US Politics & Business News
Mortgage rates reversed their recent downward trend at the start of the week, climbing to their highest level in two weeks after briefly dipping below the psychologically significant six percent threshold. The average rate on the 30-year fixed mortgage increased by 13 basis points to 6.12 percent, according to Mortgage News Daily, following several days…
Oil markets were jolted after OPEC+ agreed to raise output by 206,000 barrels per day from April, even as shipping disruptions intensified across the Gulf region. The decision coincided with conflict involving the United States and Israel against Iran, alongside Tehran’s retaliation, which disrupted flows from key Middle Eastern producers. The Strait of Hormuz, responsible…
Jamie Dimon, CEO of JPMorgan Chase, spoke at an investor meeting on Monday about the bank’s plans to redeploy staff as artificial intelligence reshapes roles, while urging society to prepare for broader economic consequences. Dimon explained that the bank is implementing significant internal measures to shift employees into new positions, ensuring displaced staff from automation…
Nvidia has cautioned that a global shortage of gaming chips may continue until the end of the year, compounding pressures already weighing on the video game industry. The warning came from finance chief Colette Kress during the company’s quarterly earnings call, where executives acknowledged persistent supply tightness despite robust overall demand. “As much as we…
Merrill Lynch Kingdom of Saudi Arabia is set to halt its market-making activities for Saudi Arabian Oil Co from February 8, following approval from the Saudi Exchange. The exchange confirmed the decision in a formal notice, marking a notable shift in trading dynamics for one of the region’s most closely watched stocks. Why Market-Making Matters…
British bank NatWest Group is closing in on a takeover of one of the UK’s largest wealth managers, with a deal for Evelyn Partners reportedly nearing the final stages. The proposed acquisition is expected to value Evelyn at around £2.5 billion, with market sources suggesting an announcement could arrive in the coming days if talks…
Shares of Oracle fell around three percent in premarket trading after the company unveiled plans to raise up to $50 billion while analysts flagged potential large-scale workforce reductions. The technology giant said it intends to generate between $45 billion and $50 billion in gross cash proceeds during 2026 to expand data center capacity for contracted…
The iGaming and gambling industry is expanding rapidly, driven by technological innovation, regulatory developments, and growing global demand. Operators, investors, affiliates, and players need reliable sources to stay informed about trends, market shifts, and regulatory changes. With many platforms providing news, it can be difficult to identify which sources are both authoritative and insightful. This…
Shares in German sportswear company Puma jumped sharply after news broke that China’s Anta Sports Products would acquire a major stake in the brand, immediately shifting investor sentiment and signaling a major change in the company’s ownership structure. The announcement pushed Puma’s stock up by around 15% in early Frankfurt trading, as markets reacted to…
Libya is preparing to sign a major long-term energy agreement that signals renewed ambition to stabilise and expand its oil sector through large-scale international cooperation. The agreement will be signed with France’s TotalEnergies and U.S.-based ConocoPhillips and will run for 25 years, marking one of the most significant foreign-backed energy commitments in the country’s recent…