Tag: business

January 4, 2024

One of the world’s biggest supermarket chains said it would drop several PepsiCo products to protest what it called unacceptable price increases, a rare public standoff between a grocer and food maker after more than two years of rising prices. […]

January 3, 2024

A bearish report by crypto financial services company Martixport is said to be behind the sharp sell-off in Bitcoin. The report suggested that despite all the recent meetings between ETF applicants and SEC staff, and subsequent amendments, all applications will […]

January 2, 2024

Most Asian stocks fell on Wednesday, tracking steep overnight losses on Wall Street as markets second-guessed expectations for early interest rate cuts by the Federal Reserve, especially before more key economic cues this week. Concerns over slowing growth in China […]

December 29, 2023

Leaps in healthcare technology continue to benefit humankind: from the advent of the X-ray in the 19th century to dialysis, CT, MRI, and other machines in the 20th century, to a new breadth of digital tools in this era. Perhaps […]

December 28, 2023

Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the […]

December 28, 2023

Average house prices have been falling for much of the year but some areas are bucking the trend. High mortgage rates have pushed property demand down this year and house prices indices from Halifax, Nationwide and the Office for National […]

December 27, 2023

The burgeoning trend of zero-day options (0DTE) is gaining traction among Wall Street’s quantitative investment strategists (QIS), with major banks like Citigroup (C), JPMorgan (JPM), and UBS Group (UBS) incorporating them into their systematic equity products. These derivative contracts, which […]

December 27, 2023

The U.S. stock market exhibited a cautious stance as it hovered near all-time highs, reflecting a blend of optimism and apprehension among investors. The S&P 500’s proximity to its record level stirred a debate about the market’s next direction amid […]

December 26, 2023

Trading in forex or other financial assets necessitates a steadfast commitment to a carefully devised plan and effective risk management. This year, I learned first-hand that straying from a well-established strategy impulsively can lead to detrimental outcomes. My approach to […]

December 20, 2023

The rate at which house prices are falling has accelerated, the latest house price index from the Office for National Statistics (ONS) has found. In its latest index, the ONS revealed that the average house price dropped by 1.2% in […]

December 19, 2023

Large language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing artificial intelligence model configuration they […]

December 18, 2023

A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rallied sharply. The Fed voted last week to hold rates steady once again, and its updated projections […]

December 18, 2023

Every month we look at the most popular funds and stocks investors are buying, but what have been the most purchased investments throughout 2023? December may be a joyful month but it has been an uncertain year for the financial […]

December 14, 2023

The U.S. dollar, as measured by the DXY index, extended its retracement on Thursday, sinking below that 102.00 mark and reaching its lowest level since early August. This selloff was the result of the collapse in U.S. Treasury yields, triggered […]

December 14, 2023

Oil prices settled higher Thursday, buoyed by a Federal Reserve-induced slump in dollar and the International Energy Agency’s brighter outlook for demand next year. By 14:30 ET (19.30 GMT), the U.S. crude futures settled 3% higher at $71.58 a barrel […]

December 11, 2023

Whether it’s the “collective trauma” cited by the American Psychological Association (APA) or the bad “vibes” noted by internet analysts, there has been a clear break between the U.S. economy’s performance and public attitudes about it, according to new research […]

December 7, 2023

The South African rand gained traction against the USD this Thursday as a weaker dollar and broad-based commodity gains supported the Emerging Market (EM) currency. South African current account for Q3 (see economic calendar below) improved significantly but remains below […]

December 7, 2023

Gold prices (XAU/USD) moved with limited conviction on Thursday, swinging between small gains and losses as investors avoided taking large directional bets on the asset for fear of getting caught on the wrong side of the trade ahead of key […]

December 5, 2023

Gold has hit a new all-time high, thanks to a weakening US dollar and expectations that interest rates will be cut next year. The yellow metal reached a record high on 4 December) at the start of Asian trading, touching […]

December 5, 2023

The US Department of Energy has stepped up efforts to refill its stockpile after a record withdrawal last year to control inflation. The DoE is now due to receive 4 million barrels back into its reserves by February instead of […]