The vote by South Korea’s parliament to impeach President Yoon Suk Yeol on Saturday marked the culmination of a stunning political showdown sparked by his shock decision to impose martial law on the vibrant democratic country. Yoon, whose short-lived decree triggered weeks of protests and political turmoil, was suspended from office, after at least 12…
Silver saw strong gains in 2024, breaching the US$32 mark in the first half of the year and then the US$34 mark in October. Silver’s dual function as a monetary and industrial metal offers great upside. Demand from energy transition sectors, especially for its use in the production of solar panels, has created tight supply-and-demand…
While he sees further upside potential until about the end of January, ultimately he expects gold to move sideways or lower for multiple months before starting another big rally that will last four to six years. ‘That’s when the miners are really going to participate, and we’re going to see that everyone’s going to want…
Bitcoin hit a new record high of US$107,554 on December 16 following growing interest in Bitcoin as a potential reserve asset. The speculations were spurred by a statement from US President-elect Donald Trump about creating a strategic reserve for cryptocurrencies. “We’re going to do something great with crypto because we don’t want China or anybody…
The uranium market saw a flurry of activity in 2024, from setting 17 year highs to seeing an additional six countries join the original 25 countries committing to tripling nuclear power by 2050 at COP29. The energy fuel also played a prominent role in the US tech sector’s clean energy ambitions, while also being impacted…
Starting the year strong and setting a 17 year high of US$106 per pound the spot U3O8 market displayed another year performance in early January, the uranium spot price has spent the rest of the year consolidating, remaining rangebound between US$76 and US$86 since mid-June. Although prices faced consolidating headwinds during the second half of…
Stock futures are trading slightly lower Monday morning as investors gear up for the final month of 2024. S&P 500 futures slipped 0.18%, alongside declines in Dow Jones Industrial Average futures and Nasdaq 100 futures, which dropped 0.13% and 0.17%, respectively. The market’s focus is shifting to upcoming economic data, particularly reports on manufacturing and…
Stock futures climbed on Wednesday, driven by strong performances from Salesforce and Marvell Technology, following upbeat quarterly earnings. Futures tied to the Dow Jones Industrial Average rose by 215 points (0.5%), while S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced by 0.7%. Salesforce surged 12% after reporting fiscal third-quarter revenue that exceeded expectations, showcasing…
In the early years of Xi Jinping’s war on corruption, the Chinese leader consolidated control over the world’s largest military by taking down powerful generals from rival factions and replacing them with allies and proteges loyal to himself. A decade on, having given the People’s Liberation Army (PLA) a structural overhaul and stacked its top…
New Delhi (AP) — Zakir Hussain, one of India’s most accomplished classical musicians who defied genres and introduced tabla to global audiences, died on Sunday. He was 73. The Indian classical music icon died from idiopathic pulmonary fibrosis, a chronic lung disease, at a hospital in San Francisco, his family said in a statement. “His…
