President Donald Trump announced a landmark agreement Thursday with pharmaceutical giants Eli Lilly and Novo Nordisk to dramatically slash prices for their blockbuster weight-loss drugs, potentially cutting monthly costs from over $1,300 to as low as $149. The deal marks a major victory for the administration’s “Most Favored Nation” pricing push and signals a turning […]
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The USD/CHF exchange rate has plunged in the past three consecutive days, reaching its lowest level since July 24 as investors moved to the low-yielding Swiss franc. It dropped to a low of 0.7928, down by 14% from the year-to-date high. Top banks are favoring the Swiss franc The USD/CHF has pulled back in the […]
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Celsius Holdings Inc (NASDAQ: CELH) tanked well over 25% this morning even after the fitness and energy drinks specialist reported market-beating financials for its third quarter (Q3). What spooked investors was primarily a $247 million distributor termination charge related to its transition into PepsiCo’s distribution network. While substantial, it’s a one-time hit only – and […]
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OpenAI is laying the groundwork for a potential initial public offering that could value the company at around $1 trillion, according to recent reports from Reuters. The ChatGPT maker is considering filing with securities regulators as soon as the second half of 2026, with a possible listing in 2027, and has discussed raising at least […]
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The USD/JPY exchange rate rose for six consecutive days after the latest Japan inflation data and as traders reacted to the upcoming US figures. It rose to a high of 152.80, its highest level since October 9 this year. It has now jumped by over 9.17% from its lowest level this year. Japan inflation and […]
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Galaxy Digital has received a bullish endorsement from Morgan Stanley, which sees significant upside for the company as it strengthens its dual focus on artificial intelligence and digital assets. The investment bank initiated coverage of the stock with an overweight rating and a $42 price target, implying roughly 34% potential upside from Wednesday’s closing price. […]
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The cryptocurrency market took a nosedive on Tuesday, with Bitcoin plummeting 17% from its yearly high and major altcoins bleeding red across the board. Yet amid the carnage, an unlikely hero emerged, privacy coins. While Ethereum, Solana, and BNB suffered double-digit losses, Decred (DCR) skyrocketed 238% to $62, shattering a three-year record, while Dash (DASH) […]
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The USD/ZAR exchange rate has remained in a tight range in the past few months as the recent crash faded. It was trading at 17.40 on Friday, up slightly from the year-to-date low of 17.06. It remains 12.7% below the highest point this year. South Africa inflation data and SARB decision The South African rand […]
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US stocks declined on Thursday as investors assessed a fresh wave of Big Tech earnings and the outcome of President Donald Trump’s meeting with Chinese President Xi Jinping. The Dow Jones Industrial Average fell 131 points, or 0.3%, while the S&P 500 slipped 0.6% and the Nasdaq Composite dropped 0.8%. Shares of megacap tech companies […]
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The USD/TRY exchange rate jumped to a record high last week after Turkey published weak consumer inflation data. It was trading at 41.25, much higher than the January open of 35. This article explains what to expect ahead of the CBRT decision that could impact the carry trade opportunity. CBRT interest rate decision The USD/TRY […]
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