The Bank of Canada (BoC) kept its benchmark interest rate unchanged at 2.75% for a third straight meeting on Wednesday as expected, as it treaded carefully amid global trade tensions. While the immediate danger of an all-out global trade war may have receded, confusion regarding US trade policy still looms…
Peloton Interactive Inc (NASDAQ: PTON) soared nearly 20% on Wednesday after a senior UBS analyst issued an ultra-bullish note in its favour.In her research note this morning, Arpine Kocharyan upgraded the connected fitness company to “buy” and raised her price target to $11 – indicating potential upside of over 80%…
Morgan Stanley has published an update to its Latin American model portfolio, which incorporates a more diversified approach by boosting exposure to Argentina, while keeping Brazil as its biggest overweight in the region. The bank’s first allocation changes come in a year in which emerging markets saw the largest capital…
The US has slapped sanctions on Brazilian Supreme Court Justice Alexandre de Moraes, citing concerns over his conduct in the criminal proceedings against former President Jair Bolsonaro.This was announced by the US Treasury Department on Wednesday. The sanctions accuse Moraes of overstepping legal boundaries.The Trump administration said that the judge…
Bitmine Immersion Technologies Inc (BMNR) rallied more than 10% today following news that influential investor Cathie Wood trimmed her stake in Block Inc (XYZ) to load up on BMNR.The founder and chief executive of Ark Invest spend over $15 million on buying 477,498 Bitmine shares across three of her flagship…
Pakistan announced a deal with the US that it expects will reduce tariffs on its exports. Meanwhile, President Donald Trump lauded an agreement focused on developing Pakistan’s oil reserves, according to a Reuters report.However, the agreed tariff rate was not mentioned by either party.In an effort to counter China’s regional influence,…
European stock markets began Thursday on a positive note, with the regional Stoxx 600 index climbing higher as investors digested a deluge of corporate earnings reports from some of the continent’s largest companies. This upbeat start, supported by a strong showing from US tech giants, comes amidst a complex global…
North America’s UAV (drone) market is undergoing a rapid transformation, fuelled by breakthroughs in AI, autonomous flight, and regulatory shifts aimed at reducing dependence on Chinese technology.In a bold move to rebuild the domestic drone sector, the US government is crafting an ambitious industrial policy—echoing the intent of the CHIPS…
The United States and South Korea have struck a fresh trade deal that imposes a 15% tariff on South Korean goods imported into America.US President Donald Trump announced the trade deal on Wednesday, just hours ahead of the August 1 deadline.The development came after Trump announced 25% tariffs against India…
Meta Platforms Inc. delivered robust second-quarter results late Wednesday, sending its stock up nearly 12% in early Thursday premarket trading.The Facebook and Instagram parent beat Wall Street estimates on both revenue and profit, underlining the strength of its core advertising business and growing investor confidence in its artificial intelligence strategy.Revenue…