Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a … Read more
The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow. Wall Street’s main indexes had come under pressure in recent days, with the S&P 500 shedding 3.6% since the beginning … Read more
Indian biomedical tech entrepreneur Bhargav Sri Prakash has been awarded the first patent globally by the US patent office for a ‘digital vaccine’, a platform that prevents real world health issues through the metaverse. Digital vaccines use applications via smart-phones, tablets, and other similar devices for nudging positive human behaviour through neurocognitive training. Sri Prakash, … Read more