Economic News
Follow the latest and most important economic news around the world, economic and business news, financial markets, stock exchanges and more...
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Financial Market Summary: The dollar is clearly declining, while oil stands..
The financial markets experienced notable movements today, influenced by important economic data, most notably the US Job Openings and Labor Turnover Survey (JOLTS) report for October, which showed strength..
Tuesday 03 December 2024 06:38pm | Source: ArabicTrader -
Goldman Sachs: Trump's Policies Likely to Strengthen U.S. Dollar by 2025
Economic analysts at Goldman Sachs forecast that the policy measures introduced by newly elected U.S. President Donald Trump, including steep tariff hikes and significant tax cuts, will bolster the U.S...
Tuesday 03 December 2024 05:31pm | Source: ArabicTrader -
U.S. Bitcoin ETFs Attract $353.67 Million in Inflows
Bitcoin exchange-traded funds (ETFs) in the U.S. witnessed substantial inflows of $353.67 million on December 2, marking their fourth consecutive day of positive momentum, as reported by SoSoValue. The..
Tuesday 03 December 2024 04:55pm | Source: ArabicTrader -
U.S. Job Openings Report for October Surpasses Expectations
The U.S. Bureau of Labor Statistics released the Job Openings and Labor Turnover Survey (JOLTS) report for October today, Tuesday, revealing results that exceeded expectations and further reinforced market..
Tuesday 03 December 2024 03:01pm | Source: ArabicTrader -
Tesla Shares Drop Sharply as Court Cancels Elon Musk's Compensation Package
Tesla's shares faced a notable decline during pre-market trading, following a contentious court ruling that annulled a substantial $56 billion compensation package awarded to the company's CEO,..
Tuesday 03 December 2024 12:31pm | Source: ArabicTrader -
Gulf Company for Training and Education Receives (A-) Long-Term Credit Rating
The Gulf Company for Training and Education announced in a statement via the Saudi Stock Exchange (Tadawul) that it has been awarded a long-term credit rating of (A-) with a stable outlook, alongside a..
Tuesday 03 December 2024 10:53am | Source: ArabicTrader -
Gold Prices Rise Amid Fed Rate Cut Expectations and Escalating Geopolitical..
Gold prices edged higher during Tuesday's trading session, buoyed by strengthened market expectations of a possible US interest rate cut in December. This optimism was further fueled by remarks from..
Tuesday 03 December 2024 09:41am | Source: ArabicTrader -
Oil rises amid reports of extending production cuts and violations of the Lebanon..
Crude oil prices recorded a notable increase during trading on Tuesday, supported by reports indicating that the "OPEC Plus" alliance intends to extend production cuts until the end of the first quarter..
Tuesday 03 December 2024 08:48am | Source: ArabicTrader -
Reuters: OPEC+ intends to extend production cuts until the end of the first..
Reuters reported on Tuesday, citing informed sources within the OPEC+ alliance, that the group is likely to extend its current oil production cuts until the end of the first quarter of 2025. This move..
Tuesday 03 December 2024 08:24am | Source: ArabicTrader -
Trump Vows to Block "Nippon Steel" Acquisition of "U.S. Steel"
Donald Trump, the elected president of the United States, announced on his platform "Truth Social" that he is committed to preventing the $14.9 billion acquisition of U.S. Steel by the Japanese company..
Tuesday 03 December 2024 08:10am | Source: ArabicTrader -
Swiss Inflation Slows in November, Falling Below Market Expectations
Data released by the Swiss Federal Statistical Office on Tuesday revealed that Switzerland's Consumer Price Index (CPI), a key indicator of inflation, grew at a slower annual pace in November than..
Tuesday 03 December 2024 07:32am | Source: ArabicTrader -
Financial Markets Witness Mixed Movements Amid Economic and Geopolitical Factors
The financial markets exhibited a range of mixed movements today, Monday, influenced by significant economic and geopolitical developments. Chief among these was former US President Donald Trump’s..
Monday 02 December 2024 06:23pm | Source: ArabicTrader -
The dollar rises at the beginning of weekly trading due to Trump's threats!
The US dollar experienced a noticeable rise at the beginning of the weekly trading, coinciding with its benefiting from threats made by the elected US President, Donald Trump, in which he indicated that..
Monday 02 December 2024 05:08pm | Source: ArabicTrader -
Shares of a major American company rise by more than 20% for this reason!
Shares of Super Micro Computer experienced a significant increase of over 20% during trading on the U.S. stock market, following the announcement of the results of an independent special committee's investigation..
Monday 02 December 2024 03:36pm | Source: ArabicTrader -
Urgent.. Release of the ISM Manufacturing Purchasing Managers Index data for..
The Institute for Supply Management (ISM) released on Monday the Manufacturing Purchasing Managers' Index (PMI) data for November, which showed positive results that exceeded market expectations. The index..
Monday 02 December 2024 03:01pm | Source: ArabicTrader