The British pound has ended the week on a lower note against the Japanese yen, as the Bank of England (BoE) and the Bank of...
Dollar Strengthens as Markets Brace for Higher Interest Rates
The US dollar rose to its highest level in six months on Friday, as investors adjusted to the prospect of higher interest rates in the...
Fed Officials Signal More Rate Hikes Amid Inflation Concerns
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point to a range of 4.75% to 5%, the fourth increase...
VinFast to enter European EV market amid China probe
Vietnam’s electric vehicle (EV) maker VinFast has announced its plan to ship its first EVs to Europe this year, as the European Union (EU) considers...
Morocco Faces High Inflation Amid Food Price Surge
Morocco’s inflation rate rose to 5% year-on-year in August, up from 4.9% in July, according to the latest report from the Higher Commission of Planning...
Tesla Pays $21,000 a Year to Be on Elon Musk’s X Platform
Tesla, the electric vehicle company led by Elon Musk, is spending $21,000 a year to have 16 verified accounts on X, the social media platform...
Shaquille O’Neal’s Big Chicken Restaurant Opens Second Location in Las Vegas
Shaquille O’Neal is not only one of the greatest basketball players of all time, but also a successful entrepreneur with a diverse portfolio of investments....
How E-Commerce Stocks Are Adapting To The Changing Market
The e-commerce industry is experiencing rapid growth and transformation as consumers demand more convenience, value and personalization from online shopping. However, e-commerce stocks also face...
AUD/USD Stuck in a Narrow Range as RBA and Fed Await
The Australian dollar versus the US dollar (AUD/USD) exchange rate has been trading in a tight range below the 0.6450 level for the past week,...
EUR/USD plunges to three-month low amid Fed expectations
The euro-dollar exchange rate has been on a downward spiral for the past nine weeks, reaching its lowest level since June 2023. The main driver...
Instacart IPO Fails to Impress as Fed Meeting Looms
Instacart, the largest online grocery delivery company in the US, is set to go public on Tuesday amid a challenging market environment and a slowdown...
Canadian Inflation Data Eyed as USD/CAD Hovers Near One-Month Low
The USD/CAD pair remains under pressure as traders await the release of the Canadian consumer price index (CPI) for August, which could provide some clues...
Tesla may build EV factory in Saudi Arabia as part of its global expansion
Tesla, the world’s leading electric vehicle (EV) maker, is in early talks with Saudi Arabia to set up a manufacturing facility in the kingdom, according...
Precious Metals Gain Ahead of Fed Meeting
Gold prices rose for the third consecutive session on Monday, reaching a more than two-week high of $1,953.40 per ounce. The yellow metal gained 0.4%...
EFG International launches new office and subsidiary in Israel to tap into wealth management market
EFG International, a Zurich-based private banking group, announced on Monday that it has opened a new financial service office in Tel Aviv and has hired...
Turkey eyes Tesla investment as Erdogan meets Musk in New York
Turkish President Recep Tayyip Erdogan has expressed his interest in attracting Tesla’s investment to Turkey during a meeting with the company’s CEO Elon Musk in New...