Gold price and the Swiss franc are soaring this year, while the US Dollar Index is plunging as investors embrace their role as safe haven assets amid soaring risks. The USD/CHF exchange rate plunged to 0.7964, down from 13.50% from the year-to-date high, while gold price has jumped to $3,865. Gold has jumped by almost […]
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The USD/TRY exchange rate continued its strong rally this week, even as the US Dollar Index (DXY) continued its downtrend. The pair was trading at a record high of 41.6850, much higher than the year-to-date low of 35. Turkish inflation is surging The USD/TRY exchange rate continued soaring on Friday after the Turkish statistics agency […]
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The USD/THB exchange rate has been in a strong downward trend this year despite the ongoing weakness in the Thai economy. The pair was trading at 22.37 on Monday, down by 13% from its highest level in 2024. This article explores some of the top reasons why the Thai baht is in a strong uptrend […]
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US stocks declined modestly on Wednesday as investors digested a new round of corporate earnings and looked ahead to key economic data later in the week. The Dow Jones Industrial Average fell 92 points, or 0.2%, after hitting a record high in the previous session. The S&P 500 slipped 0.1%, and the Nasdaq Composite lost […]
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A series of major developments across defense, labor, and economic fronts marked a turbulent Wednesday in the United States. From the Trump administration’s decision to ease restrictions on Ukraine’s use of Western-made long-range missiles to labor disputes at Boeing, new sanctions on Russia, and renewed volatility in financial markets, policymakers and investors navigated a day […]
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Stocks were largely unchanged Thursday as investors processed quarterly earnings from major companies, including Tesla and IBM. The Dow Jones Industrial Average hovered near flat, the S&P 500 edged up 0.1%, and the Nasdaq Composite was also near breakeven. The prior session had seen notable declines, with the S&P 500 down about 0.5%, the Dow […]
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A day of significant global developments is underway, as the US retail giant Target announces a major corporate restructuring, the International Monetary Fund (IMF) issues a new and more cautious forecast for Asian growth, and Elon Musk makes a stunning demand for the largest pay package in corporate history. These events paint a picture of […]
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Elon Musk’s SpaceX-owned Starlink is nearing the finish line to launch its satellite broadband services in India, as the company undergoes mandatory security tests — one of the last major steps before receiving full commercial clearance. The trials are part of India’s telecom security process for both local and foreign players, signalling the country’s growing […]
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Tesla shares fell 2% on Friday, reversing gains from the previous session, as the National Highway Traffic Safety Administration (NHTSA) sought information about the company’s new driver-assistance mode, dubbed “Mad Max.” This mode, part of Tesla’s Full Self-Driving (FSD) system, reportedly allows vehicles to operate at higher speeds than other versions, with some drivers on […]
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The crypto market is crashing today, with Bitcoin and most altcoins being in the red. Bitcoin is in a deep correction after falling by over 15% from its highest point this year. Other top cryptocurrencies like Virtuals Protocol (VIRTUAL), SPX6900 (SPX), Aerodrome Finance (AERO), Sei (SEI), and Optimism (OP) falling by over 10% in the […]
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