The United States witnessed a series of high-impact developments on Wednesday across its political, defense, and economic fronts — from the Supreme Court scrutinizing President Donald Trump’s tariff powers, to a renewed nuclear missile test, shifting momentum in the electric vehicle market, and a modest rise in private-sector employment. Here’s a look at the key […]
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The USD/ZAR exchange rate rose for the fourth consecutive day as market participants reacted to the latest South African inflation data and the upcoming speech by Jerome Powell at the Jackson Hole Symposium in Wyoming. It rose to a high of 17.75, up from this month’s low of 17.47. South Africa inflation is rising The […]
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The South African rand had a strong performance in August, even as the US implemented tariffs against the country. The USD/ZAR exchange rate tumbled to a low of 17.4, its lowest level since November 2024, and 12.6% from its highest level this month. Why the South African rand has surged The USD/ZAR exchange rate retreated […]
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The EUR/USD exchange rate was flat this week as market participants reflected on key events, including the statement from Jerome Powell and the important macro data from the United States and Europe. It was trading at 1.1665 on Friday as investors waited for the upcoming US PCE report. Focus on the US monetary policy The […]
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US markets and political circles witnessed a busy Tuesday as the United States extended the deadline for a TikTok divestment, Waymo expanded its robotaxi testing, courts ruled on two high-profile criminal cases, and Wall Street edged lower ahead of the Federal Reserve’s policy meeting. US extends TikTok deadline to December 16 President Donald Trump again […]
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Stocks were muted on Wednesday as Wall Street braced for the Federal Reserve’s interest rate decision and policy outlook later in the day. The S&P 500 inched up 0.1%, while the Nasdaq Composite slipped 0.1%. The Dow Jones Industrial Average fared better, rising 158 points, or 0.3%. Nvidia fell more than 1% after the Financial […]
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US stocks rallied on Thursday, with the S&P 500 and Nasdaq Composite climbing to fresh record highs as investors piled back into technology shares following the Federal Reserve’s rate cut. The S&P 500 gained 0.4%, while the Nasdaq rose 0.8%, both setting all-time highs. The Dow Jones Industrial Average lagged, inching up 14 points. Intel […]
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Elon Musk’s AI startup xAI and social media platform X filed a federal lawsuit Monday against Apple (NASDAQ: AAPL) and OpenAI – accusing them of colluding to suppress competition in the generative AI and smartphone markets. The lawsuit alleges Apple’s App Store rankings unfairly favour ChatGPT while deprioritising rivals like Grok, which the billionaire claims […]
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A day of reckoning is unfolding for two of the world’s most influential tech titans, sending starkly conflicting signals through a nervous European market. While a blockbuster earnings report from the AI kingpin Nvidia is providing a much-needed dose of optimism, a catastrophic collapse in Tesla’s European sales is painting a grim picture of a […]
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The Trump Media stock price has remained in a tight range in the past few months. DJT stock was trading at $16, a range it has remained at in for a while. This article explains why it has crashed and what to expect. Why the Trump Media stock price has crashed There are a few […]
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