A forecast from Citi suggests the U.S. dollar could strengthen to 163 Japanese yen if Japan's Topix stock index surges to the 4,500 level, citing the historical link between equity performance and currency weakness.
Bitcoin's price fell over 2% as escalating military conflict between the U.S. and Iran prompted a flight from risk, a sentiment compounded by Federal Reserve meeting minutes indicating a divided outlook on interest rates.
Bitcoin fell more than 2% as escalating military conflict between the U.S. and Iran triggered a flight from risk assets, while minutes from the Federal Reserve's June meeting signaled a divided and uncertain monetary policy outlook.
A Cantor Fitzgerald-backed SPAC and Bitcoin investment firm BSTR Holdings have scrapped their original merger agreement, citing the need for new terms that better reflect current market conditions.
A Bank of America report names South Korea and the United Arab Emirates as the strongest contenders in the global AI race outside of the dominant U.S. and China, citing their strategic advantages in semiconductors, government investment, and rapid adoption.
A Bank of America report names South Korea and the United Arab Emirates as the strongest contenders in the global AI race beyond the dominant U.S. and China, citing unique strengths in semiconductors, investment, and energy.
A Morgan Stanley analysis of earnings calls shows a rising number of U.S. companies are reporting concrete financial benefits from AI, moving past hype to demonstrate tangible returns on investment.
European wholesale natural gas prices fell on Friday after shipping data confirmed that liquefied natural gas (LNG) tankers from Qatar are continuing to pass through the Strait of Hormuz, easing fears of an immediate supply disruption despite high regional tensions.
Australian authorities have confirmed the first case of H5N1 avian influenza in a local seabird, a significant development that raises concerns about the virus establishing itself and spreading within the country's native wildlife populations.
