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2024-11-22 | Current Affairs

Gold Rallies, Euro Plummets Amid Rising Global War Tensions

Gold is on track for its biggest weekly gain in nearly eight months, driven by escalating global tensions after Russia lowered its threshold for nuclear weapon usage and launched a hypersonic missile at Ukraine

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2024-11-21 | Current Affairs

Nvidia’s AI Demand Strong, Sales Growth Slows

Nvidia (NVDA.O) reported its slowest revenue growth forecast in seven quarters on Wednesday, falling short of sky-high investor expectations for the AI chipmaker, which has become the world’s most valuable semiconductor firm. 

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2024-11-20 | Current Affairs

Bitcoin Hits USD 94,000 as Trump Deal Sparks Crypto Optimism

Bitcoin surged to a new all-time high, crossing USD 94,000, fueled by reports of a potential acquisition by Donald Trump’s social media company. The rally reinforced hopes for a cryptocurrency-friendly environment under the incoming Trump administration. 

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2024-11-19 | Current Affairs

Yen Stabilizes as Dollar Retreats from One-Year High

The Japanese yen found some relief on Tuesday, strengthening to 154.40 per dollar after a recent slide, as the U.S. dollar pulled back from its one-year high amid profit-taking. The yen rose 0.2% in early trading, recovering from losses following Bank of Japan (BOJ) Governor Kazuo Ueda’s speech, which offered no new insights on a potential rate hike in December. 

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2024-11-18 | Current Affairs

Alibaba Plans USD 5 Billion Dual Currency Bond Offering

Alibaba Group (9988.HK), the Chinese e-commerce giant, is planning to raise USD 5 billion through a multi-tranche bond deal in U.S. dollars and offshore Chinese yuan, according to two individuals familiar with the matter. 

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2024-11-15 | Current Affairs

Oil Prices Edge Lower Amid Oversupply Worries and Stronger Dollar

Oil prices dipped slightly on Friday as oversupply concerns and demand uncertainties—driven in part by a strengthening dollar—outweighed a sharp drop in U.S. fuel stockpiles.

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2024-11-14 | Current Affairs

Sticky Inflation in Focus Ahead of Powell’s Key Speech

U.S. consumer price inflation rose in October, meeting forecasts and lifting Wall Street indexes on Wednesday, while boosting the dollar close to levels against the yen that have raised concerns at the Bank of Japan.  

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2024-11-13 | Current Affairs

Nvidia and SoftBank Launch World’s First AI-5G Network

Nvidia and SoftBank Corp, the telecommunications arm of Japan’s SoftBank Group, announced on Wednesday that they have piloted the world’s first telecom network capable of running both AI and 5G workloads simultaneously.  

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2024-11-12 | Current Affairs

Tesla Options Surge Amid ‘Euphoric’ Trading and Trump Ties

Investors are showing strong enthusiasm for Tesla options, propelling the stock to its highest point since April 2022 as bets mount on potential benefits from CEO Elon Musk’s close ties to newly elected President Donald Trump.  

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2024-11-11 | Current Affairs

Bitcoin Records High Amid Trump Win, Pro-Crypto Congress Bets

Bitcoin surged to an all-time high of over USD 81,000 on Monday, fueled by Donald Trump’s victory in the U.S. presidential election and the election of pro-crypto candidates to Congress, raising hopes for a more lenient regulatory approach toward digital assets.