Wall Street Declines Amid Investor Caution and Strong Retail Sales Data U.S. stock markets opened lower on Tuesday as investors exercised caution ahead of this week’s Federal Reserve decision on interest rates. The decline came in response to strong retail sales data, indicating sustained consumer demand. The Dow Jones Industrial Average dropped 61 points, or […]

n the summer of 2023, South Africa, a BRICS member, announced the acceptance of six new countries (Saudi Arabia, UAE, Egypt, Argentina, Ethiopia, and Iran) to join the bloc starting January 2024. This expansion is historic, as it includes three major oil-producing nations, potentially weakening the petrodollar, which has underpinned global oil trade since the […]