GBP/USD Remains Steady Despite Unexpected Drop in UK GDP
GBP/USD shrugs as UK GDP unexpectedly declines The British pound has edged lower against the US dollar on Friday. GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. UK economy declines 0.1% in January The UK economy barely registered any growth in the second half of 2024, rising 0.1% in […]
Fundamentals of Gold Miners in Q4 2024
Stock image. The major gold miners are finishing reporting their best quarter ever! Lofty record gold prices combined with production growth and decent cost control to catapult unit profits to their highest levels ever witnessed. These wildly-bullish dynamics also fueled record revenues, bottom-line earnings, and operating cash flows. Gold-stock fundamentals have never been better, which […]
In the Immediate Future, Trade Wars Result in Losses for All Parties Involved
In the short term, everyone loses in a trade war Roughly six weeks from President Donald Trump’s inauguration was when the presidential honeymoon period seemed to end. Trump has stayed true to his campaign promise to levy tariffs on foreign goods imported from our country’s largest trading partners: Mexico, Canada and China. And while he […]
Trump-Induced Instability Attracts New Investors to Gold
Investors seeking shelter from political and economic volatility triggered by the new US administration are increasingly moving into gold exchange-traded funds, adding momentum to the market’s record rally. Since US President Donald Trump took office in January, his radical policy shift, including trade tariffs, comments he aims to annex Greenland and his unconventional approach to […]
New Zealand Dollar Rises Amid Strengthening Manufacturing Sector
New Zealand dollar climbs as manufacturing improves The New Zealand dollar is in positive territory on Friday. NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand’s manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 […]
Should You Consider Investing in the Magnificent Seven Now?
After leading the bull market higher for the better part of two years, the mega-cap tech stocks known as the Magnificent Seven have been among those hit hardest in the ongoing selloff roiling the US stock market. As a result, these formerly ultra-expensive stocks seem less pricey. Some even look cheap enough for Morningstar analysts […]
Global Markets Update: S&P 500 and Nasdaq Dive Up to 2% — Is a Major Correction Looming for the US Stock Market?
Global markets today: S&P 500, Nasdaq crash up to 2%; is a bigger correction coming in the US stock market? Hit by fears of a deeper trade war and its economic fallout, as well as a potential US government shutdown by the weekend, major Wall Street indices- the S&P 500 and the Nasdaq- crashed up […]
Square Financial Services Expands to Offer Cash App Borrowing Solutions
Square Financial Services to Service, Originate Cash App Borrow Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the company’s consumer loan product Cash App Borrow. SFS will begin servicing and originating Cash App Borrow loans nationwide in the coming […]
US Stock Market Enters Correction Phase
Stocks continued their slide on Monday, sending the Morningstar US Market Index into correction territory. Over the past few weeks, mounting anxiety surrounding tariffs, slowing economic growth, and the unwinding of the mega-cap growth trade have sent stocks sharply lower. In Wall Street lingo, a correction happens when stocks fall more than 10% from their […]
Bolivia’s New State Gold Trader Aims for $1 Billion in Purchases This Year
Stock image. Bolivia’s new state gold trading firm plans to quadruple purchases this year as a way of boosting reserves of the high-flying metal for the nation’s struggling central bank. Known as Epcoro, the company has already bought a ton of gold this year from small-scale Bolivian producers, compared with a total of 2.4 tons […]