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In a recent interview on CNBC’s “ETF Edge,” VanEck CEO Jan van Eck emphasized the importance of considering commodities in investment portfolios. According to van Eck, there has been a significant “big change” in the global economy, particularly with the resurgence of international expansion. China, the world’s second-largest economy, is identified as a key contributor
The Republican-controlled U.S. House of Representatives is gearing up to vote on a $95 billion legislative package that provides security assistance to Ukraine, Israel, and Taiwan. This move has sparked bitter objections from party hardliners, creating a rift within the Republican Party. Despite objections from some hardline Republican members, House Speaker Mike Johnson has decided
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The recent heavy rains in the United Arab Emirates caused severe flooding, disrupting operations for Emirates and flydubai. With nearly 400 flights cancelled and many more delayed, the airlines faced significant challenges due to the record storm that hit Dubai. This had a cascading effect on the airports, leaving thousands of travellers stranded and hindering
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In response to a recent order from the Australian regulator demanding the removal of certain posts related to the stabbing of a bishop in Sydney, social media platform X has vowed to take the matter to court. This order came after a 16-year-old boy was charged with a terrorism offence for the stabbing of Bishop
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The International Monetary Fund (IMF) recently highlighted the urgent need to address the challenges faced by low-income countries dealing with unsustainable debt burdens. This comes after reports from both the IMF and the World Bank raised concerns about the economic difficulties and future prospects of these nations. Despite ongoing efforts to recover from the COVID-19
As we approach April 19, 2024, investors are eagerly anticipating the quarterly earnings reports of major companies such as Procter & Gamble (PG), American Express (AXP), and Schlumberger (SLB). Procter & Gamble is expected to see a modest earnings increase of 3.65%, showing steady growth. American Express, on the other hand, projects a substantial 23.75%
The gold market has been on a wild ride lately, with prices surging past $2400.00 USD to hit a new all-time high. This unprecedented climb has been driven by a growing appetite for “safe-haven” assets, as investors seek refuge from escalating geopolitical tensions and economic uncertainty around the globe. The recent spike in geopolitical tensions,
Recent reports confirming Israeli missile strikes in Iran have heightened tensions in the Middle East, causing a wave of risk-aversion across financial markets. Explosions were reported in central Isfahan airport, with the cause still unknown. Additionally, radar battalions in Syria were reportedly hit, alongside speculations of warplane activity in Iraq. The S&P 500 futures slid