The USD/ZAR exchange rate has pulled back in the past few months and is hovering near its lowest level this year. It was trading at 17.16, a few points above the year-to-date low of 17. It remains down by over 14% below its highest level this year. Why the South African rand is rising The […]
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The Swiss franc rebounded against the US dollar as hopes of a deal between the US and the country continued. The USD/CHF pair was trading at 0.7990, down from this month’s high of 0.8117. It has crashed by 13% from its highest level this year. Swiss franc gains amid trade hopes The USD/CHF exchange rate […]
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Tesla stock extended its recent slide on Thursday, falling sharply after US United States Consumer Product Safety Commission (USCPSC) said the company should recall around 10,500 Powerwall 2 battery systems. Shares of the electric vehicle maker dropped 6.2% to $403.87 in midday trading, down $26.73, making it the worst-performing stock in the Nasdaq 100, according […]
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A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal challenge, brought by Elon Musk’s X Corp. and xAI, argues that Apple’s decision to embed OpenAI into the iPhone’s operating system gives the chatbot maker […]
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The crypto market crash intensified on Friday, Nov. 14, with Bitcoin and most altcoins leading the way. Altcoins like Story (IP), Aerodrome Finance (AERO), Jupiter (JUP), and Pudgy Penguins (PENGU) are the top laggards. So, will crypto go back up following this crash? Why the crypto crash is happening The crypto market crash is happening […]
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The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457. It has remained about 30% above its lowest level this year. So, is it safe to buy the DIA ETF dip? Why the Dow Jones Index has retreated The Dow Jones and […]
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The Dow Jones Industrial Average rose to fresh heights on Wednesday, extending its winning streak as optimism built around a potential resolution to the record-breaking US government shutdown. The 30-stock index added 349 points, or 0.73%, hitting a new intraday high during the session. The S&P 500 gained 0.04%, while the Nasdaq Composite slipped 0.34%, […]
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Professional investors are taking profits as the US stock market extends its record-setting run, leaving retail traders to carry much of the momentum in the ongoing bull market. But even the resilience of retail investors is slowing down, said Bank of America (BofA) According to client-flow data from BofA, hedge funds and other institutional clients […]
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House Budget Committee Chairman Jodey Arrington, R-Texas, will not seek re-election in 2026. The senior Republican lawmaker will have finished serving a decade in Congress when he leaves at the end of next year. ‘I have a firm conviction, much like our founders did, that public service is a lifetime commitment, but public office is […]
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Critics once called it isolationist. But national security experts now say Donald Trump’s ‘America First’ strategy is proving to be something else entirely — a hard-nosed policy of deterrence built on strong alliances, especially with Israel. Fred Fleitz, vice chair of the America First Policy Institute’s Center for American Security and former chief of staff […]
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