February 26, 2025
Tesla’s market value tumbles below $1 trillion as its Europe sales slump
Tesla’s stock tumbled 8%, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker’s sales slumped in Europe in January. The European Automobile Manufacturers Association reported that Tesla sales dropped 45% in Europe, compared with a 37% jump in overall sales of EVs in Europe. […]
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February 25, 2025
Euro backs off highs as German coalition talks eyed
The euro pulled back from earlier highs after briefly rallying following the election victory of Germany’s conservatives. Investors were also looking for clues to see if Germany will loosen its constitutionally enshrined ‘debt brake’ rule that limits the budget deficit to just 0.35% of national output. The Euro-Dollar price remained largely unchanged in the last […]
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February 25, 2025
Wall Street indexes mixed, tech weighs
Wall Street’s main indexes were mixed in choppy trading, with technology stocks creating the biggest drag as investors awaited results from chip giant Nvidia for clues on the future of demand for artificial intelligence technology. The Dow and the S&P 500 managed small gains.
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February 25, 2025
Bitcoin daily transfer volume drops 76%, but $160B net capital rise is bullish
Bitcoin is currently down 8% in February and is less than a week away from registering its first negative monthly returns since February 2020. With the average return sitting at around 14%, the likelihood of Bitcoin hitting a new all-time high is relatively low based on current sentiments. The Bitcoin-Dollar pair dove 2.0% in the […]
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February 24, 2025
British equities flat as investors weigh mixed data
British stocks ended flat on Friday as investors reacted to mixed economic data this week that left the Bank of England uncertain about the UK’s economic and monetary policy outlook. The benchmark FTSE 100 dipped 0.04%, in the red for a fourth straight session.
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February 24, 2025
Global equities mixed, oil drops on dilemmas about Trump moves
Stocks finished lower on Wall Street but edged higher in Europe on Friday amid uncertainty about U.S. President Donald Trump’s rapid policy initiatives, including spending cuts and tariffs, and Germany’s upcoming elections. Oil prices settled down more than 2% while gold eased from record highs. The Oil-Dollar pair dove 3.4% in the last session. The […]
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