US stocks rallied on Thursday, with the S&P 500 and Nasdaq Composite climbing to fresh record highs as investors piled back into technology shares following the Federal Reserve’s rate cut. The S&P 500 gained 0.4%, while the Nasdaq rose 0.8%, both setting all-time highs. The Dow Jones Industrial Average lagged, inching up 14 points. Intel […]
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Elon Musk’s AI startup xAI and social media platform X filed a federal lawsuit Monday against Apple (NASDAQ: AAPL) and OpenAI – accusing them of colluding to suppress competition in the generative AI and smartphone markets. The lawsuit alleges Apple’s App Store rankings unfairly favour ChatGPT while deprioritising rivals like Grok, which the billionaire claims […]
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A day of reckoning is unfolding for two of the world’s most influential tech titans, sending starkly conflicting signals through a nervous European market. While a blockbuster earnings report from the AI kingpin Nvidia is providing a much-needed dose of optimism, a catastrophic collapse in Tesla’s European sales is painting a grim picture of a […]
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The Trump Media stock price has remained in a tight range in the past few months. DJT stock was trading at $16, a range it has remained at in for a while. This article explains why it has crashed and what to expect. Why the Trump Media stock price has crashed There are a few […]
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The cryptocurrency market has been extremely volatile since the start of the week. Bitcoin rallied to the $113K level on Tuesday but immediately reversed and is now trading below $109K on Wednesday. The whipsaw performance resulted in hundreds of millions of dollars worth of long and short positions being liquidated from the market in the […]
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Asia-Pacific markets broadly advanced on Thursday, with Japanese stocks leading the charge as a strong earnings report from US chipmaker AMD reignited investor enthusiasm for artificial intelligence-related companies. The positive sentiment tracked a rally on Wall Street, where tech stocks recovered from a recent sell-off. However, the gains were not universal across Asia, with a […]
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This Thursday, Tesla shareholders will cast a vote on what is far more than a simple compensation plan. They face a stark and historic choice, a high-stakes referendum on the very nature of corporate power in the age of the celebrity founder: pay Elon Musk an unprecedented sum that could reach $878 billion, or risk […]
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Global attention was fixed on several major developing stories, from a pivotal corporate vote at Tesla on Thursday to a controversial diplomatic claim from the White House and a significant government action against a fast-fashion giant in France. Tesla’s board is set to vote on a historic pay package for CEO Elon Musk, President Trump […]
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The Indian rupee slump accelerated on Friday, reaching its lowest level on record as investors reacted to the ongoing trade conflict with the United States. The USD/INR exchange rate was trading at a record high of 88.20. It is up by 5.17% from its lowest level in April this year, making it the worst-performing currency […]
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The renminbi is performing well as the Chinese economy continues to thrive. The USD/CNY exchange rate plunged to a low of 7.1300, its lowest level since November last year and 3% below its highest level this year. Chinese yuan gains momentum The USD/CNY pair continued falling last week, helped by the Chinese economy, the roaring […]
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