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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Bitcoin exchange-traded funds (ETFs) are experiencing inflows for the third..
Exchange-traded funds (ETFs) for Bitcoin in the United States recorded strong performance on November 20, attracting financial inflows of $773.47 million, as Bitcoin reached record levels exceeding $97,000. According..
since Hour | Source: ArabicTrader -
Crude Oil Prices Surge Amid Strong Chinese Demand and OPEC+ Supply Concerns
Crude oil prices have seen a significant increase amid optimism regarding strong Chinese demand for oil, as fears grow in global markets concerning oil supply shortages. This rise coincided with reports..
since Two hours | Source: ArabicTrader -
Vibco's stock rises After Receiving Gold Category of 'Made in Saudi Arabia'..
The shares of Vibco, a leading company in packaging materials manufacturing, saw a notable increase on Thursday, rising by more than 3%, following the company's announcement of being awarded the prestigious..
since Two hours | Source: ArabicTrader -
Bitcoin achieves a record high and surpasses $97,000 for the first time ever.
Bitcoin experienced a strong increase in trading on Thursday, reaching a new record high after surpassing the $97,000 mark for the first time. This surge comes at a time when the market is seeing a growing..
since 3 hours | Source: ArabicTrader -
Nvidia Posts Record Quarterly Revenue Driven by AI Demand
Nvidia, the American chip and software manufacturing giant, announced record-breaking quarterly revenues of $35.1 billion for the third quarter of 2024, marking a 17% increase from the previous quarter..
since 4 hours | Source: ArabicTrader -
Financial market movements: U.S. Oil Inventory Data Sparks Market Shifts as..
Financial markets have witnessed strong movements recently despite the absence of significant economic data. However, oil prices were clearly affected following the release of U.S. oil inventory data that..
Wednesday 20 November 2024 06:38pm | Source: ArabicTrader -
Gold Prices Surge Amid Geopolitical Tensions and Safe-Haven Demand
Gold prices continued to climb significantly on Wednesday, driven by increased demand for the yellow metal as a safe haven amid rising geopolitical tensions, particularly due to the ongoing Russia-Ukraine..
Wednesday 20 November 2024 05:30pm | Source: ArabicTrader -
Federal Reserve's Lisa Cook Signals Potential Pause in Rate Cuts
Lisa Cook, a member of the U.S. Federal Reserve, highlighted on Wednesday that the central bank might consider halting interest rate cuts temporarily if inflation decelerates while the labor market maintains..
Wednesday 20 November 2024 04:52pm | Source: ArabicTrader -
U.S. Oil Inventories Exceed Forecasts for the third consecutive week
The U.S. Energy Information Administration (EIA) reported on Wednesday a higher-than-expected increase in U.S. oil inventories for the week ending November 15. According to the data, oil inventories rose..
Wednesday 20 November 2024 03:31pm | Source: ArabicTrader -
Bitcoin Soars to Record High of $95,000 Amid Market Optimism
Bitcoin experienced a significant surge during trading on Wednesday, reaching a new record high close to $95,000. This rally was fueled by growing demand, driven by widespread optimism regarding the future..
Wednesday 20 November 2024 02:41pm | Source: ArabicTrader -
US Dollar Index Rises Significantly Amid Strong Strong Bond Yields
The US dollar index has seen a significant increase during trading on Wednesday, due to rising demand for the US currency following a series of positive developments. This increase came to offset some..
Wednesday 20 November 2024 02:04pm | Source: ArabicTrader -
With the anticipation of NVIDIA's quarterly earnings results, what are the market..
Investors are currently awaiting the quarterly earnings results for the third quarter - or the fourth quarter of the fiscal year in the United States - from the American semiconductor maker and the largest..
Wednesday 20 November 2024 01:54pm | Source: ArabicTrader -
Goldman Sachs Predicts S&P 500 to Reach 6,500 Points by End of 2025
Goldman Sachs has projected that the S&P 500 Index, a key benchmark for U.S. stock markets, will reach 6,500 points by the end of 2025, according to a report released by the investment bank. The report..
Wednesday 20 November 2024 01:19pm | Source: ArabicTrader -
Saudi stocks stabilize after TASI reaches its highest level in a week.
The Saudi Stock Exchange index closed with a slight decline at the end of trading on Wednesday, as the general index (TASI) finished the session down by about 8 points at the level of 11,867.92 points,..
Wednesday 20 November 2024 12:56pm | Source: ArabicTrader -
After Bitcoin surpasses 94,000, MicroStrategy becomes one of the top 100 companies..
MicroStrategy, which describes itself as a Bitcoin development company, jumped 29 places in the performance of Wall Street transactions in the United States on Tuesday, allowing MicroStrategy to enter..
Wednesday 20 November 2024 12:44pm | Source: ArabicTrader
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