Yesterday, Antofagasta led a charge by miners on the FTSE 100 to lift the index out of the early morning slump, shooting up about 9% after Freeport-McMoRan set out the production impact from the suspension of its Grasberg Block Cave mine in Indonesia, the world's second largest copper mine. The firm said it would lower third-quarter consolidated sales by approximately 4% for copper and 6% for gold compared to its July estimates.
Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that hit smaller tokens hardest. Ether slumped as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated, according to data from Coinglass. Bitcoin declined 3% to $111,998 at one point. Coins like Solana, Algorand and Avalanche also slipped.
Despite the stock market's incredible September surge, IPO season has been relatively tame, at least compared to the first half. Undoubtedly, it may come as a bit of a surprise to some to witness StubHub (NYSE:STUB) dropping immediately out of the gate, especially when you consider the secular trends surrounding live experiences. Either way, I think the initial disappointment could set the stage for a shining buying opportunity at some point down the road.
Gold climbed as high as $3674.55/oz on Tuesday, propelled by escalating geopolitical tensions following Israeli military operations against Hamas leadership. Reports emerged of targeted strikes conducted by the Israel Defense Forces (IDF) and intelligence services against senior Hamas commanders, on Tuesday prompting a bout of market volatility. The IDF operation, reportedly executed in Doha, prompted sharp diplomatic condemnation from Qatari officials who denounced the action as a flagrant breach of international legal standards.
The AI crypto market is projected to expand from $3.7 billion in 2024 to $46.9 billion by 2034, highlighting the increasing reliance on AI tools like Grok 4 for trading. Launched in mid-2025, Grok 4 quickly became one of the most visited AI tools, with active users rising by 17%, a trend expected to grow as traders adopt it. Unlike basic news aggregators, Grok 4 offers real-time news analysis, sentiment evaluation and DeepSearch to filter noise and extract actionable trading insights.
From corner offices to checkout lines, businesses are scrambling as shaky markets test prices, patience, and loyalty. Tech is still the flashpoint- AI is fueling record demand while doubling as cover for layoffs and financial gymnastics. IPOs are slowly coming back, but only for companies that can prove they've got the growth to back it up. Meanwhile, D.C. drama over tariffs and the Fed is shaking currencies, commodities, and investor confidence.
Dubbed the " September Effect," this phenomenon sees the S&P 500 averaging a negative 0.8% return since 1926, the only month with a consistent negative average over nearly a century. Theories abound as to why: from portfolio rebalancing by institutional investors to tax-loss harvesting and post-vacation market jitters.
Over the past three years, families have made more than 18,000 claims for overpaid inheritance tax (IHT), with property sales contributing significantly to these claims.
The recovery of the NGX All Share Index amidst geopolitical tensions suggests potential for Nigeria's export receipts, but concerns about sustainability linger.