November 26, 2024
Gold tumbles over 3% on reports of Israel-Hezbollah ceasefire
Gold prices plunged over 3%, breaking a five-session rally to its highest in nearly three weeks, as reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump’s nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal’s safe-haven appeal. The Gold-Dollar pair plummeted 3.8% in the last session. The CCI is […]
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November 25, 2024
Amazon doubles down on AI startup Anthropic
Amazon pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative AI technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude.
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November 25, 2024
Black Friday puts consumer spending in market’s glare
Global stocks registered a strong weekly gain while U.S. The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicked off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in […]
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November 25, 2024
Tether mints an additional $3 billion in USDt stablecoins
Stablecoin issuer Tether minted an additional $3 billion in USD tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets – particularly Bitcoin as it approaches the $100,000 price level.
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November 21, 2024
Gold gains for third consecutive day on escalating Russia-Ukraine tensions
Gold prices climbed for a third consecutive session to mark a one-week high, as investors sought refuge in the safe-haven metal amid mounting geopolitical unease fuelled by escalating Russia-Ukraine tensions. The last session saw the Gold rise 0.5% against the Dollar. The Stochastic-RSI is giving a positive signal.Support: 2591.2 | Resistance: 2700.7
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November 21, 2024
Apple makes $100 million investment proposal for new plant in Indonesia
Apple has made a $100 million investment proposal to Indonesia to build a plant to manufacture accessories and components, the industry ministry said. The proposal comes after Indonesia banned sales of Apple’s iPhone 16 over the firm’s failure to meet local rules on components. Apple’s stock dropped 0.6% in the last session. The Williams indicator […]
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