Bitcoin extended its slide today as markets remained jittery in the face of mounting macroeconomic pressures and aggressive selling by large holders. The total crypto market capitalisation shed more than 5% in just 24 hours, dropping close to the $3.6 trillion mark, its lowest level since August. Sentiment took a sharp hit, with the Crypto […]
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Investors are cheering Unity Software Inc (NYSE: U) this morning after the video game software development firm posted a better-than-expected Q3 and raised its guidance for the full year. The new investors seem excited as the company’s management struck an optimistic tone in the earnings release – citing “meaningful outperformance” and improved cost discipline. Beneath […]
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Bank of America has expressed renewed optimism about Sandisk’s future, maintaining its “buy” rating on the flash memory manufacturer while raising its price target to $230 per share from $125. The revised forecast implies an 18% upside from the company’s last closing price on Tuesday, signaling continued confidence in Sandisk’s growth trajectory despite its already […]
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Tesla stock was in green on Wednesday morning, with investors holding their positions ahead of the company’s highly anticipated annual shareholder meeting scheduled for Thursday. The stock was up over 1.6% at $450.51 in early trading, while the S&P 500 dipped 0.1% and the Dow Jones Industrial Average edged 0.1% higher. Today’s trading follows two […]
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The South African rand continued its bullish momentum this week, even as trade relations with the United States deteriorated. The USD/ZAR exchange rate dropped to a low of 17.72, its lowest level since July 25, and 3.3% below this month’s high. South African rand surges despite risks The USD/ZAR exchange rate has slumped this month, […]
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The AUD/USD exchange rate and the ASX 200 Indices held steady on Monday morning as traders waited for the upcoming Reserve Bank of Australia (RBA) interest rate decision. The ASX 200 was trading at $8,840, a few points below the all-time high of $8,860. On the other hand, the AUD/USD exchange rate was trading at […]
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The US Dollar Index (DXY) remained in a tight range on Tuesday as market participants waited for the upcoming US Consumer Price Index (CPI) data. It was trading at $98.50, higher than the year-to-date low of $9632. US Inflation report ahead The DXY Index rose to $98.50 ahead of the July consumer inflation data, which […]
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US stocks were little changed on Thursday as investors weighed weak private payrolls data and prepared for Friday’s closely watched jobs report. The S&P 500 rose 0.2%, while the Nasdaq Composite added 0.3%. The Dow Jones Industrial Average slipped 30 points, or 0.1%, dragged lower by a 7% drop in Salesforce after the software maker […]
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US stocks advanced to record levels on Friday despite a softer-than-expected August jobs report, as investors increased bets on interest rate cuts from the Federal Reserve later this month. The S&P 500 rose 0.4% to a new high, while the Nasdaq Composite gained 0.7%, also setting a fresh record. The Dow Jones Industrial Average added […]
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US equities were little changed on Tuesday, with the Nasdaq Composite extending its run to a fresh record as investors shifted focus to upcoming inflation reports that could influence the Federal Reserve’s policy outlook. The Dow Jones Industrial Average added 47 points, or 0.1%, while the S&P 500 gained 0.2%. The Nasdaq Composite also advanced […]
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