by Jibran Munaf | November 16, 2024 | Markets, Stocks & Bonds
US stocks declined sharply on Friday, capping off a week of significant losses as Federal Reserve Chair Jerome Powell hinted at a more cautious approach to future interest-rate cuts. The S&P 500 (^GSPC) fell 1.3%, the Dow Jones Industrial Average (^DJI) slipped...
by Jibran Munaf | November 15, 2024 | News
SpaceX, led by Elon Musk, is preparing to launch a tender offer in December, offering existing shares at a price of $135 each, according to a Financial Times report. This would place SpaceX’s valuation at more than $250 billion. As the world’s richest...
by Jibran Munaf | November 15, 2024 | Stocks & Bonds
Global stock markets faced pressure on Friday following comments from U.S. Federal Reserve Chair Jerome Powell, signaling a slower pace of interest rate cuts. European and Asian markets, which had already been weak after Wall Street’s losses, struggled further, as...
by Jibran Munaf | November 15, 2024 | Energy
Oil prices edged lower on Friday as concerns about oversupply and a strengthening U.S. dollar overshadowed signs of stronger demand and a steep drop in U.S. fuel stockpiles. Brent crude futures fell 0.41% to $72.26 per barrel, while West Texas Intermediate (WTI) crude...
by Jibran Munaf | November 15, 2024 | Commodities
Gold prices remained flat on Friday near their lowest levels in two months, as a strengthening U.S. dollar and reduced expectations for aggressive Federal Reserve rate cuts pressured the metal. Spot gold stood at $2,566.09 per ounce at 0943 GMT, while U.S. gold...
