Wall Street Holiday: Nasdaq and NYSE to Close on November 28 for Thanksgiving
Wall Street Holiday: Nasdaq, NYSE to remain closed on November 28 on account of Thanksgiving holiday Wall Street holiday: US stock markets will remain closed on Thursday, November 28 and close early on Friday, November 29, in observance of the Thanksgiving holiday. According to the Securities Industry and Financial Markets Association, the Nasdaq Stock Exchange […]
Leading Buyers of Gold Now Include Eastern European Central Banks
“We need to reduce volatility,” Michl, who grew animated when queried on the subject, told Bloomberg Television earlier this month. “And for that, we need an asset with zero correlation to stocks, and that asset is gold.” The Czech policymaker isn’t alone in accelerating bullion purchases. Peers from Warsaw to Belgrade are joining the gold […]
Borealis Mining’s Captivating Narrative: Analyzing the Flawed Math in Trump’s Imminent Clash with China
Borealis Mining’s compelling story; The (bad) Math in Trump’s looming China battle Greetings Investors! It’s well known for those who follow or are invested in the sector that, by and large, precious metals-related stocks have done a poor job of keeping up with the strong 2024 run in the metals themselves (especially gold.) However today […]
Will the Canadian Stock Market Maintain Its Momentum?
Canadian equity markets have staged a remarkable rally over the past year, fueled by the Bank of Canada’s interest rate cuts. The Morningstar Canada Index is up shy of 24%, carving out new record highs in the final weeks of 2024. Since the Bank began cutting interest rates on June 5, the market is up […]
Electrovaya Provides a Shareholder Update including Unaudited Preliminary FY2024 Annual Financial Results and Positive Outlook for 2025
Electrovaya Inc. projects an unaudited FY2024 revenue of approximately $45 million with a 31% gross margin, alongside expectations for operating profit and improved adjusted EBITDA. For FY2025, revenue is anticipated to exceed $60 million, driven by renewed demand from major end users. The US EXIM Bank has approved a $51 million direct loan to support […]
Trump’s 25% Tariff Warning on Canadian Imports
US President-elect Donald Trump’s proposed tariffs—part of a broader plan targeting Canada, Mexico, and China—could have serious implications for Canada’s domestic manufacturing industry and economic recovery. Analysts warn that if implemented, the proposed tariffs could significantly weaken Canadian GDP growth while further straining the deeply interdependent North American production and trade system. Key sectors like […]
Mexican President Promises Retaliatory Tariffs in Response to Trump’s Tax Threat
Mexico president vows to retaliate with own tariffs against Trump’s tax threat | Mexico Mexico’s president Claudia Sheinbaum has rebuked Donald Trump’s threat to impose steep tariffs on Mexico, arguing the plan would do nothing to halt the flow of migrants or drugs bound for the US border, and vowing that Mexico would hit back […]
Brent Crude Prices Climb as OPEC+ Prolongs Production Cuts
Brent Crude – Oil Prices Rise as OPEC + Extend Output Cuts Most Read: Markets Weekly Outlook – US Elections and Central Banks Lead the Way Oil prices opened a $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Gain continued in both the Asian and early European sessions […]
Dow Rises as Trump Selects Scott Bessent for Treasury Secretary
Dow jumps after Trump picks Scott Bessent for Treasury US stocks were mostly higher Monday, with the Dow Jones Industrial Average (^DJI) touching intraday record highs amid optimism over President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary. Investors also looked ahead for a price check in the form of a Federal Reserve-favored inflation […]
Gold Prices Drop Following Reports of Easing Middle East Tensions
Gold extended losses after Axios reported that Israel and Lebanon have accepted the terms of a ceasefire agreement, though the parties have yet to make an announcement. Another factor in bullion’s decline was Donald Trump’s nomination of Scott Bessent for Treasury Secretary, a choice that many see would inject more stability into the US economy and financial […]