by Jibran Munaf | August 10, 2024 | Finance, Market Commentary, Markets, News
Stocks ticked up Friday as the stock market built on its incredible comeback from Monday’s violent rout. The broad market index ended the week just shy of completely reversing its weekly losses. The S&P 500 advanced 0.47% to finish at 5,344.16. The Nasdaq...
by Jibran Munaf | August 8, 2024 | Economy, Market Commentary, News, Trending Now
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making a recession the most likely scenario in his view. When asked by CNBC’s Leslie Picker if he had...
by Jibran Munaf | August 6, 2024 | Editorials, Finance, Market Commentary, News
The UAE boasts a staggering $996 billion in private wealth, as of June 2024, with the number of high-net-worth individuals expected to rise by 40% by 2031. Hedge fund operators, in search of stable environments and agile regulations, are increasingly gravitating...
by Jibran Munaf | July 17, 2024 | Commodities, Market Commentary, News
Gold hit another record as traders placed stronger bets on Federal Reserve rate cuts this year and weighed an uncertain outlook for US politics. Bullion advanced in Asia hours to touch an all-time high of $2,475.81 an ounce on Tuesday, following a 1.9% jump in the...
by Jibran Munaf | July 16, 2024 | Market Commentary, News
India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi’s visit to Moscow. Old partners India and...
by Jibran Munaf | July 16, 2024 | Breaking, Market Commentary, News
Federal Reserve Chairman Jerome Powell said Monday he will definitely finish the full scope of his current central bank leadership term. Asked at an Economic Club of Washington, D.C. event if he will fulfill his Fed chairman term slated to end in May 2026, Powell...