The global cryptocurrency market has suffered another sharp downturn after China’s move to tighten export controls on rare earth materials in retaliation for the new US tariffs imposed by President Donald Trump on Friday. Beijing’s announcement came shortly after Trump revealed sweeping 100% tariffs on all Chinese imports, a move that many analysts view as […]
Read More
Private-sector employment in the United States rose modestly in October, with employers adding 42,000 jobs, according to the latest ADP National Employment Report released on Wednesday. The figures, compiled by ADP Research in collaboration with the Stanford Digital Economy Lab, offered a faint sign of resilience in the labor market even as broader economic pressures […]
Read More
The SMCI stock price suffered a harsh reversal in the extended hours after the company published its financial results that missed analysts’ estimates. It dropped by as much as 10% to $43.20, down by over 63% from its highest level in 2024 when it was one of the hottest stocks in Wall Street. Why Super […]
Read More
Qualcomm stock price has suffered a harsh reversal in the past few days as the recent excitement about its new AI chips waned. QCOM was trading at $172.85, down by 16% from its highest level this year. So, will the stock rebound after earnings? Qualcomm to showcase AI progress Qualcomm, one of the biggest semiconductor […]
Read More
The USD/TRY exchange rate surged to a record high this week after the Central Bank of the Republic of Turkey (CBRT) slashed interest rates by 300 basis points. It jumped to 41.05, continuing a trend that has been going on for years. The CBRT slashed interest rates after recent economic numbers showed that the headline […]
Read More
The USD/BRL exchange rate remained in a tight range last week as market participants awaited the upcoming Federal Reserve and Brazilian Central Bank (BCB) interest rate decisions, as well as the potential escalation of the US-Brazil trade war. The Brazilian real was trading at 5.5648 against the US dollar, up from this month’s low of […]
Read More
US stocks opened the week on a cautious note on Monday, with the major averages hovering near the flatline after recent gains. Traders shifted focus to a slate of retail earnings and commentary from the Federal Reserve later this week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite were all little changed in […]
Read More
US stocks were mixed on Tuesday as traders digested the first of several major retail earnings reports while looking ahead to Federal Reserve Chair Jerome Powell’s remarks later this week at the central bank’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average rose 105 points, or 0.2%. The S&P 500 was flat, […]
Read More
US stocks were little changed on Wednesday as investors assessed a fresh round of retail earnings and awaited the release of the Federal Reserve’s July meeting minutes. The Dow Jones Industrial Average rose 69 points, or 0.2%. The S&P 500 edged down 0.1%, while the Nasdaq Composite declined 0.3%. The moves followed Tuesday’s session, when […]
Read More
The second-quarter earnings season for the influential “Magnificent Seven” technology stocks begins this week with results from Alphabet Inc. and Tesla Inc., setting the stage for how Big Tech will shape the broader S&P 500’s financial performance. The group—comprising Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla—is expected to report combined earnings growth of 14.1% […]
Read More