Author: Daniel snow

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersChina is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters.The moves aim at challenging the greenback, experts said, even as the U.S. dollar remains by far the world’s predominant currency. The timing is favorable as the U.S. dollar index has tumbled more than 9% this year — while the offshore yuan has strengthened more than 2% against the dollar.In a sign of growing resolve…

Russian aggression and keeping Trump happy are the two themes of the gathering so far. Source link

CNBC’s Jim Cramer on Tuesday told investors the market no longer seems to be concerned about the potential for Chinese startup DeepSeek to outpace the tech titans currently leading in the artificial intelligence arena.”This data center renaissance, so shocking to the people who abandoned these stocks — the Nvidias, the AMDs, the Vertivs, the Microns, the Marvell Technologies — are all back or nearly back,” he said. “And the story…that Nvidia CEO Jensen Huang calls the new industrial revolution, is once again front and center. It’s like DeepSeek never happened. The AI stocks, they’re all breaking out.”The indexes climbed on…

AeroVironment CEO Wahid Nawabi told CNBC’s Jim Cramer that the defense contractor has capabilities that could help create a “Golden Dome” missile defense system.”We have many, many pieces of the puzzle for [an] effective and successful adoption and implementation of the Golden Dome,” Nawabi said.President Donald Trump rolled out plans for the costly Golden Dome project late last month. He said he expects it to be operational in about three years and that it would cost roughly $175 billion. According to Trump, the system “will be capable of intercepting missiles even if they are launched from other sides of the…

OpenAI Co-Founder and CEO Sam Altman speaks at Snowflake Summit in San Francisco on June 2, 2025.Justin Sullivan | Getty Images News | Getty ImagesOpenAI CEO Sam Altman on Tuesday criticized a lawsuit filed by hardware startup Iyo, which accused his company of trademark infringement.Altman said, in response to the suit, that Iyo CEO Jason Rugolo had been “quite persistent in his efforts” to get OpenAI to buy or invest in his company. In a post on X, Altman wrote that Rugolo is now suing OpenAI over the name in a case he described as “silly, disappointing and wrong.”The suit,…

A bullish “golden cross” appeared in Coinbase’s stock chart, but investors shouldn’t necessarily take that as a buy signal. Source link

Crypto prices, including bitcoin, rose on Tuesday after President Trump announced a ceasefire between Iran and Israel.By midday Tuesday, bitcoin had passed the $105,000 level, ether jumped back above the $2,400 mark, and XRP climbed to $219. The risk-on action in the markets, which also saw stocks rally on the Mideast de-escalation, wasn’t the only source of momentum, as Republican senators unveiled a major bill to set the rules of the road for crypto. Specifically, the legislation would define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission, and reduce the…

Investors naturally fear too much of a good thing, but animal spirits were on full display Tuesday across markets. Source link

Forget the Mar-a-Lago Accord, the buzzy proposal for how the U.S. might be able to tame its increasingly unwieldy debt while boosting domestic manufacturing in the process. Source link

Investors face risks from a possible Federal Reserve interest-rate hike, as well as sharp cuts, in the months ahead, says Columbia Threadneedle analyst. Source link