US stocks moved higher on Thursday as markets welcomed a cooldown in geopolitical tensions, sparking a broad rally across sectors. The Dow Jones Industrial Average rose 411 points, or 0.9%, while the S&P 500 gained 0.7%. The Nasdaq Composite led the way, climbing 1%. But beneath the early cheerfulness lies a fragile confidence as traders
Procter & Gamble reported mixed quarterly results on Thursday, as demand weakened across several everyday categories and consumers continued to stay cautious with household spending. The company beat Wall Street expectations on adjusted earnings per share, but revenue came in slightly below forecasts, reflecting slower momentum in parts of its portfolio. P&G also updated its
The number of Americans filing new claims for unemployment benefits rose slightly last week but remained well below expectations, reinforcing signs that the US labour market continues to expand at a steady, if subdued, pace. Initial claims for state unemployment benefits increased by 1,000 to a seasonally adjusted 200,000 in the week ended January 17,
If tensions continue to escalate and the dollar remains weak, gold prices could soon hit the coveted $5,000 per ounce level, according to experts. On Wednesday, gold prices on COMEX hit a new record high of $4,890.35 per ounce, breaching the $4,800 mark for the first time ever. Safe-haven demand, fueled by increasing tension between
The “Sell America” trade gained a lot of steam back in April 2025, following Trump’s “Liberation Day” tariffs. Global markets were rattled and recorded some of the worst trading days since the pandemic. 2026 began with a lot of geopolitical tension, with Donald Trump once again being at the center of it all. In particular,
PayPal stock price continued its strong downward trend this week as it plunged to the lowest level since November 2023. It lost a crucial support level as sellers remained in control and the short interest rose to 4.8%. PayPal has become a fallen angel PayPal stock price has crashed in the past few years, mirroring
Next has agreed to buy the Russell & Bromley footwear brand out of administration for £3.8 million, securing the future of the 145-year-old name but leaving hundreds of jobs at risk as dozens of stores fall outside the deal. The British retailer, founded in 1879 in Eastbourne, has been struggling amid a tough trading environment
Galaxy Digital Holdings, the prominent digital asset investment firm led by veteran financier Mike Novogratz, is launching a $100 million hedge fund designed to capitalize on volatility in the cryptocurrency and fintech sectors, according to a report in the Financial Times. The $100 million fund eyes backing from a mix of family offices, high-net-worth individuals,
US President Donald Trump’s highly anticipated World Economic Forum address at Davos is just a few minutes away. Ahead of the high-stakes address, US Treasury Secretary Scott Bessent repeatedly urged global markets and European leaders to “sit back, relax” and “take a deep breath.” “Everyone take a deep breath,” Bessent told CNBC. Do not escalate
On Wednesday, Brazil’s Central Bank ordered the extrajudicial liquidation of Will Financeira SA Crédito, Financiamento e Investimento, also referred to as Will Bank, after having resolved earlier on the day resolution measures previously applied to Banco Master. On November 18, 2025, the central bank issued a decree to liquidate Banco Master due to issues with Will