The cryptocurrency market has experienced a notable resurgence, with gains for top assets such as Bitcoin, Ethereum and XRP, coming amid significant capital inflows into digital asset investment products. According to the latest CoinShares Digital Asset Fund Flows weekly report, the sector recorded over $921 million in net inflows last week. This marks a comeback […]
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IREN stock price continued its strong rally, reaching a record high as traders waited for its earnings, and the artificial intelligence industry tailwinds gained steam. It jumped to a high of $76, bringing its market capitalization to over $20 billion. It has jumped by over 1,400% from its lowest level this year. IREN stock surges […]
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The Zimbabwe ZiG currency has done relatively well this year, helped by the ongoing gold price rally, weaker dollar, and the higher interest rates by Zimbabwe’s central bank. ZIG, whose ticker symbol is ZWG, has remained at 26.70 in the past few months, slightly above the January 1 level of 25.6. Soaring gold price has […]
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Momentum returned to crypto markets today, briefly lifting Bitcoin price above $116,000 as overall macro sentiment showed signs of improvement. The total crypto market capitalisation climbed past the $4 trillion mark for the first time in nearly two weeks, before settling near $3.9 trillion at the time of writing. Bitcoin’s rebound helped reignite risk appetite […]
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The US financial and political landscape saw significant developments on Wednesday, ranging from court interventions during the ongoing government shutdown to positive momentum in corporate and sovereign markets. Key updates include a federal judge blocking Trump administration layoffs, Tesla’s stock rebound ahead of its Q3 earnings, regulatory approval for a new tech-focused bank, renewed US […]
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Spanish carrier Air Europa has repaid in advance a €475 million ($505 million) loan granted by Spain’s Strategic Companies Solvency Support Fund (FASEE), which is managed by state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI). SEPI also said that the airline paid the corresponding interest on the EUR 1 billion loan. According to the Spanish news […]
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The USD/CAD exchange rate has held steady in the past few weeks as market participants react to the US and Canada trade war and the actions of the respective central banks. Here are the top three catalysts for the USD to CAD exchange rate this week. Canada consumer inflation data The first main catalyst for […]
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Italian fashion house Giorgio Armani SpA has appointed long-time company executive Giuseppe Marsocci as its new chief executive officer following the death of founder Giorgio Armani, signaling continuity during a critical transition period. Marsocci, who previously served as Armani’s chief commercial officer, will assume his new role immediately, the company said in a statement on […]
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The USD/ZAR exchange rate rose for the fourth consecutive day as market participants reacted to the latest South African inflation data and the upcoming speech by Jerome Powell at the Jackson Hole Symposium in Wyoming. It rose to a high of 17.75, up from this month’s low of 17.47. South Africa inflation is rising The […]
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In its largest carbon removal commitment to date, Google has partnered with Brazilian startup Mombak to finance the restoration of the Amazon rainforest, securing high-quality carbon credits to offset the substantial emissions generated by its energy-intensive data centers. The deal, according to the companies, is expected to offset 200,000 metric tons of carbon emissions, Reuters […]
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