Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid risk aversion, as traders remain cautious and are reluctant to make significant moves ahead of the release of the closely watched monthly U.S. jobs data later in the day that will offer...
Elon Musks artificial intelligence startup X.AI Corp., doing business as xAI, has raised $6 billion in its new funding round, according to a filing with the U.S. Securities and Exchange Commission. With the latest capital raise, the company reportedly stands at more than $40 billion valuation. The new funding round brings xAIs total raised fund...
Asian stocks ended mixed on Friday, with Chinese and Hong Kong markets outperforming ahead of an annual economic policy meeting scheduled for next week. A cautious undertone prevailed ahead of a U.S. jobs report due later in the day that might shift expectations for Federal Reserve rate cuts. The dollar weakened, helping gold prices push...
German stocks were little changed on Friday as investors continued to monitor the latest political developments in France and South Korea, and awaited the release of U.S. payrolls data later in the day that could alter the odds of a Federal Reserve rate cut later this month. Traders currently price in a 68 percent chance...
The euro area economy expanded as initially estimated in the third quarter on household and government spending and investment, revised data published by Eurostat showed Friday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent growth posted in the second quarter. The rates matched the preliminary estimate. On an annual basis,...
Jobs data from Canada and the U.S. hold the key for stocks on Bay Street on Friday. Metal stocks may move up on firm gold and silver prices, while oil stocks are likely to remain a bit subdued early on due to weak oil prices. The Canadian jobs data for the month of November is...
The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation. After the conclusion of the three-day...
Tyler Spalding co-founded Flexa to enable seamless crypto payments in retail, bridging digital assets with traditional finance.In 2023, Tyler became Acronym Foundation’s president, focusing on Web3 innovations like Anvil and Ampera. Tyler Spalding, a technology innovator, was born with a passion for engineering and went on to acquire a Bachelor’s degree in Mechanical Engineering and...
A Ross Ulbricht-linked wallet address has reportedly lost $12 million in an attempt to provide liquidity for a meme coin called ROSS. The developer of the token reportedly sent 50% of the supply to Ulbricht; however, 10% of the supply is currently remaining after the blunder. In a recent update, we discussed the release of the...
US President Donald Trump has warned against de-dollarization by the BRICS bloc.The potential of Bitcoin displacing the Dollar remains a key consideration among proponents. President Donald Trump has warned against the intergovernmental BRICS blocs over their plans to abandon the US dollar. The BRICS nations include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia,...