Shares of Qualcomm Inc. declined on Thursday even after the chipmaker reported quarterly results that topped Wall Street expectations, as investors weighed solid fundamentals against expense growth, soft automotive guidance, and persistent licensing concerns. Earnings beat and strong chip performance For its fiscal fourth quarter, Qualcomm reported adjusted earnings of $3.00 per share, surpassing analyst […]
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A series of major developments across defense, labor, and economic fronts marked a turbulent Wednesday in the United States. From the Trump administration’s decision to ease restrictions on Ukraine’s use of Western-made long-range missiles to labor disputes at Boeing, new sanctions on Russia, and renewed volatility in financial markets, policymakers and investors navigated a day […]
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Amazon Web Services is experiencing growth so extraordinary that even seasoned market analyst Jim Cramer is reaching for superlatives. While speaking with InsiderMonkey, the veteran investor called Amazon’s cloud division’s expansion “some of the most profitable growth the world has ever seen,” particularly after the company reported a 20% growth rate off a $132 billion […]
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The Turkish lira continued its slow downtrend and reached its all-time low as traders waited for the upcoming interest rate decision. The USD/TRY exchange rate rose to 41.94, up by almost 20% from its lowest point this year. It has soared by over 450% in the last five years. Why the Turkish lira is crashing […]
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Stocks were largely unchanged Thursday as investors processed quarterly earnings from major companies, including Tesla and IBM. The Dow Jones Industrial Average hovered near flat, the S&P 500 edged up 0.1%, and the Nasdaq Composite was also near breakeven. The prior session had seen notable declines, with the S&P 500 down about 0.5%, the Dow […]
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The cryptocurrency market has been extremely volatile in the last 24 hours after the FOMC meeting. While analysts expected a pump in Bitcoin’s price, the market turned red, with over $300 million worth of leveraged positions liquidated from the market within hours. Fed cuts interest rate, Bitcoin tumbles to $108k The primary event of October […]
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Cryptocurrencies are looking to bounce off intraday lows after a notable sell-off post Federal Reserve interest rate cut pushed Bitcoin to lows below $110,000. Major altcoins, including Ethereum (ETH), Ripple (XRP), Solana (SOL) and BNB (BNB), slipped under pressure as traders reacted to the Federal Reserve’s 25-basis-point rate cut — a move that analysts described […]
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A day of significant global developments is underway, as the US retail giant Target announces a major corporate restructuring, the International Monetary Fund (IMF) issues a new and more cautious forecast for Asian growth, and Elon Musk makes a stunning demand for the largest pay package in corporate history. These events paint a picture of […]
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The renminbi is performing well as the Chinese economy continues to thrive. The USD/CNY exchange rate plunged to a low of 7.1300, its lowest level since November last year and 3% below its highest level this year. Chinese yuan gains momentum The USD/CNY pair continued falling last week, helped by the Chinese economy, the roaring […]
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Tesla shares fell 2% on Friday, reversing gains from the previous session, as the National Highway Traffic Safety Administration (NHTSA) sought information about the company’s new driver-assistance mode, dubbed “Mad Max.” This mode, part of Tesla’s Full Self-Driving (FSD) system, reportedly allows vehicles to operate at higher speeds than other versions, with some drivers on […]
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