Tesla has granted CEO Elon Musk an interim pay package valued at about $29 billion in stock, despite an ongoing legal battle over his record-breaking 2018 compensation plan. The move, disclosed in a filing on Sunday, awards Musk 96 million Tesla shares that will vest over the next two years, provided he remains CEO or […]
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In a dramatic escalation of the battle for artificial intelligence supremacy, Elon Musk launched a blistering attack against Apple Inc. late Monday, accusing the tech giant of creating a walled garden where only its chosen partner, OpenAI, can flourish. The confrontation sets the stage for a high-stakes clash between two of the world’s most powerful […]
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The crypto market was highly volatile last week as investors reacted to the recent liquidation that cost investors at least $19 billion in a single day. This week will likely be more volatile for the industry as investors react to some notable news. This article highlights some of the best crypto news to watch this […]
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Bitcoin price dropped in a correction after falling by over 10% from its all-time high, while most altcoins remained in a bear market after plunging by over 20%. This week will be notable for the crypto market as investors focus on liquidations, potential US-China trade deal, statements by key Federal Reserve officials, potential altcoin ETF […]
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Ripple’s recent $500 million strategic raise and the headline-grabbing $40 billion private valuation have reignited debate about where faith in the company and in XRP, the token, really stands. The funding round is a clear signal that deep-pocketed investors see value in Ripple’s payments rails, product roadmap, and regulatory progress. But whether that corporate vote […]
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Rivian Automotive Inc. achieved a key milestone in its third-quarter earnings, reporting its first-ever positive gross profit, a development that investors and analysts view as a major step forward for the electric vehicle (EV) maker. While the company’s bottom-line results missed Wall Street expectations, stronger-than-expected sales and improving margins point to progress in its path […]
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The AUD/NZD exchange rate held steady on Tuesday and was about to form a golden cross after the Reserve Bank of Australia (RBA) delivered its interest rate decision. It was trading at 1.0965, up by nearly 3% from its lowest level this year. RBA interest rate decision The AUD/USD exchange rate rose following the RBA’s […]
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The Zimbabwe ZiG currency is holding steady against the US dollar and other currencies as its reserves jump and the country’s economy perform well. The official USD/ZWL exchange rate was quoted at 26.5 by the Zimbabwean Central Bank. Why the Zimbabwe ZiG is stable The ZIG currency has been relatively stable this week because of […]
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The USD/RUB exchange rate moved sideways on Thursday as traders waited for the upcoming meeting between Donald Trump and Vladimir Putin of Russia. It was trading at 79.70 on Thursday, inside a range where it has been in the past few weeks. Trump and Vladimir Putin meeting The main catalyst for the USD/RUB pair this […]
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The S&P 500 opened at a new record on Wednesday after US wholesale prices unexpectedly declined, fueling expectations that the Federal Reserve will move ahead with an interest rate cut next week. Gains were led by Oracle, which surged more than 31% on the back of an upbeat forecast tied to artificial intelligence. Oracle’s sharp […]
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