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DAX index is rising; here are the key catalysts to watch

European stocks have wavered in the past few days as investors watch the next actions by the Federal Reserve and the European Central Bank (ECB). In Germany, the DAX index was trading at €18,535, a few points below the all-time high of €18,880. Rate cut cycle  Global stocks have done modestly well this year, helped… Continue reading DAX index is rising; here are the key catalysts to watch

USD/RUB forecast: The case for a stronger Russian ruble

The Russian ruble could benefit from several important macro events. The USD/RUB exchange rate has already dropped by over 14.75% from its highest point in 2023, making the Russian currency one of the best performers in the emerging market. US inflation and the Federal Reserve One potential catalyst for the Russian ruble is the relatively… Continue reading USD/RUB forecast: The case for a stronger Russian ruble

Should Congressman McCaul be questioned for selling Microsoft before investigation call?

Representatives from the Republican Party are calling for an intelligence briefing from the government on the Microsoft and G42 AI deal. They fear G42’s ties to China cause a security concern. The concerns were raised by Republican lawmakers Michael McCaul and John Moolenaar. The letter sent to the National Security Advisor stated: We remain deeply… Continue reading Should Congressman McCaul be questioned for selling Microsoft before investigation call?

BNB Chain faces $1.64 billion in losses from hacks and rug pulls, report reveals

A recent report by Immunefi, a leading bug bounty platform, reveals significant financial losses on the BNB Chain due to hacks and rug pulls. Since its launch seven years ago, the blockchain has lost approximately $1.64 billion to these fraudulent activities. Breakdown of financial losses Out of the total losses, $1.27 billion resulted from hacks,… Continue reading BNB Chain faces $1.64 billion in losses from hacks and rug pulls, report reveals

India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion

India’s largest IT services firm, Tata Consultancy Services (TCS), announced a significant drop in its deal wins for the first quarter of FY25, with the total contract value (TCV) falling to $8.3 billion (£6.32 billion).  This represents an 18.6% decrease from the $10.2 billion (£7.76 billion) in the same period last year and a 37%… Continue reading India’s TCS reports sharp decline in Q1 deal wins, order book at $8.3 billion

Synapse mess: Banks advance in unlocking $96 million for 100,000 fintech users

Efforts are underway to bring relief to over 100,000 Americans whose savings have been frozen in fintech accounts following the collapse of fintech intermediary Synapse.  Banks are making significant progress in resolving this financial turmoil, potentially leading to the release of funds within weeks. Synapse collapse affects over 100,000 customers Since May, more than 100,000… Continue reading Synapse mess: Banks advance in unlocking $96 million for 100,000 fintech users

Lucid Group stock analysis: how high can LCID reach?

Lucid Group (LCID) stock price continued rising on Thursday as demand for electric vehicle companies rose. It jumped to a high of $3.37, its highest point since February this year. It has soared by over 45% from its lowest point this year. Lucid’s turnaround is continuing There are increasing signs that Lucid Group’s turnaround is… Continue reading Lucid Group stock analysis: how high can LCID reach?

Morgan Stanley cuts ON Semiconductor to Underweight: Should you sell?

ON Semiconductor Corp (NASDAQ: ON) finds itself in the spotlight today after Morgan Stanley downgraded its rating to Underweight from Equal-Weight and reduced the price target from $70 to $65. This move by Morgan Stanley primarily stems from concerns regarding the company’s exposure to the automotive industry, particularly in areas like silicon carbide and image… Continue reading Morgan Stanley cuts ON Semiconductor to Underweight: Should you sell?