Tag: Finance & Economy
Gold Soars to Record High After Fed Holds Rates Steady
Spot gold hits an all-time high of $3,051.99/oz US rate futures price in two rate cuts in 2025 Fed likely to resume rate cuts in[more...]
Gold Soars To Record High As Tariff Tensions Rise
Gold prices broke out to a new record high this morning following President Trump's latest threat to ratchet up tariffs against European imports. Spot prices[more...]
Multi-Manager Hedge Funds Such As Citadel Pose Big Risks, BOE Governor Says
Recent comments from Bank of England Governor Andrew Bailey have brought to light a pressing concern regarding multi-manager hedge funds, such as Citadel, Millennium, and[more...]
Democrat Rep Caught With Over $30M Nonprofit Funds Stashed In Offshore Account
A recent discovery has linked Congressman Daniel Goldman, a multimillionaire heir to Levi Strauss, to over $30 million in nonprofit funds stashed in a Cayman[more...]
Wall Street Economists Pare Back Fed Rate-Cut Views After Data
Economists at Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. pared back their forecasts for additional Federal Reserve interest-rate cuts in response[more...]
Bosch: Up To 10,000 German Jobs At Risk As Car Market Stutters
The world's largest supplier of car parts has been hit by weak demand, strong Chinese competition and slow transition to EVs. Bosch has revealed it[more...]
Moody’s Downgrades France’s Credit Rating
France's newly appointed premier faces the challenge of bringing down the country's spiraling fiscal deficit and thrashing out a 2025 budget. Ratings agency Moody's on[more...]
Adani Ports Shares In Focus As Co Withdraws $553 Million US Loan For Sri Lanka Terminal
The Adani Ports and Special Economic Zone (APSEZ) has said it is withdrawing its request for a $553 million loan from US International Development Finance[more...]
Judge Approves New York Diocese’s $323 Million Bankruptcy Settlement
A Catholic diocese on New York’s Long Island has seen its long-running bankruptcy filing finally concluded, enabling hundreds of sexual abuse claims to be settled.[more...]
Missouri Bill Would Ban CBDCs, Make Gold And Silver Legal Tender
Attempts continue in the US state of Missouri to prohibit the potential use of central bank digital currencies (CBDCs). The state has seen several bills[more...]
