Browsing: Business

MENA Newswire, NEW YORK: Gold prices rose more than 1 percent on Monday, extending their recent gains as all major precious metals recorded strong performances at the start of the week. The rise marked a continuation of bullish momentum in the metals market, with gold reaching its highest level in over a week. Spot gold advanced 1.5 percent to $4,395.35 per ounce as of 01:19 GMT, maintaining its position close to record highs. The metal reached an all-time peak of $4,549.71 per ounce on December 26, 2025. U.S. gold futures for February delivery climbed 1.8 percent to $4,405.40 per ounce in early Monday…

MENA Newswire, NEW YORK, December 30, 2025: Former U.S. Treasury official Geng Ngarmboonanant has cautioned that Americans should be increasingly concerned not only about the country’s rising national debt but also about the shifting composition of those who hold it. In an opinion piece published by the media, Ngarmboonanant, who is now a managing director at JPMorgan Chase & Co. and previously served as deputy chief of staff to Treasury Secretary Janet Yellen, outlined how changes in the profile of U.S. debt holders are affecting borrowing costs and financial stability. Ngarmboonanant said that as the national debt exceeds 38 trillion dollars, the nature of…

NEW YORK, December 25, 2025: Consumer confidence has declined across major economies even as spending levels remain steady, underscoring a notable divergence between sentiment and behavior. Despite persistent concerns about inflation, high interest rates, and global economic uncertainty, households continue to sustain expenditure, supported by stable employment and gradual wage growth. In the United States, the University of Michigan’s consumer sentiment index and the Conference Board’s Consumer Confidence Index both recorded declines in recent months. Respondents cited higher prices for essentials such as housing, food, and transportation as key factors driving pessimism about personal finances. Similar trends have been observed in the eurozone, where consumer…

WASHINGTON, Dec 25: The yield on the 10-year U.S. Treasury note held steady on Tuesday as investors assessed the latest economic data and its implications for the Federal Reserve’s interest rate outlook heading into 2025. The move followed an upward revision in third-quarter U.S. gross domestic product (GDP) growth, underscoring continued strength in the economy despite elevated borrowing costs. The benchmark 10-year Treasury yield was little changed at 3.86 percent, holding near levels seen in recent sessions. The two-year yield, which closely reflects expectations for short-term monetary policy, edged lower to 4.35 percent, while the 30-year yield remained around 4.02 percent. Trading volumes were thin ahead of…

SANTA CLARA, California, December 24, 2025: Nvidia Corporation is preparing to resume exports of its H200 artificial intelligence chips to China by mid-February 2026, marking the company’s first shipments of the high-performance processors to Chinese customers since the United States eased certain export restrictions earlier this month. The planned resumption of shipments follows a shift in U.S. trade policy that allows Nvidia to supply advanced chips under newly defined regulatory parameters. According to confirmed company correspondence and regulatory filings, Nvidia has scheduled initial deliveries to major Chinese technology firms ahead of the Lunar New Year period. The first shipment will include between 5,000 and 10,000 H200 chip…

S&P 500 and Nasdaq rose Monday led by tech and energy gains as U.S. markets opened a shortened week with steady trading momentum.

WASHINGTON, December 18, 2025: The latest round of U.S. economic data is signaling a moderation in growth as consumer spending slows, industrial activity softens, and inflation remains above the Federal Reserve’s target. The figures suggest the economy is entering the final weeks of 2025 with less momentum than earlier in the year, even as the labor market continues to show resilience. Retail sales rose 0.1 percent in November, according to data released by the U.S. Commerce Department, undershooting market expectations and marking one of the smallest monthly gains this year. After adjusting for inflation, real spending showed little change, highlighting reduced household purchasing…

WASHINGTON, December 17, 2025: The Trump administration has announced a major federal hiring initiative known as the “U.S. Tech Force,” aiming to recruit approximately 1,000 technology specialists to modernize government systems and advance artificial intelligence capabilities across federal agencies. The program, introduced by the White House this week, marks one of the largest short-term technology recruitment efforts in U.S. government history. The U.S. Tech Force will focus on bringing experienced engineers, data scientists, cybersecurity experts, and software developers into government service for two-year appointments. These specialists will work on critical projects spanning artificial intelligence, data modernization, digital infrastructure, and cybersecurity. The initiative…

WASHINGTON, December 13, 2025: Gold prices climbed globally on Friday after the United States Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75%, marking the central bank’s third rate reduction this year. The decision strengthened gold’s position as a preferred safe-haven asset amid easing monetary conditions and moderating inflation data. Spot gold traded near a seven-week high at around $4,270 per ounce during late trading sessions. The rally was supported by lower U.S. Treasury yields and a softer dollar, which reduced the opportunity cost of holding non-yielding assets. Gold futures in New York and London also advanced, with trading volumes increasing sharply across major…

Dow reaches all-time high as investors move out of tech and AI trades after Oracle’s results reignite focus on value and defensive stocks.