The Turkish lira continued its slow downtrend and reached its all-time low as traders waited for the upcoming interest rate decision. The USD/TRY exchange rate rose to 41.94, up by almost 20% from its lowest point this year. It has soared by over 450% in the last five years. Why the Turkish lira is crashing […]
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The Indian rupee has bounced back in the past two weeks, making it one of the top-performing currencies in the emerging market. The USD/INR exchange rate ended the week at 87.98, down by over 1% from its highest point this year. Still, it remains about 5% above the lowest level this year. The Indian rupee […]
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The Russian ruble has rebounded this year, becoming one of the best-performing currencies. The USD/RUB exchange rate was trading at 81.05 on Friday, down by almost 30% from its highest point in January. Russian Ruble waits for central bank decision The Russian ruble will be in the spotlight this week as the country’s central bank […]
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US stocks began November on a positive note, with technology shares leading gains across major indexes. The S&P 500 rose 0.5%, the Nasdaq Composite advanced 1%, and the Dow Jones Industrial Average added 18 points. Micron Technology climbed 5%, pacing a broader rally in chipmakers. Nvidia and AMD were up about 3% and 1%, respectively, […]
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US stocks declined on Tuesday, led by losses in artificial intelligence-linked names such as Palantir, as investors reassessed stretched valuations following a year-long rally in technology shares. The S&P 500 fell 1.2% shortly after the market opened, while the Nasdaq Composite declined 1.7%. The Dow Jones Industrial Average dropped 430 points, or 0.9%. The declines […]
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US stocks fell sharply on Tuesday as weakness in artificial intelligence-related shares dragged broader indexes lower, while investors weighed corporate earnings, commentary from Wall Street executives, and fresh signs of caution across technology and consumer sectors. The S&P 500 declined 1.17%, the Nasdaq Composite dropped 2%, and the Dow Jones Industrial Average lost 251 points, […]
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In a significant development, Norway’s sovereign wealth fund, the world’s largest, said it would oppose ratifying Tesla Chief Executive Elon Musk’s proposed $1 trillion compensation plan, citing concerns about excessive size, shareholder dilution, and the risks tied to Musk’s dominant role at the company. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, […]
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Tesla stock fell in early trading on Tuesday as investor uncertainty mounted over Chief Executive Elon Musk’s proposed $1 trillion compensation package. The decline comes just days before shareholders vote on the plan, which has divided major institutional investors and reignited debate over Musk’s influence at the electric-vehicle maker. The stock was down 2.6% at […]
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Digital tokens painted their price charts red on Wednesday as Bitcoin plunged below $100,000. While altcoins sought footing, ASTER, the native coin of perpetual decentralized exchange Aster, gained more than 20% on the 24-hour timeframe. The altcoin’s bullish momentum coincided with a key upgrade to the DEX’s ecosystem. The Aster team has announced two new […]
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US spot Bitcoin exchange-traded funds (ETFs) have seen more than $2 billion in outflows over the past week, marking their second-worst withdrawal streak since inception. Data from Farside Investors showed that spot Bitcoin ETFs recorded another $137 million in redemptions on Wednesday, extending their losing streak to six consecutive sessions. Date IBIT FBTC BITB ARKB […]
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