Ripple’s recent $500 million strategic raise and the headline-grabbing $40 billion private valuation have reignited debate about where faith in the company and in XRP, the token, really stands. The funding round is a clear signal that deep-pocketed investors see value in Ripple’s payments rails, product roadmap, and regulatory progress. But whether that corporate vote […]
Read More
Rivian Automotive Inc. achieved a key milestone in its third-quarter earnings, reporting its first-ever positive gross profit, a development that investors and analysts view as a major step forward for the electric vehicle (EV) maker. While the company’s bottom-line results missed Wall Street expectations, stronger-than-expected sales and improving margins point to progress in its path […]
Read More
The AUD/NZD exchange rate held steady on Tuesday and was about to form a golden cross after the Reserve Bank of Australia (RBA) delivered its interest rate decision. It was trading at 1.0965, up by nearly 3% from its lowest level this year. RBA interest rate decision The AUD/USD exchange rate rose following the RBA’s […]
Read More
The Zimbabwe ZiG currency is holding steady against the US dollar and other currencies as its reserves jump and the country’s economy perform well. The official USD/ZWL exchange rate was quoted at 26.5 by the Zimbabwean Central Bank. Why the Zimbabwe ZiG is stable The ZIG currency has been relatively stable this week because of […]
Read More
The USD/RUB exchange rate moved sideways on Thursday as traders waited for the upcoming meeting between Donald Trump and Vladimir Putin of Russia. It was trading at 79.70 on Thursday, inside a range where it has been in the past few weeks. Trump and Vladimir Putin meeting The main catalyst for the USD/RUB pair this […]
Read More
The S&P 500 opened at a new record on Wednesday after US wholesale prices unexpectedly declined, fueling expectations that the Federal Reserve will move ahead with an interest rate cut next week. Gains were led by Oracle, which surged more than 31% on the back of an upbeat forecast tied to artificial intelligence. Oracle’s sharp […]
Read More
The QQQ ETF continued its strong rally, a trend that may continue on Wednesday after Oracle published strong financial results. The fund, which tracks the Nasdaq 100 Index, was trading at $580, up by over 44% from its lowest level this year. So, will the ETF continue it bull run or is a pullback coming. […]
Read More
The rivalry between Elon Musk and Sam Altman has taken a new turn as competition in the artificial intelligence sector heats up. Musk has accused Apple of giving preferential treatment to OpenAI on its App Store, blocking other AI products from reaching higher rankings. Altman responded by alleging that Musk engages in similar practices on […]
Read More
A federal court has ruled that Elon Musk must face OpenAI’s counterclaims alleging a prolonged campaign to harm the company he co-founded in 2015 and later left. US District Judge Yvonne Gonzalez Rogers rejected Musk’s bid to dismiss the claims, marking a significant development in the ongoing legal battle between the Tesla CEO and the […]
Read More
Tesla Inc (NASDAQ: TSLA) has sounded the alarm for short sellers – with chief executive Elon Musk declaring they’ll be “obliterated” once the company achieves full autonomy. Yet behind the scenes, Tom Zhu, a senior vice president of the multinational automaker, has been quietly reducing his exposure to the EV stock, according to securities filings. […]
Read More