Global markets update: US stocks up marginally as investors await inflation data

Global markets update: US stocks up marginally as investors await inflation data

US stocks edged higher marginally on Monday as investors awaited inflation data, due to be released on Wednesday. US stocks edged higher marginally on Monday as investors awaited inflation data, due to be released on Wednesday. The S&P 500 gained 3.89 points, or 0.09%, at 4,402.84. The Dow Jones Industrial Average rose 167.86 points, or … Read more

Global markets update: US stocks gain, Tesla rallies

Global markets update: US stocks gain, Tesla rallies

US stocks gained on Monday in a holiday-shortened session. The markets were lifted by a rally in Tesla and strength in bank shares. US stocks gained on Monday in a holiday-shortened session. The markets were lifted by a rally in Tesla and strength in bank shares. The Dow Jones Industrial Average rose 10.87 points, or … Read more

Global markets update: US stocks rise as major banks clear Fed’s stress test

Global markets update: US stocks rise as major banks clear Fed’s stress test

US stocks rose on Thursday as banks rallied after Federal Reserve’s annual stress test showed that the biggest US banks have enough capital to weather a severe economic slump. The S&P 500 gained 20.18 points, or 0.46%, at 4,397.04 points. The Dow Jones Industrial Average rose 266.88 points, or 0.79%, at 34,119.54. The Nasdaq Composite … Read more

Billionaire John Paulson: central banks are replacing dollars with gold, you are better off investing in precious metal than USD

Billionaire John Paulson: central banks are replacing dollars with gold, you are better off investing in precious metal than USD

(Kitco News) Gold will increase in value while the U.S. dollar drops, said Paulson & Co. founder John A. Paulson. And that is the hedge fund manager’s outlook for this year, the next three years, and the next five years. “There has been a significant increase in demand from central banks to replace dollars with … Read more