GBP/USD rebounds amid trade tensions and economic data
The British Pound (GBP) kicked off the week with a modest rally against the US Dollar (USD) on Monday, clawing…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
China’s export curbs on critical minerals raise alarms for global automakers
Automakers worldwide voiced concerns alongside US manufacturers on Tuesday regarding China’s dominance over critical minerals, Reuters reported. The companies warned…
China plans major Airbus deal before EU leaders’ visit, report says
China is in advanced discussions to place a major order for Airbus SE aircraft, with a deal potentially timed to…
Putin’s war economy gamble: how long can Russia sustain the cost?
Russia’s economy has not collapsed under pressure. At least not yet. GDP still grows. Wages have risen. Western sanctions failed…
Wells Fargo shares rise as asset cap removal sparks deposit and trading boost
The US Federal Reserve has removed a long-standing asset cap on Wells Fargo & Co., ending one of the harshest…
Gold’s technical setup indicates bullish outlook as traders await economic cues
Fueled by a softening dollar and renewed trade friction between the US and China, gold prices saw an uptick Wednesday,…
Iran rejects US nuclear offer as uranium standoff deepens
Ayatollah Ali Khamenei, Iran’s Supreme Leader, asserted on Wednesday that halting uranium enrichment is definitively against the nation’s interests, according…
Needham downgrades Apple on weak iPhone cycle, AI lag and overvaluation concerns; share falls
Apple Inc. extended its slide in early trading on Wednesday, after investment firm Needham became the latest to downgrade the…
CrowdStrike stock sinks as forecast disappoints and IT outage impact lingers
CrowdStrike Holdings Inc. shares slid almost 6% on Wednesday, after the cybersecurity firm forecast revenue for the current quarter that…