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El Corte Inglés Net Profit Rises 22.8% in FY25

Spanish retail group El Corte Inglés reported net profit of €628m ($728.6m) for the financial year ending 28 February 2026, a 22.8% increase on the previous year. Turnover for the period totalled €14.98bn, up from €14.78bn a year earlier, while total transaction value rose

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

SpaceX Market Cap Surpasses Amazon at $2.84 Trillion

SpaceX becomes one of the top five U.S. public companies by market value after its stock rises 6% in early trading. SpaceX’s market capitalization reached $2.84 trillion in pre-market trading Tuesday, briefly exceeding $3 trillion and overtaking Amazon. Shares traded at $2

  • mohammad501ps@gmail.com
  • June 16, 2026
  • gold

Record: 45% of Central Banks Expect to Buy More Gold in the Short Term

Demand for Gold by global central banks is anticipated to remain strong this year despite bullion prices rising over 120% in the last two years, data from the World Gold Council (WGC) published on Tuesday shows. The 2026 Central Bank Gold Reserves (CBGR) survey, conducted

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

Robinhood Slashes Workforce by 10% to Boost Efficiency

The fintech firm cuts approximately 10% of its full-time staff to streamline operations and accelerate product development. Robinhood Markets (HOOD) announced plans to reduce its workforce by roughly 10% as part of an effort to sustain a high-performance culture and improv

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

FHLC vs. IYH: Which Healthcare ETF is the Better Buy in 2026?

The Fidelity MSCI Health Care Index ETF (NYSEMKT:FHLC) offers a significantly lower expense ratio and broader diversification than the iShares U.S. Healthcare ETF (NYSEMKT:IYH), which may appeal to cost-conscious investors seeking wide sector exposure These two heal

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

Dave Ramsey Tells Couple Whose Kids Have Lead in Their Blood to Pause Their Debt Payoff: ‘what are We Doing It All For?’

Dave Ramsey Tells Couple Whose Kids Have Lead in Their Blood to Pause Their Debt Payoff: ‘What Are We Doing It All For?’ Quick Read - Dave Ramsey advised pausing debt payoff to fund a $10,000 lead-paint fix, warning unaddressed health hazards compound into far greater costs. -...

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

Vince Reduces Q1 Loss Amid Sales Gains, Raises Outlook

Contemporary brand Vince, buoyed by continued acceptance of its easy, California-influenced styling, reported solid sales gains and reduced losses for the first quarter of 2026. "Every channel outperformed," Brendan Hoffman, chief executive officer, told WWD. "The product is...</

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

UK Fashion Shipments Drop as Consumers Prioritise Speedy Deliveries

Fashion shipments dropped despite overall ecommerce volumes rising by more than 22%, according to new data from delivery management platform Scurri. The findings, taken in April and May 2026, suggest consumers are becoming more selective about discretionary purchases, with

  • mohammad501ps@gmail.com
  • June 16, 2026
  • stocks

MOL, Repsol, TPAO Secure Libyan Offshore Exploration Block O7

The consortium will explore a 10,300km² deepwater block in the Mediterranean, targeting seismic data collection and drilling. MOL Group, Repsol, and TPAO have signed a production sharing agreement for offshore hydrocarbon exploration in Libya’s O7 block. The consortium wil

  • mohammad501ps@gmail.com
  • June 16, 2026
  • central_banks

Silver Futures Open Higher Ahead Of Fed Meeting

Silver prices rise to a one-week high Silver July futures opened at $69.95 per ounce, 0.3% lower than Monday's close, but higher than yesterday's open. The price of silver firmed slightly in early trading to $70.55 per ounce. Silver prices have grown 93% over the

  • mohammad501ps@gmail.com
  • June 16, 2026
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