Nvidia’s wild stock swings put AI rally stamina in spotlight
While the stock’s valuation and threat of competition are major concerns, one variable is key: durability of demand.
View ArticleCrypto exchange Bybit grabs global spotlight in void left by FTX
'When FTX collapsed, we saw the opportunity,' said Zhou, referring to the bankruptcy of jailed Sam Bankman-Fried’s popular but fraudulent platform.
View ArticleSA selloff deepens as cabinet delays spook investors
The nation’s benchmark bond yields jumped on Thursday by the most in almost 14 months and the rand headed for one of the worst losses among emerging-market peers.
View ArticleUS economy shows further signs of slowing under high rates
The government marked down personal spending — the main engine of the economy — by half a percentage point to an annualised 1.5% in the first quarter.
View ArticleBiden’s disastrous debate accelerates doubts over candidacy
A weary president looked every day of his 81 years.
View ArticleThe list of money managers dumping oil stocks just got longer
A number of big banks are taking similar steps.
View ArticleAngola’s rising oil exports validate decision to quit OPEC
Shipments will jump to 1.23 million barrels a day, loading plans show.
View ArticleMagnitude 7.0 quake hits Peru with tsunami waves possible
There were at least three quakes that hit over a period of 10 minutes and they were felt in Lima.
View ArticleOil hits two-month high
Brent for August settlement, which expires Friday, rose 0.9% to $87.13 a barrel.
View ArticleZimbabwe consumer prices steady in June as ZiG tames inflation
The consumer price index was flat in June after falling 2.4% a month earlier, the Zimbabwe National Statistics Agency said Friday in an online briefing.
View ArticleRand leads emerging-market gains on encouraging political news
The rand was up 1.6% against the dollar, the biggest jump since mid-June, on news that political parties were close to wrapping talks on a new ruling alliance.
View ArticleRupert Murdoch’s New York city penthouse gets $10m price cut
After listing for $62m in 2022, the roughly 7 000-square-foot apartment in Manhattan’s Flatiron neighbourhood has been on and off the market with increasingly diminishing price tags.
View ArticleBrazil unveils global billionaire tax plan that has split G-20
Despite political and economic challenges.
View ArticleRamaphosa, Steenhuisen near deal on cabinet posts
Discussions are reportedly ongoing and a final decision has yet to be made.
View ArticleAI obsession obscures bigger promise of climate tech
Boom diverts critical investment from climate solutions.
View ArticleBitcoin investors begin to ponder what’s next after ETF mania cools
Bitcoin, which reached a record $73 798 on March 14, is closing the quarter at around $61 000.
View ArticleGlobal sea transport leaps most since 2010 after Red Sea attacks
The increase comes as vessels have had to re-route their usual journeys thousands of miles around the horn of Africa to avoid the Red Sea and Gulf of Aden, where Yemen’s Houthi rebels are attacking ships.
View ArticleCrypto investment products see third straight week of outflows
Outflows for digital asset funds totaled $30 million for the week ended June 29.
View ArticleBallmer is richer than gates, a first for Microsoft billionaires
The move came as Microsoft shares rose to a fresh record, bringing their total gain this year to 21%.
View ArticleTrump immunity ruling means any trial before election unlikely
Critics have accused the Supreme Court of slow-walking the case to prevent a trial before the election.
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