Year: 2024

Gold prices dipped in Asian trading on Friday, showing little recovery despite a pullback in the dollar following the Federal Reserve’s interest rate cut. Markets were also processing the implications of a potential second Donald Trump presidency.  The yellow metal had been pressured earlier in the week by a sharp…

US stock index futures rose on Thursday, building on the positive momentum following Donald Trump’s victory in the 2024 presidential election, with attention now turning to the upcoming Federal Reserve meeting. As of 06:20 ET (11:20 GMT), Dow Jones Futures were up by 75 points, or 0.2%, S&P 500 Futures…

The U.S. Federal Reserve is expected to cut its benchmark policy rate by 0.25 percentage points at the conclusion of its meeting on Thursday, but the move could seem secondary in light of the uncertain economic landscape the central bank will likely face under a second Trump administration. Donald Trump’s…

Wizz Air reported a larger-than-expected decline in first-half net profit on Thursday, primarily due to ongoing issues with engine inspections that grounded its Airbus fleet and the impact of the Middle East conflict. The airline, which operates an entirely Airbus fleet, has faced disruptions linked to Pratt & Whitney in …

Lyft raised its full-year guidance on Wednesday after reporting third-quarter revenue that surpassed analysts’ expectations. Shares of LYFT Inc. (NASDAQ: LYFT) surged more than 20% in premarket trading on Thursday. For the quarter ending September 30, Lyft posted a loss of $0.03 per share, in line with analyst forecasts, but…

Citi analysts believe Japanese stocks, which have underperformed their global counterparts recently due to rising political uncertainty and an unclear outlook for the Bank of Japan, are now attractively priced.  Despite these challenges, Citi expects a rally in the Japanese market through the end of the year, driven by strong…

DBS Group, Singapore’s largest bank, reported a record net profit for the third quarter on Thursday but forecast that 2025 profits would fall below 2024 levels due to the introduction of a global minimum corporate tax rate in Singapore. For the July-September period, DBS’s net profit jumped 15% to S$3.03…

A prominent British think tank warned on Wednesday that the UK’s already sluggish economic growth could be slashed by more than half if Donald Trump wins the U.S. presidential election and enforces sweeping import tariffs. In its latest report, the National Institute of Economic and Social Research (NIESR) painted a…

A prominent British think tank warned on Wednesday that the UK’s already sluggish economic growth could be more than halved if Donald Trump wins the U.S. presidential election and enacts broad import tariffs. In its latest report, the National Institute of Economic and Social Research (NIESR) painted a grim outlook…

BMW reported a 61% drop in third-quarter profit on Wednesday, falling short of analyst expectations due to weak sales in China and issues with its brake systems. However, the automaker reaffirmed that it remains on track to meet its revised full-year financial targets. In a statement, BMW CEO Oliver Zipse…