Category: Business and Finance

Global markets responded positively as Donald Trump announced Scott Bessent, a seasoned hedge fund manager, as his choice for U.S. Treasury Secretary. This decision sparked a rally across major financial markets, offering a glimmer of optimism amid recent economic turbulence. Global Markets Cheer the Decision The appointment of Scott Bessent, head of Key Square Group,…

A strong dollar under the new presidency of Donald Trump is poised to disrupt returns on emerging market bonds, according to investors, exacerbating an already challenging environment driven by high interest rates in developed economies. Investors have pulled nearly $5 billion from funds tied to dollar and local currency-denominated emerging market bonds as of mid-November.…

SuperMicro Computer (SMCI) shares soared 12% on Friday, closing out a remarkable week that saw the stock climb nearly 80%. The rally followed a pivotal mention by Nvidia (NVDA) during the chipmaker’s earnings call on Wednesday and a crucial compliance filing earlier in the week. At Friday’s close of $33.15, however, Supermicro remains more than…

NICOSIA, Nov 21 (Reuters) – Europe stands at a precarious crossroads, facing the dual threat of a recession and high inflation, warns Christodoulos Patsalides, Governor of the Central Bank of Cyprus. His stark warning at a conference this Thursday paints a grim picture of what a fresh trade war with the United States could mean…

Stock market enthusiasts and investors are keeping a close watch as premarket trading sees significant shifts driven by corporate earnings, strategic announcements, and financial forecasts. From Target’s sharp plunge after disappointing quarterly results to Dolby Laboratories’ surge following stellar earnings, the movements reflect a mix of optimism and caution. Key players like Netflix, Nio, and…

Warren Buffett, the legendary billionaire investor and CEO of Berkshire Hathaway, has made waves again with his latest stock pick: Pool Corp. (NASDAQ: POOL). For investors, this move has sparked curiosity about the swimming pool supply giant and what it could mean for their portfolios. But before you dive in and buy shares of Pool…

Costco Wholesale Corp. (NASDAQ: COST) recently made waves with its decision to raise membership fees, an event that significantly impacts the retailer’s financial performance. In September, the cost of a Goldstar membership rose from $60 to $65, while the premium Executive membership climbed from $120 to $130. This move, affecting 52 million members, marked the…