Market Update

The White House says President Joe Biden told Russian Counterpart Vladimir Putin that the United States is prepared to launch strong economic measures in case Russia decides to invade Ukraine, signaling that these new measures would pack a bigger punch than the sanctions issued in 2014 that failed to stop …

Although gold markets firstly fell during trading on Tuesday, the precious metal found enough buyers underneath to push it up. Spot gold was up 0.2% to $1,782.39 per ounce by 01:40 p.m. ET (1840 GMT). U.S. gold futures settled up 0.3% at 1,784.70. Gold is trying to stay in the …

Cryptocurrency mining stocks recorded gains, on Tuesday, due to a price rebound among cryptocurrencies including Bitcoin ( BTC -0.08% ), in addition to the hotter than normal stock market. The S&P 500 was up 2%, which is a big move for a single day. And Bitcoin is up 4% over …

Markets were more active on Tuesday, with optimism leading the way. Hopes that the Omicron coronavirus variant is milder and will not interrupt the economic comeback sent global shares well into the green territory.It is still too early to say how things will turn out with the new COVID-19 strain. …

Strong economic recovery, rising nominal yields and potential rate hikes are factors that together hurt investors’ appetite for gold, which has affected other precious metals as well, according to the latest report by London-based Metals Focus Consultancy.Metals Focus said that the threat of new virus variants, concerns of stagflation and …

Republicans leaders have declared for months that they will not vote with Democrats to raise the debt ceiling. Top lawmakers may have found a new way for Democrats to hike the borrowing limit before 15 December, the date when the Treasury will no longer be able to pay its bills.The …

Q3 2021 TransUnion Credit Industry Insights Report (CIIR) was released on Tuesday, showing increased consumer credit activity as the economy reopened. Canada’s Credit Industry Indicator (CII) rose to 101.7 points, up eight points from Q2 2021 and up 38 points from the lowest point in the pandemic (August 2020 at …

China’s top leadership made stability its top economic priority for next year, indicating that it will redouble efforts to support the economy as growth slows, analysts say.At a Monday meeting led by President Xi Jinping, China’s Politburo vowed to expand domestic demand, promote the healthy development of the property industry, …

European stocks jumped 2.5% on Tuesday, boosted by a solid rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.Likewise, the continent-wide STOXX 600 Index witnessed its best session since last November, bouncing back to levels before …

Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …