Market

Gold Rallies Amid Trade War Concerns; Analysts Maintain Bullish Outlook

Published on: February 11, 2025, 08:03 PM UTC

Federal Reserve Chair Powell weighs in on Elon Musk's access to Treasury payments system, CFPB funding, and Trump's potential removal of Fed board members.

Published on: February 11, 2025, 08:02 PM UTC

US stock markets saw mixed trading activity on Tuesday as investors assessed shifting tariff policies by President Trump and anticipated upcoming inflation data. Traders also digested the start of Federal Reserve Chairman Jerome Powell's two-day testimony before Congress, where he reiterated the Fed's stance on not commenting on trade policy and their slow approach to interest rate adjustments. US stocks overall showed mixed performance, with the Dow Jones Industrial Average edging slightly higher while the tech-heavy Nasdaq Composite declined. The tone remained cautious as investors awaited Trump's announcement of universal tariffs, while inflation concerns persisted ahead of the release of the Consumer Price Index and its wholesale counterpart this week.

Published on: February 11, 2025, 08:01 PM UTC

Tesla shares have tumbled 30% since mid-December, creating a potential trading opportunity for investors looking to buy put spreads. Despite the recent rout, Tesla shares are still the most expensive next to expected profits among mega-cap technology firms, suggesting further room for a potential downside.

Published on: February 11, 2025, 08:01 PM UTC

Acushnet (GOLF) stock surged 10% after the company's addition to the S&P SmallCap 600 index. Despite the technical tailwind, the company's fundamentals remain unchanged. Explore our analysis for an in-depth view.

Published on: February 11, 2025, 08:01 PM UTC

Crypto custodian services provider BitGo is reportedly considering an IPO later this year, joining a number of crypto companies looking to go public amid increasing regulatory support.

Published on: February 11, 2025, 08:00 PM UTC

Beats Powerbeats Pro 2 earbuds with heart rate monitoring and improved audio capabilities now available for $249.

Published on: February 11, 2025, 07:03 PM UTC

Tesla stock has plunged 28% since hitting a record high in December 2024, underperforming the "Magnificent Seven" tech stocks. Analysts cite weaker-than-expected sales in China, potential damage to Tesla's brand from CEO Elon Musk's association with President Trump, and new tariffs on steel and aluminum as reasons for the decline.

Published on: February 11, 2025, 07:03 PM UTC

Gold prices rise on trade war fears, analysts see more upside

Published on: February 11, 2025, 07:03 PM UTC

Federal Reserve Chair Jerome Powell assures the Senate Banking Committee that the Treasury payments system is secure and denies Elon Musk's attempted access to the Fed. Powell emphasizes the Fed's commitment to the integrity of the financial system and acknowledges the CFPB's unique role in overseeing consumer finance at large banks.

Published on: February 11, 2025, 07:02 PM UTC