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Gold is heading back toward the fresh 15-week highs of $4,697 in Wednesday’s Asian trades, reversing a brief dip below the $4,650 level. Gold buyers find renewed strength from a broadly subdued US Dollar (USD), as they look to reposition ahead of the US core Personal Consumption Expenditures (PCE) Price Index data for July.Gold awaits Fed’s preferred inflation gauge   After struggling a bit in Wednesday’s early dealings, Gold is looking to extend its recent uptrend as upbeat market mood undermines the USD’s safe-haven appeal.Renewed optimism surrounding the reopening of the Strait of Hormuz continues to weigh heavily on Oil prices, easing…

The Jensen Huang-helmed Nvidia (NVDA) delivered its second-quarter earnings print with its stock roughly 11% beneath the peak it set in May and around 8% beneath where it traded in mid-August, on the day it told the market it would stand behind up to $105 billion of a single customer’s rent. Then it beat everything. Revenue of $96.221 billion against a consensus near $92 billion. Adjusted earnings of $2.22 a share against $2.10. Data centre revenue of $89.023 billion against $86 billion. Third-quarter guidance of $108 billion against the $104 billion the street had pencilled in. Four for four, on…

The Mexican Peso loses some traction against the US Dollar on Wednesday as traders seem confident that the Federal Reserve could raise interest rates toward the end of the year, following a red-hot inflation report. The USD/MXN trades at 16.95, after reaching a daily low of 16.92.USD/MXN drifts high as US inflation offsets Banxico’s stronger growth outlookThe Greenback recovered as the Core PCE in July came aligned with estimates and matched June’s reading of 3.3% YoY. Following suit, the PCE headline reading for the same period held steady at 3.7% YoY for the second straight month, exceeding forecasts of 3.6%.Both…

The Swiss Franc (CHF) weakens against the US Dollar (USD) on Wednesday as the Greenback attracts buyers following the release of the latest United States (US) inflation data. Traders also remain attentive to developments in the Middle East. At the time of writing, USD/CHF trades around 0.8052, up roughly 0.47% on the day.The headline Personal Consumption Expenditures (PCE) Price Index rose 0.2% MoM in July, exceeding the 0.1% forecast and reversing June’s 0.1% decline. On an annual basis, headline inflation remained at 3.7%, above market expectations of 3.6%.Meanwhile, the core PCE Price Index, the Federal Reserve’s (Fed) preferred measure of…

Key PointsApple’s loyal customer base and attractive growth avenues make the stock worth holding through a market crash and beyond.Coca-Cola has a rock-solid business, a superior dividend program, and a massive remaining white space in its industry.10 stocks we like better than Apple ›Will there be a market crash within the next year or so? It’s hard to say. On the one hand, geopolitical and macroeconomic tensions are affecting broader equities. Things may intensify in the coming months and eventually lead to a full-blown bear market. On the other hand, it’s hard to predict these things, and for all we…

Imagine if the Super Bowl were held four times a year instead of once? That’s often how it feels covering earnings day for NVIDIA Corp (NASDAQ: NVDA), where the entire market stops to watch one company’s numbers and conference call. NVIDIA’s pull in the AI trade is so powerful that it often affects other companies in the semiconductor ecosystem, especially when revenue guidance comes in above expectations. The next anticipated report comes Wednesday when NVIDIA releases its Q2 fiscal year 2027 results, with the market expecting revenue of $92 billion at the top end and earnings per share (EPS) of…

If AI legal tech funding was a baseball game, this might be roughly the fifth inning. One already has a sense of top-performing players and which team is in the lead. Nonetheless, it’s much too early to confidently call a winner. It’s been a rapid progression to get here. In the past two years, venture investors have poured more than $7 billion into legal and legal tech startups, most with an AI focus. Funding to the space hit a record level last year, with $4.6 billion invested, per Crunchbase data. So far this year, legal tech startups have pulled in…

An aerial view of the Warner Bros. Studio lot on July 13, 2026 in Burbank, California. Justin Sullivan | Getty ImagesWarner Bros. Discovery is feeling whiplash.It was only last summer that the company said it would split itself in two and began the process of creating separate, publicly traded entities: Warner Bros., which would have housed the streaming and film units, and Discovery Global, which would have run its global linear TV networks. Change seemed to be happening at breakneck speed. The company was in the midst of an aggressive buildout for its HBO Max streaming platform, pushing into new…

Yes, mortgage interest rates are higher today, but only by a little.The average interest rate on a 30-year, fixed-rate mortgage rose to 6.64% APR, according to rates provided to NerdWallet by Zillow. This is eight basis points higher than yesterday and 10 basis points higher than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.This comes after a major inflation report dropped this morning, which showed that inflation is running above expectations — and above the Federal Reserve’s target. Average mortgage rates, last 30 days🤓 Kate on Rates: August…

Social media giant Meta has reached a settlement with US states and territories to resolve a court case related to child safety on Facebook and Instagram. The tech company will pay a maximum of $16.68bn (£12.26bn), according to court documents.The settlement requires Meta introduce certain rules for teenage users, including daily limits and night-time blocks.Meta denied wrongdoing in agreeing to settle. It was alleged the company had violated numerous federal and state privacy laws for children.The states suing Meta claimed it used its platforms “to entice, engage, and ultimately ensnare youth and teens,” and ignored the damage they did to…