Business news

Discovery Senior Living Announces Most Coveted Ticket in NYC July 4th at Its Iconic Senior Living Community "The Watermark at Brooklyn Heights"

Bonita Springs, Florida--(Newsfile Corp. - July 3, 2025) - Discovery Senior Living, (Discovery, or the Company) a leading operator of senior living communities...

South Africa chrome export tax sparks debate as miners warn of negative impact

The Minerals Council of South Africa has stated that the proposed chrome ore export tax will negatively impact the profitability of miners and result in job losses throughout the sector, according to a Reuters report. South Africa stands out as Afric...

US-Vietnam trade pact a mixed bag for Hanoi, ING warns

On Wednesday, US President Donald Trump unveiled a new trade agreement with Vietnam, marking it as the first Asian nation to secure such a deal with the US. This agreement stipulates a 20% tariff on imports from Vietnam, with a higher 40% tariff impo...

How Trump’s tax bill could give SoFi a big student loan windfall

Private student lenders such as SoFi Technologies Inc. could emerge as major beneficiaries of President Donald Trump’s proposed tax legislation, which introduces new limits on how much students and parents can borrow from the federal government. The...

Why gold above $3,000 is the new normal

Despite gold prices consolidating above $3,300, new bullish momentum is proving elusive as investors adjust to these elevated levels.  Nevertheless, one fund manager asserts that the current valuation is entirely warranted. Gold is holding stead...

Armani Group reports sales decline hit by luxury industry slowdown

Italian fashion house Armani Group recently reported a 5% decrease in sales for the past year, attributing the downturn to broader macroeconomic uncertainty and a deceleration in demand from the Chinese market. The Giorgio Armani established company...

Trump says US has reached trade deal with Vietnam, imposing 20% tariff on imports

President Donald Trump on Wednesday announced that the United States has reached a new trade agreement with Vietnam that includes a 20% tariff on all imports from the Southeast Asian nation and a steeper 40% tariff on goods transshipped through Vietn...

Mexican Peso rally faces reversal as US tariff freeze nears expiry

The Mexican peso, one of the top-performing emerging market currencies this year, is expected to lose ground in the coming months as a temporary pause on US tariffs expires next week, according to a Reuters poll of foreign exchange strategists. After...

Del Monte files for bankruptcy: what went wrong with the iconic food brand

Del Monte Foods, the American packaged food maker behind brands like Del Monte, Contadina, and College Inn, has filed for Chapter 11 bankruptcy as it looks to sell off most of its assets. The company, which operates under Singapore-based parent Del M...

UK’s Greggs feels the heat; shares dip as hot weather cools sales of hot bakes

Greggs, the well-known UK high-street baker, famous for its sausage rolls and hot savoury bakes, announced on Wednesday that uncharacteristically hot weather in June negatively impacted its sales for the month. The bakery chain experienced a roughly...

European renewable energy shares rally after US Senate passes budget bill

Following the US Senate’s passage of a revised budget bill, shares in European renewable energy companies saw a rise on Wednesday. This new bill offers a more favorable outlook for the wind industry than its previous iteration, according to a R...

World Bank forecasts continued surge in precious metal prices

Precious metals analysts at the World Bank project an upward skew for gold’s price over the next 18 months, according to a Kitco.com report. Meanwhile, silver and platinum are expected to extend their recent strength through 2026. “Precious met...

EU proposes 2040 climate target with carbon credit flexibility

On Wednesday, the European Commission is expected to propose an EU climate target for 2040.  The proposal will mark the first time that countries will be permitted to utilise carbon credits from developing nations to fulfill a restricted portion...

US oil production faces headwinds as rig count falls, reserves remain low

Lower oil prices have started to take effect on drilling activities in the US.  US crude oil production rose to a record level of 13.47 million barrels per day in April, according to the US Energy Information Administration. “There are some indi...

Senate passes Trump’s tax bill, here’s what you need to know

President Donald Trump’s multi-trillion-dollar tax and spending package recently advanced closer to enactment following its passage in the Senate. The Senate’s version of the legislation introduced several modifications compared to the ea...

Powell says Trump tariffs delayed rate cuts despite cooling inflation

Fed Chair says US interest rates would be lower if not for Donald Trump’s tariff plan. Federal Reserve Chair Jerome Powell on Tuesday acknowledged that the US central bank likely would have adopted easier monetary policy by now if not for President D...

Tesla shares plunge after Trump calls to evaluate Musk’s subsidies

Shares of Tesla (TSLA) faced significant pressure on Tuesday after President Donald Trump, in a late-night social media post, called for a federal review into cutting subsidies for Elon Musk’s companies. The President’s remarks immediately impa...

HSBC raises 2025 and 2026 gold price forecasts amid fiscal risks

Citing elevated risks and government debt, HSBC increased its average gold price forecast for 2025 to $3,215 an ounce from $3,015. Similarly, its 2026 forecast rose to $3,125 from $2,915. During times of economic uncertainty and geopolitical tension,...

Long XAU/EUR: recovery momentum strengthens after holding key support as buyers regain control

Copper price surge signals strain, but no acute shortage yet

The copper market is flashing warning signs of scarcity with spot prices on the London Metal Exchange trading well above the futures.  The cost of purchasing copper on Tuesday is higher than the futures contracts of the commodity. The premium on...