Bitcoin, the largest cryptocurrency, has reversed course after flirting with the $100,000 mark. The digital asset reached an all-time high of $99,830 on November 22 but has since dropped over 8% to $91,377.32 as of Tuesday. As of 11:48 am IST on Wednesday, BTC stood at $93,099, according to CoinGecko.…
Singapore’s strategic positioning as a global financial hub continues to strengthen, with the city-state outpacing long-time rival Hong Kong. Bolstered by political stability, favourable tax policies, and a reputation for neutrality, Singapore is attracting a growing share of foreign capital. As tensions between the US and China escalate, the flow…
A recent Wall Street Journal investigation has revealed potentially troubling practices within Morgan Stanley’s wealth management division. Leaked documents indicate that a significant portion of the bank’s high-net-worth clients have been flagged for potential money laundering risks, raising questions about the institution’s due diligence processes and the broader issue of…
The New Zealand dollar rose slightly after the latest RBNZ interest rate decision. The AUD/NZD exchange rate dropped for three consecutive days, reaching a low of 1.1013, its lowest level since November 18, and 1.5% below the highest level this year. Meanwhile, the NZD/USD pair rose slightly to 0.5857, up…
The USD/MXN exchange rate continued rising this week, reaching a high of 20.82 on Tuesday, its highest level since July 2022 and 27% above its lowest level this year. This performance makes the Mexican peso one of the worst-performing currencies, a trend that may continue amid a trade war with…
The Canadian dollar continued its strong downtrend against the US dollar after the potential trade war with its biggest trading partner. The USD/CAD pair surged to a high of 1.4177 on Tuesday, its highest level since 2020 and 5.6% above its lowest point in October. Donald Trump’s trade war with…
The SPDR Dow Jones Industrial Average (DIA) ETF continued charging ahead this week, reaching its highest level on record. The fund, which tracks 30 big companies in the US, jumped to a high of $448.9 on Tuesday, bringing the year-to-date gains to almost 22%. Catalysts for the DIA ETF The…
Walmart (WMT) stock price is doing well this year, and is one of the best-performing companies in the United States. It has jumped by 73% this year, bringing its market cap to over $733 billion, making it substantially bigger than companies like Costco and Home Depot. Walmart stock helped by…
Texas Pacific Land (TPL) stock price has gone parabolic this year, helped by its strong performance and robust insider transactions. It jumped to a record high of $1,767 this week, bringing the year-to-date gains to about 200%, making it one of the best-performing companies in the United States. TPL stock…
Robinhood stock price has been in a strong bull run since 2023, helped by the strong performance of American equities and cryptocurrencies. The HOOD share price peaked at $39.70, its highest level since October 2021, giving it a market cap of over $33 billion. HOOD business is doing well Robinhood,…