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USD/INR strengthens as FIIs outflow, US H-1B visa fees hike weigh on Indian Rupee
The Indian Rupee (INR) refreshes its all-time low around 89.10 against the US Dollar (USD) at open on Wednesday. The USD/INR pair trades in uncharted territory as an absence of a breakthrough in trade discussions between India and the United States (US) over the bilateral trade agreement and the annFxstreet
Wed, Sep 24
WTI holds losses near $63.50 despite growing supply concerns
West Texas Intermediate (WTI) Oil price edges lower after registering more than 2% in the previous session, trading around $63.50 per barrel during the Asian hours on Wednesday. Crude Oil prices gained ground after the American Petroleum Institute’s (API) Weekly Statistical Bulletin (WSB) reported a
Trump’s Crypto 401(k) Plan Sparks Lawmaker Support, SEC In Spotlight
Reports have disclosed that a bipartisan group of lawmakers has asked the Securities and Exchange Commission to act quickly on an executive order from US President Donald Trump that could open 401(k) plans to alternative assets, including cryptocurrencies. Related Reading: Violence Rises: Crypto Hol...Bitcoinist
Wed, Sep 24
Trump’s ‘National Capital’ Strategy Targets Lithium with 10% Stake Bid
TradingKey - Shares of pure-play lithium producer Lithium Americas surged more than 80% in after-hours trading on Tuesday, breaking past $5.60 per share. The rally followed market reports that the Trump administration is actively seeking to acquire up to a 10% equity stake in the company.
TradingKey
Wed, Sep 24
Supply Crunch, Record Profits, Profit Focus: Micron’s Q4 Earnings Defy the Memory Cycle
TradingKey - Micron Technology (MU), the sole U.S.-based memory chipmaker, delivered a stunning Q4 FY2025 earnings report and issued first-quarter FY2026 guidance far above market expectations. Fueled by AI and data center demand, High Bandwidth Memory (HBM) products are in severe shortage, and
TradingKey
Wed, Sep 24
Zijin Gold Delays $3.2 Billion IPO as Typhoon Pummels Hong Kong
Zijin Gold International Co. delayed its $3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a standstill and disrupting the company’s ability to take orders for its initial public offering.Tiger News
Wed, Sep 24
In OpenAI Megadeal, Nvidia Discusses a New Business Model: Chip Leasing
OpenAI and Nvidia are discussing an unusual way to structure their new artificial intelligence data center partnership, under which OpenAI would lease Nvidia’s AI chips rather than buying them, according to two people who spoke to executives at the companies about it, The information reported.Tiger News
Wed, Sep 24
OpenAI reveals Stargate AI facility in Texas, projects planned in five more states
OpenAI revealed plans Tuesday to build six large computer facilities across the country, adding to its current Texas location as part of a massive $500 billion spending plan that President Donald Trump highlighted earlier this year.Cryptopolitan
Wed, Sep 24
U.S. business growth in September slowed to its weakest pace in three months as tariffs pushed up costs and demand cooled
U.S. business activity grew in September but at the weakest pace in three months, with softer demand limiting how much firms could raise prices even as tariffs added to their costs.Cryptopolitan
Wed, Sep 24
Lithium Americas stock jumped 90% after Trump confirmed the U.S. will buy a 10% stake in the company
Lithium Americas stock exploded late Tuesday after President Donald Trump revealed plans for the U.S. government to buy a 10% stake in the lithium firm, according to Reuters. The stock shot up almost 90% in after-hours trading, jumping from around $3 to $5.54.Cryptopolitan
Wed, Sep 24
Post-Bell | U.S. Stocks End Lower; TSMC Jumps 4%; Tesla Falls 2%; Nvidia and Amazon Drops 3%; Oracle Sinks 4%
U.S. stocks finished lower on Tuesday, breaking a three-session string of record closing highs, as Federal Reserve Chair Jerome Powell said the U.S. central bank needs to balance inflation concerns with a weakening job market in its coming interest rate decisions.Tiger News
Wed, Sep 24
Fed Divide Widens: Goolsbee Holds Back, Bowman Calls for Quicker Cuts
TradingKey — On Tuesday, September 23, Chicago Fed President Austan Goolsbee said the U.S. economy is contending with slowing growth and a softening labor market, and he cautioned against rushing into further rate cuts. Meanwhile, Fed Governor Michelle Bowman pushed back, arguing that the central baTradingKey
Tue, Sep 23
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