The South African rand continued its bullish momentum this week, even as trade relations with the United States deteriorated. The USD/ZAR exchange rate dropped to a low of 17.72, its lowest level since July 25, and 3.3% below this month’s high. South African rand surges despite risks The USD/ZAR exchange rate has slumped this month, […]
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The AUD/USD exchange rate and the ASX 200 Indices held steady on Monday morning as traders waited for the upcoming Reserve Bank of Australia (RBA) interest rate decision. The ASX 200 was trading at $8,840, a few points below the all-time high of $8,860. On the other hand, the AUD/USD exchange rate was trading at […]
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The US Dollar Index (DXY) remained in a tight range on Tuesday as market participants waited for the upcoming US Consumer Price Index (CPI) data. It was trading at $98.50, higher than the year-to-date low of $9632. US Inflation report ahead The DXY Index rose to $98.50 ahead of the July consumer inflation data, which […]
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US stocks were little changed on Thursday as investors weighed weak private payrolls data and prepared for Friday’s closely watched jobs report. The S&P 500 rose 0.2%, while the Nasdaq Composite added 0.3%. The Dow Jones Industrial Average slipped 30 points, or 0.1%, dragged lower by a 7% drop in Salesforce after the software maker […]
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US stocks advanced to record levels on Friday despite a softer-than-expected August jobs report, as investors increased bets on interest rate cuts from the Federal Reserve later this month. The S&P 500 rose 0.4% to a new high, while the Nasdaq Composite gained 0.7%, also setting a fresh record. The Dow Jones Industrial Average added […]
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US equities were little changed on Tuesday, with the Nasdaq Composite extending its run to a fresh record as investors shifted focus to upcoming inflation reports that could influence the Federal Reserve’s policy outlook. The Dow Jones Industrial Average added 47 points, or 0.1%, while the S&P 500 gained 0.2%. The Nasdaq Composite also advanced […]
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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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