USD/CAD reverses its earlier losses on Tuesday as falling Oil prices weigh on the commodity-linked Canadian Dollar (CAD) following comments from US Treasury Secretary Scott Bessent on US-Iran talks.At the time of writing, the pair trades around 1.4068, marking a fresh weekly high.“We are in talks with the Iranians,” Bessent…
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Commerzbank’s Tatha Ghose notes Turkey’s July Consumer Price Index (CPI) slowdown to 31.7% year-on-year masks still-strong underlying price momentum, with smoothed headline and core inflation above 2% month-on-month. He highlights skepticism over Istanbul CPI revisions, continued reliance on FX conversion limits and support schemes, and concludes that July data and policy changes offer no clear relief for the Turkish Lira.High CPI and soft controls persist”Turkey’s latest CPI data showed headline inflation slowing to 31.7%y/y in…
K-pop’s biggest stars, from BTS to Seventeen, have danced routines that Youngjun Choi choreographed. Now,…
The AUD/JPY cross trades in positive territory near 110.70, snapping the six-day losing streak, during…
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Alex Karp’s crusade against frontier AI labs continues.During Palantir’s second-quarter earnings call on Monday, the CEO and cofounder reiterated his view that leading AI labs could absorb enterprises’ data, intellectual property, and expertise into their models and ultimately use that to compete with their customers.”They deserve to colonize your enterprise,”…
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Some older Ford cars and SUVs pose “unreasonable” safety risks, according to federal regulators, warning that the timing belt may fail, causing them to lose power or engines to seize. The National Highway Traffic Safety Administration announced on Monday that it has upgraded a defect investigation into 135,551 Ford vehicles…
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Elon Musk is reviving one of his famed hiring tactics as he recruits skilled trades workers for the AI data center buildout by his rocket company, SpaceX.Musk, in an X post last week, said SpaceX is hiring “exceptional engineering & skilled trades talent to build & operate the most powerful…
