The pound to Japanese yen pair held steady on Monday morning ahead of the upcoming Bank of England (BoJ) and Bank of England (BoE) interest rate decisions. The GBP/JPY exchange rate rose to 194, up from this month’s low of 188.05. Bank of Japan interest rate decision The GBP/JPY pair…
Canoo stock price has imploded, costing long-term investors millions of dollars over time. GOEV shares plunged by over 24% on Friday after it unveiled another round of furloughs as odds of survival remained slim. It has crashed by over 97% this year, bringing its market cap to over $13 million. …
Mullen Automotive (MULN) stock price has crashed this year, as concerns about the company remained. It has plummeted by 99% this year, making it one of the worst-performing companies in Wall Street. This crash has brought its market cap to just $13 million, much less than the $240 million it…
Electric vehicle stocks have diverged this year. On the one hand, we have Tesla whose shares have surged to a record high, giving it a market cap of over $1.4 trillion, and making it the eighth-biggest company in the world. Many EV companies, on the other hand, have imploded, with…
Tilray Brands stock price has been in a strong downward trend this year and is now sitting near its all-time low as concerns about the cannabis industry remains. It has imploded by over 48% this year, bringing its valuation to about $1 billion. Other cannabis companies have also crashed this…
Artificial intelligence tailwinds have already pushed the “Magnificent 7” to new highs, helping more broadly the S&P 500 to hit record levels, still, Lisa Thomas of TD Cowen says “It’s just tip of the spear in terms of the AI story.” Thomas expects another $1.0 trillion deployed in AI over…
Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was also 0.2% lower. The S&P 500 also shed 0.2% on Thursday. The producer prices…
The USD/MXN exchange rate has moved sideways in the past few weeks as traders eye the upcoming Federal Reserve and Banxico interest rate decision. The pair was trading at 20.11 on Friday, down by 3.45% from its highest level this month. Federal Reserve decision The USD/MXN pair will react to…
The Russian ruble has remained under pressure this year as the impact of sanctions and a stronger US dollar continued. The USD/RUB pair was trading at 104.50, down by 8.8% from the highest point this year. It has shed about 14% of its value this year. Here’s why the USD…
The USD/TRY exchange rate has had another difficult year as actions of Turkey’s central bank failed to reboot the currency. The pair has jumped to a record high of 34.88, up by almost 20% this year. This performance has made the Turkish lira one of the worst-performing currencies this year.…