Gold price continued its strong downward trend on Monday, reaching its lowest level since March 30th. It was trading at $4,545, down by nearly 20% from its highest point this year. This retreat continued as headwinds rose, even as Goldman Sachs analysts identified a major potential catalyst. Gold price drops as major headwinds emerge Gold… Continue reading Gold price drops as bond yields rise and Goldman Sachs flags key catalyst
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Top catalysts for the FTSE 100 Index this week
The FTSE 100 Index has retreated sharply in the past few weeks and underperformed its global peers like the S&P 500, Nasdaq 100, and Kospi. It ended last week at 10,195, down from the year-to-date high of 10,931. This article looks at the key catalysts that will drive the Footsie this week. FTSE 100 Index… Continue reading Top catalysts for the FTSE 100 Index this week
TVS Venu Group to acquire 5.64% stake in Jana Small Finance Bank
India’s Jana Small Finance Bank said on Monday that the TVS Venu Group, led by industrialist Venu Srinivasan, will acquire a 5.64% stake in the lender through the issuance of warrants worth 3.17 billion rupees ($32.9 million). The investment will be made through GWC Family Fund Investments, which is part of the TVS Venu Group.… Continue reading TVS Venu Group to acquire 5.64% stake in Jana Small Finance Bank
European shares fall as oil prices surge amid US-Iran tensions
European shares moved lower on Monday as rising oil prices and continued bond sell-offs heightened inflation concerns, while the absence of any breakthrough between the United States and Iran kept investors cautious. The pan-European STOXX 600 index slipped 0.7% to 602.52 points as of 0703 GMT, extending losses after ending the previous week in negative… Continue reading European shares fall as oil prices surge amid US-Iran tensions
Lumen targets AI-driven expansion in 2026 after 660% stock rebound
Lumen Technologies, once dismissed as a penny stock, is staging one of Wall Street’s most unexpected comebacks, with analysts pointing to its pivot into artificial intelligence (AI) connectivity as the driver of a 660% surge in its share price over the past two years, the Motley Fool said in a report. The company, long seen… Continue reading Lumen targets AI-driven expansion in 2026 after 660% stock rebound
Scottish Mortgage shares: set to surge ahead of Anthropic, SpaceX IPOs
Scottish Mortgage Investment Trust share price has been in a strong bull run this year, and this rally may gain momentum in the coming months, helped by some of its top constituent companies. SMT stock jumped to 1,513p, its highest level since November 2021, and by 138% from its lowest point in 2023, SMT share… Continue reading Scottish Mortgage shares: set to surge ahead of Anthropic, SpaceX IPOs
HSBC’s $4 billion China bet: is clean tech entering a new boom?
HSBC has launched a $4 billion credit facility aimed at helping mainland Chinese companies in sustainable and transition technologies expand internationally. The new programme, announced on Monday, is designed to support firms operating in sectors including renewable energy, electric vehicles, artificial intelligence and data infrastructure as China accelerates its push into global clean technology markets.… Continue reading HSBC’s $4 billion China bet: is clean tech entering a new boom?
Silver falls again: are Fed rate fears about to hit prices harder?
Silver extended its decline for a third consecutive session on Monday, with XAG/USD trading around $74.20 per troy ounce during Asian hours. Investors reacted to India’s surprise restrictions on silver imports, rising expectations of another Federal Reserve rate hike and weaker investment demand projections from UBS. The precious metal also came under pressure from a… Continue reading Silver falls again: are Fed rate fears about to hit prices harder?
Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down?
A crypto crash is happening today, May 18, with Bitcoin leading the charge, amid rising liquidations and bond yields. Bitcoin price dropped to $76,500, its lowest level in three weeks. Most altcoins were in the red, with Bitcoin Cash (BCH) falling by 7.30% and Terra Luna Classic (LUNC), Pi Network (PI), and World Liberty Finance… Continue reading Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down?