The S&P 500 Index hit a record high on Tuesday over the positive earnings of Tesla, Nvidia and other Tech companies, while upbeat results from UPS and GE raised optimism around the earnings’ season.Tesla rose 5.4%, extending a record round that helped the electric carmaker surpass $1 trillion in market …

Oil prices surged Tuesday, near multi year highs as the market remains tight given increasing fuel demand due to cold weather, particularly in the U.S., and only gradual increases in supply.U.S. crude futures were up 0.5% at $84.16 a barrel, while Brent futures were up 0.4% at $85.50 a barrel. …

The index of U.S. consumer confidence rose to 113.8 in October from a revised 109.8 in September.The index has risen in October for the first time in four months, since June to 113.8 as concerns around the delta variant eased.The Conference Board’s index advanced to 113.8 from an upwardly revised …

Gold prices, Monday, sum up the whole market scene in terms of market sentiment and risk appetite. The yellow metal rose about 1% as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings later on during the current …

China’s Evergrande is starting to pay its overdue debt and restart some of its stalled real estate projects, but it is signaling that it wants to move away from housing and focus on building electric vehicles.According to Chinese state media, Chairman Xu Jiayin announced that the firm wants to make …

Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week.The U. S. dollar rebounded and closed up on the day, but that failed to impact the rally in the …

The EUR/USD has been trading on a bullish trend throughout the last two weeks, with an increase from 1.1520s to 1.1660s, although this climb was more of a reaction of the larger downtrend, and it seems to have ended now.The US economy is speeding up again, as it enters another …

The IFO Institute’s Business Climate index for Germany declined to 97.7 in September, which is significantly below expectations of a 98.2 result. The unexpected drop in business sentiment was the fact that the August reading for the index released in September was revised slightly upward to 98.9 from 98.8.This forex …

U.S. stocks rose as traders watch earnings reports from technology heavyweights including Facebook, while keeping in mind inflation-related concerns and rising Covid-19 risks. Energy and materials sectors are on the lead of the S&P 500 higher after the index whipsawed traders at the start of Monday’s U. S. session. PayPal …

Shares of South Korean semiconductor manufacturer MagnaChip Semiconductor jumped out of the gate Monday and are up 4.3% after the company crushed its Q3 earnings report versus $0.22 per share on $126.9 million in sales.As financial statements were announced, the company reached that sales target, booking $127 million in revenue. …