Month: November 2024

Dogecoin extends gains after Trump forms DOGE  Meme token Dogecoin rose on 9.1% to $0.394493 on Thursday, extending recent gains and remaining close to its strongest level since May 2021.  Traders speculated whether Trump’s DOGE agency was a reference to the meme token, and whether it would entail any official recognition of…

Cross-border challenges are contributing to the widening gap in economic output between Europe and the U.S., a trend that has been accelerating since the 1990s, according to a study by the International Monetary Fund (IMF). The IMF report shows that the European Union’s GDP per capita, adjusted for purchasing power…

Gold prices fell to near two-month lows on Thursday, pressured mainly by a stronger dollar after U.S. inflation data showed persistent price pressures. Investors are also awaiting further signals from the Federal Reserve, adding to the caution in markets. In industrial metals, copper prices dropped to a three-month low due…

The U.S. dollar revisited a one-year high against major currencies on Thursday, posting a fourth consecutive session of gains driven by momentum from Donald Trump’s election victory, which overshadowed increased expectations for Federal Reserve easing. Bitcoin also surged to a new record high of $93,480 overnight and was climbing back…

Amgen (NASDAQ: AMGN) saw its shares rise in premarket U.S. trading on Wednesday after the company clarified that its experimental obesity drug, MariTide, was not linked to any changes in bone mineral density. The stock had fallen more than 7% in the previous session, following a report from Cantor Fitzgerald…

Amazon.com and IKEA, along with around three dozen other companies that rely on ocean freight, will open bidding in January, inviting shipping firms to compete for contracts to transport their cargo on vessels powered by near-zero emissions e-fuels like e-methanol. This collective, known as the Zero Emissions Maritime Buyers Alliance,…

US stock futures slipped on Wednesday, as investors await crucial inflation data that could influence the Federal Reserve’s approach to its upcoming interest rate decision. Following a pause in the post-election rally, futures pointed to a lower open.  As of 03:42 ET (08:42 GMT), Dow futures were down by 117…

Spotify released its third-quarter financial results on Tuesday, falling short of Wall Street expectations. However, the Swedish audio streaming leader’s enhanced profit margins, achieved through cost-cutting measures, garnered more attention. Shares of Spotify Technology SA increased by approximately 7% in premarket trading on Wednesday. For Q3, the company reported earnings…

Preview of the Day in European and Global Markets by Kevin Buckland On Wednesday, the diverse market bets tied to incoming U.S. President Donald Trump’s anticipated policies—known as “Trump trades,” involving significant fiscal spending, tax cuts, and higher tariffs—paused, with traders refocusing on economic indicators. Since last week’s election, the…

Japan’s Seven & i Holdings is considering a management buyout to take the company private in a deal potentially worth up to $58 billion, according to Bloomberg News on Wednesday. Meanwhile, the Nikkei newspaper reported that the 7-Eleven owner is exploring an MBO valued at over 6 trillion yen (approximately…