Sat, Mar 16, 2024 12:50 PM
SIP vs SWP: What is the difference? Know through examples
A Flip by Riya Sharma
Puma's market value plummeted 22.8% after reporting lower-than-expected fourth-quarter sales and a drop in annual profit, raising concerns about its competitiveness against Adidas and Nike. Puma shares hit their lowest level since February 2018, with the company's relaunch of shoes like the Speedcat failing to impress, and new brands like On Running and Hoka creating more competition.
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The benchmark S&P 500 rose to a record closing high on Thursday, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices. At the World Economic Forum in Davos, Switzerland, Trump demanded that OPEC lower oil prices and that central banks reduce interest rates.
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Gold prices edged higher and were on track for a fourth straight weekly gain on Friday, as uncertainty about U.S. President Donald Trump's trade plans took wind out of the dollar's sail, boosting demand for the safe-haven asset. Spot gold edged up 0.2% to $2,760.40 per ounce, as of 0044 GMT and gained over 2% so far this week. U.S. gold futures added 0.1% to $2,767.60.
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