Alibaba Group Holding Ltd. has taken a series of measures aimed at consolidating its position in the AI development boom in China, and its share price has risen by the largest margin in about two weeks. The shares of this e-commerce giant rose by more than 7% in early trading in Hong Kong, following the […]
Israel’s attack on Hamas in Qatar was rarely publicly criticized by Donald Trump, who emphasized the risk that the Gaza war could deteriorate further before it gets better. The break between the US President and Israeli Prime Minister Benjamin Netanyahu on Tuesday left many outstanding questions. Trump said that when he learned of the attack, […]
The U.S. agricultural trade deficit widened further in July, highlighting the challenges President Donald Trump faces in reversing this trend. Data released by the U.S. Department of Agriculture on Monday showed that agricultural exports lagged behind imports by $4.97 billion in July, with the gap widening by 9% compared to the same period last year, […]
Respondents to the New York Federal Reserve Bank’s monthly survey said that job seekers’ prospects have deteriorated sharply. For those currently unemployed, the prospects of finding a new job within three months in August dropped by nearly 6 percentage points to the lowest level since the New York Fed began asking this question in 2013. […]
Following the prolonged slump in European long-term bonds, US Treasuries also came under pressure, with the yield on 30-year Treasuries rising back to 5% at the beginning of this month. This marks the most challenging period in history for long-term bonds. Late Tuesday, benchmark yields rose about 4 basis points at the long end of […]
Despite the huge shock that US Treasuries endured in the first few months of Donald Trump’s tumultuous second term, the market performed well, while government bonds from the UK to Japan were battered by intensifying fiscal concerns. The yield on the 10-year US Treasury note has dropped by more than a third of a percentage […]
President Donald Trump’s attacks on the Federal Reserve could fuel inflation, dampen investment and erode confidence in the US economy. For gold bulls, this is an alluring prospect that has underpinned the metal’s record rally and made it one of the year’s hottest assets. This week, gold prices broke through $3,500 per ounce, hitting a […]
As market expectations are that the Federal Reserve will cut interest rates this month, it has boosted investors’ interest in precious metals. The trading price of silver has broken through $40 per ounce for the first time since 2011. Spot silver rose as much as 1.4% on Monday to $40.2920 an ounce, up more than […]
Gold prices hit a record high, injecting new momentum into the precious metal’s years-long rally, amid expectations of interest rate cuts by the Federal Reserve and growing concerns about the future of central banks. Spot gold rose as much as 0.9% to $3,508.73 an ounce, surpassing the previous high set in April, but gave back […]
A federal appeals court ruled that President Trump illegally imposed global tariffs under the emergency law, and the legal disputes triggered by this move are deepening, further intensifying the chaos in global trade. On Friday evening, a panel of Washington judges ruled by a 7-4 vote, a major setback for Trump, although it gave both […]