Global Stock Market

Gold prices fell Monday, November 15, retreating from their highest level in more than 5 months in the previous session, as cautious investors assessed whether rising inflation would trigger a more aggressive response from central banks. Spot yellow metal prices fell 0.3% to $1858.73 an ounce, while US gold futures …

Some investors bet that Rivian can become the next Tesla, whose own market cap stands above $1 trillion, while others say It is a bad bet.U. S. Electric automaker Rivian closed trading yesterday with value nearing $105 billion, two days after completing the largest U.S. IPO since Alibaba in 2014. …

The “Big Short” movie star Michael Burry returned to Twitter Friday. After earlier remarks about inflation, SEC and Fed policies, the movie star who is also CEO of Scion Asset Management says that Elon Musk has wrong calculations and had it not quite right with his Rivian comments.Earlier in the …

Leaders of the Asia-Pacific Economic Cooperation (APEC) forum vowed on Friday to address economic recovery in the region by shoring up supply chains.The summit is tackling labour issues and continuing to respond to the COVID-19 pandemic. The summit is held amid heightened U.S.-China tensions.Biden and Xi expected to meet virtually …

Wall Street’s main indexes trade in the positive territory on Friday. Tech shares push higher after the opening bell.Major equity indexes in the U. S. started the last day of the week in the positive territory on the back of improving market sentiment. The CBOE Volatility Index, Wall Street’s fear …

U.S. consumer sentiment fell in early November to the lowest level in 10 years as surging inflation cut into households’ living standards, with few believing policymakers are taking sufficient steps to mitigate the accelerating inflation.The University of Michigan’s Consumer Sentiment Index dropped to 66.8 in its preliminary November reading, released …

Vice President of the European Commission Maroš Šefčovič, in public comments regarding Brexit negotiations, said that the European Union is willing and ready to look at any issue that is within the Northern Ireland protocol.Šefčovič has added that problems should be tackled one at a time, perhaps starting with medicines …

Tesla CEO Elon Musk has sold more shares of the electric car maker, selling nearly $5 billion in shares following a Twitter poll, regulatory disclosures showed. Musk, the world’s richest person and the largest shareholder in Tesla, had said on Twitter at the weekend that he would sell 10% of …

Technology shares supported the Tokyo Stock Exchange to close higher, with investors eager to buy, but the rise in the Tokyo Stock Exchange was lagged by global shares on concerns about the impact of increased costs on corporate profits. The Nikkei index rose 1.13%, recording 2,9609.97 points, to continue its …

Gold has shifted after the latest round of hot than expected U.S. inflation data and here’s what to watch with the latest surge higher.There’s a fundamental change of language as solid CPI data previously meant faster tapering schedule, consequently lower gold, the new prevalent language has become: strong CPI = …