Saudi Arabia’s Public Investment Fund (PIF) reported a 60% decline in net profit for 2024, despite its total assets surpassing the $1 trillion mark. The drop was attributed to rising interest rates,
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Nvidia executives have sold over $1 billion worth of company shares in the past year, with over $500 million of those sales happening in June alone. This wave of selling comes as
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The US dollar rebounded against the euro on Friday after comments from President Donald Trump sparked risk aversion and market uncertainty. Trump announced that trade negotiations with Canada were over and suggested
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Markets and the Federal Reserve are increasingly out of sync over the path of interest rates, partly due to speculation that Fed Chair Jerome Powell will be replaced by someone more dovish.
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JPMorgan analysts are warning that U.S. trade policies may trigger a significant drag on global economic growth and potentially reignite domestic inflation pressures. In their latest mid-year outlook, the bank forecasted a
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Uber Technologies is expanding its partnership with Alphabet’s Waymo to introduce autonomous ride-hailing in Atlanta, Georgia. The move follows a March rollout in Austin, Texas, and marks another major milestone in Uber’s
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Oil prices dropped sharply on Monday as fears of a major disruption in the Middle East began to fade. Brent crude futures fell $5.53, or 7.2%, closing at $71.48 per barrel. Meanwhile,
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Bitcoin reclaimed the $106,000 mark on Monday after briefly falling below $98,500 on Sunday. This drop marked the first time in 45 days that Bitcoin slipped under the $100,000 level. The sudden
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U.S. markets opened the week on a strong note as investor optimism over potential interest rate cuts by the Federal Reserve outweighed rising geopolitical tensions in the Middle East. All three major
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Markets are bracing for turbulence following the United States’ airstrikes on Iranian nuclear facilities, with investors expecting a spike in oil prices and increased demand for safe-haven assets. The attack, ordered by
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