The Japanese yen slipped as traders positioned for Sunday’s snap election, with markets expecting Prime Minister Sanae Takaichi to extend her hold on power and keep a reflationary policy mix in place. According to MUFG Bank analysts, Japan’s political backdrop is adding “downward pressure on the yen,” while Polymarket pricing cited by Benzinga shows near-certainty
Wall Street’s favourite macro assumption that inflation will cool “enough” to let the Federal Reserve cut rates on a predictable timetable faces a real stress test in the coming weeks. The Bureau of Labor Statistics will publish January’s Consumer Price Index (CPI) next week on February 13, followed by the Producer Price Index (PPI) on
Elon Musk’s decision to have SpaceX acquire artificial intelligence startup xAI has sent ripples across global financial markets, reviving long-standing speculation about whether his sprawling corporate empire could eventually be consolidated into a single technology conglomerate. The acquisition, announced earlier this week, already comes amid reports that SpaceX is pursuing an initial public offering valued
The software sector is currently weathering a violent storm, characterized by a rapid sell-off that some are calling a “SaaSapocalypse.” The panic intensified this week as AI startup “Anthropic” introduced advanced capabilities to its Claude Cowork agent, fueling fears that traditional software-as-a-service models are on the brink of obsolescence. However, Wedbush’s senior analyst Dan Ives
Tech stocks have struggled in recent days amid fears of overspending on artificial intelligence and a sharp selloff in software and semiconductor names. Apple, however, has emerged as a rare outperformer, bucking the broader downturn and attracting renewed investor interest. Shares of Apple were up about 6% this week as of Thursday morning, making it
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus. This adjustment was not a recent development
Bitget, the world’s largest Universal Exchange (UEX), today announced the launch of the Bitget Fan Club, a new community initiative designed to bring users closer into the platform’s growth journey through structured participation, product collaboration, and content-driven engagement. The Bitget Fan Club invites users from around the world to become officially recognized contributors to the
Goldman Sachs is deepening its push into generative AI by building autonomous agents with artificial intelligence startup Anthropic to automate some of the bank’s most process-heavy work, reported CNBC. The project focuses on back-office and compliance functions that sit at the heart of daily operations, as large banks look for ways to cut friction, speed
UNI, the native coin of the Uniswap blockchain, is down 10% in the last 24 hours, mirroring the performance of Bitcoin. At press time, UNI is trading at $3.3 after dropping to the $2.8 low earlier today. The bearish performance comes despite Bitwise filing a spot Uniswap ETF application with the SEC. Bitwise files for
US stock index futures steadied on Friday after a bruising selloff in technology shares earlier in the week, offering tentative signs that the worst of the tech-led rout may be easing. Still, investor unease around artificial-intelligence spending remained firmly in focus, with Amazon sliding sharply in premarket trading after unveiling another major jump in capital