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US faces $14B economic hit as government shutdown drags
The economic toll on the US continues to grow as the government shutdown persists. The standoff, according to a new analysis from the Congressional Budget Office (CBO), could result in a decline in national economic output of between $7 billion and $14 billion.Cryptopolitan
Thu, Oct 30
Crypto Daily｜Trump Media Launches Polymarket Rival; South Korea’s Central Bank Warns Risks Of Won-Pegged Stablecoins
Trump Media & Technology Group has announced a partnership with Crypto.com to launch Truth Predict. The move places the company in direct competition with major players like Polymarket and gives it a stake in the $9 billion prediction markets.Tiger News
Wed, Oct 29
Apple Hits $4 Trillion Market Value as New iPhone Models Revitalize Sales
Apple briefly topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.Its stock briefly reached $269.89, giving Apple a market value of $4.005
Tiger News
Wed, Oct 29
Nasdaq Rallies 0.8% to New Record; Nvidia Soars Nearly 5% to New High; Microsoft Hits $4 Trillion Market Cap; Nokia Rockets 23%
All three major U.S. stock indexes posted record closing highs again on Tuesday as Nvidia shares gained following news it will build artificial intelligence supercomputers for the U.S. energy department, and as investors were optimistic about corporate earnings ahead of key results from megacaps thiTiger News
Wed, Oct 29
US Treasury’s Bessent: Japanese government gives BoJ policy space, avoid excess FX volatility
US Treasury Secretary Scott Bessent said on Wednesday that the government’s willingness to allow the Bank of Japan (BoJ) policy space will be key to anchoring inflation expectations and avoiding excess foreign exchange (FX) volatility.Fxstreet
Wed, Oct 29
‘One-Stop Shop’ SoFi Posts 129% Q3 Net Income Surge, Achieves Five New Records
TradingKey - SoFi Technologies (SOFI), a leading fintech company championing a “one-stop shop” strategy, delivered another strong earnings report on Tuesday, setting all-time highs across five core metrics: total revenue, net profit, fee-based income, membership, and product. SoFi shares rose about
TradingKey
Tue, Oct 28
China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins
Despite facing criticism for lagging behind the United States in creating a more accommodating environment for cryptocurrency growth and adoption, China reaffirmed its stringent stance on crypto once again this week. Authorities issued warnings about the alleged risks posed by stablecoins, particulaNewsBTC
Tue, Oct 28
USD/INR rises further Indian Rupee weakens on rising oil price
The Indian Rupee (INR) extends its downside against the US Dollar (USD) at open on Tuesday. The USD/INR jumps to near 88.60 as the Indian Rupee underperforms due to a recovery move in the Oil price seen in the past week.Fxstreet
Tue, Oct 28
Tesla Gains Massive Vote of Confidence on Compensation Plan for Elon Musk
The State Board of Administration of Florida (SBA) has given a significant endorsement to Tesla's proposed $1 trillion compensation plan for CEO Elon Musk. This development was disclosed in a filing submitted to the Securities and Exchange Commission (SEC) on Monday.
Tiger News
Tue, Oct 28
Nasdaq Jumps 1.86%, S&P Rises 1.23% to Fresh Highs; Nvidia, AMD Advance Nearly 3%; Tesla Gains over 4%; Qualcomm Surges 11%
Wall Street's main indexes posted record closing highs for the second day in a row on Monday as investors were hopeful about the prospects for a U.S.-China trade deal and looked forward to a week packed with high-profile technology earnings and a widely expected U.S. interest rate cut.Tiger News
Tue, Oct 28
USD/JPY drifts lower, nearing 152.50 as Fin. Min. Katayama speaks
US Dollar rally has been capped at the 153.30 area earlier on Monday, the same area as in early October, and the pair trimmed gains to reach intra-day lows at 152.60 as Japan’s Finance Minister Satsuki Katayama spoke to the press, following a meeting with US Treasury Secretary Scott Bessent.Fxstreet
Mon, Oct 27
Gold weakens as US-China trade optimism lifts risk sentiment, focus turns to Fed
Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets. At the time of writing, XAU/USD is trading around $4,025, down over 2.0%, extending its retreat from last week’s record high of $4,381 after a wave of profit-taking spurred by progrFxstreet
Mon, Oct 27
Silver Price Forecast: XAG/USD hits fresh lows near $47.30 on risk appetite
Silver (XAG/USD) extends losses on Monday amid a positive market sentiment, following upbeat reports regarding a potential China-US trade deal. The white metal’s reversal from mid-October highs above $54.00 is approaching the $47.00 level.
Fxstreet
Mon, Oct 27
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