Oil prices continued their downward trajectory on Tuesday, following OPEC’s revised forecast by lowering the demand for 2024 and 2025. In line with the market’s reaction to the forecast, the oil prices plummeted by over 3% settling at around $66…
BlackRock, the behemoth of asset management, has sent shockwaves through the financial world with its $12.5 billion acquisition of Global Infrastructure Partners (GIP). This audacious move, the largest in over a decade for the firm, marks a strategic pivot towards…
Boom in December jobs defied expectations, leaving economists and investors scratching their heads. The labor market added a robust 216,000 jobs, surpassing forecasts of 175,000 and marking a jump from November’s 173,000. Unemployment held steady at 3.7%, defying predictions of…
New York, January 1st, 2024: 2023 marked a triumphant return for global stocks, with the MSCI World Index delivering its best performance since 2019. Investors rejoiced as central banks halted interest rate hikes and hopes for future cuts sparked a…
The soaring momentum of the US stock market hit a snag on Wednesday, halting the impressive gains it had been building over the past week. The Dow Jones Industrial (^DJI) concluded the day 1.27% below its previous day’s close, followed…
Oil prices remained unchanged on Monday after Qatar announced that the temporary Israel-Hamas truce would be extended for an additional two days. West Texas Intermediate (CL=F) futures were slightly lower in midday trading, staying above $75 per barrel. Brent (BZ=F)…
In October, existing home sales in the United States hit a 13-year low, affected by soaring mortgage rates and escalating property prices, deterring potential buyers from entering the market. The National Association of Realtors reported a 4.1% drop in existing…
Crude oil price has reached its lowest point in the last 4 months. Reuters reported that oil prices fell by almost 5% on Thursday night and fell to their lowest level in 4 months. On Thursday, in the international market,…
Oil prices plunged to three-week lows as traders awaited industry reports to validate whether the recent decline justifies the actual data. Brent crude traded below $8 per barrel, down 12% over the past three weeks on concerns about global demand…
