Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays. The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate cut plans, and Markets […]
Read More
Yum Brands says it is exploring strategic options for Pizza Hut, a review that could include a potential sale as the iconic pizza chain struggles to regain momentum in an increasingly competitive market. Papa John’s, which had been in talks with Apollo Global for a potential $2.1 billion take-private deal, now faces uncertainty after the […]
Read More
The USD/TRY exchange rate surged to a record high this week after the Central Bank of the Republic of Turkey (CBRT) slashed interest rates by 300 basis points. It jumped to 41.05, continuing a trend that has been going on for years. The CBRT slashed interest rates after recent economic numbers showed that the headline […]
Read More
The Indian rupee plunged to a record low against the US dollar today, September 11, as concerns about the US and Indian trade relations remained. The USD/INR pair soared to a high of 88.52, continuing a trend that has been going on since it bottomed at 83.83 in April. Fundamentals point to an Indian rupee […]
Read More
The GBP/USD exchange rate held steady as investors reacted to the latest UK inflation expectation and GDP numbers. It was trading at 1.3537, as focus now shifts to the upcoming Bank of England (BoE) and Federal Reserve interest rate decisions. It has risen by about 12% above the lowest level this year. UK publishes GDP […]
Read More
Elon Musk just dropped a pretty bold prediction that could completely change how people think about Tesla. He said that the humanoid robots they are developing, called Optimus, could eventually make up 80% of Tesla’s total value. That’s a massive shift from thinking of Tesla as just an electric car company. Elon Musk @elonmusk ·Follow […]
Read More
S&P 500, Nasdaq futures slipped on Wednesday, as the broader market continued to pull back. The difference mostly comes down to how investors are processing the recent volatility in the tech sector and a wave of earnings results. The Dow Jones futures managed to stay in the green, helped by ongoing optimism around AI-related spending. […]
Read More
The LVMH share price has been in a strong uptrend in the past few months as concerns about its Chinese business eased. It jumped to a high of €630, its highest level since March and 45% above its lowest level this year. LVMH is betting on China’s recovery There are signs that LVMH’s Chinese business […]
Read More
The USD/CAD exchange rate remained in a tight range last week, as neither the United States nor Canada released any major economic data. It will be in the spotlight this week as the August deadline on tariffs approaches and the central banks deliver key rate decisions. Federal Reserve interest rate decision The USD/CAD exchange rate […]
Read More
The private equity landscape is shifting, with Asia emerging as a key beneficiary of global capital reallocation. This transformation comes as global investors look to reduce their heavy exposure to US assets, driven by factors including cheaper valuations in Asia, particularly China. The renewed focus on the region is further highlighted by the recent sale […]
Read More