Economy

Economy
Economy

Gold price stalls near $4,130: is the oil shock killing the breakout?

Gold held near $4,130 an ounce on Thursday as investors weighed a weaker dollar against rising oil prices and the sharpest increase in short-term Treasury yields in more than a year. Spot bullion was little changed at $4,132.01 after reaching $4,165.87 on Wednesday, its highest level since July 7. August futures slipped 0.4% to $4,134.60.

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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

JD Wetherspoon shares sink after another profit warning: why are UK pubs struggling?

JD Wetherspoon shares fell about 9% on Wednesday after the pub chain warned that full-year profits are likely to come in below market expectations, marking its fourth profit warning in just seven months as persistent cost pressures continue to weigh on Britain’s hospitality sector. The FTSE 250 company said sales remained resilient, but higher spending

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Economy

HYPE falls below $60: are ETF outflows signalling more pain ahead?

Hyperliquid (HYPE) remained under pressure on Wednesday, trading below the $60 mark as buyers struggled to push the token above its 50-day Exponential Moving Average (EMA) at $62.70.  The token continues to face headwinds from declining institutional interest and weakening retail participation, while technical indicators suggest bearish momentum remains intact. Although trading activity has picked

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Economy

Cardano hits a wall near $0.178 as leveraged demand starts to fade

Cardano (ADA) is down by 1.5% on Wednesday after failing to overcome resistance at the 50-day Exponential Moving Average (EMA) near $0.1770.  The rejection erased the momentum from two consecutive recovery sessions earlier in the week, leaving the cryptocurrency vulnerable to additional downside. Weakening activity in the derivatives market and subdued technical momentum suggest traders

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Economy

Airbus stock jumps on share buyback, 2029 profit target: why analysts see upside

Airbus shares surged more than 7% on Wednesday after the European aerospace giant unveiled a €5 billion ($5.7 billion) share buyback programme and laid out ambitious medium-term financial targets, reinforcing investor confidence that easing supply-chain constraints and sustained demand for commercial and military aircraft will drive the company’s next phase of growth. The announcement came

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