USD/ZAR forecast: rand outlook as South African inflation jumps to 4%
The USD/ZAR exchange rate remained in a narrow range this month, even as the US Dollar Index (DXY) continued its strong rally. This consolidation may end soon as South Africa’s…
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Here’s why the Tesco share price is falling today (May 20)
Tesco share price retreated by over 2% on Wednesday, before paring back some of the losses as the UK government pushed retailers to cap price increases amid the ongoing Iran…
Analysts are bullish on Rocket Lab stock ahead of SpaceX IPO: Should you?
Rocket Lab (NASDAQ: RKLB) stock price is in a strong bull run this year and is now hovering at its all-time high. These gains have continued this month as top…
Dow slips as Nvidia rally lifts Nasdaq ahead of crucial earnings
US stocks moved higher on Wednesday as investors piled back into semiconductor shares ahead of highly anticipated quarterly results from chip giant Nvidia, while easing Treasury yields and lower oil…
Intuit to cut 3,000 jobs, Reuters reports, as stock falls ahead of earnings
Intuit is laying off around 3,000 employees globally, or roughly 17% of its workforce, as the software company restructures operations and intensifies its focus on artificial intelligence initiatives. The job…
Marvell stock jumps on AI networking demand: Is more upside coming?
Shares of Marvell Technology (MRVL) surged on Wednesday as Wall Street analysts raised price targets ahead of the chipmaker’s upcoming quarterly earnings report, citing accelerating demand for artificial intelligence infrastructure…
Warsh’s stance on Fed powers sparks concerns over market stability
Incoming Federal Reserve Chair Kevin Warsh has sparked concern among global central bankers after suggesting the US Federal Reserve’s independence may not fully extend to its international crisis-response operations These…
Foreign holdings of US Treasuries fall as Japan, China cut exposure
Foreign holdings of US Treasuries declined in March, according to data released by the US Treasury Department on Monday, with Japan and China leading the reduction in exposure. Total foreign-owned…
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that…