The US Dollar Index (DXY) remained in a tight range on Tuesday as market participants waited for the upcoming US Consumer Price Index (CPI) data. It was trading at $98.50, higher than the year-to-date low of $9632. US Inflation report ahead The DXY Index rose to $98.50 ahead of the July consumer inflation data, which […]
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The World Economic Forum’s president, Børge Brende, has raised the alarm on three potentially dangerous financial bubbles that could reshape global markets in the coming months. Speaking in Brazil’s financial hub São Paulo this week, Brende warned that crypto assets, artificial intelligence investments, and mounting government debt levels each pose significant risks to economic stability. […]
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Stocks edged higher on Tuesday as Wall Street awaited progress in Washington over the ongoing US government shutdown, now entering its second week. The S&P 500 and Nasdaq Composite each gained 0.1%, while the Dow Jones Industrial Average advanced 106 points, or 0.2%. Expectations that the government would reopen on Monday were dashed after the […]
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US stocks were little changed on Wednesday as investors grappled with renewed valuation concerns surrounding the artificial intelligence trade, following mixed quarterly results from several leading technology companies. The Nasdaq Composite and the S&P 500 hovered near the flatline shortly after the opening bell, while the Dow Jones Industrial Average rose 62 points, or 0.1%. […]
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The AUD/NZD exchange rate continued its strong rally, reaching a three-year high as concerns about the Reserve Bank of Australia (RBA) rose. The pair soared to a high of 1.1310, in its eighth consecutive week, up by over 6.16% from its lowest level in June this year. RBA and RBNZ divergence continues The AUD to […]
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On Tuesday, the US saw significant developments, as Tesla introduced lower-cost versions of its Model 3 sedan and Model Y SUV to counter slowing sales, while Canada and the United States held a high-profile yet inconclusive trade meeting in Washington. In the United States, Attorney General Pam Bondi faced questions over the handling of Epstein-related […]
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California has passed a law that protects unclaimed cryptocurrency from being forcibly converted to cash, making it the first state to offer such explicit safeguards. California Governor Gavin Newsom signed Senate Bill 822 on Oct. 14, effectively updating the state’s Unclaimed Property Law to include digital assets like Bitcoin, Ethereum, and other cryptocurrencies, and becoming […]
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Tesla stock rose over 7% on Friday, lifted by renewed investor optimism despite concerns over weak sales, stretched valuations, and Chief Executive Elon Musk’s strategic shift toward artificial intelligence and robotics. The rally marked a sharp reversal for the Tesla stock that has struggled this year, weighed down by the lack of new vehicle launches […]
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The Zimbabwe ZiG currency is holding steady against the US dollar and other currencies as its reserves jump and the country’s economy perform well. The official USD/ZWL exchange rate was quoted at 26.5 by the Zimbabwean Central Bank. Why the Zimbabwe ZiG is stable The ZIG currency has been relatively stable this week because of […]
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McDonald’s Corp. shares edged higher on Wednesday even after the fast-food giant missed Wall Street’s earnings and revenue forecasts for the third quarter. Investors appeared encouraged by stronger-than-expected comparable sales growth and the company’s focus on value-driven strategies aimed at reviving traffic amid consumer belt-tightening. McDonald’s shares surged 3.34% to $309 on Wednesday’s trading. Earnings […]
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