November 7, 2024
Stocks surge as Trump returns to presidency
U.S. stocks soared to record highs after Republican Donald Trump won the 2024 U.S. presidential election in a stunning comeback four years after he was voted out of the White House. The Dow Industrials, S&P 500 and Nasdaq Composite all hit record highs. U.S. President-elect Donald Trump’s impending return to the White House appears to […]
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November 6, 2024
Accelerating Bitcoin adoption
List of companies, including Robinhood, Galaxy Digital, Kraken and Paxos, have formed a consortium supporting the latest stablecoin pegged to the United States dollar. Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide. The Bitcoin-Dollar pair skyrocketed 3.2% in the last session. The ROC is giving […]
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November 6, 2024
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
In April, Tesla’s stock dropped when news surfaced that it had scrapped plans for a $25,000 EV. Elon Musk quickly responded, calling the report “a lie”, and shares regained some ground. However, Musk now suggests that a low-cost EV is “pointless” without full autonomy.
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November 5, 2024
Gold edges up as US election jitters, Fed policy meeting loom
Gold prices edged up, as U.S. election uncertainty loomed with markets pricing in chances of a contested result and political tensions, while investors also kept a close tab on the Federal Reserve policy meeting later this week. The Gold-Dollar pair traded sideways in the last session. The ROC is giving a negative signal.Support: 2714.6 | […]
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November 5, 2024
Wall Street struggles to gain as uncertainty around U.S. election grows
U.S. stock indexes slipped in choppy trading, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.
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November 5, 2024
Oil jumps nearly 3% after OPEC+ delays output hike
Oil prices climbed nearly 3% on OPEC+’s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up 2,8%. The Oil-Dollar pair gained 1.1% in the last session after rising as much as 1.7% during the […]
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