U.S. stock indices were mostly higher on Wednesday, following a rally in the technology industry led by market favorite Nvidia. Wall Street experienced fluctuations on Tuesday, with the S&P 500 up 0.4% and the NASDAQ Composite up 1.3%, ending three days of declines, boosted by a rebound in Nvidia shares. In contrast, the 30-stock Dow […]
Dollar rises on Fed’s remarks; key inflation data coming up
The U.S. dollar rose on Wednesday, supported by the Federal Reserve’s comments, while falling consumer confidence weighed on the euro. Fed comments support the dollar The dollar received support during Tuesday’s session after Fed Governor Michelle Bowman said the Federal Reserve is likely to hold interest rates steady for some time in an attempt to contain high inflation, […]
U.S. stocks rise; tech sector rebounds after heavy losses
U.S. stock index futures and equities were mostly higher on Tuesday, showing signs of recovery after the general sell-off in technology stocks earlier in the week. Wall Street shows signs of recovery after Nvidia losses The technology sector is showing signs of recovery Tuesday after taking a big hit last session, when the NASDAQ Composite […]
Dollar rises: inflation and political debate on the horizon
The U.S. dollar rose on Tuesday, benefiting from weakness on Wall Street, although gains are limited ahead of the release of key inflation-related data later in the session. The dollar, a safe haven for investors Diminished confidence in the technology sector on Wall Street has helped the U.S. currency to rise on Tuesday, although gains […]
USDT stablecoin creator Tether withdraws support for EOS and Algorand
Tether, the creator of the USDT stablecoin, has announced the withdrawal of its support for the EOS and Algorand blockchains. The decision, communicated through an official statement and social media, means that as of today it stops minting USDT on both blockchains. Tether’s move to withdraw its support for EOS and Algorand has elicited a […]
U.S. stock markets higher; inflation in focus this week
U.S. stocks rose on Monday and remained near all-time highs, as investors awaited key inflation data this week to provide further clues about interest rates. The previous week, the major indices closed weaker after the release of stronger-than-expected purchasing managers’ index readings, which increased concerns that the U.S. economy would remain robust, giving the Federal […]
Dollar falls ahead of PCE data, euro finds support
The U.S. dollar declined on Monday, consolidating after hitting a nearly eight-week high last week, while the euro rose even as German business sentiment weakened. Dollar reacts to PCE data Last week, the US currency received support after the release of better-than-expected PMI data, as the strength of the country’s economy could allow the Federal […]
U.S. stock markets rise; Nvidia retains interest
U.S. stocks rose on Thursday, with the technology industry leading the way ahead of the release of employment and housing-related economic data. The major indices are shaping up for a positive week, with the S&P 500 and the NASDAQ Composite hitting new records on Tuesday, thanks to earnings from market darling Nvidia (NVDA). The stock […]
Dollar rises, pound loses ground ahead of BoE meeting
The U.S. dollar rose on Thursday, while the pound fell ahead of the Bank of England’s latest meeting. Dollar rises after the holiday The U.S. currency rose on Thursday after traders returned to the market following the holiday. U.S. economic data brings initial jobless claims figures along with housing starts data later in the session, […]
Bitcoin price today: trading close to decisive levels around $65k
The Bitcoin price lost ground slightly on Wednesday, continuing recent weakness amid fears over the health of the economy around the world. Bitcoin price trades at decisive levels The possibility of rising borrowing costs in the U.S. have halted enthusiasm for the cryptocurrency market, where bitcoin is the world’s largest capitalized cryptocurrency. The Federal Reserve […]