The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus. This adjustment was not a recent development
US stocks rose on Friday, positioning major indexes for a positive end to a volatile week marked by sharp losses in technology shares and renewed concerns over cryptocurrency markets. The S&P 500 gained about 0.9%, while the Nasdaq Composite advanced 0.8%. The Dow Jones Industrial Average climbed 573 points, or roughly 1.1%. The gains pushed
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Eli Lilly reported stronger-than-expected fourth-quarter earnings and issued robust guidance for the coming year, as soaring demand for its GLP-1 drugs reaffirmed its dominance in the global weight-loss drugs market. The US pharmaceutical giant posted net income of $6.64 billion, or $7.39 a share, up from $4.41 billion, or $4.88 a share, a year earlier.
Polygon’s POL is one of the best performers among the top 100 cryptocurrencies by market cap. The coin takes a breather above $0.11 after adding 11% to its value in the last 24 hours. The rally comes as Polygon recorded its largest monthly burn of more than 25 million POL tokens in January. This latest
Brazilian telecoms operator TIM SA is negotiating to repurchase a 51% interest in a fibre-network company it once controlled in a deal that could be worth about $170 million, two people familiar with the matter said. If institutional investors win out, the move would represent a strategic about-face for the company, which sold the stake four
The Schwab US Dividend Equity ETF (SCHD) is doing well this year and is constantly beating the broader market, including the S&P 500 and the Nasdaq 100 indices. SCHD has jumped by 8.50% this year and is now hovering at its all-time high, while the S&P 500 has risen by just 1%. This article explores
US stocks were mixed on Thursday as investors balanced a fresh wave of earnings from major technology companies against the Federal Reserve’s latest interest rate decision and lingering political and geopolitical uncertainty. The S&P 500 edged up 0.1%, reflecting a cautious tone after the benchmark briefly crossed the 7,000 level in the prior session. The
Tesla Inc. posted its first annual revenue decline in 2025, underscoring how political shifts and growing consumer unease with Elon Musk’s activism are complicating the electric-car maker’s growth story just as competition intensifies. The company said fourth-quarter revenue fell 3% from a year earlier to $24.9 billion, broadly in line with analyst expectations, bringing full-year
Hang Seng Investment Management has launched a physically backed gold exchange-traded fund that gives investors direct exposure to bullion while also laying the groundwork for future blockchain-based access. The product comes as global asset managers explore ways to combine traditional commodities with tokenization, even as regulatory approvals remain a gating factor. Gold ETF details The