Global stocks edged up on Monday as investors brace for a week full of earnings reports and central bank meetings. This week could see the United States and the UK potentially opening the door to interest rate cuts, while Japan may take steps towards “normality” by raising borrowing costs. Oil prices also inched up due
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Over the weekend, the movie Longlegs starring Nicolas Cage managed to rake in an impressive $6.7 million on 2,730 screens. This third week performance has allowed the film to surpass Parasite as the highest grossing film ever for the indie distributor. Not only that, but Longlegs has also claimed the title of the top grossing
Former President Donald Trump made headlines during his keynote speech at the Bitcoin Conference in Nashville by hinting at the possibility of establishing an official U.S. bitcoin strategic reserve. However, instead of committing to this revolutionary idea, he merely pledged to maintain the current level of bitcoin holdings acquired from seizing assets from financial criminals.
In the midst of a volatile market, investors are always on the lookout for stable investments that can help navigate the ups and downs. One such investment is Western Midstream Partners (WES), a limited partnership that owns and operates midstream assets in various states. What sets WES apart is its high dividend yield of 8.8%,
The assessment by Citi strategists on the potential impact of the 2024 US presidential election on oil prices suggests that under a Trump administration, the oil market could experience a net bearish trend. This could be attributed to factors such as trade tariffs, oil-and-gas-friendly policies/deregulation, and efforts to push OPEC+ to release more oil to
Donald Trump’s upcoming appearance at the biggest bitcoin conference of the year marks a stark shift from his previous stance on cryptocurrencies. Despite openly criticizing bitcoin during his time in the White House and expressing skepticism towards its legitimacy, Trump is now embracing the digital asset space. This change in position is reflective of the
Indian Prime Minister Narendra Modi’s upcoming visit to Ukraine has sparked controversy and raised eyebrows in the international community. This visit comes at a critical time, as Russia continues its war with Ukraine and faces sanctions from Western countries. Modi’s visit will mark his first time in Ukraine since the conflict began, and it follows
As we look ahead to 2025, the impact of the upcoming administration on the economy and financial markets is at the forefront of many traders’ minds. The uncertainty surrounding the policies and approaches of the new leadership raises questions about what to expect in the coming year. While a crystal ball may not be available,
The U.S. Department of Justice has taken a firm stance in requiring China-based ByteDance to sell TikTok‘s U.S. assets due to concerns about national security. The department argues that TikTok, under Chinese ownership, poses a significant threat because of its access to vast amounts of personal data of Americans. The fear is that China could
Billionaire investor Bill Ackman has decided to postpone the highly anticipated listing of Pershing Square’s U.S. closed-end fund. This decision was communicated through a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with no specific date announced for the
Disney and Marvel’s “Deadpool & Wolverine” has shattered expectations with a staggering $38.5 million in Thursday previews. This highly anticipated film is on track for a domestic opening of over $150 million, setting a new record for an R-rated movie. It is the first R-rated entry in the Marvel Cinematic Universe, making it a groundbreaking
As the Bank of England (BoE) prepares for its upcoming meeting, speculation looms large over whether the central bank will cut interest rates from their current 16-year high of 5.25%. With key policymakers remaining silent due to election rules, investors are left in the dark regarding the potential outcome of the decision. Interest rate futures
The highly anticipated movie, Deadpool and Wolverine, starring Ryan Reynolds and Hugh Jackman, is creating a buzz even before its release. According to sources in the box office industry, the movie is on track to shatter records for preview night numbers for an R-rated film. Initial projections suggest that Deadpool and Wolverine could bring in
This past week marked a significant milestone for the cryptocurrency markets as spot ether exchange-traded funds made their debut. Among the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission, Franklin Templeton was one of them. The firm introduced the Franklin Ethereum ETF (EZET), which has experienced a 10% decrease