Warner Bros. Discovery Inc. shares gained slightly on Thursday after the entertainment conglomerate reported another quarterly loss, pressured by sharp declines in its traditional television business despite solid performances from its film studios and streaming units. The results underscored the company’s continued struggle to balance its legacy operations with its push into digital streaming amid […]
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The Nigerian naira has staged a strong comeback this year, helped by the substantial demand for it bonds, falling US dollar, and supportive technicals. The USD/NGN exchange rate was trading at 1,487 on Thursday, down from the year-to-date high of 1,609. The Nigerian naira has surged amid carry trade bets One reason why the Nigerian […]
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The EUR/USD exchange rate wavered on Friday as investors reflected on the final estimate of the US GDP data and a new report on European inflation by the European Central Bank (ECB). It was trading at 1.1680, down by 2% from the year-to-date high. US PCE inflation data ahead The EUR/USD pair wavered after a […]
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The Argentine peso has surged in the past few days as investors focus on the rumored bailout by the Donald Trump administration. The USD/ARS exchange rate plunged to a low of 1,305 on Friday, down by over 11% from its highest level this year. So, will the peso maintain its strong growth? Why the Argentine […]
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US stocks rose on Thursday as Big Tech gains offset concerns over trade tensions and the ongoing government shutdown. The S&P 500 climbed 0.3%, the Nasdaq Composite advanced 0.5%, and the Dow Jones Industrial Average gained 110 points, or 0.3%. Tech stocks led the rally. Nvidia shares rose 1.2%, while Broadcom jumped 2% after Taiwan […]
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The Dow Jones Industrial Average was essentially flat on Friday as traders sought to move past credit concerns that triggered a sharp sell-off in regional banks on Thursday. The index traded 14 points higher, or less than 0.1%, while the S&P 500 shed 0.2% and the Nasdaq Composite fell 0.4%. Stocks that led Thursday’s banking […]
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Tesla stock is rebounding on Wednesday after a plunge yesterday due to the growing anxieties around the electric vehicles industries. On Wednesday, Tesla stock was trading over 2% up during press time, as attention shifts to the company’s upcoming Q3 earnings report next week. The technical analysis states that key resistance and support levels are […]
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Political upheaval, high-profile theft, and courtroom drama marked the weekend’s major global developments. From mass demonstrations across US cities to a daring jewel heist at the Louvre and a closely watched antitrust case in Texas, the weekend’s news cycle captured turbulence across politics, law, and culture. Meanwhile, Bolivia ushered in a new political era with […]
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Tesla’s quarterly profit dropped by nearly a third even as the company reported record sales, underscoring the financial strain of Elon Musk’s strategic shift toward robotics and artificial intelligence. The electric carmaker said adjusted net income for the third quarter fell 29% year-on-year to $1.8 billion, below analyst expectations of $1.9 billion. Reported net income […]
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A packed Thursday news cycle saw fresh geopolitical and corporate flashpoints: Trump and Xi set a high-stakes meeting in South Korea amid a re-escalating trade war. Trump issued a controversial pardon to Binance founder CZ, and Elon Musk commandeered Tesla’s earnings call to defend a record-breaking pay deal. The EU moved ahead with a 2027 […]
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