Gold fell as President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears as weekend clashes in the Middle East threatened a fragile ceasefire. Bullion traded near $4,689 an ounce, after rising around 2% last week. Peace progress was derailed again after Trump labeled Iran’s latest response to his proposal to end the co...
Gold fell as President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears as weekend clashes in the Middle East threatened a fragile ceasefire. Bullion traded near $4,689 an ounce, after rising around 2% last week. Peace progress was derailed again after Trump labeled Iran’s latest response to his proposal to end the conflict as “totally unacceptable.” The setback may keep the inflation risk elevated as well as the expectation for higher interest rates, which weigh on non-yielding bullion. Read More: Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Weekend attacks in the Middle East also underscored the fragility of the ceasefire that began on April 8. A drone strike on Sunday briefly set a cargo vessel ablaze off Qatar in the Persian Gulf. The United Arab Emirates and Kuwait also said they had intercepted hostile drones. Looking ahead, consumer price data due Tuesday is likely to affirm inflation remains a threat in the US, following March’s biggest monthly advance since 2022. Data released Friday showed that US employers added to payrolls for a second month in April, marking the first back-to-back advance in nearly a year, and the unemployment rate held steady at 4.3%. This offers the Federal Reserve space to keep interest rates unchanged for the foreseeable future as they focus on fresh inflationary risks from the war with Iran. Spot gold fell 0.6% to $4,689.29 an ounce as of 6:37 a.m. in Singapore. Silver was down 0.8% to $79.67. Platinum and palladium declined. The Bloomberg Dollar Spot Index , a gauge of the US currency, was up 0.1%.
Hong Kong’s economy first took off as a trading hub, and then as a global financial centre. Given its advantageous location, it’s only natural that it should be a logistics and transport powerhouse. It’s not for nothing that some of our most famous tycoons of the last century made their names in shipping. Since major ports along coastal China have taken some of the shine off the city, it is even m...
Hong Kong’s economy first took off as a trading hub, and then as a global financial centre. Given its advantageous location, it’s only natural that it should be a logistics and transport powerhouse. It’s not for nothing that some of our most famous tycoons of the last century made their names in shipping. Since major ports along coastal China have taken some of the shine off the city, it is even more important that we stay competitive and maintain our strategic maritime edge. That includes...
The stock market has spent much of 2026 acting like geopolitical risk is just background noise. The S&P 500 keeps pushing toward record highs, AI spending remains red hot, and investors have largely shrugged off the widening conflict involving Iran. But what if Tehran found a pressure point far more dangerous than oil tankers? That’s ... Iran May Have Found a New Way to Threaten Trump’s Economy — ...
The stock market has spent much of 2026 acting like geopolitical risk is just background noise. The S&P 500 keeps pushing toward record highs, AI spending remains red hot, and investors have largely shrugged off the widening conflict involving Iran. But what if Tehran found a pressure point far more dangerous than oil tankers? That’s ... Iran May Have Found a New Way to Threaten Trump’s Economy — And It’s Not Oil
Customers paid a collective $59 million toward a gold smartphone that Trump Mobile promised would be “Made in the USA” — but that doesn’t seem to have actually been made.
Customers paid a collective $59 million toward a gold smartphone that Trump Mobile promised would be “Made in the USA” — but that doesn’t seem to have actually been made.
Match of the Day pundit Danny Murphy explains why Arsenal manager Mikel Arteta deserves credit after his side beat West Ham to take a huge step towards the Premier League title.
Match of the Day pundit Danny Murphy explains why Arsenal manager Mikel Arteta deserves credit after his side beat West Ham to take a huge step towards the Premier League title.
CSL Ltd. cut its full-year outlook and flagged about $5 billion in additional impairments, saying a turnaround will take longer than expected after a review by its interim chief executive. The Australian biotech now expects revenue of about $15.2 billion and net profit of about $3.1 billion for the year ending June 30, 2026 — both at constant currency — after demand trends and market pressures wei...
CSL Ltd. cut its full-year outlook and flagged about $5 billion in additional impairments, saying a turnaround will take longer than expected after a review by its interim chief executive. The Australian biotech now expects revenue of about $15.2 billion and net profit of about $3.1 billion for the year ending June 30, 2026 — both at constant currency — after demand trends and market pressures weighed on performance, the company said in a statement Monday. Interim CEO Gordon Naylor said growth initiatives are “working” but that benefits will take longer to materialize, with inventory normalization in US immunoglobulin, weaker albumin pricing in China and other factors hitting revenue. CSL also warned of further non-cash writedowns tied to its Vifor acquisition and underutilized assets, adding to earlier impairments as it tries to reset strategy and restore growth.
For decades, the 4% rule has been one of the most widely cited guidelines in the context of retirement planning. The idea is simple -- withdraw 4% of your savings during your first year of retirement, adjust future withdrawals for inflation , and theoretically enjoy a portfolio that lasts roughly 30 years. The 4% rule has gained a lot of popularity over the years because it addresses a core fear a...
For decades, the 4% rule has been one of the most widely cited guidelines in the context of retirement planning. The idea is simple -- withdraw 4% of your savings during your first year of retirement, adjust future withdrawals for inflation , and theoretically enjoy a portfolio that lasts roughly 30 years. The 4% rule has gained a lot of popularity over the years because it addresses a core fear among retirees -- running out of money. The rule is based on actual market data. Image source: Getty Images. Continue reading
Cerebras Systems Inc. is considering raising its initial public offering price range to between $150 and $160 per share, up from $115 to $125 per share previously, Reuters reported on Sunday. The artificial intelligence chipmaker also plans to increase the number of shares offered via the IPO to 30 million from the 28 million it previous planned, the report said, citing unnamed sources familiar wi...
Cerebras Systems Inc. is considering raising its initial public offering price range to between $150 and $160 per share, up from $115 to $125 per share previously, Reuters reported on Sunday. The artificial intelligence chipmaker also plans to increase the number of shares offered via the IPO to 30 million from the 28 million it previous planned, the report said, citing unnamed sources familiar with the matter. The reported adjustment comes as the chipmaker saw strong demand from investors for its offering, which had already received indications of interest from investors for more than $10 billion of shares before formal marketing began. People familiar with the matter told Bloomberg on Friday that Cerebras expects to raise the price range to $125 to $135 per share as soon as Monday. Based on new price range and share offering reported by Reuters, the chipmaker could raise roughly $4.8 billion should the shares price at $160 per share.