Economy

Economy
Economy

Commodity wrap: Dollar strength drags gold, silver down; inventory drop boosts crude prices

Gold prices fell on Thursday as a stronger dollar weighed on demand among overseas buyers. Silver prices also fell sharply, mirroring the drop in gold. A stronger dollar makes commodities priced in the greenback more expensive for overseas buyers. Meanwhile, crude oil prices advanced on Thursday, recovering from two consecutive days of losses. This uptick

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Economy

US private sector adds 41,000 jobs in December, ADP shows

Private sector job creation turned positive in December, though hiring came in slightly below expectations, according to data released Wednesday by payrolls processor ADP. Companies added 41,000 jobs during the month, reversing a revised loss of 29,000 in November and offering a modest boost to confidence in a labour market that softened toward the end

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Economy

Nvidia CES 2026 announcements: 5 big takeaways from CEO Jensen Huang’s keynote

Nvidia CEO Jensen Huang dropped a bombshell at CES 2026: the company’s next-generation Vera Rubin AI platform is already in full production. During his Monday keynote, Huang announced that Rubin, a six-chip, extreme-codesigned system built to slash the costs of training and running AI models, is ready for partners this year. The move signals that

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Economy

US oil stocks soar on potential access to Venezuela’s massive reserves

Shares of US oil companies surged on Monday, a jump spurred by the potential to gain access to Venezuela’s massive oil reserves. Shares of Chevron, the sole US major currently operating in Venezuela’s oil fields, saw a 6.5% jump in premarket trading, according to a Reuters report. Meanwhile, refiners such as Marathon Petroleum, Phillips 66,

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Economy

Bitfarms to exit Latin America after agreeing to sell Paraguay mining site

Bitcoin miner Bitfarms is preparing to leave Latin America after agreeing to sell its remaining site in Paraguay, marking a decisive shift in its geographic and operational priorities. The move reflects a broader reassessment of where mining companies deploy capital as they balance volatile crypto prices with rising energy and infrastructure demands. By monetising assets

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Economy

Luxury brands face profit squeeze as discounting soars and shoppers question value

Luxury goods companies are facing renewed pressure on profitability after a sharp rise in discounting during 2025, as consumers increasingly question the value of high-end products following years of aggressive price increases. Industry data shows that as much as 40% of luxury goods were sold at discounted prices last year, undermining margins across the sector,

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Economy

Coinbase stock forecast as Brian Armstrong reveals 3 focus areas for 2026

Coinbase stock price has crashed by nearly 50% from its highest level in 2025, erasing billions of dollars in value. Its market cap has dropped from over $90 billion to ~$70 billion today. This article provides a forecast for the stock as Brian Armstrong delivers his key priorities. Why the Coinbase stock price has crashed

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Economy

What’s in store for Bitcoin in 2026: bullish forecasts vs bearish technical signals

Looking ahead to 2026, Bitcoin price forecasts present a sharp divide between institutional optimism and cautionary signals from historical chart patterns. While major banks and crypto-native firms continue to predict higher prices driven by structural shifts in the market, technical indicators suggest the risk of a prolonged drawdown remains significant. Institutional forecasts temper optimism Following

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Economy

3 ultra-high-yield stocks to consider for $300 of dividend income in 2026

Generating meaningful dividend income from modest capital requires disciplined stock selection and a clear mathematical framework. An allocation of $2,670 distributed equally across three carefully vetted ultra-high-yield securities, each offering yields exceeding 6%, can reasonably generate approximately $300 in annual dividend income. The challenge lies not in identifying high-yield opportunities, but in distinguishing between genuinely

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Economy

Raymond James’ top picks for 2026 aren’t AI stocks

Raymond James is steering investors toward opportunities outside the artificial intelligence boom. In its latest note to clients, the firm highlighted stocks it believes are positioned for strong gains in 2026. Rather than chasing the AI-driven momentum that has dominated large-cap valuations, analysts emphasised companies in delivery, dining, and financial services. The strategy reflects a

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