Asian markets fell Thursday as attacks on energy infrastructure in the Middle East pushed oil prices up. Japan’s Nikkei 225 saw a significant drop. Higher oil prices are impacting global markets. Investors are trimming risk as the conflict escalates. The US Federal Reserve kept interest rates unchanged, citing inflation uncertainty.Read More
Federal Reserve Chair Jerome Powell stated he will remain in his position until a successor is confirmed and a criminal investigation into the Fed is resolved. Powell’s term as chair ends in May, with Kevin Warsh nominated but not yet confirmed by the Senate.Read More
Spot gold dropped to a one-month low following the Federal Reserve’s decision to hold interest rates steady, with expectations of higher rates for longer. A stronger dollar and ongoing Middle East conflict, including an escalation involving Iran’s Pars gas field, further pressured gold prices.Read More
Unilever shares dropped as investors worried about a potential food business split. This comes soon after the company separated its ice cream brands. Analysts suggest the new CEO needs more time before further restructuring. The food business, including Knorr and Marmite, reported profits last year. Investors have long pushed for a sale of the slow-growing food division.Read More
Trade Desk shares dropped significantly after French advertising giant Publicis Groupe advised clients to avoid the platform. An independent audit found Trade Desk violated agreement clauses. Publicis confirmed the findings and will no longer recommend Trade Desk. Trade Desk disputes the audit’s conclusions. The company faces strong competition in the ad tech market.Read More
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