SoundHound AI Inc (NASDAQ: SOUN) rallied another 30% to an all-time high of $13.12 today after Torchy’s Tacos said it has deployed its AI Smart Ordering across all 130 of its locations. The fast-food chain is broadly known for its “Damn Good Tacos”. Customers will now speak with AI to…
Waymo says it plans on expanding its autonomous ride-hailing service to Miami. Shares of Uber Technologies Inc (NYSE: UBER) as well as peer Lyft Inc (NASDAQ: LYFT) are deep in red following the announcement on Thursday. Waymo is the self-driving technology subsidiary of Alphabet Inc (NASDAQ: GOOGL). Its autonomous ride-hailing…
India’s central bank has opted to maintain its benchmark interest rate at 6.50%, prioritizing inflation control while grappling with a slowing economy. The Reserve Bank of India’s (RBI) decision, announced on Friday, aligns with market expectations but underscores the delicate balancing act required to sustain growth in Asia’s third-largest economy.…
Chinese stocks surged to their highest level in two weeks on Friday, driven by growing hopes of fresh stimulus measures ahead of the Central Economic Work Conference next week. The CSI 300 Index, which tracks onshore stocks, rose as much as 1.9%, led by financial and technology shares. Meanwhile, a…
The US labor market is poised for a significant rebound in November, following October’s storm-induced slowdown. Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net gain of 207,500 jobs. The Bureau of Labor Statistics (BLS) will release its November jobs report at 8:30 a.m. ET…
The United Kingdom may face tough decisions on whether to retaliate against potential US tariffs under President-elect Donald Trump’s administration. Jonathan Reynolds, the UK’s business and trade minister, stated in an interview with the Financial Times that Britain would “think very carefully” before adopting retaliatory measures if Trump imposes fresh…
European markets opened on a mixed note on Friday as investors digested a blend of corporate news and economic data. London’s FTSE 100 slipped by 0.13%, losing over 11 points to 8,338, while Germany’s DAX mirrored the trend, shedding 0.13%. In contrast, France’s CAC 40 climbed 0.28%, and Spain’s IBEX…
The US dollar index remained under intense pressure ahead of the upcoming nonfarm payroll (NFP) data. It retreated to a low of $105.75, its lowest point since November 12, and 2.20% below the year-to-date high of $108.05. Why is the US dollar index falling? The US dollar index, which tracks…
The DAX index continued soaring this week as focus shifted to the upcoming European Central Bank (ECB) interest rate decision. The index, which tracks the biggest blue-chip companies in Germany, rose to a record high of €20,355, bringing the year-to-date gains to about 22%. ECB interest rate cuts The DAX…
The Nifty 50 index rallied to €24,680, its highest level since October 22, and 6.7% from its lowest point in November. It rallied after the Reserve Bank of India (RBI) left interest rates unchanged. RBI interest rate decision The Nifty 50 index has crawled back in the past few days…