by Vasu Jit Kalia | September 17, 2024 | Commodities, Market Analysis & Commentary, Markets
Gold prices in the UAE have lost one-and-a-half dirhams per gram at the opening of the markets in Dubai on Tuesday, dropping from an all-time high of AED313.5 per gram at the close of the markets on Monday. According to Dubai Jewellery Group data, the 24K variant was...
by Jibran Munaf | September 17, 2024 | Finance, Market Commentary, Markets
The Federal Reserve is expected to announce a substantial rate cut at its meeting this Wednesday, with market sentiment increasingly favoring a 50 basis-point reduction. This marks a significant shift from last week when the probability of a larger cut was only 14%....
by Jennifer George | September 17, 2024 | Industry, News, Stocks & Bonds, Technology
Apple Intelligence marked another light bulb moment for Apple, or so they thought. Despite the promising launch of the iPhone 16 series on September 9th, the tech mogul failed to entice tech enthusiasts with its recycled “better camera and improved battery...
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...
