markets

The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. Commerce Secretary Howard Lutnick confirmed the deal, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading...

Major U.S. indices have advanced between 18% to 27% year-to-date. The S&P 500 Index scaled its 52nd record high this year on Tuesday, Nov. 26. Bulls and Bears are locking horns as S&P 500 is on track to deliver 20% plus year-to-date gains for the second time. What Happened: Markets have...

Risk aversion dominated Wall Street in the final session of the week, driving sharp losses across major indices. Investors grappled with growing uncertainties surrounding the economic impacts of Donald Trump's policies and the Federal Reserve’s next moves. Fed Chair Jerome Powell's remarks...

The cannabis market is experiencing a rough patch after election day, with many top U.S. and Canadian cannabis stocks under pressure following Donald Trump‘s victory, the prospect of a GOP-controlled Senate and Florida’s rejection of Amendment 3 that would have legalized cannabis. As of...

Cannabis stocks are experiencing notable declines this Thursday, aligning with a general downturn across major economic indices. At the time of publication of this article, the S&P 500 index was trading down by 1.62%, the Nasdaq 100 by 2.44%, and the Dow Jones Industrial Average (DJIA) showed a...

This week, Kentucky and Delaware held crucial licensing lotteries as part of their state cannabis programs, each paving a new path for regulated medical and recreational cannabis markets. On October 29, Kentucky awarded its first 26 medical cannabis licenses through a lottery organized by the...

A new study published in Drug and Alcohol Dependence Reports found that usage among adults has surged, but teenage cannabis use maintained its yearly levels. The study, which analyzed data from over 543,000 people between 2013 and 2022, offers a closer look at how legalization and shifting...

After eight consecutive positive sessions, Wall Street hit a pause. The S&P 500 and Nasdaq 100 indices ended Tuesday’s session with slight declines, halting their best winning streaks since May 2024 and October 2023, respectively. The day was characterized by a lack of economic data,...

Jim Cramer, the host of CNBC’s “Mad Money,” expressed skepticism regarding the recent market movements of Apple Inc (NASDAQ:AAPL), Chipotle Mexican Grill, Inc. (NYSE:CMG), and Eli Lilly And Co (NYSE:LLY). What Happened: On Wednesday, Cramer questioned the rationale behind the...

Bill Gross, co-founder of PIMCO, also known as “Bond King” anticipated a significant escalation in the U.S. debt crisis. He compared the future implications of the nation’s $34 trillion debt to the slow yet destructive effects of climate change, predicting a potential spike in...

Amundi, a European asset management firm, has forecasted a slowdown in the growth of the U.S. economy, which could lead to a decline in the performance of top stocks in 2024. What Happened: Amundi, with $2 trillion under management, anticipates a less robust economic growth in the upcoming year,...

Prospects for diamond prices are looking brighter as a multitude of factors are set to drive up costs in the coming years. What Happened: A plethora of elements including tighter supply, increased demand, and a predicted surge in weddings are all contributing to the optimistic market outlook,...

The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), achieved historic all-time highs during the last session of the week, marking a significant milestone following more than two years since its previous peak. Major tech stocks led the broader U.S. stock market's rebound...

Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021. The second estimate of the U.S. GDP for the third quarter revealed...

Wall Street marked its fourth consecutive week in the green, despite reduced investor activity during the Thanksgiving holiday week. The major U.S. stock indices are steadily approaching their all-time highs: The S&P 500 index is now just 6% away from its January 2022 peak of 4,818, while the...