Gold poised for sixth week of gains on safe-haven demand
Gold prices rise, marking six weeks of gains, due to increasing U.S.-China trade tensions. Spot gold reaches a record high, while experts cite uncertainty around Trump’s tariff policies. Factors like China’s gold holdings growth and a new investment program contribute to the surge. A mixed U.S. job report influences the Federal Reserve’s rate decisions.
Oil prices set for 3rd straight weekly fall on tariff concerns
Oil prices rose on Friday as new sanctions were imposed on Iran’s crude exports, but they fell over the week due to concerns over U.S. President Trump’s trade war with China and potential new tariffs on other countries. Brent crude finished at $74.66, while WTI settled at $71.00 a barrel.
Wall St slides, Treasury yields rise on mixed data, renewed tariff threats
Wall Street ended sharply lower on Friday due to mixed U.S. payrolls data, weak consumer sentiment, and revived trade war concerns. Major U.S. indexes fell steeply after President Trump’s announcement of new tariffs, while Treasury yields and the dollar rose amid the market turmoil and disappointing tech sector earnings.
FTSE 100 eases from record high on tariff uncertainty, weak US jobs data
UK stocks dipped on Friday as tariff uncertainties and weaker-than-expected US jobs growth impacted investor sentiment. The FTSE 100 fell by 0.3%, easing from a record high set on Thursday. Despite the Bank of England’s recent rate cut, economic growth forecasts have been halved, with inflation projected to nearly double the 2% target this year.
US stocks close lower on trade war escalation, weak data
U.S. stock indexes closed lower as President Trump announced upcoming reciprocal tariffs on multiple countries, following weak jobs data and consumer sentiment. The Dow fell 444.23 points, and all S&P 500 sectors traded lower. Strong earnings reports had offset a weak start earlier in the week. The Fed may delay interest rate cuts amid slowing […]
Affirm soars as strong holiday shopping powers BNPL lender’s surprise profit
Affirm’s shares surged by 19.5% following a strong holiday shopping season that resulted in a surprising quarterly profit and optimistic annual revenue forecast. Increased use of BNPL services contributed to a $10.1 billion rise in gross merchandise volume, exceeding analysts’ expectations. The company’s revenue also grew significantly, and it projected higher-than-expected fiscal 2025 revenue.