Gold prices climbed above the $4,600 mark, extending gains as Japan’s intervention in currency markets pushed the U.S. Dollar lower. At the same time, news of a new proposal from Iran helped ease oil prices, lifting investor sentiment and supporting Wall Street’s positive tone. Fed Keeps a Watchful EyeDespite the …

China has announced it will scrap tariffs for nearly all African countries, extending duty-free access to 53 nations until April 2028. The only exception is Eswatini, which maintains diplomatic ties with Taiwan. Beijing has highlighted the move as a sign of its commitment to Africa, positioning itself as the first …

President Donald Trump announced he will raise tariffs on cars and trucks imported from the European Union to 25%, a sharp increase that could shake global markets. He accused the EU of failing to comply with last year’s trade deal, insisting the higher tariffs would push European manufacturers to move …

The US Dollar managed a modest bounce on Friday after sliding to its lowest point in two weeks, but the recovery did little to change the bigger picture — the greenback is ending the week in the red, battered by a perfect storm of geopolitical uncertainty and renewed trade war …

Hopes for a breakthrough in the war between the United States and Iran dimmed on Friday as President Donald Trump declared he was dissatisfied with Tehran’s latest peace proposal. Speaking from the White House, Trump suggested that Iranian leaders may never reach a deal, describing their leadership as “disjointed” and …

Spirit Airlines, long known for its ultra-low-cost fares, is preparing to shut down operations after a proposed government rescue package fell apart. The plan, which aimed to inject fresh capital into the struggling carrier, was rejected by key creditors—leaving the airline with no viable path forward.Mounting PressuresThe airline has been …

The euro extended its upward momentum against the US dollar, climbing to its highest levels in over a week as a mix of geopolitical tension and unexpected market moves weighed heavily on the greenback.The shift reflects a broader change in market sentiment, with investors pulling back from the dollar amid …

The Japanese yen found stability after authorities stepped in to halt its rapid decline against the US dollar. The intervention came as the yen briefly weakened beyond the symbolic 160 mark, sparking concerns about financial stability. By Friday, the currency had regained ground, with the dollar trading closer to 156 …

Despite soaring oil prices triggered by the ongoing war in Iran, American energy giants Exxon Mobil and Chevron both saw their profits plummet in the first quarter of the year. The expected windfall from expensive crude was wiped out by unprecedented disruptions to oil shipments, proving that high prices don’t …

Japan stunned global currency markets after authorities stepped into the foreign exchange market for the first time in nearly two years, unleashing what traders quickly dubbed a fresh “Yentervention” campaign to halt the yen’s relentless slide against the US dollar.Yen Panic Triggers Japan’s Dramatic “Yentervention” ComebackThe move sparked widespread panic …