Browsing: Business

WASHINGTON, December 13, 2025: Gold prices climbed globally on Friday after the United States Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75%, marking the central bank’s third rate reduction this year. The decision strengthened gold’s position as a preferred safe-haven asset amid easing monetary conditions and moderating inflation data. Spot gold traded near a seven-week high at around $4,270 per ounce during late trading sessions. The rally was supported by lower U.S. Treasury yields and a softer dollar, which reduced the opportunity cost of holding non-yielding assets. Gold futures in New York and London also advanced, with trading volumes increasing sharply across major…

NEW YORK, December 12, 2025: The Dow Jones Industrial Average surged more than 400 points on Thursday, closing at a record high as investors shifted out of technology and artificial intelligence-related stocks and into a broader range of sectors. The rotation came after Oracle Corporation’s quarterly results reignited concerns about high valuations in the AI sector, prompting a move toward blue-chip and value-oriented shares. The Dow rose about 1.2 percent, gaining roughly 465 points, with leading contributions from Visa, Home Depot, and Goldman Sachs. The S&P 500 advanced modestly, supported by strength in financials and consumer discretionary stocks, while the Nasdaq Composite slipped as technology names continued to face selling pressure. The divergence…

WASHINGTON, Dec 11, 2025: The U.S. Federal Reserve on Wednesday approved its third interest rate cut of the year, lowering the benchmark federal funds rate by 25 basis points to a range of 3.50% to 3.75%, as policymakers signaled a slower pace of easing in 2026. The decision followed a divided vote among members of the Federal Open Market Committee (FOMC), with three dissenting officials underscoring the growing debate within the central bank over how aggressively to reduce borrowing costs. Fed Chair Jerome Powell signals gradual shift as inflation and growth stabilize. Two policymakers voted to leave rates unchanged, while one favored a…

AUSTIN, Texas, December 11, 2025: Oracle Corporation shares dropped sharply after the enterprise software company reported quarterly revenue that fell short of Wall Street expectations, signaling a slowdown in the company’s cloud growth momentum. The stock declined more than eight percent in after-hours trading following the announcement, reversing some of the gains made earlier this year. Oracle reported total revenue of $12.9 billion for the fiscal second quarter ended November 30, a five percent increase from the same period last year but below analyst forecasts of $13.1 billion. Stock market response follows Oracle’s weaker-than-expected revenue results. (Credit – Oracle) Net income rose to $2.4 billion,…

US farmers welcome Trump’s 12 billion dollar farm aid but warn the bailout covers only part of losses from low prices higher costs and ongoing trade disruption.

Silver surged to a record high as softer US inflation data and Fed rate cut expectations lifted investor sentiment across precious and industrial metals.

US stocks fell as Microsoft led a tech selloff and ADP reported unexpected private job losses, boosting bets on a Fed rate cut before the holiday slump.

New York, December 3, 2025: Shares of American Eagle Outfitters surged on Wednesday after the U.S. apparel retailer raised its full-year forecast, citing stronger-than-expected holiday demand and the success of recent celebrity marketing campaigns. The company’s stock rose more than 12 percent in afternoon trading, reaching its highest level since 2022. American Eagle reported third-quarter revenue of approximately $1.4 billion, up 6 percent from a year earlier. Adjusted earnings per share were $0.53, exceeding analysts’ expectations of $0.43. Net income totaled $96 million, compared with $81 million in the same period last year. The company credited the improvement to solid sales across both…

WASHINGTON, Nov. 30: Recent U.S. economic indicators show rising pressure in the labor market and easing consumer demand, underscoring a cooling trend across several major sectors while pockets of resilience remain. Analysts are paying close attention to the direction of hiring, household spending, and business activity as the year closes, with fresh data suggesting employers and consumers are becoming more cautious. The U.S. economy added 119,000 nonfarm payroll jobs in September, according to federal figures. Job gains were concentrated in health care, food services, and social assistance. Despite the increase, the unemployment rate rose to 4.4 percent, the highest since late 2021, reflecting…

Global gold prices advanced to near $2,610 an ounce, marking four straight monthly gains on growing Federal Reserve rate cut expectations.