A crypto market crash happened in November, with the valuation of all tokens dropping by over 20%. This decline happened after the aftermath of the October 10th liquidation event. Bitcoin price dropped from a high of $126,300 in October to a low of $80,495, while most altcoins had a steeper dive. So, will the market […]
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The Nasdaq Composite fell on Tuesday, giving back some of the prior session’s gains after a strong rally in artificial intelligence-linked names. The tech-heavy index lost 0.4%, while the S&P 500 hovered around the flatline. The Dow Jones Industrial Average outperformed, rising 205 points, or 0.5%. Sentiment was shaken by a report suggesting Meta Platforms may shift billions of […]
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The post Swiss Banks Launch CHF Stablecoin Sandbox Led by UBS and Partners appeared first on Coinpedia Fintech News Switzerland just made one of the biggest moves in its financial history. Six major banks, including UBS, PostFinance, Sygnum, Raiffeisen, Zurcher Kantonalbank, and BCV, have come together to test a Swiss franc-backed stablecoin. This is the […]
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Stocks edged higher on Monday after President Donald Trump said US-China trade negotiations were progressing positively, helping lift investor sentiment ahead of a pivotal Federal Reserve meeting this week. The S&P 500 climbed 0.4% to reach another all-time high, while the Nasdaq Composite also advanced 0.6%, marking a fresh record. The Dow Jones Industrial Average, […]
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The Nifty 50 Index has jumped to a record high this year despite the Indian economy facing major challenges, including tariffs, retail investors selling, and a plummeting rupee. It was trading at ₹26,167 on Wednesday, a few points below the all-time high of ₹26,260. Indian retail investors are dumping shares The Nifty 50 Index is […]
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US equities advanced on Friday after New York Federal Reserve President John Williams suggested the central bank may have room to cut interest rates again in December. The comments helped the stocks set onto a path to break a two-day slide driven by weakness in artificial intelligence stocks and renewed rate-policy uncertainty. The Dow Jones […]
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India’s central bank lowered its benchmark policy rate by 25 basis points to 5.25% on Wednesday, matching expectations from economists. The Reserve Bank of India’s monetary policy committee delivered the reduction unanimously, citing “weakness in some key economic indicators,” according to RBI governor Sanjay Malhotra. The decision comes as headline inflation remains subdued and is […]
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Novo Nordisk stock price has suffered a harsh reversal this year as the company’s woes have escalated. It plunged to a low of DKK 267.50 on Monday, down by over 70% from its highest point in 2024, with its market cap falling to DKK 4.64 trillion to DKK 1.24 trillion today. Why Novo Nordisk stock […]
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Elon Musk and his social media company, X Corp, have reportedly reached a tentative deal to settle a lawsuit from former Twitter employees seeking $500 million in severance. The dispute goes back to Elon Musk’s 2022 takeover of Twitter, now rebranded as X when roughly 6,000 employees were let go. Those former workers later argued […]
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The S&P 500 edged higher on Tuesday, reaching a new record as the Federal Reserve’s two-day policy meeting began. The index rose 0.1% to an intraday high of 6,624.13, while the Nasdaq Composite advanced 0.2%. The Dow Jones Industrial Average was little changed. Oracle shares gained 4% after CBS News reported that the company is […]
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