The crypto market crash intensified on Friday, Nov. 14, with Bitcoin and most altcoins leading the way. Altcoins like Story (IP), Aerodrome Finance (AERO), Jupiter (JUP), and Pudgy Penguins (PENGU) are the top laggards. So, will crypto go back up following this crash? Why the crypto crash is happening The crypto market crash is happening […]
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Asian equities finished Thursday’s session largely flat as enthusiasm from recent AI-driven gains cooled and expectations for aggressive US interest rate cuts diminished. Investors weighed concerns over a slowing US labour market and persistent inflation while awaiting fresh data, including jobless claims and the Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) index. […]
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The British pound has plunged in the past few days, erasing some of the recent gains. The GBP/USD exchange rate plummeted to the psychological level of 1.3400, its lowest point in three weeks and 2.8% below the year’s highest level. UK inflation is rising The recent GBP/USD crash stalled on Wednesday after the Office of […]
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The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457. It has remained about 30% above its lowest level this year. So, is it safe to buy the DIA ETF dip? Why the Dow Jones Index has retreated The Dow Jones and […]
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The EUR/USD exchange rate pulled back and crossed a key support level after the US released mixed economic numbers last week. It will now be in the spotlight this week as the European Central Bank (ECB) publishes its interest rate decision. Federal Reserve interest rate cut delay The EUR/USD exchange rate pulled back as hopes […]
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US stocks fell on Thursday as losses in Oracle and Nvidia combined with a rise in Treasury yields to weigh on sentiment. The S&P 500 declined 0.8%, while the Nasdaq Composite dropped 1.2%. The Dow Jones Industrial Average lost 171 points, or 0.4%. Oracle and Nvidia extended recent declines, sliding nearly 6% and about 2% […]
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China is preparing to relax some of its rare earth export rules by introducing one-year general licences, following trade discussions with the United States, as per a Reuters report. The move could accelerate shipments and ease shortages in critical industries, yet analysts and insiders caution that Beijing’s wider export curbs remain firmly in place. With […]
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Vodafone share price popped and reached its highest level since August 2022 as the company’s German business returned to growth. VOD soared to a high of 94p, up by about 67% from its lowest level in 2024. Vodafone share price rises after earnings Vodafone Group was one of the best-performing companies in the FTSE 100 […]
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The USD/JPY exchange rate rebounded to its highest level since April 3, following a rise in the US Dollar Index (DXY). It jumped to a high of 149, up by 6.2% from its lowest point this year. The focus now shifts to the upcoming Japan inflation and US inflation data. Focus on the Federal Reserve […]
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SoftBank Corp. and OpenAI are joining forces to roll out new artificial intelligence services for Japanese businesses next year, marking a major step in Japan’s push to harness AI across industries. The initiative, launched under the new joint venture SB OAI Japan, aims to provide enterprise-grade AI tools that accelerate business operations, including advanced voice […]
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