US stocks struggled last week as concerns over inflation and US president-elect Donald Trump’s tariff plans weighed on sentiment. The Dow slipped 0.2%, the S&P 500 was flat, and the Nasdaq gained 0.1%. Investors remain focused on the Federal Reserve’s upcoming meeting this Wednesday, where a 25-basis-point rate cut is widely expected. However, analysts are […]
Iron ore falls, rate cut uncertainty grips markets Read More »
Broadcom (NASDAQ: AVGO) has become the eighth US company to surpass a US$1 trillion market cap, driven by a 24% surge in its stock price on Friday. Shares are up 107.11% year to date. The rally followed the company’s forecast of a “massive” opportunity in artificial intelligence (AI) chip sales and its latest quarterly earnings
Broadcom joins the trillion-dollar club Read More »
Brent crude climbed 1.6% on Friday, to mark a a three-week high, but the bigger picture is gloomier. Brent crude and West Texas Intermediate (WTI) have generally traded within a $6 range since September, reflecting an uneasy balance between short-term supply constraints and medium-term oversupply risks. However, year to date, Brent is down 1.49% Here’s a
Aussie oil’s rough 2024 Read More »
