by Jibran Munaf | October 24, 2024 | Markets
Stocks fell sharply on Wednesday, with the tech sector leading the decline as investors grew uncertain about the Federal Reserve’s rate-cut timeline amid a flurry of earnings reports. Major companies like Boeing (BA) and Tesla (TSLA) were at the forefront of the...
by Jibran Munaf | October 24, 2024 | Markets, Stocks & Bonds
US stocks dropped on Wednesday, pressured by rising US Treasury bond yields and significant losses in McDonald’s and Starbucks following negative developments. Market analysts pointed to rising uncertainty surrounding the continued climb in US Treasury yields....
by Jibran Munaf | October 24, 2024 | Markets
Initial Public Offerings (IPOs) across the Gulf Cooperation Council (GCC) raised $1.7 billion during the third quarter of 2024, with the Abu Dhabi Securities Exchange (ADX) hosting the largest single offering. NMDC Energy raised $1.1 billion for a 23% stake in the...
by Jibran Munaf | October 23, 2024 | Commodities
Saudi Arabia’s economic growth is forecast to accelerate significantly in 2025, driven by an anticipated increase in oil production after two years of more modest performance. This comes as OPEC+ prepares to raise output, according to a Reuters poll of...
by Jibran Munaf | October 23, 2024 | Markets, Stocks & Bonds
Asian stocks showed mixed performance on Wednesday, pressured by a strengthening U.S. dollar and uncertainties surrounding the upcoming U.S. election. Concerns about geopolitical tensions also weighed on market sentiment, with oil prices and U.S. futures falling after...
by Jibran Munaf | October 23, 2024 | Commodities, Energy
Oil prices retreated as traders focused on a potential rise in U.S. crude inventories and the Biden administration’s diplomatic efforts to broker a cease-fire in the Middle East. Brent crude edged closer to $75 per barrel after rallying over 4% in the previous...
