The USD/MXN exchange rate continued its strong downward trend this month as investors waited for the coming Banxico interest rate decision. It was trading at 18.60 on Thursday, down by over 12% from its highest point this year. Banxico interest rate decision The USD/MXN pair will be in the spotlight on Thursday as Mexico publishes […]
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The USD/CHF exchange rate remains under pressure this week as market participants focused on the new tariffs on most goods imported from Switzerland. It was trading at 0.8040, down by over 13% from its highest point this year. US and Switzerland trade war The main catalyst for the USD/CHF is the new tariffs on all […]
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US stocks edged lower on Friday as investors booked profits following a week of strong gains and new record highs for the S&P 500. A fresh inflation reading underscored persistent price pressures, tempering optimism after Nvidia’s blockbuster earnings earlier in the week. Inflation data keeps Fed in focus The S&P 500 dipped 0.3%, the Nasdaq […]
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US equities fell on Tuesday as investors weighed higher bond yields and legal developments on trade policy, setting a cautious tone at the start of September, historically one of the weakest months for the market. The Dow Jones Industrial Average dropped 555 points, or 1.2%. The S&P 500 declined 1.3%, while the Nasdaq Composite slid […]
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The S&P 500 rose Wednesday, lifted by gains in tech shares after a federal court ruling in Alphabet’s antitrust case eased fears over the regulatory outlook for the sector. The S&P 500 climbed 0.4% on Wednesday, while the Nasdaq Composite gained 0.8% as strength in technology shares lifted sentiment. The Dow Jones Industrial Average underperformed, […]
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US President Donald Trump pushed back on speculation that his administration plans to pull federal subsidies from Elon Musk’s companies, saying he wants Musk and all American businesses to “thrive like never before.” The remarks came after growing chatter that Tesla, SpaceX, and other Musk-led ventures could face funding pressure from the government, especially as […]
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In a deepening public feud, Elon Musk has fired back at President Donald Trump’s assertion that his companies will continue to enjoy federal subsidies, with the tech billionaire stating unequivocally that these incentives have already been scrapped. This latest war of words marks a further deterioration in the relationship between the two powerful figures, a […]
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Elon Musk’s off-the-cuff confirmation that Tesla’s long-promised lower-priced electric vehicle will closely resemble a stripped-down Model Y has done little to rekindle excitement around the brand. The remark came during Tesla’s post-earnings call earlier this week, contradicting another executive’s attempt to avoid revealing design specifics. While speculation about a cheaper Model Y has been around […]
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The crypto market remained under pressure on Friday, with most tokens being in the red. Still, some notable tokens like XPIN Network (XPIN), Boundless (ZKC), and Zora (ZORA) rose, adding millions of dollars in value to their market cap. XPIN Network price soared amid ecosystem growth XPIN Network price went parabolic, moving from a low […]
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Bitcoin mining company Bitfarms Ltd. has upsized its convertible note offering to $500 million as it plans to ramp up investment in artificial intelligence and high-performance computing infrastructure. The North American crypto miner initially proposed raising $300 million through convertible senior notes due in 2031, but expanded the offering to $500 million just a day […]
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