After a muted start to the week, gold and silver prices rose on Wednesday as risk-off sentiment dominated the market. Meanwhile, oil prices fell slightly amid weak economic data from top crude-importing countries, even as US inventories limited the losses. Base metals were mostly steady after a volatile start to the week as a firmer […]
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Following intensified attacks by Russia that caused widespread damage, Ukraine has restarted gas imports via a pipeline crossing the Balkan peninsula to Greece. This is to ensure its heating and electric systems can continue operating throughout the winter. The sustained and intensified campaign of Russian strikes against Ukraine’s natural gas infrastructure in October marked a […]
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By mid-August, both the S&P 500 and NASDAQ had hit a succession of fresh all-time highs as investors sloughed off concerns over the Trump administration’s tariffs. US tech continued to lead the pack with the top ten stocks in the S&P accounting for 40% of the index as measured by market capitalisation. Since the tariff […]
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Stocks fell broadly on Thursday, with the S&P 500 logging its fifth straight decline as technology names continued to face selling pressure and Walmart shares retreated after its quarterly results. The Dow Jones Industrial Average dropped 216 points, or 0.5%. The S&P 500 slipped 0.4%, while the Nasdaq Composite also shed 0.4%. Walmart shares slid […]
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US stocks gained on Friday ahead of Federal Reserve Chair Jerome Powell’s closely watched speech at the Jackson Hole policy symposium, with investors awaiting signals on the path of interest rates. The Dow Jones Industrial Average rose 297 points, or 0.7%, while the S&P 500 added 0.3%. The Nasdaq Composite was little changed, hovering near […]
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The Trump administration is broadening its search for partners to build the Golden Dome missile defence system, reaching out to Amazon.com’s Project Kuiper and major defence contractors as tensions with Elon Musk cast doubt over SpaceX’s continued dominance in the program, as per a Reuters report. The pivot marks a strategic shift away from reliance […]
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A fresh report has surfaced in the latest tender offer from Elon Musk’s SpaceX, suggesting that the billionaire entrepreneur may re-engage in US political advisory roles in the future, reported Bloomberg. According to documents reviewed by Bloomberg and sources familiar with the contents, SpaceX included new language indicating that Musk may again serve in political […]
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For the first time in three years, Elon Musk’s SpaceX has moved a significant portion of its Bitcoin holdings, sparking speculation across the crypto community. The transaction has raised questions about the company’s intentions and the broader implications for the digital asset market. SpaceX sends $153M in Bitcoin to a new address According to a […]
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London-based Nscale, backed by Nvidia, has struck a deal worth up to $14 billion with Microsoft to deploy roughly 200,000 Nvidia GB300 chips, marking one of the largest GPU infrastructure agreements in the global AI race. The partnership cements Nscale’s position as one of Europe’s fastest-growing data centre providers and strengthens its plans to go […]
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Bitcoin prices continued to slide under renewed macroeconomic pressure, despite dovish signals from the US Federal Reserve pointing to potential rate cuts later this year. The flagship cryptocurrency remained locked in a narrow trading band between $110,781 and $113,537, as the market held a cautiously optimistic tone. Across the broader market, total crypto capitalization struggled […]
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