The U.S. dollar declined on Monday, although it stayed near a three-week high ahead of the Federal Reserve’s final policy meeting of the year. Meanwhile, the euro lost ground following data showing mixed regional economic activity. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, traded 0.1% lower at […]
Microsoft Rejects Bitcoin: Shareholders Decline Proposal to Allocate Cryptocurrency to Treasury
Microsoft is not ready to incorporate Bitcoin into its corporate treasury, as shareholders voted against a proposal influenced by Michael Saylor’s recommendations and the success of his company, MicroStrategy. The tech giant, best known for its Windows operating system, has opted not to invest in Bitcoin. During a shareholder meeting on Tuesday, Microsoft’s partners voted […]
Dollar Rises in View of CPI, Euro and Yuan Depreciate
The U.S. dollar strengthened on Wednesday, driven by anticipation of the November consumer inflation report. This pressure weighed on the euro and British pound, while the Chinese yuan retreated following reports that Beijing is considering measures to weaken its currency. The dollar index, which measures the greenback against a basket of six other major currencies, […]
Dollar Rises on CPI Expectations, Euro Awaits ECB Meeting
he U.S. dollar edged higher on Tuesday, trading within tight ranges ahead of the highly anticipated November consumer inflation report, while the euro weakened slightly in anticipation of the European Central Bank’s upcoming meeting. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.2%, trading at 105.995. CPI […]
Amazon Shareholders Urge Company to Invest 5% in Bitcoin
Amazon shareholders are urging the company to consider investing 5% of its treasury assets into Bitcoin, mirroring the approach adopted by MicroStrategy to hedge against fiat inflation and enhance shareholder value. The proposal was submitted by the National Center for Public Policy Research (NCPPR), a think tank that promotes free-market principles, and has been widely […]
U.S. Stock Markets Down, Watch Out for Inflation
U.S. stock index futures were slightly lower on Monday as investors consolidated recent gains ahead of the release of key inflation data this week, seeking more clarity on interest rates. Futures dipped after Wall Street indexes hit record highs on Friday, driven by a tech stock rally, while better-than-expected nonfarm payrolls data did little to […]
Dollar Dips Before CPI, Euro Pending ECB Meeting
The U.S. dollar eased slightly on Monday following last week’s jobs report, which signaled another Federal Reserve rate cut at the end of this month. However, losses were minimal amid renewed uncertainty in the Middle East. In early trade, the dollar index, which tracks the greenback against a basket of six other currencies, was trading […]
Dollar Rallies, Euro Falls Ahead of France’s No-Confidence Vote
The U.S. dollar rose on Wednesday, while the euro retreated ahead of a no-confidence vote in France later in the day, which could topple the fragile coalition government. The Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 106.465. Dollar Continues to Attract Attention The dollar remained […]
Euro Normalizes Amid French Instability Concerns
The euro rose on Tuesday, recovering some ground after political turmoil in France prompted traders to hedge against further price volatility. Meanwhile, the Chinese yuan dropped to a 13-month low due to tariff risks and economic weakness in China. The yen, which gained approximately 4.5% over the past two weeks, retreated slightly against the dollar […]
XRP Overtakes USDT, Becomes the 3rd Largest Cryptocurrency
XRP, the cryptocurrency closely associated with Ripple, has surged in market capitalization, achieving a meteoric rise to multi-year highs in its price. XRP has climbed to become the world’s third-largest cryptocurrency, surpassing Tether (USDT). This comes on the back of a more than 20% increase in the past 24 hours, pushing its market capitalization to […]