The FTSE 100 Index continued its rally this week and was hovering near its all-time high as market participants reacted to the key earnings by some American companies and Lloyds Bank. It was trading at £10,170, a few points below the all-time high of £10,240. This
The CAC 40 Index retreated this week after LVMH, its biggest constituent company, published weak results that cast doubt on the luxury sector recovery. It retreated to a low of €8,070, down sharply from the year-to-date high of €8,396. This article explores some of the
The EUR/USD exchange rate retreated sharply as market participants reacted to the rising odds that Kevin Warsh will become the next Federal Reserve Chair. It retreated to a low of 1.1925, down from the year-to-date high of 1.2077 ahead of the upcoming European Central Bank
Global markets faced renewed pressure on Friday as investors digested signals around the next US Federal Reserve chair, escalating trade threats from President Donald Trump, a deepening selloff in cryptocurrencies, and policy moves in Indonesia following sharp equity volatility.Asian markets slide as Fed chair speculation
Binance plans to convert its $1 billion Secure Asset Fund for Users into Bitcoin, signalling a change in how the exchange structures its emergency protection reserve during a volatile market phase. The move was outlined in an open letter posted on X and is set
The Commodity Futures Trading Commission will draft clear standards for prediction markets and withdraw proposals that would prohibit political and sports-related event contracts, Chair Michael S. Selig said Thursday. The move aims to end uncertainty and signal support for “lawful innovation” in event-based trading.“Despite their
With the Bitcoin price losing multiple key support areas and printing multi-month lows on Friday, traders are concerned that the flagship cryptocurrency may be positioned for further downside.Bitcoin fell to an intraday low of $81,314 today as the market reacted to macro headwinds out of
The United States Department of Justice has completed the forfeiture of more than $400 million in cryptocurrency and other assets linked to Helix, an early darknet crypto mixing service. The move follows a final court order from the US District Court for the District of
Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm. ‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role
The chances of another U.S. government shutdown have fallen drastically in the past 24 hours. This comes as President Trump is said to be nearing a deal with Senator Schumer to stop the government from closing indefinitely. Trump Signals Deal to Stop Government Shutdown in