Category: edge
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Solana (SOL) Teeters on the Edge: Is a Steep Decline Next?
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Solana failed to cross the $205 resistance level and pared gains. SOL price is now below $192 and showing some bearish signs. SOL price started a new decline after failing to stay above $200 against the US dollar. The price is now trading below the $192 level and the 100…
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Dow, S&P 500 edge higher with Trump tariffs, jobs report in focus
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The US dollar (DX=F, DX-Y.NYB) continued its recovery on Wednesday, adding gains after the currency was on track to hit a one-week low. This is after a report published by the Washington Post on Monday Which indicates that President-elect Donald Trump will not commit to a strict tariff plan. But…
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S&P 500, Nasdaq edge lower with rate cuts, inflation data in focus
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President-elect Donald Trump rang the opening bell Thursday morning as technology stocks fell after new inflation data cast doubt on investors’ confidence in the future path of interest rates. The Dow Jones Industrial Average (^DJI) embraced the flat line, while the S&P 500 (^GSPC) fell about 0.2%. The Nasdaq Composite…
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Crypto firm Prometheum gained an edge under Gary Gensler’s SEC. Suddenly its future appears less certain
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For many years, the cryptocurrency industry has complained about the SEC’s hardline stance, and its refusal to develop rules that take premium blockchain technology into account. However, one company claimed that the current crypto rules set by the Securities and Exchange Commission (SEC) are good. This stance has paid off…
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£40bn tax hike through NIC and Capital Gains Tax leaves businesses on edge
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In her first Budget, Chancellor Rachel Reeves introduced £40bn in tax rises, largely focused on increasing National Insurance contributions for employers and implementing a temporary repatriation facility for non-resident individuals. According to Nimesh Shah, CEO of Blake Rotenberg, while pre-Budget rumors pointed to sweeping tax changes, the actual announcements were…
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US futures edge higher as focus shifts to job market By Investing.com
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U.S. stock futures opened modestly higher by 0.1%, while the greenback rose by 0.3%. The yield on U.S. Treasury bonds remained relatively unchanged, as did the . Meanwhile, the yield on the 10-year U.S. Treasury note was at 3.903% at 18:05 ET (22:05 GMT). Focus shifts to the labor market…
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Analysis-Sterling’s stunning rally keeps twitchy currency markets on edge By Reuters
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By Naomi Rovnick LONDON (Reuters) – Sterling hit a near 2-1/2-year high against the dollar and soared against the euro in moves analysts warned were fuelled by speculative interest rate bets that could quickly unravel in markets still shaken by the country’s turmoil in early August. Sterling has risen above…
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US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
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U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
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US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
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U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
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US stock futures edge higher ahead of key payroll revisions, Fed minutes By Investing.com
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U.S. stock index futures were slightly higher on Wednesday, as investors were cautious ahead of initial revisions to U.S. jobs data and the release of minutes from the Federal Reserve’s latest policy meeting. At 06:20 ET (10:20 GMT), Apple Business Insider stock was up 32 points, or 0.1%, gaining 3…
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US stocks edge higher; cautious trading ahead of Jackson Hole, Fed minutes By Investing.com
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U.S. stocks rose on Monday, steadying after last week’s strong gains, as investors awaited minutes from the Federal Reserve’s latest policy meeting, as well as the central bank’s Jackson Hole symposium, for clues on future monetary policy. By 09:35 ET (13:35 GMT), the index was up about 90 points, or…
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US futures edge higher as key inflation report matches expectations
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U.S. stock futures rose on Wednesday as Wall Street digested a key signal on consumer prices that is set to help shape the future of near-term interest rate policy. Futures tied to the S&P 500 (ES=F) and Nasdaq (NQ=F) were up about 0.2%. Dow Jones Industrial Average (YM=F) futures were…
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Forexlive Americas FX news wrap 12 Aug: Geopolitics has the markets on edge.
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Monday saw the New Zealand dollar perform strongly among major currencies, while the Japanese yen was the weakest. The US dollar ends the day with mixed results, with gains against the Japanese yen and the Canadian dollar, and declines against the Australian and New Zealand dollars. The greenback was little…
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Phinxt Robotics secures £2M funding to scale robotics automation with innovative edge AI platform
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PHINXT Robotics, an AI-powered robotics software company, has secured £2m in an oversubscribed funding round to develop an innovative AI platform that simplifies and scales robotic automation in warehouses. The tour was led by Shore Valley Projects With the participation of Ada Ventures, From the heart and Atlas Ventures. Founded…
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Squeeze on carry trades leaves currencies, investors on edge By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar suffered sharp losses on Tuesday as the yen retreated after a sharp rise in the previous session as traders faced the prospect of a sharp rate cut by the Federal Reserve. The yen fell 0.89 percent on Tuesday to 145.48…
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Insurance industry must seize ESG opportunities for competitive edge
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Like any other sector, the insurance industry is expected to reap significant benefits by adopting environmental, social and governance (ESG) considerations in strategy implementation. Insurance companies must leverage the opportunities provided by ESG to enhance their growth strategy, future viability, and long-term sustainable dividend distributions to stakeholders. Environmental, social and…
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Insurance industry must seize ESG opportunities for competitive edge
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Like any other sector, the insurance industry is expected to reap significant benefits by adopting environmental, social and governance (ESG) considerations in strategy implementation. Insurance companies must leverage the opportunities provided by ESG to enhance their growth strategy, future viability, and long-term sustainable dividend distributions to stakeholders. Environmental, social and…
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Earnings from AI giants could push the Nasdaq 100 over the edge
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The massive exodus of big tech companies has sent the Nasdaq 100 down 8% in just two weeks, putting it on the verge of a correction. Whether it can avoid that dubious event will likely hinge on the earnings of four companies whose combined value is nearly $10 trillion. In…
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Traders on edge as KRA goes for unpaid old taxes
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The Kenya Revenue Authority has sent letters to dozens of businesses notifying them of overdue VAT balances accumulated before the introduction of iTax in 2014, which could hit those unable to provide proof of payment with invoices running into millions of shillings. Most of the balances date back more than…
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Arm is poised for upside as edge AI emerges, Morgan Stanley says
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Various photography Arm Holding Company shares (NASDAQ: ARM) Owns Jumped more than 130% Year-to-date, the AI spending boom continues. But as AI starts to reach the edge, the British chip designer is poised to reap big rewards, according to a Morgan Stanley report. Stanley said. Arm, which is partly owned…