India Gold price today: Gold rises, according to FXStreet data
Gold prices in India saw an uptick today, reflecting movements in international markets. According to FXStreet data, the precious metal’s performance aligns with a steady demand for safe-haven assets, driven by global uncertainties and a weaker dollar. Domestic prices have mirrored these trends, appealing to investors and jewelry buyers alike. The rise in prices highlights […]
Japan to Unveil Record Budget With Ramped-Up Defense Spending
Japan is set to announce a record-breaking budget for the next fiscal year, allocating significant resources to defense in response to escalating regional tensions. The proposed spending plan is expected to exceed ¥114 trillion ($780 billion), reflecting a major shift in Tokyo’s fiscal priorities as it seeks to bolster its military capabilities against perceived threats […]
Analyst reworks Microsoft stock price target in software review
Microsoft’s stock price target has been revised by a leading analyst, citing strong demand for its cloud services and a robust software ecosystem. Azure, the company’s flagship cloud platform, continues to outperform, contributing significantly to Microsoft’s revenue. The analyst also pointed to advancements in AI-powered solutions as a core driver of future growth, supporting the […]
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Elon Musk’s xAI has announced a substantial $6 billion funding boost, signaling a major leap forward in its pursuit of artificial intelligence innovation. The funding round, backed by prominent tech investors and global venture capital firms, positions xAI as a significant player in the competitive AI landscape. This development underscores Musk’s ambitious vision to redefine […]
Russia Can Send Gas to Europe Via Several Routes, Novak Says
Russia’s Deputy Prime Minister Alexander Novak highlighted the country’s readiness to supply gas to Europe through various routes, even as geopolitical tensions and sanctions complicate energy trade. Speaking recently, Novak emphasized the availability of infrastructure, including the TurkStream pipeline and potential routes through Ukraine, despite operational and political challenges. This statement underscores Russia’s intention to […]
China extends EU brandy anti-dumping investigation by three months
China has prolonged its anti-dumping investigation into EU brandy imports by three months, intensifying scrutiny in the midst of rising global trade friction. The extension, announced by the Ministry of Commerce, aims to further assess whether European brandy producers are selling below market value, potentially harming domestic producers. Initially set to conclude this month, the […]
Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas
Asian stocks dipped on Tuesday as most global markets remained closed for Christmas, leaving traders to gauge broader trends in a subdued trading environment. Key indices in Asia reflected mixed sentiment, with limited market drivers due to thin volumes. Japan’s Nikkei 225 edged lower by 0.2%, while South Korea’s Kospi slid 0.3%. In contrast, Hong […]
Gold Steadies as Traders Focus on Uncertain 2025 Rate Path
Gold prices stabilized as investors balanced expectations of future interest rate changes in 2025 against a backdrop of economic uncertainty. With central banks globally navigating inflationary pressures and slower economic growth, gold’s appeal as a haven asset remained steady. Analysts noted that while the metal’s short-term movement has been subdued, its longer-term outlook hinges on […]
Big banks, business groups sue US Fed over annual stress tests
Major U.S. banks and industry groups have filed a lawsuit against the Federal Reserve, challenging changes to its annual stress test framework. The lawsuit, filed on behalf of prominent financial institutions, claims the modifications unfairly impact large banks by making compliance costly and overly burdensome. These stress tests, introduced after the 2008 financial crisis, are […]
Ripple update: XRP shows resilience in recent crypto market sell-off
Ripple’s XRP demonstrated notable resilience during a sharp downturn in the cryptocurrency market, marking a standout performance amid widespread sell-offs. While major tokens like Bitcoin and Ethereum faced double-digit losses, XRP managed to limit its decline, buoyed by increasing institutional interest and positive sentiment surrounding Ripple’s ongoing legal battles with the SEC. Market analysts attribute […]