Dollar Sees Biggest Weekly Drop in a Year as Trump Trade Stalls

Yen was leading gains among peers as bets on BOJ hike rise Dollar rally due to pause after election euphoria: Jefferies The US dollar is heading for the biggest weekly loss in a year, pulling back from the sharp run up fueled by speculation that Donald Trump’s...

Brazil’s Real Hits All-Time Low as Spending Cuts Disappoint

Plan to cut government spending falls flat with investors Currency is down 19% this year, the worst among majors The Brazilian real dropped to a record low and stocks slumped the most since early 2023 as a proposal to cut some $12 billion in public spending...

French 10-Year Borrowing Costs Match Greece’s for First Time

France’s bonds have been underperforming peers on budget risks Investors await S&P credit rating update due on Friday France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the...

Microsoft faces wide-ranging US antitrust probe

Competitors complain Microsoft locks customers into its cloud service FTC earlier set the stage for probe into Microsoft's role in AI market Investigation's future uncertain under Trump administration The U.S. Federal Trade Commission has opened a broad antitrust...

Boom in Unlisted Share Trading Creates Riches and Risks in India

Trading volume has risen multifold over the past year Concerns are growing about scams targeting retail investors As India’s stock exchanges expand, minting dozens of billionaires over the past few years, a sprawling and largely unregulated gray market for unlisted...

Social Commerce 2024: Definition, Key Trends, and Statistics

Social commerce – the use of social media for shopping – has revolutionized how consumers discover and buy products online. As this trend continues to grow, businesses must adapt to stay competitive. In this article, we will explain what social commerce is, its key...

China’s Industrial Profits Extend Fall on Deflation Woes

Drop in October comes even after recent stimulus measures Profits are on track for a third consecutive annual decline China’s industrial firms saw profits decline for the third straight month, as worsening producer price deflation and sluggish factory output...

Dell, HP Inc. Report Disappointing Sales on Slower PC Market

Quarterly PC shipments declined after earlier bump up in 2024 Computer purchases are getting pushed into 2025, Dell CFO says Dell Technologies Inc. and HP Inc. reported quarterly financial results that suggest a long-awaited recovery of the personal computer market is...

HP Gives Lackluster Profit Outlook on Slow PC Market Recovery

HP Inc. gave an outlook for profit in the current quarter that fell short of estimates, suggesting a setback in the personal computer market’s recovery from a yearslong slump. Earnings, excluding some items, will be 70 cents to 76 cents a share in the fiscal first...