Oil prices concluded 2024 with a second consecutive year of losses, despite a modest increase on Tuesday. While Brent crude futures and US West Texas Intermediate (WTI) crude saw slight gains, they remain below their year-end 2023 levels, indicating a subdued market.The subdued price environment reflects a confluence of factors. …
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The European Union’s Markets in Crypto-Assets (MiCA) regulation, designed to enhance transparency and combat financial crime, is inadvertently reshaping the crypto landscape in the bloc. The forced delisting of Tether (USDT), the dominant stablecoin, from several EU exchanges is creating ripples, potentially dampening the region’s allure for crypto investors just …
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President-elect Donald Trump has announced a new plan to fund the government and lift the debt ceiling, a day before a government shutdown. He praised Speaker Mike Johnson and House Republicans for coming to a “very good Deal,” urging Congress to swiftly pass it in votes as soon as Thursday …
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President-elect Donald Trump is expected to select a new chair for the U.S. Securities and Exchange Commission (SEC) soon. Among the top contenders is current SEC Commissioner Mark Uyeda, who has outlined a plan to position the U.S. as a global leader in cryptocurrency. This article explores Uyeda’s proposed strategies …
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As the year draws to a close, investors are keenly watching for the much-anticipated “Santa rally,” a phenomenon where stock markets tend to rise during the final trading days of December and the first two trading days of January. Historically, this period has seen positive momentum, driven by factors such …
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On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …
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US oil producers have warned that Donald Trump’s plan to impose tariffs on Canadian imports will drive up US fuel prices, as the US president-elect’s threats hit global markets. Trump proposed late on Monday a 25% tariff on all imports from Mexico and Canada, accusing the US’s closest neighbours of …
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The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …
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US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …
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Gold prices fluctuated on Tuesday, initially declining on news of a potential ceasefire deal between Israel and Hezbollah. However, the precious metal recovered some losses as U.S. President-elect announced plans to impose tariffs on Mexico and Canada.Ceasefire Hopes Weigh on Gold:A potential 60-day ceasefire deal between Israel and Hezbollah could …
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