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Oil prices surged Monday following OPEC+’s decision to maintain current production levels for the first quarter of 2026, signaling caution amid concerns of a potential supply surplus. Brent crude futures rose 94 cents, or 1.51 percent, to $63.32 per barrel by 2327 GMT. US West Texas Intermediate crude increased 90 cents, or 1.54 percent, reaching … Read more
MSTR shares fell sharply this week as MicroStrategy’s stock continued to mirror bitcoin’s steep downturn, triggering renewed concern among retail traders and institutional analysts. The stock is down about 40 percent from its October peak, following bitcoin’s slide from its record high of $104,050 on November 13 to about $90,903 on Friday. The drop pushed … Read more
The US State Department said Friday it had significantly expanded its capacity at the US Embassy in Seoul to process more business visa applications from South Koreans. The move comes after a September immigration raid on a major South Korean run factory in Georgia sparked outrage in Seoul and concerns that foreign investment could dry … Read more
Wingtech, the Chinese parent company of Netherlands based semiconductor firm Nexperia, accused its Dutch unit on Friday of attempting to permanently strip it of control and restructure the company toward a “non Chinese supply chain.” The sharp statement followed an open letter published a day earlier by the Dutch arm of Nexperia, deepening a corporate … Read more
Brent crude oil futures held steady on Friday as drawn out Russia Ukraine peace talks kept geopolitical risks elevated, while traders monitored the upcoming OPEC+ meeting for potential signals on global supply. US West Texas Intermediate (WTI) futures, however, were disrupted by a system outage at CME Group, halting trading on the exchange for several … Read more
South Korea imposed sweeping restrictions on the Cambodia based Prince Group on Thursday, joining a widening international campaign aimed at dismantling what officials describe as one of the most sophisticated scam networks operating across Southeast Asia. The move marks the first time Seoul has issued independent sanctions targeting transnational organized crime and represents the largest … Read more
The dollar set for biggest weekly fall in four months on Thursday as expectations of further monetary easing in the United States deepened and political pressure on the Federal Reserve intensified. Thin liquidity during the Thanksgiving holiday added to sharp swings across major currencies, with the Japanese yen edging higher and the euro drifting lower … Read more
Alphabet hits record highs in early trading as Wall Street’s recovery rally continues, even as new warnings from investor Michael Burry, intensifying Ukraine peace negotiations and shifting expectations at the Federal Reserve reshape sentiment across global markets. The renewed optimism pushed the Dow more than 660 points higher Tuesday, extending a rebound fueled by hopes … Read more
Nvidia Corp.’s recent stock decline has sparked debate among investors and market analysts over whether the selloff reflects fundamental weaknesses or broader investor anxiety. CNBC’s Jim Cramer said Tuesday that fears surrounding Nvidia and other artificial intelligence companies may be overblown and not grounded in company performance. “You either believe in artificial intelligence or you … Read more
Australia’s consumer inflation accelerated faster than expected in October, rising at its quickest pace in seven months and reinforcing concerns that cost pressures remain stubborn across the economy. The Australian Bureau of Statistics said Wednesday that the consumer price index increased 3.8 percent year over year, surpassing economists’ expectations and marking a significant jump driven … Read more
