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Gold prices fell in European trading on Thursday, extending losses for a third consecutive session and nearing a two-week low, with the metal at risk of losing its foothold above the $4,000 per-ounce mark due to the continued strength of the US dollar in foreign-exchange markets. Investors are awaiting key US inflation data, scheduled for release later this week, for further clues about the path of interest rates. Price Overview • Today’s gold price: Spot gold fell 0.8% to $4,066.24, down from an opening level of $4,098.19, after reaching an intraday high of $4,129.66. • On…
Bitcoin rose more than 2% over the past 24 hours, climbing back above $109,500 as traders positioned themselves ahead of Friday’s release of the US Consumer Price Index (CPI) — the week’s most closely watched economic event. With most official economic data on hold due to the ongoing US government shutdown, investors expect the upcoming inflation report to be the only major indicator guiding markets this week. Analysts at QCP Capital wrote in a Thursday report: “The only data point that really matters this week is Friday’s CPI, as it will be the sole reading the Federal Reserve…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday ‘s key moments. 1. Stocks are bouncing back from Wednesday’s dip, as consumer staples, healthcare, and tech outperform the speculative stocks that had been driving the market recently. “Today is the reversion of regular stocks,” Jim Cramer said. Jim has been calling for a market rotation out of the speculative cohort — including quantum, nuclear, crypto, and rare earth stocks — into companies with strong track records and profits. “When I didn’t see the rest of the…
Bitcoin rose more than 2% over the past 24 hours, climbing back above $109,500 as traders positioned themselves ahead of Friday’s release of the US Consumer Price Index (CPI) — the week’s most closely watched economic event. With most official economic data on hold due to the ongoing US government shutdown, investors expect the upcoming inflation report to be the only major indicator guiding markets this week. Analysts at QCP Capital wrote in a Thursday report: “The only data point that really matters this week is Friday’s CPI, as it will be the sole reading the Federal Reserve…
CrowdStrike CEO George Kurtz pushed back on the narrative that artificial intelligence makes cloud-based software obsolete. “I don’t really buy that,” Kurtz told CNBC’s Jim Cramer on ” Squawk on the Street ” on Thursday morning. “I think you need software in order to be able to protect AI. They’re interrelated. It’s not like you just have one without the other.” That core argument of AI killing software is two-fold and has been developing ever since agentic AI – a new class of autonomous agents – has gained traction as a more automated way to operate a business. First, the…
Most stock markets in the Gulf ended higher on Thursday, helped by corporate earnings announcements and rising oil prices. Dubai’s main share index gained 0.7%, led by a 2.8% rise in toll operator Salik and a 1.8% increase in Emirates NBD Bank (ENBD) . ENBD, Dubai’s biggest lender by assets, reported a 23% increase in third-quarter net profit to 6.4 billion dirham ($1.74 billion), beating analysts’ expectations of 5.54 billion dirham, according to mean estimates compiled by LSEG. Elsewhere, Emirates Central Cooling Systems Corporation advanced 1.9%, a day after the firm signed a contract to construct its second district cooling…
FRANKFURT, Germany (AP) — The U.S. and the European Union are hitting Russia with another round of sanctions, aiming to cut into oil and gas export earnings that fund Moscow’s war against Ukraine.More than 3 1/2 years into the war, the effort remains a cat-and-mouse game, with Russia finding new ways to get around sanctions, and Washington and Brussels adding new ones and looking for ways to plug enforcement gaps. The chief target of the latest round: Russia’s biggest oil companies, Rosneft and Lukoil. New U.S. Treasury sanctions threaten their customers in India and China with retaliation that could include…
VILNIUS, Lithuania (AP) — Lithuanian President Gitanas Nausėda said that Russian military planes violated Lithuania’s airspace on Thursday evening, condemning the breach as a blatant infraction on the territorial integrity of his European Union and NATO-member country. Lithuania’s foreign ministry will summon Russian Embassy representatives in Vilnius, the Lithuanian capital, to protest the violation, Nausėda said in a post on the social media platform X. “This is a blatant breach of international law and territorial integrity of Lithuania,” Nausėda wrote on X. “Once again, it confirms the importance of strengthening European air defence readiness.”The Baltic nations are increasingly worried by…
With the US threatening to leverage its software strengths ahead of fresh trade talks with China in response to its recent export controls on rare earths, analysts say Beijing is unlikely to make major concessions, though progress could be made on issues such as soybeans or fentanyl.Washington is reportedly considering imposing curbs on a range of software-powered exports to China – from laptops to jet engines – according to Reuters, following a threat by US President Donald Trump earlier this month to introduce export controls on “any and all critical software” by November 1.As the world’s two largest economies gear…
Gold prices fell in European trading on Thursday, extending losses for a third consecutive session and nearing a two-week low, with the metal at risk of losing its foothold above the $4,000 per-ounce mark due to the continued strength of the US dollar in foreign-exchange markets. Investors are awaiting key US inflation data, scheduled for release later this week, for further clues about the path of interest rates. Price Overview • Today’s gold price: Spot gold fell 0.8% to $4,066.24, down from an opening level of $4,098.19, after reaching an intraday high of $4,129.66. • On…