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China's factory activity contracts for a second month
3+ hour, 25+ min ago (386+ words) China economy: The official manufacturing purchasing managers index, or PMI, slipped to 49 from 49.3 in January, a four-month low, the National Bureau of Statistics reported Wednesday. The figure from its monthly survey of factory managers is measured on a scale of…...
Gold climbs 1% as U.S.-Israeli strikes on Iran fuel safe‑haven demand
4+ hour, 56+ min ago (127+ words) Gold prices surged 1% on Wednesday, driven by escalating U.S.-Israeli air strikes against Iran that heightened geopolitical uncertainty and boosted safe-haven demand. This rebound followed a dip to a one-week low, influenced by a stronger dollar and reduced rate-cut expectations amid…...
US Stock Market | What war? Bulls stick to calls for 2026 rally
6+ hour, 52+ min ago (148+ words) Despite early year market stagnation and global shocks like geopolitical unrest and AI disruption, Wall Street bulls remain optimistic for the S&P 500, targeting a 10% rise by year-end 2026. Strategists cite expected strong US economic growth and corporate earnings, believing current…...
West Asia conflict hits luxury brands; Richemont, Zegna exposed
11+ hour, 31+ min ago (295+ words) West Asia conflict hits luxury brands; Richemont, Zegna exposed'The Economic Times The crisis in West Asia is adding pressure on the luxury sector, which is already struggling to emerge from a slowdown in demand, with groups such as Richemont and…...
As safe-haven gold surges again, loan demand to also shoot up
11+ hour, 34+ min ago (306+ words) Gold loan companies expect a significant increase in demand. Record gold prices, fueled by geopolitical tensions, are driving this trend. MSMEs and individuals are likely to seek quick, collateral-backed loans. This will help manage inventory, operational expenses, and cash flow....
Gold retreats on strong dollar, delayed rate-cut expectations
15+ hour, 57+ min ago (299+ words) Gold retreats on strong dollar, delayed rate-cut expectations'The Economic Times Gold prices drifted lower on Tuesday, weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially…...
Russia's central bank tries to sue EU over indefinite asset freeze
17+ hour, 27+ min ago (148+ words) Russia's Central Bank said Tuesday it had filed a lawsuit in Luxembourg against the EU's indefinite freeze on some $230 billion of Moscow's reserves imposed over its offensive on Ukraine. Russia's Central Bank said it had submitted a claim to the…...
Retirement reality check: Why most Americans have so little saved, and how to fix it
17+ hour, 46+ min ago (150+ words) Many Americans have very low retirement savings and depend mainly on Social Security income. Fewer workers now get pensions, which makes personal savings more important. Experts say starting early, investing monthly, and using 401(k) plans or IRAs can help build a…...
Eurozone inflation jumps to 1.9%, oil surge adds fresh pressure
19+ hour, 39+ min ago (321+ words) February saw a surprising jump in inflation across the euro zone, largely driven by rising costs for food and services. This increase could worsen if ongoing conflicts in the Middle East keep energy prices on an upward trajectory. Economists are…...
ASX closes lower with heavy losses in technology and healthcare; energy emerges as rare bright spot
21+ hour, 43+ min ago (295+ words) Australian shares experienced a significant downturn on Tuesday, March 3. The S&P/ASX 200 index saw a substantial drop, pulled down by heavy losses in technology and healthcare sectors. Energy stocks offered some lone support, but the overall market sentiment was…...
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