Posts by Stephanie Irvin
Retail investors to have more sway over Wall Street after record year
In 2025, retail traders shift to ETFs tracking equity indexes, crypto, and commodities [NEW YORK] Retail inflows into US stocks are set to hit a record in 2025, as individual investors become a major force behind a rally that is likely to extend into the next year on hopes of interest rate cuts, analysts said.…
Read MoreSingapore shares slip before Christmas break; STI down 0.1%
Meanwhile, the iEdge Singapore Next 50 Index rises 0.1% or 1.61 points to 1,448.61 [SINGAPORE] Singapore shares ended slightly lower on Wednesday (Dec 24) before investors took a break for Christmas, even as Wall Street closed higher on the back of a strong growth forecast for the US. The benchmark Straits Times Index (STI) slipped…
Read MoreAustralian dollar climbs to highest since Oct 2024 on RBA bets
[CANBERRA] The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift to raising interest rates early next year. The Aussie rose 0.2 per cent to 67.13 US cents, the highest since October 2024. The move extends its gain to 1.5 per cent this…
Read MoreLoaded supertanker returns to Venezuelan waters amid US interceptions: TankerTrackers.com
PANAMA-FLAGGED crude carrier Kelly, which had departed from Venezuela carrying oil last week, has returned to Venezuelan waters following the US interception of more tankers, monitoring service TankerTrackers.com said on Tuesday. The US Coast Guard on Saturday intercepted the Panama-flagged tanker Centuries, which was carrying some 1.9 million barrels of Venezuelan Merey heavy crude, and…
Read MoreEntrepreneurship and Access in Focus: Highlights From Axios Live Discussions
Axios Live is the Promise-based HTTP client’s biggest event of the year, which features talks, discussions, and demonstrations on web topics that clients use to extend their knowledge. 2025 was a huge year for Axios Live due to its top-tier generative-AI-focused lineup, featuring enterprise leaders like Bank of America’s Michelle Boston and Atlassian’s Zeynep Inanoglu…
Read MoreIndia’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap
This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee [MUMBAI] India’s central bank announced fresh measures aimed at boosting banking liquidity, including government bond purchases and a foreign-exchange (FX) swap. The Reserve Bank of India (RBI) will buy two trillion rupees (S$28.7 billion)…
Read MoreNovo Nordisk shares jump almost 8% after US approves Wegovy pill
The approval gives the drugmaker a first-mover advantage in the race for a potent oral weight-loss medicine [COPENHAGEN/LONDON] Novo Nordisk shares jumped nearly 8 per cent on Tuesday (Dec 23), after the US Food and Drug Administration approved its weight-loss pill. This gives the Danish drugmaker a competitive edge over rival Eli Lilly in the…
Read MoreGold sets 50th daily record this year on rate-cut bets and geopolitical risk
Gold has risen 70% this year, driven by strong central-bank buying and inflows into bullion-backed ETFs [LONDON] Gold rose to an all-time high on Tuesday (Dec 23) – the 50th day it’s broken records this year – as investors weighed escalating geopolitical tensions and the prospects for more US rate cuts. Silver also advanced to…
Read MoreAustralia central bank saw risk of rate rise in 2026 to contain inflation
Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent [SYDNEY] Australia’s central bank this month considered whether a rise in interest rates might be needed in 2026 given a recent pick up in inflation, but felt it would take…
Read MoreUS stocks push higher while gold, silver notch fresh records
WALL Street stocks pushed higher on Monday to begin a holiday-shortened trading week, while oil prices rallied amid worsening tensions between the United States and Venezuela. Gold and silver also struck fresh record highs, as the United States pushed on with its Venezuela oil blockade. US market watchers are expecting a low-key week, with equity markets closing…
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