Markets
Gold Falls Under $4500 Amid Rate Hike Fears
Gold prices dropped below the $4500 mark on Wednesday, extending previous losses as investors weighed inflation concerns and potential interest rate hikes.
Markets
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Finance
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Finance
BOJ Faces Call for Outsized Rate Hike Not Seen Since 1990
Mizuho Financial Group CEO Masahiro Kihara has suggested the Bank of Japan consider an outsized interest-rate increase to combat inflation, a move...
Finance
Agentic AI Forces Rethink on False Payment Declines
Agentic AI is shifting payment system focus from fraud prevention to confidently recognizing good transactions. This demands a new approach to false...
Finance
PayPal’s Checkout Dominance Erodes as Rivals Gain Ground
PayPal, a pioneer in online payments, faces its most significant challenge in nearly three decades as competitors like Apple and BNPL firms...
Finance
South West Tourism Reports Strong Bank Holiday Gains
South West England's tourism sector experienced a significant boost over the recent bank holiday weekend, driven by temperatures reaching 31C. Businesses in...
Finance
Branch International Trims African Staff, Reports $30 Million Profit
Visa-backed digital lender Branch International is cutting staff in Kenya and Nigeria, despite reporting a $30 million global profit, signaling a broader...
Finance
Cygnus Metals Reports High-Grade Golden Eye Assays, Advances Resource Upgrade
Cygnus Metals reveals final high-grade Golden Eye assays, including 39.5g/t AuEq over 3m, supporting its resource upgrade strategy. Drilling also commenced at...
Stocks
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Stocks
Brent Crude Rebounds as US-Iran Tensions Threaten Strait Shipping
Brent crude prices rose Tuesday, recovering from a prior session's selloff. Escalating military exchanges between the U.S. and Iran cast doubt on...
Stocks
Zscaler Projects 16%-17% FY27 Growth, Targets $4.10-$4.11 FY26 EPS
Zscaler forecasts 16%-17% ARR and revenue growth for fiscal 2027, alongside a $4.10-$4.11 FY2026 EPS target. This follows strong Q3 results driven...
Stocks
Stocks Climb on Iran Peace Hopes, Tech Leads Nasdaq to New Highs
U.S. stock indexes mostly closed higher Tuesday, with the S&P 500 and Nasdaq 100 reaching new all-time highs, driven by optimism over...
Stocks
Semtech Projects $328M Q2 Revenue, Targets 35% Data Center Growth
Semtech (SMTC) forecasts $328 million in Q2 revenue, targeting 35% sequential growth in its data center segment, building on a record-setting Q1.
Economy
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Economy
Gold Holds Loss as US-Iran Deal Hopes Contend With Inflation Fears
Gold held losses as fresh Persian Gulf clashes tempered US-Iran peace deal prospects, reinforcing concerns that inflation could keep interest rates elevated. Bullion has slumped 15% since the conflict erupted.
World Business
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World Business
Adnoc LNG Tanker Delivers Cargo to India After Hormuz Transit
An Adnoc LNG tanker, the Umm Al Ashtan, has exited the Strait of Hormuz, delivering cargo to India, contributing to a recent...
World Business
Gulf Shrimpers Face Existential Threat as Fuel Costs Soar, Imports Dominate
Gulf shrimpers are struggling with diesel prices surging over 50% in three months and facing intense competition from cheap imports, pushing many...
World Business
Singapore’s Economic Outlook Dims Despite Q1 Beat, AI Boom Offers Buffer
Singapore's MTI warns of rising macro risks for 2024 due to Middle East conflict and global energy crunch, despite a robust 1%...
World Business
US Sanctions Power Against Iran Peaks, Economy Unbowed
The Trump administration's "Economic Fury" campaign has failed to significantly alter Iran's economic resilience, with experts suggesting US sanctions power has reached...
World Business
Mastercard Seeks Processors to Share Banco Master Losses
Mastercard is reportedly asking Brazilian payment processors to absorb half of its losses stemming from the collapse of Banco Master and its...
World Business
Japan Exports Jump 15% in April Amid Oil Supply Worries
Japan's exports surged 14.8% in April, defying concerns over oil and gas supplies due to the Iran conflict. Trade balance shifted to...
Investing
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Investing
Africa’s Power Sector Embraces Renewables as Investment Flows In
Africa's energy sector is rapidly transitioning to solar, wind, and battery storage, driven by lower costs and faster deployment. Industry leaders confirm...
Investing
IRS Automates Tracing for $3.2 Billion in Unidentified Payments
The IRS is implementing an electronic case management system to address $3.2 billion in unidentified taxpayer payments, responding to TIGTA recommendations.
Investing
Retirees Underspend: Fear of Depletion Harms Lifestyle
Many retirees, driven by fear, underspend their savings, missing out on a fulfilling lifestyle. Morningstar research shows half use overly simple strategies,...
Investing
Treasuries Climb as Iran Deal Hopes Ease Inflation Fears
U.S. Treasuries rallied across the curve, with yields falling, as investors grew more optimistic about a potential US-Iran deal, easing inflation expectations....