Gold price soars to record high amid rate cut bets
The price of gold has soared to a new record high, reaching $3,622.50 per troy ounce on Monday, as market expectations for a US Federal Reserve interest rate cut solidify.…
UK borrowing costs reach highest level since 1998
The UK’s long-term government borrowing costs have soared to their highest level since 1998, putting immense pressure on Chancellor Rachel Reeves ahead of the autumn budget. The yield on 30-year…
Trump seeks to remove Federal Reserve governor in unprecedented move
US President Donald Trump has announced he is firing Federal Reserve governor Lisa Cook, a dramatic escalation in his long-running campaign to exert greater control over the nation’s central bank.…
India’s economy outpaces projections with strong Q1 growth, report finds
India’s economy is showing remarkable resilience, with a new report from the State Bank of India (SBI) suggesting a strong start to the financial year. The bank’s research arm projects…
European markets slide defence stocks lead losses
European markets experienced a downturn on Wednesday, reversing recent gains and leaving investors wary as a confluence of geopolitical developments and sector-specific concerns weighed on sentiment. The broad-based retreat was…
U.S. manufacturing sector shows unexpected weakness as tariffs impact supply chains
The U.S. manufacturing sector is facing a new period of contraction, according to data released this month, as the ripple effects of escalating tariffs on imports disrupt supply chains and…
Zoom gambles billions on home working continuing
Video Conferencing giant announces $14.7 billion takeover of Five9 In the same week as Apple announced it was delaying the return to office working of much of its workforce, Zoom…
United Airlines places largest ever order
United plans post-Covid recovery plan with an order for 270 Boeing and Airbus airliners Signs of a travel industry recovery were boosted this week when the US airline giant announced…
US consumer-price index soars 5% from a year ago
US records highest annual inflation rate for almost 13 years The month of May saw consumer prices continuing to rise steeply with a surge of 5% over last year. On…
3 hot stocks surfing a momentum wave
Many experienced investors will seek out stocks that have shown strong recent gains and are primed to keep going. These stocks have gained an “inertia” that is likely to keep…