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South Korea unveils $880bn chip and AI investment plan

South Korea has unveiled plans for at least $880bn (£666bn) of investments to build out the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years.

2 min read

South Korea unveils $1tn chip and AI investment plan

South Korea has unveiled plans for about $1tn (£760bn) of investments to build out the country's chip manufacturing and artificial intelligence (AI) capabilities in the coming years.

2 min read

BlackRock IBIT investors are now nursing a 40% loss

2024 was a massive turning point for crypto. After years of regulatory back and forth, a few of the biggest asset managers in the world were allowed to offer spot Bitcoin (BTC) exchange-traded funds (ETFs).

2 min read

Dollar falls for second straight day but poised for weekly gain

NEW YORK, June 26 (Reuters) - The dollar slipped for a second straight session on Friday as recent economic data and a drop in oil prices cooled expectations for Federal Reserve rate hikes, although the ‌yen remained in…

2 min read

Asia stock markets slide as tech shares slump

Asian stock markets fell sharply on Friday, led by a sell-off in technology firms as investors worried that recent jumps in share prices had gone too far.

2 min read

Asia stock markets slide as tech shares slump

Asian stock markets fell sharply on Friday, led by a sell-off in technology firms as investors worried that recent jumps in share prices had gone too far.

2 min read

Dollar Weakens on Strength in Stocks and Lower Bond Yields

The dollar index (DXY00) today is down by -0.19%. The dollar is under pressure as today's stock rally has reduced liquidity demand for the dollar. Also, benign inflation news today may keep the Fed from tightening monet…

5 min read

Bitwise 10 Crypto Index (BITW) Enters Oversold Territory

In the case of Bitwise 10 Crypto Index, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 44.6. A bullish investor could look at BITW's 29.4 reading as a sign that the recent hea…

1 min read

Firm data isn't hot enough for the US Dollar

The US Dollar Index (DXY) had every excuse to extend on Thursday and declined instead. A firm batch of US data crossed the wires, yet the Dollar eased off the top of its multi-month rally, slipping back toward 101.45 af…

5 min read

Fed’s Williams: “Imperative” to return inflation to 2% target

Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take …

2 min read