.5%. Shares of Applied Materials surged to a record high after the company delivered an upbeat sales forecast. As the largest U.S. supplier of chip-making equipment, the firm […]
U.S. stocks were trending higher on Friday, though they remained on track for weekly losses as investors digested market movements. The trading session followed a day of heavy selling, largely driven by broader fears about potential AI disruption across various sectors. On the earnings front, Expedia Group reported fourth-quarter results that comfortably surpassed Wall Street’s […]
The fourth‑quarter earnings season is more than halfway over, and the S&P 500 is showing a strong earnings outlook. As of February 6, 59% of the companies in the index have already reported their results, and analysts now see a 13% rise in earnings per share for the quarter. If that pace holds, it would mark the […]
