IREN stock price continued its strong rally, reaching a record high as traders waited for its earnings, and the artificial intelligence industry tailwinds gained steam. It jumped to a high of $76, bringing its market capitalization to over $20 billion. It has jumped by over 1,400% from its lowest level this year. IREN stock surges […]
Read More
The USD/CHF exchange rate has plunged in the past three consecutive days, reaching its lowest level since July 24 as investors moved to the low-yielding Swiss franc. It dropped to a low of 0.7928, down by 14% from the year-to-date high. Top banks are favoring the Swiss franc The USD/CHF has pulled back in the […]
Read More
The Indian rupee plunged to a record low against the US dollar today, September 11, as concerns about the US and Indian trade relations remained. The USD/INR pair soared to a high of 88.52, continuing a trend that has been going on since it bottomed at 83.83 in April. Fundamentals point to an Indian rupee […]
Read More
Stocks rose on Monday as optimism over a major regional bank merger and a surge in AMD shares offset concerns surrounding the ongoing government shutdown, now in its second week. The S&P 500 gained 0.3%, the Nasdaq Composite advanced 0.6%, and the Dow Jones Industrial Average added 55 points, or 0.1%. AMD jumped more than […]
Read More
Stocks edged higher on Tuesday as Wall Street awaited progress in Washington over the ongoing US government shutdown, now entering its second week. The S&P 500 and Nasdaq Composite each gained 0.1%, while the Dow Jones Industrial Average advanced 106 points, or 0.2%. Expectations that the government would reopen on Monday were dashed after the […]
Read More
On Tuesday, the US saw significant developments, as Tesla introduced lower-cost versions of its Model 3 sedan and Model Y SUV to counter slowing sales, while Canada and the United States held a high-profile yet inconclusive trade meeting in Washington. In the United States, Attorney General Pam Bondi faced questions over the handling of Epstein-related […]
Read More
Tesla stock rose over 7% on Friday, lifted by renewed investor optimism despite concerns over weak sales, stretched valuations, and Chief Executive Elon Musk’s strategic shift toward artificial intelligence and robotics. The rally marked a sharp reversal for the Tesla stock that has struggled this year, weighed down by the lack of new vehicle launches […]
Read More
Tesla shareholders will vote this November on a proposal urging the company to invest in Elon Musk’s AI startup, xAI, as part of ongoing discussions about the automaker’s long-term strategy. The proposal, submitted by Stephen Hawk, a 56-year-old psychiatrist and long-time Tesla investor, highlights growing shareholder interest in aligning Tesla’s resources with Musk’s broader AI […]
Read More
Tesla Inc. entered the spotlight again as Chief Executive Officer Elon Musk purchased about $1 billion worth of shares in the company, according to a regulatory filing. The stock purchase, made indirectly through a trust, came at a time when the company is facing intense debate over Musk’s potential pay package, which could reach upwards […]
Read More
There are signs of a crypto bull run as Bitcoin and top altcoins bounced back. Bitcoin price jumped to $115,000 for the first time in weeks. Zcash jumped by 27% in the last 24 hours to $364, while Pi Network and Dash jumped by 15% and 22%, respectively. The market capitalization of all cryptocurrencies jumped […]
Read More