Saudi Aramco (TADAWUL:2222), the world’s largest oil company, announced on Tuesday that it expects to declare $85.4 billion in total dividends in 2025, a notable decrease from the $124.25 billion distributed in 2024. Financial Performance: Declining Profitability in 2024 The oil giant reported a 12.4% drop in full-year 2024 net …
Read More »Bitcoin Extends Losses as Trump’s Crypto Reserve Hype Fades
Bitcoin tumbled on Tuesday, deepening its losses from the prior session, as excitement over U.S. President Donald Trump’s proposed national cryptocurrency reserve quickly faded. The broader crypto market also suffered heavy losses, as investor sentiment took a hit from Trump’s tariff hikes on China, Canada, and Mexico, which escalated concerns …
Read More »Bitcoin Surges as Trump Confirms Crypto Strategic Reserve Plans
Bitcoin surged on Monday, extending a sharp rebound from last week’s losses after U.S. President Donald Trump reaffirmed his commitment to establishing a Crypto Strategic Reserve. The move, which includes Bitcoin among other major cryptocurrencies, fueled a rally across digital asset markets. The world’s largest cryptocurrency briefly touched $94,901.96 before …
Read More »Market weekly recap: Trump – Zelensky clash and NFP in the heart of market drivers
US dollar ended last week’s trading in the upside buoyed by concerns of geopolitical tensions escalation after tensions escalated between US president Donald Trump and his Ukrainian counterpart Volodymyr Zelensky in the White House during a meeting which was supposed to witness signing a US-Ukraine deal over natural resources. Dollar …
Read More »Jones Wobbles, Recovers Slightly: Tariffs and Jobs Data Loom Large
The Dow Jones Industrial Average (DJIA) managed a modest recovery on Friday, clawing back roughly 150 points and clinging to the 43,400 level. However, this late-week rally does little to erase the overall losses, leaving the index down from Monday’s opening bell. The week’s volatility was fueled by a complex …
Read More »Bitcoin Falls Below $80,000, Poised for Steepest Monthly Decline Since Trump’s Election Victory
Bitcoin dropped sharply on Friday, slipping below the psychologically significant $80,000 level as investors reacted to escalating U.S. trade tariff concerns and positioned themselves ahead of a key inflation report. The leading cryptocurrency declined 8.4% to $78,955.9 as of 02:11 ET (07:11 GMT), marking a loss of over 22% in …
Read More »Tariff Threats Push Dow Lower Despite Initial Gains
The Dow Jones Industrial Average (DJIA) experienced a turbulent trading session on Thursday, marked by significant volatility. Initially, the DJIA surged by approximately 400 points, driven by a rebound in heavily weighted stocks. However, this upward momentum was ultimately curtailed by renewed tariff threats from U.S. President Donald Trump, leading …
Read More »Bitcoin Extends Losing Streak, Hovering Near Three-Month Low
Bitcoin continued its downward trend for the fourth consecutive day on Thursday, as concerns over U.S. tariffs and broader risk-off sentiment weighed on the cryptocurrency market. At 02:12 ET (07:12 GMT): Bitcoin fell 2.8% to $86,246.28, remaining near its lowest level since mid-November 2024. The token had dipped as low …
Read More »Trump Tightens Trade Restrictions: A Game-Changer for Global Markets
Since the start of the new week’s trading in financial markets, new trade measures and statements by President Donald Trump have taken center stage. Key among these was Trump’s announcement that he is moving forward with previously delayed tariff decisions.Trump’s administration revealed plans to impose more restrictions on the semiconductor …
Read More »Tech stocks rebound ahead of Nvidia’s earnings
The “Magnificent Seven” group of major technology stocks experienced a period of volatility, with a slight rebound on Wednesday following a dip into correction territory on Tuesday. This fluctuation reflects growing market anxieties surrounding the tech sector, particularly concerns about slowing earnings growth and the evolving economic landscape of artificial …
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