Brent Climbs, the international benchmark for oil prices, climbed 1.25% in early American trading, rebounding from a seven-week low. The increase comes after Saudi Aramco, the Saudi Arabian oil giant, decided to raise the price of its crude oil exports to Asia for the third consecutive month. This upward trend in Brent prices is also …
Coinbase Posts Global (COIN.O), a leading cryptocurrency exchange, reported a remarkable turnaround in its first-quarter earnings, posting a profit of over $1 billion after a loss a year earlier. This significant shift was driven by an uptick in cryptocurrency trading following the launch of the first U.S.-listed exchange-traded funds (ETFs) tracking bitcoin. The announcement has …
Coinbase Posts Soaring Profit on Jump in Crypto Prices Read More »
Jobs Test Fed on the strength of the U.S. labor market will be put to the test on Friday with the release of the April employment report, which could impact Wall Street’s recent relief following the Federal Reserve’s policy meeting. However, Apple’s massive $110 billion stock buyback program, the largest in the company’s history, has …
Yen Hits rose against major rivals in Asian trade on Friday, extending its gains for the third consecutive session and reaching a three-week high. This significant turnaround came after Japanese authorities intervened to support the yen, following its slump below the 160 barrier against the dollar for the first time since 1990. This article explores …
Yen Hits Three-Week High as Japanese Authorities Intervene Read More »
Dollar Rebounds on Thursday in European trade, resuming its gains after a brief dip following the Federal Reserve’s recent policy meeting. The dollar’s recovery is influenced by various factors, including shifting market sentiment and the upcoming release of crucial US unemployment claims data. This article explores the recent trends in the dollar’s performance and what …
Dollar Rebounds Ahead of US Unemployment Claims Data Read More »
Cryptocurrencies Shine experienced a notable upswing on Thursday, with several major tokens showing strong gains. This positive performance comes as markets digest the Federal Reserve’s recent policy decisions and comments from Fed Chair Jerome Powell. Adding to the anticipation is the upcoming US payrolls report, which is expected to provide valuable insights into the state …
Cryptocurrencies Shine with Positive Performance Read More »
Gold Gains Ground experienced a modest rise on Thursday as the dollar fell against most major currencies. The shift in the dollar’s value occurred after investors took in the Federal Reserve’s recent policy decisions. These decisions and their broader implications have a significant impact on financial markets, making it crucial for traders and investors to …
Crypto Washout – Bitcoin experienced a significant downturn on Wednesday, dropping nearly 6% and marking its worst monthly performance in April since late 2022. Investors began pulling funds from cryptocurrencies in anticipation of the Federal Reserve’s upcoming interest rate decision. The value of the world’s most traded cryptocurrency fell by almost 16% in April, as …
Crypto Washout Sends Bitcoin Below $58,000 Ahead Read More »
BlackRock, the world’s largest asset manager, is set to launch a new investment platform in Saudi Arabiawith the backing of up to $5 billion from the country’s sovereign wealth fund, the Public Investment Fund (PIF). This significant collaboration aims to boost Saudi Arabia’s capital markets and further the kingdom’s economic diversification efforts. A New Investment …
Traders Expect and investors are bracing for a significant move in the S&P 500 as the Federal Reserve prepares to announce its policy decisions later today. Data from Citibank suggests that the index could experience a swing of nearly 1%marking the most significant movement since May 2023when the Fed’s policy meeting also led to a …
Traders Expect Largest S&P 500 Movement Since 2023 Read More »
