November 20, 2024
Walmart raises annual forecasts again, signals holiday shopping surge
Walmart raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world’s largest retailer continues to gain market share ahead of the holidays.
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November 19, 2024
Wall Street mixed as investors await Nvidia earnings
The Nasdaq and S&P 500 rebounded, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.
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November 19, 2024
Boeing to lay off over 2,200 workers in US states of Washington and Oregon
Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to latest filings posted, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce.
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November 19, 2024
Gold surges on softer dollar, Russia-Ukraine tensions
Gold prices soared, after six days of losses, as the U.S. dollar’s surge stalled and heightened uncertainty over the Russia-Ukraine conflict rekindled safe-haven demand. Spot gold jumped, moving away from a two-month low hit last week. The Gold-Dollar pair exploded 1.4% in the last session. The Williams indicator is giving a positive signal.XAU/USD exploded 1.4% […]
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November 18, 2024
Oil settles down 2% on weaker Chinese demand
Oil prices settled down more than 2% to end last week as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. China’s oil refiners in October processed 4.6% less crude than a year earlier. The Oil-Dollar pair plummeted 2.3% in the last session. The […]
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November 18, 2024
Nvidia results in focus as stock market’s election boost stalls
Nvidia’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and AI trade after an election-fueled rally. A nearly 800% run in shares of Nvidia over the past two years has propelled the company to the world’s top spot by […]
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