Nvidia had an impressive quarter with its data center revenue soaring by 427%. The company’s first-quarter revenue of $26.04 billion surpassed Wall Street estimates, showing that there is still a strong demand for its artificial intelligence chips. This led to the stock price jumping by more than 10% in a single day. The company’s guidance
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After the release of the minutes from the latest US Federal Reserve meeting, the price of gold fell to $2370.00 per troy ounce. The Fed’s policymakers displayed a notably cautious sentiment, indicating the need for more time to be confident that US inflation is declining towards the 2% target. This cautious stance has tempered market
Asian markets experienced a downturn on Thursday as investors grappled with the impact of major economies choosing to adopt a cautious approach towards monetary easing amidst concerns of persistent inflation. The MSCI’s broadest index of Asia-Pacific shares outside Japan dropped by 0.57%, with Australia’s S&P/ASX 200 index witnessing a decline of 0.8%. The reluctance of
When it comes to the value of the New Zealand Dollar (NZD), various economic factors play a crucial role in determining its strength and weaknesses. The government’s deficit, fiscal policies, and external influences all contribute to the fluctuations of the Kiwi in the foreign exchange market. Government’s Deficit and Fiscal Policies Finance Minister Nicola Willis
Recently, the Financial Conduct Authority (FCA) in the UK has granted approval to WisdomTree to list exchange-traded products (ETPs) that are backed by cryptocurrencies like Bitcoin and Ether on the London Stock Exchange. This decision has sparked a lot of discussions and speculations among investors and regulatory bodies alike. The approval of these ETPs comes
The NZD/USD pair has shown signs of preparing for a mid-week rally, nearing the 0.6116 level. This recent surge marks the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary policy structure unchanged during the May meeting. With the interest rate remaining steady at
The Consumer Financial Protection Bureau recently declared that customers of the buy now, pay later industry are entitled to the same federal protections as credit card users. This development has significant implications for the rapidly growing sector, which is currently dominated by fintech firms like Affirm, Klarna, and PayPal. The regulatory framework put forth by
In April, Britain experienced a decrease in inflation that was less significant than anticipated by both the Bank of England and economists. Despite forecasts for a drop to 2.1%, consumer prices only decreased to an annual 2.3%, down from 3.2% in March. This unexpected trend had a ripple effect on various sectors, prompting investors to
The USD/CAD pair drifted lower to 1.3640 in Wednesday’s early European session despite the softer Canadian CPI inflation data. The annual Canadian CPI inflation rate slowed to 2.7% in April from 2.9% prior, increasing the likelihood of a rate cut from the Bank of Canada (BoC) in June. Speculation and Investor Sentiment Following the release
DocuSign, a popular contract management platform, is adamant about staying a public company and is actively working to showcase its potential in artificial intelligence to investors, according to CEO Allan Thygesen. Despite rumors of private equity firms like Bain Capital and Hellman & Friedman expressing interest in acquiring the company, Thygesen stated in an interview
Federal Reserve Governor Christopher Waller has recently expressed his views on the current state of inflation and its impact on the need for further interest rate increases. He cited a variety of data points indicating that inflation may be slowing down, leading him to believe that additional rate hikes may not be necessary. Waller pointed
The recent helicopter crash that claimed the life of Iranian President Ebrahim Raisi has had a significant impact on the gold market. The crash, which also took the lives of several other high-ranking officials, including Foreign Minister Hossein Amir-Abdollahian, occurred in a mountainous area near the border with Azerbaijan. As news of the tragic incident