Risk Warning: Trading in the foreign exchange (Forex) market carries high risks as it involves trading on margin, and this type of investment may not be suitable for all investors.
The crypto community, boasting millions of enthusiasts, is poised to exert significant influence in the upcoming U.S. elections. Recent victories for the crypto industry underscore its growing impact on American politics and policy in Washington. Cathie Wood, CEO of ARK Invest, noted that cryptocurrency has emerged as a critical election issue, pointing to the […]
Crypto as an Election Issue Read More »
Wall Street futures edged lower on Thursday as investor sentiment was dampened by uncertainty over the Federal Reserve’s interest rate policy ahead of key economic data releases. Major tech stocks such as Alphabet (NASDAQ), Microsoft (NASDAQ), and Nvidia (NASDAQ) saw pre-market declines of 0.4% to 0.8%, continuing their losses from the previous day. This
Rate-cut jitters pressure Wall Street; key numbers on tap Read More »
U.S. Futures Slip Amid Concerns Over Treasury Sales and Fed Rate Cuts 1. Futures Decline U.S. stock futures edged lower on Thursday, extending losses from the previous session as investors grew concerned about rising Treasury yields and the outlook for Federal Reserve interest rate cuts. By 03:41 ET (07:41 GMT), Dow futures had
Futures dip, Salesforce forecast falls short of estimates – what’s moving markets Read More »
Oil prices increased in Asian trading on Wednesday, driven by expectations that major producers will sustain output cuts in an upcoming meeting on Sunday, and by the anticipated rise in fuel consumption as the peak summer demand season begins. By 0630 GMT, Brent crude futures for July delivery had gained 18 cents, or 0.2%,
Oil advances as major producers expected to keep output cuts in place Read More »
JPMorgan Chase (NYSE) is closely coordinating with local officials following a building explosion in Youngstown, Ohio, a bank spokesperson confirmed. The statement came after a video of the alleged blast was shared on X. The company is currently ensuring the safety of individuals in the building and the surrounding area. The spokesperson added that
JPMorgan carrying out safety check after explosion at Ohio building Read More »
A New York prosecutor told jurors on Tuesday that the hush money payment central to former President Donald Trump’s criminal trial was an attempt to “deceive the American voter” during the 2016 election, as attorneys presented their closing arguments. Prosecutor Joshua Steinglass argued that the $130,000 payment made to ensure porn star Stormy Daniels
Trump sought to ‘hoodwink’ voters with porn star payment, prosecutor tells jury Read More »
A European private wealth manager in Hong Kong shared with me last week that he recently secured a Taiwanese billionaire’s account, thanks to geopolitics. The billionaire had narrowed down his choices to two major wealth managers—UBS and JPMorgan Chase—after the collapse of Credit Suisse last year. He wanted to add a third bank but
In the Market: In Asia, people ask, how do I derisk from America? Read More »
Bitcoin’s price edged up slightly on Wednesday but remained confined within a recent trading range as caution over U.S. inflation and interest rates kept traders wary of risk-driven assets like cryptocurrencies. However, the world’s largest cryptocurrency saw some relief after media reports suggested that crypto exchange Mt. Gox clarified it had no immediate
Bitcoin price today: steady at $68k amid rate fears, MT Gox risk eases Read More »
The dollar strengthened on Wednesday due to increasing expectations that the Federal Reserve will delay cutting rates until later this year, ahead of critical inflation reports. Meanwhile, the yen weakened to its lowest point in four weeks. The rise in Treasury yields also bolstered the dollar, following a tepid response to the auction of
Dollar steady ahead of inflation data, yen hits 4-week low Read More »
Gold prices steadied in Asian trade on Wednesday as traders focused on upcoming U.S. inflation data and interest rate decisions. A somewhat hawkish outlook on U.S. interest rates kept caution high in metal markets. In industrial metals, copper prices remained rangebound due to cooling optimism over Chinese stimulus measures and anticipation of more economic
Gold prices steady amid rate jitters, copper flat with China in focus Read More »