The cryptocurrency market has been extremely volatile since the start of the week. Bitcoin rallied to the $113K level on Tuesday but immediately reversed and is now trading below $109K on Wednesday. The whipsaw performance resulted in hundreds of millions of dollars worth of long and short positions being liquidated from the market in the […]
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Asia-Pacific markets broadly advanced on Thursday, with Japanese stocks leading the charge as a strong earnings report from US chipmaker AMD reignited investor enthusiasm for artificial intelligence-related companies. The positive sentiment tracked a rally on Wall Street, where tech stocks recovered from a recent sell-off. However, the gains were not universal across Asia, with a […]
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This Thursday, Tesla shareholders will cast a vote on what is far more than a simple compensation plan. They face a stark and historic choice, a high-stakes referendum on the very nature of corporate power in the age of the celebrity founder: pay Elon Musk an unprecedented sum that could reach $878 billion, or risk […]
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Global attention was fixed on several major developing stories, from a pivotal corporate vote at Tesla on Thursday to a controversial diplomatic claim from the White House and a significant government action against a fast-fashion giant in France. Tesla’s board is set to vote on a historic pay package for CEO Elon Musk, President Trump […]
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The Indian rupee slump accelerated on Friday, reaching its lowest level on record as investors reacted to the ongoing trade conflict with the United States. The USD/INR exchange rate was trading at a record high of 88.20. It is up by 5.17% from its lowest level in April this year, making it the worst-performing currency […]
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The renminbi is performing well as the Chinese economy continues to thrive. The USD/CNY exchange rate plunged to a low of 7.1300, its lowest level since November last year and 3% below its highest level this year. Chinese yuan gains momentum The USD/CNY pair continued falling last week, helped by the Chinese economy, the roaring […]
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The Turkish lira continued its strong plunge this month, reaching its all-time low. The USD/TRY exchange rate rose to 41.15, up by over 41% from its lowest level in January this year. Improving the Turkish economy The USD/TRY exchange rate has surged this year, even as macro data showed that the country’s economy was doing […]
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Stocks rose Friday, building on a winning session that pushed indexes to fresh records after the Federal Reserve’s interest rate cut boosted investor confidence. The Dow Jones Industrial Average added 98 points, or 0.2 percent. The S&P 500 and Nasdaq Composite each advanced 0.2 percent and 0.3 percent, respectively, while the small-cap Russell 2000 rose […]
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US stocks declined on Monday following a strong performance last week, during which the Dow Jones Industrial Average and S&P 500 closed at record highs. The Dow fell 161 points, or 0.3%, while the S&P 500 slipped 0.2% and the Nasdaq Composite lost 0.1%. The small-cap Russell 2000 also pared gains after posting its first […]
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US stocks held near record levels on Tuesday as investors weighed the durability of the market’s rally against looming policy and political risks. Investors await Federal Reserve Chair Jerome Powell’s speech later in the day for further policy cues. The S&P 500 and Nasdaq Composite hovered around the flatline, while the Dow Jones Industrial Average edged higher […]
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