Forex

Musk warns ‘America will go bankrupt’ without major government reforms: here’s why

Elon Musk, as head of the Department of Government Efficiency (DOGE), took center stage at Donald Trump’s first Cabinet meeting of his second term, outlining his aggressive plans to cut federal spending. The billionaire Tesla and SpaceX CEO presented...

Nissan mulls CEO change after Honda deal collapse shakes investor confidence – report

Nissan Motor is considering replacing its CEO Makoto Uchida as investor confidence wanes following the breakdown of merger talks with Honda Motor Co, according to Bloomberg News. The collapse of the proposed $60 billion deal has intensified concerns...

Nvidia signals unstoppable AI demand with strong Q1 forecast, hails ‘amazing’ Blackwell chip orders

Nvidia continues to solidify its dominance in the artificial intelligence sector, with its latest earnings report showing a 93% surge in data center revenue. The company’s transition to its new Blackwell architecture signals a strategic shift from in...

ByBit crypto theft: North Korea’s TraderTraitor hackers stole $1.5B, FBI says

The Federal Bureau of Investigation (FBI) has confirmed that North Korean hackers, operating under the codename “TraderTraitor,” were behind the theft of approximately $1.5 billion in virtual assets from ByBit, a major cryptocurrency exchange. The at...

Crypto markets tumble as Trump’s tariff plans rattle investors; Bitcoin falls to $82K, Ethereum slides 7%

Cryptocurrency markets took a sharp hit today as Bitcoin (BTC) plunged to an intraday low of $82,000, while Ethereum (ETH), Solana (SOL), and XRP extended their losses, falling between 3% and 7%. The downturn comes amid heightened macroeconomic uncer...

Ukraine-US rare earth minerals deal: Trump confirms Zelenskyy’s Washington visit

US President Donald Trump confirmed that Ukrainian President Volodymyr Zelenskyy will visit Washington on Friday to sign a rare earth minerals agreement, a deal that Kyiv sees as crucial for securing continued US support amid ongoing peace negotiatio...

DXY index analysis: Here’s why the US dollar has crashed

The US dollar index has suffered a harsh reversal this month as some global risks eased. The DXY, which weighs the greenback against a basket of currencies, has dropped to $106.62, down by over 3.25% from its highest level this year. Let’s expl...

Oil prices rise as Trump revokes Chevron’s Venezuela license, tightening crude supply

Oil prices rebounded from two-month lows on Thursday after US President Donald Trump revoked a key license allowing Chevron to operate in Venezuela, a move that could tighten global crude supply. The decision marks a significant shift in US policy an...

USD/ZAR analysis: megaphone pattern points to rand crash to 20

The South African rand strengthened a bit against the US dollar as traders watched the latest South African inflation data and the upcoming tariffs from the United States. The USD/ZAR exchange rate traded at 18.55 on Thursday morning, down from the y...

Stacks’ sBTC gains traction: top firms like Jump Crypto deposit early in Bitcoin DeFi play

Stacks, a prominent layer-2 solution designed to unlock the potential of Bitcoin for decentralized finance (DeFi), is gaining significant momentum. The platform announced today that a number of major institutions are adopting sBTC, a 1:1 Bitcoin-back...

ZoomInfo’s $500M bet: is the CEO right about its undervalued stock?

ZoomInfo (ZI) is riding high after a strong fourth-quarter earnings report sent its stock soaring, but that’s not stopping founder and CEO Henry Schuck from doubling down on his belief in the company’s long-term value. In fact, Schuck is...

Short Gold: bearish breakout below $2,900 signals further downside amid risk aversion and weak U.S. data

Earn USDT and boost airdrop: GRVT’s new trading competition starts March 1

GRVT (pronounced ‘gravity’), a hybrid exchange making waves as the world’s first regulated decentralized exchange (DEX), has announced a new trading event designed to reward its users and showcase the power of algorithmic trading. T...

Kaspersky warns of malware-ridden GitHub projects: how hackers are stealing credentials

Cybercriminals are exploiting GitHub to spread credential-stealing malware through fake repositories, cybersecurity firm Kaspersky has warned. The campaign, dubbed “GitVenom,” involves attackers creating seemingly legitimate projects filled with mali...

AB InBev beats revenue estimates as premium and non-beer sales offset declining beer demand

Anheuser-Busch InBev (AB InBev), the world’s largest brewer, delivered stronger-than-expected fourth-quarter revenue, defying concerns over declining global beer demand. The company reported a 3.4% year-over-year revenue increase to $14.84 billion, s...

Bybit gets $600M ETH injection from Mirana Ventures after massive $1.5B hack

Bybit, one of the world’s largest cryptocurrency exchanges, has received a $600 million Ethereum (ETH) deposit from Mirana Ventures following a $1.5 billion security breach that drained ETH-based assets from the platform. The injection of funds, sour...

Solana plunges over 50% from all-time high as memecoin trading activity fades

Solana’s recent price collapse has shaken investor confidence, with the blockchain experiencing its worst month since the FTX crash in November 2022. SOL has plunged over 50% from its recent highs in January, shedding 38% in the past 30 days alone. W...

Crypto market update: Bitcoin tumbles amid liquidations while Ethereum and Solana rebound

Bitcoin (BTC) tumbled below $86,000 in intraday trading, triggering a wave of liquidations as investors reacted to market volatility. Meanwhile, altcoins staged a notable recovery, with Ethereum (ETH) nearing $2,500 and Solana (SOL) surging 5%. Meme...

Tesla is no longer a trillion-dollar company: what investors need to know

Tesla’s post-election stock surge has nearly vanished as shares of the electric vehicle giant tumbled over 8% on Tuesday, pushing its market capitalization below $1 trillion for the first time since early November. The decline, fueled by investor con...

Asia markets mixed as Wall Street slides; Japan’s Nikkei drops, Hang Seng rallies

Asia-Pacific markets traded mixed on Wednesday as investors reacted to overnight losses on Wall Street, driven by weak US consumer confidence data and a pullback in tech stocks. Japan’s Nikkei 225 and Australia’s ASX 200 extended their losing streaks...