The Bank of England (BoE) held its benchmark interest rate at 4.25% on Thursday, pausing its monetary easing cycle amid weak GDP growth and a softening jobs market, with geopolitical conflicts exerting an upward pressure on prices.The decision came as no surprise to markets, with economists largely predicting the central…
Hong Kong stocks tumbled sharply on Thursday as rising geopolitical tensions in the Middle East and the US Federal Reserve’s cautious stance on interest rates triggered a wave of risk aversion across Asian markets.By 2:09 pm local time, the benchmark Hang Seng Index had plunged 463 points to 23,247.38, breaching…
Investors have piled into crypto stocks in recent sessions after the US Senate passed the GENIUS Act with a decisive 68-30 vote, marking a significant milestone in stablecoin legislation.What the bill essentially does is establish a federal framework for private firms to issue stablecoins under strict regulations, including full reserve…
European stock markets opened broadly lower on Thursday, with the regional Stoxx 600 index retreating as investors continued to grapple with heightened geopolitical tensions between Israel and Iran and the looming possibility of US involvement in the conflict.Despite the generally negative sentiment, the oil and gas sector, along with telecommunications,…
The FTSE 100 Index has pulled back in the past few weeks after a series of weak UK economic data and as geopolitical risks rose. The index, which tracks the biggest UK companies, dropped to £8,800 on Thursday, a few points below the year-to-date high of £8,893.UK stocks will be…
A cohort of Democratic lawmakers from Texas has formally requested that Tesla postpone the highly anticipated launch of its robotaxi service in Austin. The legislators are urging the electric vehicle giant to delay the rollout until September, when a new state law governing autonomous driving is scheduled to come into…
The BYD stock price has pulled back in the past few weeks as investors remain concerned about its margins and profitability. Its Hong Kong shares dropped to H$124 on Thursday, down by over 21% from its highest point this year. Let’s explore whether BYD is a good stock to buy…
The Crown Estate announced on Thursday that Equinor and Gwynt Glas have secured seabed leases. These leases will allow them to construct floating wind farms in the Celtic Sea, off the coasts of Wales and South West England.The Crown Estate, serving as the steward of the seabed surrounding England, Wales,…
Asian markets reacted sharply to the rising tensions in the Middle East as most of the benchmark indices ended the day in red. The investors treaded with caution as the US President gave mixed signals about possible strikes on Iran, coupled with the US Federal Reserve’s recent rate freeze, created a…
XRP price is once again in the spotlight after prominent crypto analyst Michael XBT, who accurately forecasted its 600% rally from $0.38 to $3.40 between July 2024 and January 2025, suggested the coin may be setting up for another major breakout.His original prediction was based on a rare technical pattern…