Brazilian aircraft manufacturer Embraer reported a stellar second quarter, delivering 47 aircraft, an 88% increase from the previous year. This surge was driven by strong demand for its next-generation E2 jets, fueled by a shortage …
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Trump Could Make Bitcoin a US Strategic Reserve Asset: What It Means for Crypto
Former US President Donald Trump may announce Bitcoin as a “strategic reserve asset” at a crypto conference in Nashville later this month. This would mark a significant shift in US financial policy and potentially a …
Continue readingEuro Slides as ECB Keeps Rates Steady, Dollar Gains on Strong US Data
The euro weakened against the dollar on Thursday after the European Central Bank (ECB) held interest rates steady, as widely expected. The ECB provided no clear guidance on future rate changes, leaving the market to …
Continue readingGold Prices Surge Towards Record Highs on Fed Rate Cut Hopes
Gold prices climbed higher on Thursday, buoyed by expectations of a September interest rate cut from the US Federal Reserve. Spot gold gained 0.3% to $2,466.33 per ounce, edging closer to its all-time high of …
Continue readingOil Prices Stabilize Amid Economic Uncertainty
Oil prices held steady on Thursday, as investors grappled with mixed signals about crude demand. A tug-of-war between optimism about a potential Federal Reserve interest rate cut and concerns about an economic slowdown kept prices …
Continue readingYen Surges on Intervention Suspicions, Sterling Hits One-Year High Against Dollar
The Japanese yen surged against the US dollar on Wednesday, sparking speculation that Japanese officials intervened to support the currency. The yen has seen several sharp rallies in recent days, recovering from a 38-year low …
Continue readingSanofi Invests $437 Million in India, Doubling Workforce in Hyderabad
French pharmaceutical giant Sanofi is making a significant investment in India, with plans to invest €400 million ($437 million) in its global capacity center (GCC) in Hyderabad by 2030. The company’s commitment to India extends …
Continue readingBitcoin ETFs Surge Past $16 Billion, Ethereum ETFs on the Horizon
Bitcoin ETFs are experiencing a record-breaking year, attracting over $16 billion in investments, far exceeding initial projections. Daily investments have surged to $300 million, pushing the weekly total to a staggering $1 billion. This surge …
Continue readingSymphonyAI Targets IPO in Second Half of 2025 with $500 Million Revenue Run Rate
SymphonyAI, a US-based artificial intelligence (AI) company, has announced plans to go public in the second half of 2025. The company’s decision comes after achieving significant milestones, including a $500 million revenue run rate and …
Continue readingBerkshire Hathaway Shares Hit Record High, Reflecting Investor Confidence
Berkshire Hathaway’s share price surged to a record high on Monday, driven by investor confidence in Warren Buffett’s company. The price of Berkshire’s Class A shares climbed 1.5% to $649,000, surpassing the previous record of …
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