Uber Technologies Inc (NYSE: UBER) is in focus this morning after teaming up with WeRide to launch robotaxis in Abu Dhabi. WeRide is a self-driving startup that already holds permits for its autonomous cars in several countries, including Singapore, UAE, the United States, and its hometown – China. The Uber-WeRide…
BlackRock launched options on its Bitcoin exchange-traded funds (ETFs) on November 19, 2024, in a landmark event that looks set to bring cryptocurrencies into the mainstream for institutional and retail investors. This is a moment in crypto history. As financial markets start to feel the effects of yet another major endorsement for the industry,…
Affirm stock price has done well this year, and is hovering at its highest level since 2022 as demand for its services rise. It was trading at $71.88, up by 725% from its lowest level in 2023. Technicals suggest that Affirm stock could keep rising A closer look at the…
In a groundbreaking move that attracted the crypto community’s attention, incoming US president Donald Trump announced the first ever artificial intelligence and crypto ‘czar.’ Trump appointed venture capitalist and tech billionaire David Sacks through the social platform Truth Social. Sacks will work on a legal framework so the Crypto industry…
Costco stock price has been an excellent performer over the years, which has helped it become one of the biggest companies in the US. It has jumped by 620% in the past decade, bringing its market cap to $413 billion. COST shares will be in focus as it publishes its…
Snap stock price has gone nowhere since 2022 as concerns about its growth and rising competition rose. It has remained between the support at $8.22 and the resistance at $17.57 in the past few years as the NASDAQ 100 and the S&P 500 indices have soared to a record high.…
In November 2024, Chile’s inflation rate saw a positive drop to 4.2%, down from 4.7% in October. This shift is significant for consumers and policymakers, as it comes amid various economic challenges and uncertainties. The decrease in inflation provides hope for improving consumer behaviour and guiding economic strategies. Consumer prices…
Argentina’s central bank announced on Thursday a dramatic cut in its benchmark interest rate, from 35% to 32%. This is the latest in a string of monetary measures by the bank as the country struggles with an economic crisis marked by triple-digit inflation. President Javier Milei’s administration hopes that this…
Bitcoin’s dramatic ascent to $103,259 marks a pivotal moment in the cryptocurrency landscape, coinciding with the election of Donald Trump as president. This milestone, representing nearly a 50% gain since early November, is a harbinger of broader shifts under what many call the first pro-crypto administration in US history. Trump’s…
Regulators in Australia are stepping up oversight of the cryptocurrency sector with a new task force aimed at cracking down on illegal crypto ATM operators. According to a recent statement from the Australian Transaction Reports and Analysis Centre (AUSTRAC), the agency has created an internal task force to oversee crypto…