MOEX Russia Index Hits Three-Year Low on Broad-Based Sell-Off
Russia's benchmark stock index fell over 2% to its lowest point in three years at Friday's close, dragged down by significant losses in the mining, oil and gas, and power sectors.
Latest by Elena Volkova
SpaceX Gets $800 Target as Analysts Diverge on Salesforce, Shopify AI Plays
Raymond James initiated coverage on SpaceX with a Street-high price target, while Bernstein downgraded Salesforce on weak AI product feedback, highlighting a week of significant analyst moves in the AI sector.
Meta Pulls New AI Image Tool Days After Launch Amid Privacy Backlash
The social media giant has discontinued its 'Muse Image' feature, which used public Instagram photos to generate AI images, following swift criticism from users and the SAG-AFTRA union over its automatic opt-in policy.
Dollar Reverses Gains as Dovish Fed Minutes Outweigh Geopolitical Risks
The U.S. dollar reversed earlier gains driven by geopolitical tensions, falling after the Federal Reserve's June meeting minutes suggested a more divided and cautious outlook on future rate hikes than investors had anticipated.
UBS Recommends NZD After Central Bank Hikes Rates to 2.50%
UBS maintains a positive outlook on the New Zealand dollar following the Reserve Bank of New Zealand's decision to raise its key interest rate for the first time in three years. The bank recommends shorting the AUD/NZD pair, citing expectations of further monetary tightening.
Canadian Dollar Strengthens as Oil Prices Spike on Mideast Tensions
The Canadian dollar gained against its U.S. counterpart after a sharp rise in crude oil prices, a key Canadian export, fueled by escalating geopolitical tensions with Iran. The move also boosted market expectations for a Bank of Canada interest rate hike.
Yen Bearishness Reaches Four-Year High on Policy Concerns, BofA Survey Shows
Investor sentiment toward the Japanese yen has soured to its most bearish level in four years, a new Bank of America survey shows, as doubts over the country's policy path outweigh the risk of official intervention.
Crypto Tax Firms Cut Client's IRS Audit Exposure From $1.55M to $148K
A cryptocurrency investor's potential $1.55 million IRS tax bill was reduced to approximately $148,000 after tax firms reconstructed blockchain data to prove that disputed transactions were non-taxable wallet transfers, not unreported income.
Liquid Mercury's MERC Token Meets EU MiCA Disclosure Rules, Paving Way for Trading
Liquid Mercury announced its MERC token has fulfilled key disclosure requirements under the EU's MiCA regulation after its white paper was added to the ESMA register. The move is a critical step for the token to be listed on regulated trading venues across the European Union.