Economy

Economy
Economy

Gold prices edge higher despite stronger dollar and treasury yields

Spot gold and silver prices moved higher ahead of the North American market open on Friday. Precious metals steadied after Thursday’s selloff. Traders assessed a stronger signal from the US labor market. They also weighed the European Central Bank’s decision to hold interest rates, elevated crude oil prices and firm US Treasury yields. At the

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Economy

Bitcoin price outlook: treasury sell-offs, Poolin bankruptcy and $1.2B options expiry

Bitcoin traded near $64,900 on Friday after another eventful week for the cryptocurrency market. BTC’s price remained close to the $65,000 mark amid corporate selling, fresh signs of stress in the mining sector, and a major options expiry. Treasury companies face tightening financing conditions One of the biggest themes influencing Bitcoin this week has been

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Economy

Explained: Trump’s new tariffs on 60 trading partners after Supreme Court setback

The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump’s administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal

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Economy

XRP price hits two-week high: can whale buying force a breakout?

XRP price has touched a two-week high near $1.16 before slipping back as AI-led optimism, whale buying, and ETF inflows were met with profit-taking. According to CoinGecko data, XRP traded around $1.13 at the time of writing, up about 2% over the past week with a market capitalisation above $71 billion.  The token briefly touched

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Economy

UniCredit profit hits record as Orcel’s Commerzbank bet enters overdrive

UniCredit raised its 2026 profit target after delivering record first-half earnings, giving Chief Executive Andrea Orcel more room to pursue control of Commerzbank without weakening the Italian lender’s standalone investment case. Second-quarter net profit reached €2.9 billion, ahead of the €2.8 billion average forecast compiled by the bank. Excluding a €245 million trading and funding

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Economy

Silver price rebounds from last week’s drop: can $65 come into view?

Silver hovered just below $60 an ounce on Thursday as buyers defended a breakout that has restored short-term momentum after last week’s sharp retreat. Spot silver traded near $59.80 after moving between roughly $59.33 and $60.08, while futures remained close to $60.10. The metal had approached $61 in the previous session, its strongest level in

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Economy

Ethena price jumps 5% as USDe expansion fuels fresh breakout hopes

Ethena price has risen nearly 5% in the past 24 hours as multichain expansion and steady USDe demand have boosted investor interest. According to CoinGecko data, ENA traded around $0.091 at the time of writing after gaining about 4.8% over the previous 24 hours and roughly 9% over the past week.  The token briefly approached

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Economy

EasyJet reports sharp Q3 profit drop despite stronger summer demand

EasyJet reported a 70% year-on-year decline in fiscal third-quarter profit on Thursday. The airline said disruption from the Iran war had increased costs during the quarter. However, it added that consumer confidence was strengthening as the peak summer travel period approached. Quarterly earnings came in at £85 million. That was sharply lower than the £286

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Economy

Celestica stock tumbles ahead of earnings: rebound or more pain?

Celestica stock has moved into a bear market, mirroring the performance of other artificial intelligence (AI) companies. CLS dropped to $307 in New York, down by over 35% from its highest level this year. This retreat will be put to the test when the company publishes its financial results next week. Celestica stock in focus

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Economy

From dilution to cash flow: Is BitMine stock worth buying now?

BitMine’s stock price has rebounded over the past few days, hovering near its highest level in more than a month. BMNR has surged 32% from its year-to-date low, with the recovery gaining momentum as investors anticipate the company’s transition from a cash-burning business into a potential free cash flow machine. BitMine has continued to accumulate

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