Author: Arabian Media staff
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Sales at retailers rebounded in June after the White House dialed back high U.S. tariffs, as consumers temporarily shrugged off the trade wars and spent more on cars, clothes, do-it-yourself projects and dining out. Source link
The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dhs600,000 ($163,000) on a branch of a foreign bank operating in the country. The action was taken in accordance with Article (137) of Decretal Federal Law No. (14) of 2018 concerning the Central Bank and Organisation of Financial Institutions and Activities, along with its subsequent amendments. The sanction follows examinations carried out by the CBUAE, which found that the branch had failed to meet the requirements set out in the Market Conduct and Consumer Protection Regulations and Standards. Read: UAE Central Bank boosts gold reserves by over…
“No one seems to have an answer to this, including the Social Security Administration.” Source link
GE Aerospace’s stock rises toward a 25-year high after earnings beat expectations on multiple fronts and the full-year outlook saw a big increase. Source link
PepsiCo’s stock heads toward a three-month high after earnings beat expectations in contrast to a profit miss in the previous quarter. Source link
China’s central bank has been buying physical gold to add to its reserves for at least the last three years – and there’s growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.S. dollar. Source link
it’s been nearly three months since gold climbed past $3,500 an ounce to its highest price on record, but five key factors to emerge since the start of President Donald Trump’s second term are likely to support prices in the months ahead. Source link
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Former institutional trader Kevin Muir flags caution on chasing this market as he sees some big market whales nearing the end of a U.S. stock buying spree. Source link