Meta’s stock gains momentum as wall street analysts expect AI-driven earnings boost
Wall Street analysts are optimistic about Meta’s upcoming earnings, anticipating strong financial performance due to the company’s strategic investments in artificial intelligence (AI). Meta, which owns Facebook, Instagram, and WhatsApp, has been channeling resources into AI to enhance user engagement and maximize advertising efficiency—efforts that analysts believe could deliver significant gains in this earnings season. […]
Australia’s CPI inflation declines to 0.2% QoQ in Q3 vs. 0.3% expected
Australia’s Consumer Price Index (CPI) inflation dropped to a mere 0.2% quarter-on-quarter in Q3, falling short of market expectations at 0.3% and reflecting the country’s ongoing battle with slowing economic growth. This modest increase, down from a previous quarter’s 0.8%, represents one of the slowest inflationary gains this year, pointing to subdued price pressures and […]
Visa and Coinbase enable instant crypto purchases using debit cards
Visa and Coinbase have announced a new collaboration allowing instant cryptocurrency purchases via debit cards, aiming to streamline crypto accessibility and provide users with immediate access to digital assets. Traditionally, crypto purchases can involve waiting periods for funds to transfer to exchanges, but this new system connects directly to users’ bank accounts for seamless transactions. […]
GBP/USD softens to near 1.3000 ahead of UK Autumn Budget
The British Pound weakened against the US Dollar on Tuesday, slipping toward the 1.3000 mark as investors eyed the upcoming UK Autumn Budget, due to be announced by Chancellor Jeremy Hunt. The budget is expected to outline the government’s fiscal strategies aimed at addressing the nation’s slowing economy amid a challenging global backdrop. The GBP/USD […]
Yen and Australian dollar hold steady as markets gauge consumer confidence, inflation data
The Japanese Yen and Australian Dollar held relatively stable on Tuesday, as markets evaluated Japan’s latest consumer confidence data and awaited Australia’s upcoming inflation report. Both currencies have faced recent pressures, with the Yen impacted by Japan’s economic hurdles, while the Australian Dollar grapples with inflation expectations. In Japan, consumer confidence showed a slight improvement, […]
Gold climbs to record highs on Mid East geopolitical concerns, US election nerves
Gold prices soared to record levels as escalating geopolitical concerns in the Middle East and uncertainty surrounding the upcoming U.S. elections drive investors toward safe-haven assets. The precious metal has gained significant traction as a preferred investment, reflecting deepening caution in the financial markets as these global risks intensify. The ongoing instability in the Middle […]