Market Update

Oil prices fell on Friday, heading for their steepest weekly losses since late June, as concerns over the latest round of U.S. tariffs and the possibility of easing sanctions on Russia weighed on the market. Price Declines and Weekly Losses Brent crude futures dropped by 51 cents to $65.92 per …

On August 7, 2025, a sweeping wave of U.S. tariffs took effect, targeting imports from over 60 countries and escalating trade tensions to levels unseen since the Great Depression. With rates ranging from 10% to 50%, these levies, championed by President Donald Trump, aim to shrink the U.S. trade deficit …

Gold has stolen the spotlight in 2025 with a dazzling 30% year-to-date surge, outpacing stocks and bonds as central banks stockpile the precious metal and investors seek safety amid global uncertainty. Yet, while gold’s rally captivates markets, a broader range of commodities—spanning industrial metals, energy, and agriculture—offers untapped potential for …

Corporate America Shines in Q2, but Tariffs Cast ShadowsThe second quarter earnings season has delivered a robust performance for U.S. companies, with S&P 500 firms reporting a 10.3% surge in earnings per share, exceeding tempered expectations set against a backdrop of new U.S. tariffs and economic uncertainty. Despite a high …

Gold prices rallied sharply on August 7, 2025, climbing 0.68% to $3,392.31 per troy ounce, driven by renewed safe-haven demand amid escalating U.S. tariffs and a weakening labor market. The XAU/USD pair, which tracks gold against the U.S. dollar, saw a daily range between $3,365.31 and $3,397.58, reflecting heightened market …

The Dow Jones Industrial Average (DJIA) slid nearly 400 points on Thursday, dipping below 44,000 as the weight of newly implemented U.S. tariffs took a toll on major companies. The steep import taxes, rolled out as part of a long-anticipated “reciprocal” tariff package, target virtually all goods entering the U.S., …

Oil prices remain stubbornly below $72 per barrel, with Brent crude hovering around $67 and West Texas Intermediate (WTI) at $64.41, each up just 0.09% as of August 7, 2025. Kuwait, a key OPEC member, predicts this price ceiling will hold in the near term, citing a healthy market with …

The Bank of England (BoE) slashed its base interest rate by 25 basis points to 4.00% on August 7, 2025, in a dramatic and closely contested decision that has propelled the British pound to fresh highs against major currencies. The narrow 5-4 vote, which required an unprecedented second round of …

The race to lead in artificial intelligence (AI) is intensifying as tech giants like Google, Meta, and Microsoft channel billions into groundbreaking advancements, reshaping the global technological landscape. Fueled by record profits, these industry leaders are locked in a fierce competition to harness AI’s transformative potential, dubbed a new “digital …

The U.S. Department of Labor (DOL) reported on Thursday that the number of new applications for unemployment insurance increased to 226,000 for the week ending August 2. This marked an increase from the previous week’s revised figure of 219,000, surpassing initial estimates of 221,000. Unemployment Data Overview The seasonally adjusted …