Business news

Brazil’s Azzas reports 35.8% drop in Q4 profit amid merger challenges

Azzas, one of the largest fashion groups in Brazil and Latin America, reported a net profit of R$168.9 million (approximately $28 million) for the fourth quarter of 2024, marking a 35.8% decline from the previous year. According to a report from loca...

US inflation cools, but tariffs pose threat in coming months, says ING

Inflation in the US dropped in February, but the market reaction remained muted.  Concerns persist that tariff-related price increases by companies may elevate inflation readings during the summer months, according to the ING Group. The February...

Oil prices rise as dollar dips, but Iraq’s supply surge poses risk

Oil prices saw a slight increase on Wednesday, primarily supported by a weaker US dollar, which makes the commodity less expensive for buyers using other currencies.  However, the upward movement of oil prices was limited by growing concerns abo...

Long XAU/GBP: strong support at key levels signals bullish momentum and potential upside breakout

Long XAG/EUR: bullish breakout from parallel channel signals strong upside potential with rising momentum

ECB reviews strategy: will supply shocks force a rethink on inflation targets?

European Central Bank President Christine Lagarde has issued a stark warning about the challenges ahead, arguing that abrupt shifts in global trade patterns and the evolving defense architecture of Europe will significantly complicate the ECB’s...

What is Behind Freshpet's Market Movements?

Highlights,Freshpet, Inc. (NASDAQ:FRPT) saw adjustments in institutional holdings during the recent quarter.,The stock opened at eighty‐three dollars and seventy‐eight cents with a market capitalization of roughly four billion dollars.,Quarterly repo...

EU strikes back with $28B tariffs on US goods as trade war escalates

The European Commission announced on Wednesday that it will implement counter tariffs on a substantial range of US goods, valued at 26 billion euros (equivalent to $28 billion), starting from next month, according to a Reuters report. This move marks...

Russian wheat exports expected to decline significantly in March: here’s why

SovEcon, a leading agricultural consultancy, has released its latest forecast for Russian wheat exports in March.  The firm estimates that exports will reach between 1.4 and 1.8 million metric tons this month.  This represents a significant...

Will Institutional Changes Impact Freshpet's Standing?

Highlights,Several financial institutions adjusted their positions in Freshpet, Inc. (NASDAQ:FRPT).,A well-known firm expanded its stake significantly during the later quarter.,The latest quarterly report revealed revenue and earnings performance tha...

Can Albertsons Companies Reshape the Food Retail Landscape?

Highlights,Proficio Capital Partners has recently acquired a significant stake in Albertsons Companies.,Institutional investors increased their positions during the third quarter.,The company operates within an expansive food and drug retail network....

Are Institutional Positions Shifting at Campbell Soup?

Highlights,Notable adjustments in institutional positions observed in Campbell Soup (NASDAQ:CPB).,A major financial management firm reduced its share significantly during the recent quarter.,The company retains a dominant presence in the food and bev...

Nio stock price surges as we predicted: what next for the Tesla rival?

Nio stock price has gone parabolic this week as investors bought the dip ahead of its closely watched earnings. The stock surged to a high of $5.35 on Tuesday, its highest level since December 9, and 32% above its lowest level this year. So, whatR...

Goldman Sachs cuts S&P 500 target to 6,200 amid rising market volatility

Goldman Sachs has revised its year-end 2025 target for the S&P 500 Index, cutting it from 6,500 to 6,200. The investment bank cited rising policy uncertainty, particularly related to tariffs, alongside concerns over economic growth as key reasons...

After Airtel, Reliance Jio strikes deal with SpaceX for Starlink internet in India

Mukesh Ambani’s Reliance Jio has forged a strategic partnership with Elon Musk’s SpaceX to introduce Starlink satellite internet services in India. The unexpected collaboration marks a shift in the telecom landscape, as the two billionaires had previ...

Here’s why T-Mobile stock price keeps beating AT&T and Verizon

The T-Mobile (TMUS) stock price continues to soar this year. It has jumped by 18% this year, while other telecommunication companies like Verizon (VZ) and AT&T (T) have jumped by 15.3% and 10%, respectively. This performance is a continuation of...

Trump’s Tesla purchase: A political statement amid Musk controversy?

US President Donald Trump purchased a red Tesla Model X on Tuesday in a public display of support for Elon Musk’s electric vehicle company, which has been under fire due to Musk’s involvement in the administration’s Department of Government Efficienc...

Top Nasdaq 100 index stocks dragging the QQQ ETF in 2025

The Invesco QQQ ETF, which tracks the Nasdaq 100 index, has crashed this year and moved into a correction after falling by over 12.8% from its highest level this year. It plunged to a low of $471, its lowest level since September last year. This arti...

TSX index pattern points to a bigger crash amid US Canada tensions

Canadian stocks and the loonie slipped this week as trade tensions with the US rose and as the market waited for the upcoming Bank of Canada (BoC) decisions. The TSX Composite Index crashed to C$24,248, its lowest level since November 5 last year. Si...

Here’s why crypto coins like Banana Gun, Onyxcoin, Hedera are rising

The cryptocurrency industry stabilised on Wednesday morning as some investors moved in and bought the dip. Banana Gun (BANANA) rose by over 42% to $15.7, bringing the seven day gains to 10%. Onyxcoin (XCN) token jumped by 17.15% to $0.01352, while He...