Faced with the twin challenges of rising inflation and slowing growth driven by the oil price shock, the European Central Bank is under pressure to act, with Commerzbank AG anticipating the ECB to prioritise long-term inflation expectations and consider an interest rate hike as early as its next meeting at the end of April. While
The cryptocurrency market has been bearish over the past 24 hours, with Bitcoin and Ether currently in the red. Bitcoin hit the $70,000 mark on Monday but is now down 1.4% and is trading around $68,400. Ether also risks dropping below $2,000 if the selloff persists. However, ZEC, the native coin of the Zcash ecosystem,
Novo Nordisk announced on Tuesday that it is making a higher-dose version of its popular weight-loss medication, Wegovy, available across the United States. The new 7.2-milligram dose, branded as Wegovy HD, was recently approved under the FDA Commissioner’s National Priority Review Voucher program last month, marking a significant development in obesity treatment options. Before this
The American labour market has long been a complex machine of shifting gears, but in the current economic landscape, one cylinder is firing with more reliability than all others combined. While technology and manufacturing navigate the choppy waters of replacement by AI and perils brought on by tariffs, the healthcare sector has emerged as a
Despite near-term headwinds for gold—including high yields, dollar strength, and profit-taking—structural factors remain, maintaining the yellow metal’s long-term upward trajectory above $5,000 per ounce, according to Emily Avioli, vice president and investment strategist at Merrill Lynch. In Avioli’s latest Capital Market Outlook for the investment giant, he noted an unexpected trend: despite rising inflation and
The Nifty 50 Index remained in a correction on Monday as the risks to the Indian economy continued. It dropped to INR 22,678, down by nearly 14% from its highest point this year, and technicals suggest that it has more downside in the near term as the Iran war and bank crisis continue. Indian stocks
The USD/INR exchange rate has pulled back in the past few weeks as the actions by the Reserve Bank of India (RBI) continued. The pair has dropped to 92.85, down by 2.45% from its highest point this year. So, what next for the Indian rupee as bond yields jump? Indian rupee jumps as bond yields
A crypto rally is happening today, with volume in the spot market and the futures open interest rebounding. Bitcoin price jumped to $69,000, while top altcoins like Pepe Coin, Avalanche (AVAX), and Cardano (ADA) were the top gainers. Crypto rally triggered by hope of a 50-day ceasefire The main reason why the ongoing crypto rally
The Nasdaq Index is having a difficult year amid concerns about the ongoing US-Iran war and the private credit industry. It has retreated by over 8% from its highest point this year. This article explores some of the top gainers and laggards this year. Memory chip companies are the top gainers in the Nasdaq 100
The closure of the Strait of Hormuz has answered a question the energy world had been debating for a decade. What does it actually cost to stay dependent on fossil fuels? With Brent crude near $120 a barrel, gas above $4 a gallon across every US state, diesel up 45%, and the IEA describing the