Despite recent reports suggesting a scaling back of Saudi Arabia’s $1.5 trillion NEOM megaproject, Economy Minister Faisal Al Ibrahim has adamantly stated that all projects are moving full steam ahead. The futuristic desert development on the Red Sea coast, hailed as unprecedented, is still on track to deliver something groundbreaking. Reports surfaced in early April
The Stooges memecoin project on Solana has gained attention in the cryptocurrency community due to its unique approach of satirizing well-known figures in the crypto world. With the upcoming presale and listing on BitMart Exchange, Stooges aims to attract memecoin enthusiasts and bring attention to the meme culture in the crypto space. The decision to
The U.S. dollar experienced a decline on Monday in anticipation of the latest Federal Reserve meeting. This was a significant movement in the Dollar Index, showing a decrease of 0.2% to 105.630. The previous high for the greenback was at 106.00 on Thursday. The dollar had shown gains of over 1% in April, which was
The sudden jump of the yen against the dollar on Monday took traders by surprise, with many attributing it to yen-buying intervention by Japanese authorities. This move was aimed at boosting the currency, which has been struggling near 34-year lows. The dollar experienced a sharp decline to 156.55 yen from its earlier high of 160.245.
The Japanese yen has continued to weaken, with little relief in sight, as a result of increased expectations of higher U.S. interest rates. The USDJPY pair has surpassed the 160 level, reaching highs last seen in 1986. Despite signals from the Bank of Japan not offering concrete monetary policy changes, the currency market has seen
McDonald’s is expected to report single-digit earnings and revenue growth from the year-earlier period. Despite this, the fast-food giant is facing challenges with shares down more than 7% year to date. Analysts are hopeful that the Q1 report could serve as an inflection point for McDonald’s, with a price target of $340 and an overweight
Netflix has been a top pick among analysts due to its recent first-quarter results, which exceeded expectations. With a focus on revenue and operational margin metrics, the streaming giant added 9.3 million subscribers, surpassing estimates. BMO Capital analyst Brian Pitz reiterated a buy rating on NFLX stock, emphasizing the company’s growth in the U.S. market.
The American economy is set to remain resilient amidst a challenging global economic landscape, with key drivers poised to sustain growth in the coming years. The impact of technological advancements, particularly in the realm of artificial intelligence, is expected to play a pivotal role in shaping the future of various industries. Jose Rasco, chief investment
Crypto analyst Ali Martinez has pointed out a significant decrease in Bitcoin whale activity since March 14. This decline in transactions involving large sums has led to speculation about its potential impact on the price of BTC. The charts accompanying Martinez’s analysis illustrate a noticeable drop in transactions exceeding $100,000, following Bitcoin’s recent surge to
Wolfspeed is a semiconductor company specializing in silicon carbide technologies. Their focus is on providing solutions for efficient energy consumption and a sustainable future. With product families that include silicon carbide material and power devices for various applications such as electric vehicles, fast charging, renewable energy, and storage, Wolfspeed has positioned itself as a market