Bitcoin prices continued to slide under renewed macroeconomic pressure, despite dovish signals from the US Federal Reserve pointing to potential rate cuts later this year. The flagship cryptocurrency remained locked in a narrow trading band between $110,781 and $113,537, as the market held a cautiously optimistic tone. Across the broader market, total crypto capitalization struggled […]
Read More
The crypto market crash that started on Friday accelerated this week, with top coins being in the red. Bittensor (TAO) price plunged by 14%, while Aster, Immutable, Zcash, PancakeSwap, and DoubleZero being the top laggards. This article explains some of the top reasons why the crypto crash is happening. Crypto market crash happened after last […]
Read More
The World Economic Forum’s president, Børge Brende, has raised the alarm on three potentially dangerous financial bubbles that could reshape global markets in the coming months. Speaking in Brazil’s financial hub São Paulo this week, Brende warned that crypto assets, artificial intelligence investments, and mounting government debt levels each pose significant risks to economic stability. […]
Read More
US stocks were little changed on Wednesday as investors grappled with renewed valuation concerns surrounding the artificial intelligence trade, following mixed quarterly results from several leading technology companies. The Nasdaq Composite and the S&P 500 hovered near the flatline shortly after the opening bell, while the Dow Jones Industrial Average rose 62 points, or 0.1%. […]
Read More
Grupo Aeroportuario del Sureste ASUR.MX, the Mexican airport operator, has jumped to the front of the field of bidders for Motiva Infraestrutura de Mobilidade’s airport portfolio, said a Reuters report citing two sources with direct knowledge of the matter. The purchase, if concluded, would complement Asur’s existing activities beyond Mexico and would be a significant step […]
Read More
The US Dollar Index wavered on Wednesday morning as market participants waited for the key US macro data and the upcoming Federal Reserve interest rate decision. The DXY Index was trading at $98.80, up from the year-to-date low of $96.38. Federal Reserve decision and US macro data The US dollar index will be in the […]
Read More
The USD/JPY exchange rate pulled back slightly on Thursday as the market reacted the Federal Reserve and Bank of Japan (BoJ) interest rate decisions. It was trading at 148.75, a few points below this week’s high of 149.52. Fed and BoJ interest rate decisions The USD/JPY pair moved sideways after the Fed left interest rates […]
Read More
Asian currencies dropped sharply on Friday, with South Korea’s won and Malaysia’s ringgit suffering the steepest declines, as US President Donald Trump announced sweeping new tariffs on imports from dozens of trading partners. The move sparked a retreat from riskier regional assets, highlighting investor anxiety about the direction of global trade policy. The South Korean […]
Read More
The Nasdaq 100 Index struggled as investors awaited Jerome Powell’s speech at the Jackson Hole Symposium. The hope among investors was that he would deliver a hawkish statement because of the recent inflation data. In his speech, he delivered a dovish tone that hinted towards interest rate cuts in the upcoming meeting, citing the worsening […]
Read More
US equities eased on Monday as investors took a breather following last week’s rally and looked ahead to a series of key earnings and economic data. The Dow Jones Industrial Average slipped 89 points, or 0.2%, after surging to both intraday and closing records on Friday. The S&P 500 also fell 0.2%, while the Nasdaq […]
Read More