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Gold Prices Edge Higher on Geopolitical Tensions; Oil Gains

2024-12-24 | Market Analysis

Gold and Crude Oil Futures Close Lower

Gold prices fell in quiet holiday-season trading. Oil prices remained under pressure due to the dollar hovering near a two-year high.

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2024-12-24 | Current Affairs

Asia Markets Surge on Easing US Inflation Concerns

TODAY’S NEWS Asian shares surged on Monday thanks to a benign reading on U.S. inflation that restored hopes for potential policy easing next year. There was also relief that Washington managed to avoid a government shutdown. With last week’s central bank decisions behind, the current week is much quieter with only the minutes of a few of those […]

US Stock Market Dips Before Thanksgiving; Cambricon Soars

2024-12-20 | Market Analysis

Dow Stops 10-Day Slide, Oklo Soars 14% Amid Market Rebound

US stock market closed mixed as Dow ends its 10-day losing streak, its longest in 50 years, while Oklo surges over 14% after announcing a deal with Switch

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2024-12-20 | Weekly Economic Calendar

Weekly Economic Calendar for December 23rd to 27th, 2024

Greetings from Doo Prime! We’re reaching out to highlight the upcoming week’s important economic events and related currency updates from 23rd December 2024 to 27th December 2024 (GMT+8 Beijing Time). Due to the unpredictable nature of the market, significant fluctuations may occur during these events, potentially leading to market gaps. In light of this, Doo […]

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2024-12-20 | Current Affairs

Senators Urge Biden to Delay ByteDance’s TikTok Sale Deadline 

Two U.S. senators, Democrat Ed Markey and Republican Rand Paul, are calling on President Joe Biden to grant ByteDance a 90-day extension on the January 19 deadline for selling TikTok’s U.S. operations or facing a nationwide ban. The senators emphasized that the legal uncertainties surrounding the case and its potential impact on free speech warrant more time. 

Gold Prices Edge Higher on Geopolitical Tensions; Oil Gains

2024-12-20 | Market Analysis

Gold Rises, Oil Drops Below $70 Amid Fed Caution

Gold prices edge higher as Fed rate cut caution boosts the dollar, while oil falls below $70 amid demand concerns and global central bank restraint.

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2024-12-20 | Current Affairs

Amazon Workers Strike at Warehouses During Holiday Rush

Thousands of Amazon.com workers are set to walk off the job on Thursday at 6 a.m. ET (1100 GMT) at several key U.S. warehouses, just days before the peak of the holiday shopping season. The strike was called after union officials accused the e-commerce giant of failing to engage in contract negotiations. 

US Stock Market Dips Before Thanksgiving; Cambricon Soars

2024-12-18 | Market Analysis

US Market Lower, Dow’s Historic Losing Streak, QUBT Rockets 50%

US Market: Dow logs its longest losing streak since 1978 as tech stocks surge. Quantum Computing jumps over 50% on NASA contract, while NVIDIA enters correction

Gold Prices Edge Higher on Geopolitical Tensions; Oil Gains

2024-12-18 | Market Analysis

Gold Retreats, Oil Declines as Markets Brace for Fed Rate Decision

Gold dip as the US dollar strengthens ahead of the Fed’s final rate decision of the year, while oil declines for a second day despite a sharp drop in US crude

US Stock Market Dips Before Thanksgiving; Cambricon Soars

2024-12-17 | Market Analysis

US Markets Mixed, Broadcom Jumps 38%

US markets are on the move: Nasdaq hits a historic high, the Dow faces an 8-day losing streak, and Broadcom jumps 38%.