DBS Group Research’s Philip Wee argues that the USD Index (DXY) is at an inflection point, consolidating in a 98–99 range after retracing its post-Operation Epic Fury rally. He links DXY resilience to elevated Brent prices near USD 110 and unresolved Iran tensions, while Fed leadership changes and prospective European…
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China’s Services Purchasing Managers’ Index (PMI) rose to 52.6 in April from 52.1 in March, the latest data published by RatingDog showed on Wednesday. AUD/USD reaction to China’s Services PMIThe Chinese proxy, the Australian Dollar (AUD), edges slightly higher following the Chinese data, with AUD/USD gaining 0.66% on the day to 0.7230, as of writing. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by…
If GameStop CEO’s awkward CNBC interview was an away game, his Fox Business appearance the…
Anthropic is rolling out AI agents for finance that promise to do the grunt work…
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A little over a year ago, the Elon Musk-guided Department of Government Efficiency asked federal workers to explain their jobs. A new document dump offers a peek into their answers. Loading audio narration… Back in February 2025, DOGE asked federal workers to send five bullet points answering one simple question:…
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An investment banker is offering up about $8 million in Bay Area real estate, including a nearly $5 million house, in exchange for stock options for AI giant Anthropic ahead of the company’s potential initial public offering (IPO). Storm Duncan, the founder of tech investment bank Ignatious, is proposing a…
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More and more companies are reducing their staff and leaning into AI. Coinbase CEO Brian Armstrong is the latest tech exec to head in that direction. Loading audio narration… Armstrong said the fintech company plans to lay off around 14% of its workforce. He shared his message publicly on X…
