Forex

Tesla Inc. is positioned for significant growth as the incoming Trump administration indicates plans to accelerate regulatory support for artificial intelligence (AI) and autonomous vehicles, according to Wedbush analysts. They assert that Tesla remains the most undervalued AI opportunity in the current market. Wedbush highlighted the potential for a more…

Asian stocks rose on Monday, supported by record-high closes on Wall Street, while the dollar rebounded from multi-week lows against the yen and British pound, as the market awaited key developments on the U.S. interest rate outlook. Chinese stocks received an additional boost from strong data in a private manufacturing…

Russian Rouble Expected to Stabilize Around 100 per Dollar, Says VTB CEO The Russian rouble is likely to stabilize at approximately 100 to the U.S. dollar following recent volatility triggered by U.S. sanctions on Russia’s financial sector, Andrei Kostin, CEO of VTB, the country’s second-largest lender, told Reuters on Monday.…

Gold Prices Decline Amid Dollar Strength Following Trump’s Tariff Warning Gold prices dropped in Asian trading on Monday, weighed down by a stronger dollar after U.S. President-elect Donald Trump threatened to impose substantial tariffs on the BRICS nations. The appeal of gold as a safe haven was further diminished by…

The Chinese yuan dropped to a four-month low against a strengthening U.S. dollar on Monday, as Asian currencies took a hit following U.S. President-elect Donald Trump’s announcement of potential hefty tariffs on BRICS nations. In a social media post on Sunday, Trump threatened 100% tariffs on BRICS countries — Brazil,…

The U.S. is set to implement its third major crackdown in three years on China’s semiconductor industry starting Monday. The new measures will impose export restrictions on 140 companies, including Naura Technology Group, a chip equipment manufacturer, according to sources familiar with the matter. These restrictions aim to curb Beijing’s…

U.S. lender JPMorgan Chase (NYSE:JPM) announced on Friday that it would drop its lawsuit against Tesla (NASDAQ:TSLA), which accused the electric vehicle maker of “flagrantly” violating a 2014 contract related to stock warrants sold to the bank. The decision was revealed in a joint one-page filing in a Manhattan court,…

The U.S. State Department has approved a potential arms sale to Taiwan valued at approximately $385 million, according to the Pentagon. The deal, announced on Friday, includes spare parts for F-16 jets and radar systems, coming just ahead of Taiwan President Lai Ching-te’s sensitive Pacific tour, which involves stops in…

Shares of Naturgy Energy Group   climbed on Friday following J.P. Morgan’s decision to upgrade the stock from “underweight” to “neutral.” The upgrade was driven by improving earnings prospects and the stock’s recent underperformance compared to its sector peers. Analysts highlighted two key reasons for the shift: an anticipated acceleration…

The yen surged more than 1% against the U.S. dollar to reach a six-week high on Friday, driven by stronger-than-expected inflation in Tokyo, which fueled speculation of a potential Bank of Japan interest rate hike next month. Meanwhile, the U.S. dollar weakened against other currencies, with trading volumes lighter due…