U.S. and eurozone government bond yields remained elevated as escalating geopolitical conflict in the Middle East spurred a spike in oil prices, fueling investor concerns over resurgent inflation.
The rand strengthened against a weaker U.S. dollar as a rally in gold, a key export, overshadowed a steeper-than-expected decline in the nation's manufacturing output.
The Japanese yen strengthened significantly on reports that Tokyo may encourage its massive government pension fund to increase domestic investments. The U.S. dollar held steady, poised for a slight weekly gain ahead of key inflation data.
Investor sentiment toward the Japanese yen has fallen to its most bearish level since 2022, a Bank of America survey found, as concerns over Japan's policy outlook overshadow the risk of currency intervention.
Cryptocurrency exchange Bybit has introduced its virtual payment card in Peru, allowing users to spend account balances in both local and U.S. currency and marking an expansion of its services in Latin America.
Cryptocurrency exchange Bybit announced its Private Wealth Management Bitcoin funds generated a 4.9% annualized return over the past 60 days. The report comes as the firm expands its suite of yield-generating products for long-term Bitcoin holders.
The parent company of Men's Wearhouse and Jos. A. Bank has filed to go public on the Nasdaq, revealing a rise in quarterly revenue as it continues its turnaround from a 2020 bankruptcy.
Biotechnology company Scribe Therapeutics has submitted a registration statement for an initial public offering on the Nasdaq Global Market under the proposed ticker 'SCTX'.
The social media giant discontinued its 'Muse Image' feature just days after launch following criticism from users and the SAG-AFTRA union over its use of public Instagram photos for AI training.
