Category: Latest News
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Dollar Softens on Fed Easing Bets; Euro Rebounds on French Political Calm
The U.S. dollar slipped on Thursday, pressured by growing expectations that the Federal Reserve will continue cutting interest rates this year, while signs of political stability in France lifted the euro to its strongest level in a week. At 04:45 ET (08:45 GMT), the U.S. Dollar Index — which tracks the greenback against six major…
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Gold Smashes New Records Above $4,200 as Traders Eye Fed Easing and Trade Risks
Gold prices pushed even higher in Asian markets on Thursday, notching yet another all-time high as investors positioned for potential interest rate cuts from the Federal Reserve and reacted to escalating U.S.-China trade frictions. It was the fourth consecutive session in which the yellow metal set a fresh record. Spot gold rose 0.7% to $4,237.87…
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Oil Prices Gain as Trump Claims India Will End Russian Crude Purchases
Oil prices edged higher on Thursday after U.S. President Donald Trump said that Indian Prime Minister Narendra Modi had agreed to stop importing oil from Russia, a move that could tighten global supply. Brent crude futures climbed 56 cents, or 0.9%, to $62.47 a barrel by 06:55 GMT, while U.S. West Texas Intermediate (WTI) futures…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, TSMC Shatters Profit Records, Oracle Gears Up for Analyst Event, Gold Extends Rally
U.S. stock futures ticked higher early Thursday as investors assessed stellar earnings from Taiwan Semiconductor Manufacturing Company (NYSE:TSM), upcoming updates from Oracle Corporation (NYSE:ORCL), and a fresh surge in gold prices to record levels. Renewed U.S.-China tensions also hovered in the background, adding to market caution. Wall Street Futures Inch Up At 02:51 ET, Dow…
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China closes the door – NEO Battery Materials opens a window to profits in the drone market
From November 2025, China will tighten export controls. The export of high-performance batteries and related materials will become significantly more difficult. This political decision is turning the global supply chain for electric mobility and high-tech upside down. While established players outside China struggle, a small Canadian company is catapulting itself into a unique position. NEO…
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Nasdaq, S&P 500 Close Higher After Another Volatile Session
Stocks showed wild swings over the course of the trading day on Wednesday, extending the substantial volatility seen during the previous session. The major averages spent the day bouncing back and forth across the unchanged line. While the Nasdaq and the S&P 500 (SPI:SP500) ended the day firmly in positive territory, the narrower Dow posted…
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New $40 billion deal boosts global AI infrastructure
A consortium led by the Artificial Intelligence Infrastructure Partnership (AIP), MGX, and Global Infrastructure Partners (GIP), part of BlackRock, announced the acquisition of 100% of Aligned Data Centers, valued at approximately US$40 billion. Founded by BlackRock (NYSE:BLK), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), MGX and GIP, AIP was created to strengthen the infrastructure needed for AI-driven economic advancement. This…
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Ripple Expands Presence in Africa with Absa Bank Partnership
Ripple, the developer of the XRP token (COIN:XRPUSD) and an institutional blockchain provider, announced a partnership with Absa Bank, one of South Africa’s largest banks, to offer digital asset custody services to institutional clients. The agreement marks Ripple’s first major custody partner on the African continent. Absa Bank, which manages approximately 2.07 trillion rand (US$119.5…
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NBCUniversal and Aptos Labs Expand Partnership with Web3 Backlot Club Platform
NBCUniversal and Aptos Labs (COIN:APTUSD) have expanded their collaboration with the launch of Backlot Club, a Web3 platform designed to transform fan engagement with entertainment. Built on the Aptos Layer 1 blockchain, the project combines physical and digital experiences, offering verified rewards securely stored on a decentralized network. Backlot Club aims to unite Universal’s audience…
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CoreWeave Shares Climb on Plans for Massive AI Data Center in Texas
CoreWeave (NASDAQ:CRWV) stock rose 4.6% on Wednesday morning after The Wall Street Journal reported that the company is teaming up with AI startup Poolside to build a large-scale, self-powered data center complex in West Texas. The upcoming site, named “Horizon,” will be developed on more than 500 acres owned by the Mitchell family—an area roughly…