Gold prices held firmly above $4,150 an ounce after staging an intraday recovery on Thursday, with a weaker US dollar and easing Treasury yields helping the precious metal withstand a fresh bout of inflation concerns. At around 9:50 AM EST, Spot gold was trading around $4156 per ounce, up 1.63% from Wednesday, while futures for
US wholesale inflation accelerated sharply in September, reaching its highest annual level in more than four years and reinforcing concerns that price pressures remain entrenched across the economy. The Producer Price Index (PPI) rose 1.3% month over month and 6.3% annually, according to Bureau of Labor Statistics data released Thursday. Both figures exceeded economists’ expectations
Third-quarter earnings season has opened unevenly. JPMorgan, Wells Fargo and Citigroup posted missed results this week, while UnitedHealth topped forecasts for both revenue and profit. Only 27 constituent companies of the S&P 500 have reported so far – and UBS is betting the next wave holds more upside. The investment firm has singled out 40
Crude oil prices held steady on Wednesday as concerns about the escalating crisis in the Middle East continued. Brent, the top benchmark, rose to $107, while the West Texas Intermediate (WTI) moved to $95. This rally may continue as Iran continues shooting tankers crossing the Strait of Hormuz. IRGC continues to shoot ships at the
SpaceX stock (NASDAQ: SPCX) is falling even though Wall Street still sees substantial upside, highlighting the gap between the company’s long-term ambitions and the cost of reaching them. The stock dropped 4.2% to $156.54 on Tuesday. At that price, TipRanks’ $216 average analyst target implied about 38% upside, with 28 Buy ratings, five Holds and
Ethereum’s derivatives market is showing reduced leverage as institutional outflows and weak US trading sentiment weigh on its recovery. CryptoQuant data shows ETH’s Estimated Leverage Ratio (ELR) has dropped to 0.62, its lowest level since November 2025. Meanwhile, US spot Ethereum exchange-traded funds have recorded 10 consecutive days of net withdrawals. The technical picture remains
US stocks gained on Monday as investors assessed rising oil prices and geopolitical tensions ahead of a busy week of corporate earnings and inflation data that could influence the Federal Reserve’s interest rate outlook. The Dow Jones Industrial Average gained 198 points while the S&P 500 was up 0.05%. The Nasdaq Composite fell 0.13%. Investors
Oil prices jumped around 2% on Monday as geopolitical tensions continued to keep pressure on global energy markets. Brent crude futures rose roughly 2% to $106.73 at the time of writing, while West Texas Intermediate (WTI) crude futures climbed close to 2% to $93.72. The gains came despite hopes of de-escalation between the United States
Salesforce stock CRM gained more than 2% on Monday after Bank of America upgraded the shares to Buy from Underperform, citing the potential for artificial intelligence to strengthen demand for enterprise software platforms. The company also announced an agreement to acquire Loops, an AI-powered analytics startup, as it expands its strategy for AI-driven business intelligence.
Bank of America is telling investors to buy BWX Technologies, DraftKings and Grocery Outlet Holdings before they report third-quarter results, backing each name with a different argument. The companies span nuclear components, sports betting and grocery retail, and share little beyond the timing of their earnings. Two reach the list through rating upgrades, while the