The USD/PHP exchange rate continued rising and is hovering near its all-time high after the last central bank decisions from the United States and the Philippines. The pair was trading at 59, a few pips below its record high of 59.15. It has risen by 6.40% from its lowest level…
The Super Micro Computer (SMCI) stock price has had a roller coaster this year. It initially surged to a high of $122 in March this year, up by over 345% from its lowest point in January. It then erased most of those gains and dropped to the current $32.2. Its…
On Wednesday, Nissan shares skyrocketed by 23% after reports suggested the Japanese automaker is discussing merging with Honda Motor. The potential merger, which could also include Mitsubishi Motors, signals an ambitious move to establish a competitive edge in the burgeoning electric vehicle (EV) market. While Nissan confirmed that collaboration possibilities…
The Vanguard High Dividend ETF (VYM) has retreated in the past few days, falling by over 3.2% from its highest level this year. It was trading at $130.78, its lowest level since November this year. Other dividend ETFs like the Schwab US Dividend Equity (SCHD), iShares Core High Dividend ETF…
Shares of Vishal Mega Mart Ltd., a supermarket chain operator in India, debuted at ₹104 (£0.96) per share, representing a 33.3% premium over its IPO price of ₹78. With the listing, the market capitalisation of the retail giant reached close to ₹50,000 crore (around £4.6 billion). The company’s ₹8,000 crore…
India’s benchmark indices, Nifty 50 and Sensex remained under pressure on Wednesday. The Sensex and Nifty opened largely flat but quickly dipped as investors looked cautious ahead of the US Federal Reserve’s highly anticipated policy decision, which could provide clues on the future path of interest rate cuts. Stocks in…
Applied Materials stock price has nosedived and moved into a technical bear market after falling by over 33% from the highest point this year. AMAT was trading at $170, its lowest level since February 5, meaning that it has largely erased most of the gains made earlier this year. So,…
The tech industry’s generative AI race just got more competitive as Google launched Whisk, a tool designed to create unique images from user-uploaded photos. Unveiled through Google Labs, Whisk allows users in the US to remix subjects, styles, and settings into new visuals without requiring text prompts. It builds on…
The Hermes share price has done well this year, outperforming other top players in the luxury goods industry. It rose to a high of €2,300, its highest level since May 21st and 21% above the lowest point in September. Hermes stock has risen by 24% this year, while LVMH, Kering,…
The Bovespa Index, which tracks the biggest companies in Brazil, has suffered a harsh reversal in the past few weeks. It plunged to a low of BRL 124,700, its lowest level since August 5. It has retreated by almost 10% from its highest level this year, underperforming other global indices…