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Ruble Declines Against The Dollar As Depository Receipts Conversion Starts

On Monday, the Russian ruble recorded declines against the US dollar and slid past 61. This was after Russian companies began converting depository receipts to local shares. It was also because foreign investors from countries that have been designated as ‘friendly’ were able to make a return to the bond markets. Decline in ruble There … Read more

Dollar Rises As Fed Officials Say More Rate Hikes Required

On Thursday, the US dollar index climbed to a high of one month, as officials of the Federal Reserve talked about the need for more interest rate hikes. Meanwhile, investors were also reevaluating the minutes of the July meeting of the US central bank released on Wednesday as being more hawkish than assumed previously. Borrowing … Read more

Home Depot Shares Jump as Home-Improvement Retailer Posts Strong Earnings

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Home Depot has just shared Q2 2022 earnings that were stronger than the expectations of the analysts. After sharing the earnings results, the share prices for the home-improvement retailer have experienced a significant push.  Home Depot Shares Jumped 5.36%  In the recent stock market trading session, share prices for Home Depot have jumped 5.36%. The … Read more

Share Prices For Marqeta Dipped As Jason Gardner Stepped Down As Company’s CEO

The share prices for Marqeta have moved downwards after an announcement about the CEO of the company. The officials at Marqeta have confirmed that Jason Gardner will no longer be the chief executive officer at the payment processing company. Marqeta Shares Dipped 24% It was recently announced that Jason Gardner, the co-founder of Marqeta who … Read more

Robinhood Announces It Will Lay Off 23% Of Its Workforce

Vlad Tenev, the CEO at Robinhood has made an announcement in regards to laying off its employees. Robinhood to Lay Off 23% of its Workforce It seems that while the cryptocurrency industry has experienced a slight uptrend, Robinhood still finding it difficult to make it over the hot waters. The company has been trying to … Read more

Mixed Asia Markets Lead Nikkei Index To Suffer Losses

The Tuesday trading session has reportedly brought in mixed results from the Asian-Pacific market. It is the latest jobs data shared by the United States that has led the non-US markets to suffer from dips. The markets are still trying to digest the employment data that came out on Thursday. Although the US markets have … Read more

Elon Musk Drops Bad News For Cybertruck Enthusiasts And Investors May Not Like It

It has been a long time since Tesla fans have been faced with a test of their loyalty, and it is because of the ‘Cybertruck’. The long-awaited Cybertruck is still on the minds of many EV enthusiasts, as they have been wanting to get their hands on it. Unfortunately, Elon Musk keeps dropping one bad … Read more

Yen Set For Biggest Gains In 2 Years Ahead Of Pelosi’s Visit

The Japanese yen was on course for its biggest series of gains since March 2020 when the coronavirus pandemic had hit its peak. This was due to a boost in the appeal of safe-haven assets, as worries about a global economic slowdown intensified and China-US tensions surged over Taiwan. Dollar and yen There was a … Read more

Dollar Declines Against Yen As Recession Bets Rise

On Monday, the US dollar declined against the Japanese yen to its lowest level seen in almost six weeks, as investors raised bets that the US economy would slide into a recession with the aggressive interest rate hikes of the Federal Reserve. Interest rates to peak The traditional measures of recession like the yield curve … Read more