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USD/CHF holds losses near 0.7900 amid dovish tone surrounding Fed outlook

USD/CHF loses ground as the US Dollar (USD) weakens over expectations of two more Federal Reserve rate cuts in 2026. The pair is trading around 0.7920 during the Asian hours on Friday. The Fed delivered a 25-basis-point (bps) interest rate cut at the December 2025 meeting, bringing the target range to 3.50%–3.75%. The US central bank reduced a cumulative 75 bps of rate cuts in 2025 amid a cooling labor market and still-elevated inflation.Markets are…

Finance news

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BYD Has Taken Tesla’s Crown to Become World’s Top EV Seller

Elon Musk once laughed at the prospect of Chinese EV maker BYD becoming a serious rival to Tesla. He’s not laughing anymore.The Shenzhen-based automaker has surpassed Tesla to become the world’s largest seller of battery electric vehicles, capping a meteoric rise that has left Musk’s company fighting to preserve its…

Business

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Trump advisor David Sacks says Miami will dethrone NYC as financial capital

Trump’s Crypto Czar David Sacks is predicting that Miami will dethrone New York City as the nation’s financial capital following the swearing-in of socialist Zohran Mamdani as the city’s 111th mayor. Sacks, a venture capitalist that was appointed as Trump’s influential advisor on artificial intelligence and cryptocurrency, said in a…

Markets

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David Sacks Predicts Miami and Austin Will ‘Replace’ NYC and SF

Is Miami destined to be the new Wall Street, and Austin the next Silicon Valley? “All-in” podcaster and White House AI czar David Sacks thinks so.Sacks kicked off a New Year’s social media debate by declaring that Miami will overtake New York as the nation’s financial capital — and that…

Investing

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