Bitcoin, the flagship cryptocurrency, has experienced a turbulent 24 hours, fluctuating around the $100,000 mark as the Federal Reserve’s cautious outlook on interest rate cuts dampened enthusiasm for speculative investments. This volatility underscores the complex interplay between monetary policy, market sentiment, and Bitcoin’s own inherent fluctuations, creating an environment of…
Despite sluggish demand in the retail jewellery market, Beijing-based Laopu Gold has emerged as a standout success. With revenue skyrocketing 148% year-on-year in the first half of 2024 and stock prices surging 437% since its June Hong Kong listing, the jeweller has become the best performer on the Hang Seng…
The largest strike in Amazon’s history, organized by the International Brotherhood of Teamsters, erupted across the US this week, marking a significant escalation in the ongoing battle for better wages, benefits, and workplace safety. Thousands of Amazon workers and Teamsters affiliates staged protests outside fulfillment centers in cities like New…
Breaking up companies into smaller, independent entities is proving to be a winning formula for investors. Spinoffs, often pursued to create shareholder value, have delivered extraordinary returns in 2024. The Bloomberg Spinoff Index, which tracks companies separated from their parent firms over the past three years, has surged 63% this…
Donald Trump, the president-elect of the United States, has issued another warning to the European Union, threatening tariffs if its member states do not increase their purchase of American oil and gas. The statement, made via Truth Social, signals Trump’s intent to leverage energy exports to address the US-EU trade…
European markets experienced a downturn on Friday, with the pan-European STOXX 600 index declining by over 1%, reaching its lowest point in nearly a month. This decline marked the worst weekly performance for European stocks in three months. The market’s downturn was influenced by US President-elect Donald Trump’s statements regarding…
The USD/JPY exchange rate continued rising this week after the Federal Reserve slashed rates, while the Bank of Japan (BoJ) maintained them unchanged. It also rose on Friday after the latest Japan inflation data. The Japanese yen was trading at 158 against the US dollar, up from the September low…
The US dollar index continued its strong surge this week as the greenback gained against most currencies. The DXY surged to a high of $108.50, its highest level since 2022, and 8.30% higher than its lowest level this year. US dollar index surge accelerates The greenback has jumped sharply against…
The NZD/USD exchange rate continued its freefall this week and reached its lowest level since 2022. The kiwi plunged to a low of 0.5600, down by about 12% from its highest level this year, after the latest New Zealand data. Hopes of more RBNZ cuts rise The NZD/USD pair has…
The MOEX index has plunged this year as most of its companies remained in the red and the Russian ruble slipped. The index, which tracks the biggest 50 companies in Russia, was trading at RUB 180, down by over 30% from its highest point this year. It has become one…