July 9, 2024
Boeing has agreed to pay a fine of over $243 million
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of over $243 million to resolve an investigation into two 737 MAX fatal crashes. The plea deal would brand the planemaker a convicted felon in connection with crashes in Indonesia and Ethiopia in 2018 and 2019 that killed 346 […]
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July 8, 2024
The U.S. dollar index stays lower after US jobs data
The U.S. dollar index stayed slightly lower after data showed U.S. job growth slowed marginally in June while the unemployment rate rose, underscoring the view the Federal Reserve could begin cutting interest rates in September.
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July 8, 2024
Gold prices rise to over one-month high following US jobs report
Gold prices extended gains to their highest level in over a month following key U.S. jobs data that showed the labor market was softening, lifting expectations around a Federal Reserve interest rate cut in September.
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July 4, 2024
AI deals lift US venture capital funding to two-year high
U.S. venture capital funding surged to $55.6 billion in the second quarter, marking the highest quarterly total in two years. The latest figure shows a 47% jump from the $37.8 billion U.S. startups raised in the first quarter, largely driven by significant investments in AI companies, including $6 billion raised by Elon Musk’s xAI. Shares […]
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July 4, 2024
Oil prices rose after deep weekly draw in US crude inventories
Oil prices gained about 1% after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories in thin trading ahead of the U.S. Independence Day holiday. The Oil-Dollar pair gained 0.7% in the last session after rising as much as 1.1% during the session. The MACD is giving […]
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July 4, 2024
Yen drops to 38-year low
The yen sank to a 38-year low against the U.S. dollar and a record trough versus the euro, as the Japanese unit continued its downward spiral, with market participants on high alert for Japanese intervention to boost the currency. The Dollar-Yen pair traded sideways in the last session. The ROC’s is giving a negative signal.USD/JPY […]
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