November 26, 2024
Indonesia says Apple’s $100 million investment proposal inadequate
$100 million investment proposal from Apple to build an accessory and component plant in Indonesia was not enough to allow the sale of the latest iPhone. Indonesia banned sales of iPhone 16 after it failed to meet requirements that smartphones sold domestically should comprise at least 40% locally-made parts. The last session saw Apple shares […]
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November 26, 2024
Sterling firms after 3-day slide against sagging dollar
Sterling snapped a three-day losing streak, as the dollar’s slide after the selection of fund manager Scott Bessent as U.S. Treasury Secretary lent support to most major currency pairs. GBP slumped to six-month low last week. The Pound dipped a slight 0.2% against the Dollar in the last session. The Ultimate Oscillator is giving a […]
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November 26, 2024
Gold tumbles over 3% on reports of Israel-Hezbollah ceasefire
Gold prices plunged over 3%, breaking a five-session rally to its highest in nearly three weeks, as reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump’s nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal’s safe-haven appeal. The Gold-Dollar pair plummeted 3.8% in the last session. The CCI is […]
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November 25, 2024
Amazon doubles down on AI startup Anthropic
Amazon pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative AI technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude.
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November 25, 2024
Black Friday puts consumer spending in market’s glare
Global stocks registered a strong weekly gain while U.S. The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicked off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in […]
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November 25, 2024
Tether mints an additional $3 billion in USDt stablecoins
Stablecoin issuer Tether minted an additional $3 billion in USD tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets – particularly Bitcoin as it approaches the $100,000 price level.
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