The USD/IDR exchange rate remained in a tight range this week as investors waited for the upcoming Bank of Indonesia (BoI) interest rate decision and the Jackson Hole Symposium in Wyoming. It was trading at 16,230, higher than this week’s low of 16,100. Bank of Indonesia central bank decision The USD/IDR exchange rate will be […]
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The Zimbabwe ZiG currency has moved sideways this year as it outperformed many of its peer currencies. Data provided by the central bank shows that the exchange was trading at 26.7 today, August 19, where it has remained in the past few months. Zimbabwe ZiG helped by key tailwinds The Zimbabwe ZiG currency remained in […]
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The USD/CAD exchange rate has held steady in the past few weeks as market participants react to the US and Canada trade war and the actions of the respective central banks. Here are the top three catalysts for the USD to CAD exchange rate this week. Canada consumer inflation data The first main catalyst for […]
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The S&P 500 opened little changed on Friday as investors paused following a run of record highs, weighing signals of slowing jobs growth and contained inflation that reinforced expectations of a Federal Reserve rate cut next week. The benchmark index slipped less than 0.1%, while the Nasdaq Composite edged up 0.1% to hit a new […]
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Stocks edged higher on Monday after President Donald Trump said US-China trade negotiations were progressing positively, helping lift investor sentiment ahead of a pivotal Federal Reserve meeting this week. The S&P 500 climbed 0.4% to reach another all-time high, while the Nasdaq Composite also advanced 0.6%, marking a fresh record. The Dow Jones Industrial Average, […]
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The S&P 500 edged higher on Tuesday, reaching a new record as the Federal Reserve’s two-day policy meeting began. The index rose 0.1% to an intraday high of 6,624.13, while the Nasdaq Composite advanced 0.2%. The Dow Jones Industrial Average was little changed. Oracle shares gained 4% after CBS News reported that the company is […]
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Elon Musk and his social media company, X Corp, have reportedly reached a tentative deal to settle a lawsuit from former Twitter employees seeking $500 million in severance. The dispute goes back to Elon Musk’s 2022 takeover of Twitter, now rebranded as X when roughly 6,000 employees were let go. Those former workers later argued […]
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A busy night in global affairs saw Beijing sharpen its rhetoric ahead of hosting world leaders, Nvidia forced to pause a key chip rollout under Chinese scrutiny, and Elon Musk making an unlikely approach to Mark Zuckerberg in his pursuit of OpenAI. Here’s your one-stop stand to catch up on all the headlines you may […]
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Ex Populus, an Ethereum gaming firm, is taking Elon Musk-founded artificial intelligence company xAI to court over trademark infringement. According to the complaint filed in the Northern District of California last week, the blockchain gaming network alleges that Musk’s xAI has caused “widespread confusion in the marketplace,” damaging Ex Populus’ Xai brand and eroding trust […]
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October has generally been a bullish month for Bitcoin, but this year has been different. Bitcoin hit an all-time high of $126k earlier this month but has underperformed since then. The leading cryptocurrency dropped below $105k on Friday but is now showing signs of a strong recovery. It is now trading above $111k and could […]
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