Global markets were buzzing today as Washington hinted at a potential reset with Beijing, Nvidia hit back at sharp accusations from Michael Burry, and the UK moved to lift wages for millions despite business pushback. Crypto traders also had plenty to chew on, with Bitcoin inching toward a key breakout level as rate-cut hopes rise. […]
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Russia’s central bank announced Wednesday that its engagement with the domestic gold market—both buying and selling for the National Wealth Fund (NWF)—has been on the rise, citing the yellow metal’s growing liquidity. The central bank of Russia has seen a substantial portion of its foreign exchange reserves, held in key Western currencies such as the […]
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Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some given the company’s success in a rapidly evolving retail landscape. John Furner, Walmart’s U.S. CEO, will assume the role of overall CEO on Feb. 1, the company said. McMillon will continue to […]
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The Department of Justice (DOJ) on Friday charged five men from across the U.S. with running an online ‘child exploitation enterprise’ called ‘Greggy’s Cult,’ that allegedly used Discord servers to terrorize, blackmail and coerce minors into ‘horrific acts of self-harm.’ The indictment unsealed by federal prosecutors charges five individuals with ‘conspiracy to produce child pornography, […]
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Ibovespa futures started Friday down after the holiday of Black Awareness Day under the pressure of global risk aversion and reactions of investors on the attitude of the United States towards the removal of a 40% import rate on some products from Brazil. By 9:04 AM (Brasilia time), the December contract fell 0.93%, to 155,410 points. US […]
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The US stock market is on edge today as investors focus on Thursday’s crash following the strong Nvidia earnings. Futures tied to the Dow Jones rose by 0.40%, while those linked to the Nasdaq 100 and S&P 500 indices barely moved. US stock market attempts to rebuild The US stock market is under intense pressure […]
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The XRP price has moved into a bull market after rising by over 24% from its lowest point this month. It has risen in the last three consecutive days and is now hovering at its highest level in a week. This rebound happened after the successful launch of the Grayscale XRP ETF on Monday. XRP […]
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The Japanese yen continued its downtrend this week, moving to its lowest level since February this year. The USD/JPY exchange rate was trading at 154.70, up sharply from the year-to-date low of 139.86. So, what next go the yen and will the Bank of Japan intervene? Why the Japanese yen is failing The Japanese yen […]
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The Swiss franc rebounded against the US dollar as hopes of a deal between the US and the country continued. The USD/CHF pair was trading at 0.7990, down from this month’s high of 0.8117. It has crashed by 13% from its highest level this year. Swiss franc gains amid trade hopes The USD/CHF exchange rate […]
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