Mexico’s economy minister proposes reducing Section 232 tariffs and aligning auto rules of origin to ease USMCA trade tensions. Mexico’s economy minister said the country aims to address US concerns over foreign independence under the USMCA, proposing reductions to Section
Elon Musk’s SpaceX showcased a handset-like AI device prototype to select investors in June, integrating xAI technology. SpaceX has demonstrated a prototype AI device to investors, resembling a slim handset, ahead of its anticipated IPO. The device runs a proprietary opera
Investors assess cooling US labor data and resilient Japan manufacturing ahead of Thursday’s Nonfarm Payrolls report. The USD/JPY pair stabilized near 162.50 on Wednesday, reflecting investor caution after mixed US economic data and persistent pressure on the Japanese Yen.
Circle shares plunged 18% on news of a rival stablecoin backed by Visa and Coinbase but rebounded slightly as analysts deemed the sell-off unwarranted. Circle (CRCL) shares tumbled 18% Tuesday following the announcement of Open USD, a competing stablecoin backed by Visa, M
Jefferies warns against buying the dip in Circle as Open USD raises new competition fears The investment bank said new competition from the Stripe- and Coinbase-backed stablecoin consortium could pressure USDC's growth. - Circle shares were higher on Wednesday after Tuesday's...<
Reveille Resources targets a London small-cap listing this week to fund uranium exploration in northern Italy amid rising nuclear energy demand. Reveille Resources, led by Ippolito Ingo Cattaneo and his father Andrea Cattaneo, is preparing to list on London’s Aquis exchang
June ADP employment growth missed estimates at 98K, easing USD pressure and lifting the GBP/USD pair despite Fed hawkishness. The British Pound gained 0.14% against the US Dollar, trading at 1.3277 after dipping to 1.3219 earlier. The move followed softer-than-expected US
The Australian dollar weakens as US economic indicators show expansion in manufacturing but softer private payrolls growth. AUD/USD fell to 0.6900 on Wednesday, reflecting cautious trading as investors assessed mixed US economic data. The pair declined amid a stronger US d
Silver rebounds above $60 as softer US data, Warsh remarks weigh on the US Dollar Silver (XAG/USD) rebounds on Wednesday and trades around $60.35, up 3.19% at the time of writing. The white metal is supported by a weaker US Dollar (USD) following softer-than-expected US ec
Silver (XAG/USD) rebounds on Wednesday and trades around $60.35, up 3.19% at the time of writing. The white metal is supported by a weaker US Dollar (USD) following softer-than-expected US economic data and comments from Federal Reserve (Fed) Chair Kevin Warsh Speak
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