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Mohamed Abdelhamid

Gold Advances as US Dollar Weakens Amid Fed Caution

Gold prices remained steady on Thursday, regaining some of the losses seen earlier in the week as the US Dollar weakened. Investors are carefully assessing the economic landscape and the Federal Reserve’s recent actions, weighing the potential for future gains against ongoing uncertainties. At the same time, gold continues to …

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AI Hype Hits Reality: Oracle Shares Slide Amid Investor Concerns

Shares of Oracle tumbled after its latest quarterly earnings slightly missed expectations, raising fresh concerns about the returns from its aggressive push into artificial intelligence.Oracle reported $16.1 billion in revenue for the three months ending in November, just below analyst forecasts. While overall revenue grew 14% and its AI-focused cloud …

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Powell Plays Down Expectations of Further Easing as Fed Signals Confidence in the Economy

Federal Reserve Chair Jerome Powell delivered a calm and measured message on Wednesday, working to cool market expectations for continued monetary easing. He emphasized that the U.S. economy is “in a good place” and that current interest rates sit within a “reasonable range” close to the neutral level that balances …

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