by Jibran Munaf | September 15, 2024 | Markets
The U.S. government is projected to spend over $1 trillion on interest payments this year, marking the first time in history that these payments have surpassed military spending. According to the Treasury Department’s latest monthly budget report, interest payments on...
by Jibran Munaf | September 14, 2024 | Commodities, Currencies, Finance, Markets
The U.S. dollar dropped to its lowest point of the year against the yen, and gold surged to a record high on Friday as shifting expectations for a significant Federal Reserve interest rate cut drove market movements. Investors are now weighing the likelihood of a...
by Jibran Munaf | September 8, 2024 | Corporate Finance, Markets
Shares of Dell and Palantir surged around 7% in extended trading on Friday following an announcement from S&P Global that both companies will be added to the prestigious S&P 500 index. Palantir, a software maker, will replace American Airlines, while Dell will...
by Jibran Munaf | September 7, 2024 | Stocks & Bonds
The UAE’s stock markets saw significant growth this week, with market capitalization increasing by AED 61 billion ($16.6 billion), largely driven by strong performances in the real estate, financial, and industrial sectors. The Abu Dhabi Securities Exchange...
by Jibran Munaf | September 7, 2024 | Markets
The UAE’s top 20 publicly listed companies have collectively reached a staggering market capitalization of AED 2.79 trillion ($762.32 billion), accounting for 77.6% of the nation’s total market value of AED 3.59 trillion. This surge underscores the...
by Jibran Munaf | September 6, 2024 | Market Analysis & Commentary
Nobel Prize-winning economist Joseph Stiglitz has called for the Federal Reserve to make a significant rate cut at its next meeting, arguing that the central bank went “too far, too fast” with its recent rate hikes. Stiglitz believes these aggressive moves...