Gold prices surged to a new all-time high amid global trade war fears and interest rate cut expectations, with bullish momentum expected to persist above $3,000.
Investors may turn to the Japanese Yen amid uncertainties over “Liberation Day”. USDJPY has been consolidating in a symmetrical triangle since August 2024
US recession risk rises to 40% as Trump's tariffs threaten sentiment, supply chains & central bank flexibility. Sentiment cracks & slowdown could hit world economy hard.
British chip designer Arm Holdings explored acquiring semiconductor IP supplier Alphawave, but backed out due to discussions with SoftBank and Qualcomm. Arm expects 50% data center CPU market share by 2025 and has been accused of antitrust violations. Its stock is down 0.50% at $106.45 premarket.
Before the US market kicks off on Wednesday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.
WM announced openings of four new recycling and renewable natural gas facilities as part of its $3B sustainability initiative. Earth Month brings $323M in new/upgraded facilities with advanced technology and increased capacity.
Rivian shares drop as Q1 2025 deliveries fall 36.4% YoY, despite a 4.5% rise in production. The EV maker built 14,611 vehicles and delivered 8,640, aligning with previous forecasts.
