The Zimbabwean ZiG currency has remained in a tight range this week as investors reacted to the new announcement by the government. The USD/ZWG exchange rate was trading at 26.19, where it has remained this year. Zimbabwe pledges not to abandon the US dollar The Zimbabwe ZiG currency was unchanged after President Mnangagwa announced that […]
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The USD/CHF exchange rate has remained in a narrow range in the past few months as investors watched trade relations between Switzerland and the United States. It has remained inside the support of 0.7865 and the resistance at 0.8152. So, what’s next for the Swiss franc? Franc steady after the US and Switzerland deal The […]
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Zoom stock price has remained in a deep consolidation phase in the past few years as demand for its services waned. It has remained inside the support and resistance levels at $56.27 and $91 since 2022. ZM stock was trading at $78.64, down by over 86% from its highest level since 2020. In contrast, the […]
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The crypto market crash eased during the weekend as investors bought the recent dip, and as American stocks rebounded from their Thursday crash. Bitcoin price rose to $86,500 from last week’s low of $80,000. Other top cryptocurrencies were also in the green, with Ethereum, XRP, Solana, and Chainlink rising by over 3% in the last […]
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Wall Street’s most bullish AI darlings are facing a sudden credibility crisis. Despite stellar earnings and record growth, analysts at major brokerages are sounding the alarm on two mega-cap tech giants: Palantir and Nvidia. The culprit? Valuations have become so untethered from reality that several prominent research teams believe the stocks face potential declines of […]
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Carnival share price suffered a harsh reversal this week, falling to the lowest level since June 24. It has dived by 24.35% from its highest point this year, erasing billions of dollars in value as its market capitalization dropped from the year-to-date high of $42.3 billion in September to $32 billion today. The ongoing Carnival […]
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US stocks rallied on Thursday, with the S&P 500 and Nasdaq Composite climbing to fresh record highs as investors piled back into technology shares following the Federal Reserve’s rate cut. The S&P 500 gained 0.4%, while the Nasdaq rose 0.8%, both setting all-time highs. The Dow Jones Industrial Average lagged, inching up 14 points. Intel […]
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Microsoft is investing $10 billion to transform Sines, a quiet port town in Portugal, into a critical node in its global AI infrastructure. The town, known more for its fishing heritage than data servers, is now at the centre of a massive shift in how cloud giants are building capacity for artificial intelligence. The project, […]
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Walmart stock price popped by over 6.5% on Thursday as investors reacted to its strong earnings report. WMT jumped to $107, its highest level since October 25, and a few points below the all-time high of $110. Walmart’s business is booming Walmart, the biggest retailer in the United States, announced strong financial results, helped by […]
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