Dow rises 110 points as Nasdaq slides on AI fears, oil surge weighs
US stocks opened lower on Tuesday, led by weakness in technology shares, as investors reassessed whether the artificial intelligence boom can sustain its
Economy
Economy
US corporate bonds see strong foreign demand led by tech shift
Foreign demand for US investment-grade corporate bonds has remained strong for 15 consecutive months, according to a note by Citigroup, as cited in
Economy
UAE quits OPEC in seismic shift, but Hormuz crisis halts freed-up oil
In a seismic shift for the global oil market, the United Arab Emirates has confirmed its exit from OPEC and OPEC+, effective May
Economy
Standard Chartered, BlackRock, OKX launch tokenised collateral framework
Standard Chartered said on Tuesday it has launched a new framework allowing institutional clients to use BlackRock’s tokenised short-term US Treasury fund as
Economy
Nvidia stock slides as OpenAI fears spark selloff in chip stocks
Semiconductor stocks declined sharply on Tuesday, with Nvidia and its peers coming under pressure after fresh concerns emerged about the financial trajectory of
Stocks
Bitcoin Steadies at $77K as April Surge Builds Momentum
The cryptocurrency market leader is poised for its greatest monthly performance in a year, with a 13.6% increase in April. With an additional
Investing
USD/JPY forecast: triangle forms ahead of FOMC, BoJ rate decisions
The USD/JPY exchange rate will be in the spotlight this week as the Federal Reserve and the Bank of Japan (BoJ) publish their
Investing
Dollar under pressure as US-Iran talks fail to gain momentum
The US dollar traded unevenly on Monday as uncertainty surrounding the Middle East conflict kept investors cautious. Hopes for a potential deal to
Investing
Pound rises slightly against dollar amid Iran deal hopes, BoE focus
Sterling inched higher against the US dollar on Monday as investors tracked geopolitical developments and awaited the upcoming Bank of England policy meeting
Economy
Dow Jones rises 96 points as Iran tensions keep Wall Street cautious
Wall Street’s main indexes were muted on Monday, as stalled peace talks between the United States and Iran and rising oil prices kept