Tuesday saw both the Japanese yen and sterling fall, reflecting increased investor concern regarding government finances. This enabled the dollar to recover some ground after five days of decline, Reuters said in a report. Mounting concerns in the global financial landscape led to renewed pressure on bond markets, particularly evident in the United Kingdom, where […]
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US stocks edged higher on Wednesday as Nvidia clawed back some of its steep losses from the previous session, helping steady the broader market after renewed doubts about the sustainability of the AI trade. The S&P 500 rose 0.2%, the Nasdaq Composite gained 0.3%, and the Dow Jones Industrial Average advanced 102 points, or 0.2%. […]
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Asian equities finished Thursday’s session largely flat as enthusiasm from recent AI-driven gains cooled and expectations for aggressive US interest rate cuts diminished. Investors weighed concerns over a slowing US labour market and persistent inflation while awaiting fresh data, including jobless claims and the Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) index. […]
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US stocks fell on Thursday as losses in Oracle and Nvidia combined with a rise in Treasury yields to weigh on sentiment. The S&P 500 declined 0.8%, while the Nasdaq Composite dropped 1.2%. The Dow Jones Industrial Average lost 171 points, or 0.4%. Oracle and Nvidia extended recent declines, sliding nearly 6% and about 2% […]
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Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays. The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate cut plans, and Markets […]
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Wall Street ended the week on a cautious note as markets dipped, tech stocks faltered, and investors braced for fresh inflation data. Beyond the markets, political and corporate drama dominated headlines from Trump’s unprecedented attempt to oust a Fed governor and a court ruling against his tariffs, to Nvidia’s blockbuster earnings and Elon Musk’s latest […]
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Elon Musk just dropped a pretty bold prediction that could completely change how people think about Tesla. He said that the humanoid robots they are developing, called Optimus, could eventually make up 80% of Tesla’s total value. That’s a massive shift from thinking of Tesla as just an electric car company. Elon Musk @elonmusk ·Follow […]
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A crypto crash is happening today, with Bitcoin falling to $108,000 and top altcoins like Solana, Cardano, Pepe, and Shiba Inu being deeply in the red. This article explores some of the top reasons contributing to the ongoing crypto market crash and what to expect. Crypto crash happened amid inflation concerns One reason for the […]
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Digital currencies performed relatively well on Thursday. The global cryptocurrency market cap increased by 1.15% over the previous day to $3.7 trillion as Bitcoin tested $110,000 again, trading at $109,899. While fear still gripped the broader market, Hyperliquid’s native coin displayed substantial bullish momentum. HYPE climbed from an intraday low of $34 to press time’s […]
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The ongoing US government shutdown is poised to directly impact thousands of air travellers, as Transportation Secretary Sean Duffy warned Wednesday. In the latest update, a 10% reduction in flights will be implemented at 40 major airports starting Friday morning if the impasse is not resolved. The decision, officials said, is a direct result of […]
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