Economy

Economy
Economy

XRP stays below $1.4 as retail interest and ETF inflow remain weak

Bitcoin, Ether, and XRP are in the green as the broader cryptocurrency market has performed positively since Wednesday, following a poor start to the week. XRP, the native coin of the Ripple ecosystem, is up 1% in the last 24 hours and is now trading at $1.38.  Despite its slight rally, the coin has underperformed

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Economy

India exits Mali lithium project citing security risks, Rosatom complications

India is reportedly withdrawing from a major lithium extraction project in Mali, a decision driven primarily by escalating security risks and political instability within the West African nation.  The project is notable for its backing by Russia’s state nuclear corporation, Rosatom, adding a geopolitical layer to India’s concerns. This withdrawal underscores New Delhi’s strategy to

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Economy

Cardano (ADA) rises 5% as funding rates flip bullish, eyes $0.30 breakout

The cryptocurrency market has turned green following a poor start to the week. Bitcoin and Ether are up 1% and 2% respectively over the last 24 hours. ADA, the native coin of the Cardano blockchain, is up 5% during that period, making it the second-best performer among the top 20 cryptocurrencies by market cap. ADA’s

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Economy

Singapore rolls out national AI council, tax breaks, training push to accelerate adoption

Singapore is accelerating its artificial intelligence strategy with sweeping measures aimed at reshaping businesses, upgrading worker skills, and strengthening financial markets. Presenting the national Budget on Thursday, Prime Minister Lawrence Wong announced a national AI council, new tax incentives, workforce programmes, and expanded access to AI tools. The initiatives reflect a coordinated effort to embed

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Economy

Burger King overseas surge helps Restaurant Brands beat earnings estimates

Restaurant Brands International delivered stronger-than-expected quarterly earnings and revenue as Burger King’s international business gained momentum and helped offset weaker performance in parts of its portfolio. The fast food group, which also owns Tim Hortons and Popeyes, reported solid global sales growth even as overall profit declined from a year earlier. International expansion, especially in

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Economy

S&P 500 and Dow Jones futures rise after strong jobs data, CPI in focus

US stock index futures moved modestly higher on Thursday after a stronger-than-expected labor market report eased fears of an economic slowdown, though investors grew more cautious about the outlook for Federal Reserve interest-rate cuts. Markets are now focused on upcoming inflation data and corporate earnings for further direction. The January jobs report showed payroll growth

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Economy

AppLovin stock crashed after earnings: buy the dip or sell the rip?

AppLovin stock price retreated by over 6% in the extended hours after the technology giant published its financial results and maintained a positive outlook despite the rising fears of AI disruption. APP dropped to $429 after ending the day at $455. AppLovin growth accelerated  AppLovin, a top software in the advertising industry, has come under

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Economy

VeChain (VET) price forecast as enterprise transactions surge

VeChain’s VET token rose on the day as buyers attempted to recover from recent lows, gaining about 9% over the past 24 hours alongside a 26% increase in trading volume. The token rebounded from levels near $0.007 and was trading above $0.008 at the time of writing. Data from CoinMarketCap showed that VET’s move reflected

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Economy

Cisco stock slides 7% as this factor overshadows earnings beat

Cisco stock (NASDAQ: CSCO) slumped over 7% in the pre-market trading on Thursday despite its latest quarter ticking all the right boxes on headline numbers. The networking giant posted double-digit revenue and profit growth, topping Wall Street forecasts, but a softer-than-hoped gross margin and only in-line guidance. The move underlined how sensitive investors have become

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Economy

Elon Musk pushes X into finance as X Money prepares for global launch

X is moving deeper into financial services as its long-awaited payments platform, X Money, enters internal testing and prepares for a wider rollout. The initiative marks a major step in Elon Musk’s effort to transform X from a social media network into a financial ecosystem. By combining messaging, payments, and asset management, the platform aims

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