Gold prices rose slightly after hitting a two-week low, driven by bargain buying ahead of the U.S. non-farm payrolls report. Signs of easing U.S.-China trade tensions also influenced market sentiment, reducing demand for safe-haven assets.
Wall Street saw solid gains as strong earnings from Microsoft and Meta boosted investor confidence and lifted major indexes. The rally came despite ongoing concerns over global trade policies and mixed economic data.
Dubai is strengthening its position as a global crypto hub, drawing thousands to the TOKEN2049 conference amid a slowdown in global market momentum. As U.S. regulatory progress stalls, the industry looks to the UAE for renewed energy and growth opportunities.
General Motors has lowered its 2025 profit forecast, anticipating up to $5 billion in tariff-related costs. The company plans to offset the impact by boosting U.S. production and tightening spending.
Barclays reported a stronger-than-expected first-quarter profit, driven by a surge in trading activity and solid growth in UK lending. The bank also benefited from market volatility caused by U.S. tariff tensions, helping boost its investment banking performance.
Oil prices recorded their sharpest monthly drop since 2021 due to rising supply and falling demand amid global trade tensions.
Weak economic data from the U.S. and China further pressured the market, raising concerns over future fuel consumption.
Stocks and the U.S. dollar inched up after the Trump administration said it may ease some auto-related tariffs, responding to pressure from automakers. Markets remain tense as U.S.-China trade talks stall and key economic data and company earnings are due this week.
Gold prices fell as easing U.S.-China trade tensions reduced demand for safe-haven assets. Investors now await key U.S. economic data that could influence future price movements.
Cantor Fitzgerald, Tether, and SoftBank have launched Twenty One Capital, a new Bitcoin-focused venture aiming to ride the crypto boom fueled by Donald Trump's lighter regulation promises. With over 42,000 bitcoins and a Nasdaq listing ahead, the firm is set to become the third-largest Bitcoin holder.
After hitting a record high of $109,350 in January, Bitcoin fell sharply but recovered to over $83,000 by March's end. The crypto market showed mixed trends, with new regulations, volatile prices, and growing institutional interest shaping investor sentiment.
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The company recently announced the acquisition of UK courier company Yodel in an effort to strengthen its position as the nation's third-largest independent logistics operator.
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Investors reacted positively to the news, pushing shares higher, despite ongoing uncertainty over Trump's trade policies.
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