News Powered By AI
News Powered By AI
China’s foreign exchange regulator has instructed banks to encourage corporate clients to hedge currency risks as the yuan appreciates, protecting exporters from foreign exchange losses.
Markets price in 85-90% odds of a Federal Reserve rate hike, but several Fed officials suggest holding steady is possible, with the decision likely closer than traders expect.
Bitcoin rebounded past $70,000 in late August after months near $60,000 lows, with traders betting on further gains despite upcoming Federal Reserve decisions and uncertain cryptocurrency legislation.
Canada’s banking regulator clarified that tokenized deposits remain traditional bank deposits under existing legal frameworks, allowing banks to explore blockchain-based products without new crypto rules.
The Breakwave Dry Bulk Shipping ETF surged 1,168% since late February as Iran conflict disrupted shipping routes, while gold fell 17% following the initial strikes.
CrowdStrike and Okta shares surged on Thursday following earnings that beat estimates and raised forecasts, citing rising AI-driven cybersecurity threats pushing customer spending higher.
