BoC rate cut likely to be followed by more in 2H24
On Wednesday, the Bank of Canada (BoC) cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute...
On Wednesday, the Bank of Canada (BoC) cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute...
-- Most Asian currencies firmed on Thursday, tracking weakness in the dollar as soft labor data continued to trickle in, ramping up bets that the Federal Reserve will...
According to Odaily, US federal regulators have reached an agreement to launch an antitrust investigation into the dominant positions of Microsoft, OpenAI, and Nvidia in the artificial intelligence industry. This move is seen as the strongest indication of an upgraded regulatory review of this powerful technology. Insiders revealed that the US Department of Justice and the Federal Trade Commission reached this agreement over the past week and it is expected to be finalized in the coming days. According to the agreement, the Department of Justice will lead the investigation into whether the behavior of Nvidia, the largest artificial intelligence chip manufacturer, has violated antitrust laws. The Federal Trade Commission will play a leading role in reviewing the behavior of OpenAI and Microsoft. This move signifies a significant step in the regulatory scrutiny of the AI industry, as these companies hold substantial influence in the sector.
The U.S. dollar steadied in early European trade Thursday, while the euro gained ahead of the latest policy-setting meeting by the European Central Bank. In Asia, USD/JPY traded 0.1% higher to 156.31, but remained well below recent peaks.
Over the past few weeks as I study charts and go about my daily life, I become consumed by the cost of living. I recently had a conversation with a ...
-- Australia’s trade balance grew more than expected in April, as a drop in key commodity exports was offset by an even bigger decline in imports as local demand...
Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.
The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges.
Binance has resumed allowing its users to purchase crypto using Mastercard. Does this signal the end of Binance’s regulatory troubles?