Economy

Economy
Economy

Dollar holds steady as markets await Warsh’s first Fed verdict

The US dollar edged lower on Wednesday as investors awaited the Federal Reserve’s first policy decision under Chair Kevin Warsh, while optimism surrounding an interim peace agreement between the United States and Iran helped improve market sentiment. Currency markets remained largely subdued during the Asian trading session, with traders reluctant to take significant positions ahead

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Economy

Exxon Mobil to supply LNG to South Africa as it cuts coal reliance

Exxon Mobil Corp. has struck a preliminary deal to supply liquefied natural gas (LNG) to South Africa, helping the country diversify its heavily coal-dependent power grid, according to Bloomberg. The agreement will allow state utility Eskom Holdings SOC Ltd. to import LNG at the proposed Zululand LNG terminal in Richards Bay on South Africa’s east

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Economy

LAB token jumps 57% in a week as whales pile into long positions

LAB has extended its rally to a sixth consecutive day, climbing about 57% over the past week as whale buying, technical momentum, and renewed interest in the project’s ecosystem pushed the token back toward the $14 level. Data from CoinGecko showed LAB trading near $13.91 on June 17, up nearly 40% over the past 24

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Economy

British consumer inflation remains steady at 2.8% in May

British inflation remained unchanged in May, according to official data released on Wednesday, providing a closely watched update for policymakers and investors ahead of the Bank of England’s latest interest rate decision. The Consumer Prices Index rose by 2.8% in the 12 months to May 2026, matching the annual rate recorded in April. Every month,

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Economy

Market sentiment remains cautious as Fed meeting takes centre stage

Markets adopted a cautious stance during the European morning session on Wednesday as investors prepared for the Federal Reserve’s monetary policy announcement and assessed a series of geopolitical and economic developments. Investors are also awaiting revisions to May Harmonized Index of Consumer Prices inflation data from Eurostat, while the United States economic calendar is scheduled

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Economy

Top crypto price predictions: Venice Token, Worldcoin, XLM

The crypto market is doing relatively well this week, helped by the risk-on sentiment following the US-Iran Memorandum of Understanding (MoU) to reopen the Strait of Hormuz. This article provides a forecast for top altcoins like Venice Token (VVV), Worldcoin (WLD), and Stellar (XLM). Venice Token price prediction Venice Token has been one of the

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Economy

SpaceX stock options explode as Wall Street prices in wild 50% move

SpaceX’s new options market exploded on Tuesday, giving traders a fresh and far riskier way to bet on the rocket company’s post-IPO surge. The contracts began trading only days after SpaceX’s blockbuster Nasdaq debut, and demand was immediate. Call options, which profit when a stock rises, dominated early activity. But the pricing also showed something

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Economy

Gold price forecast: can bullion hit $4,500 as Citi turns more bullish?

Gold steadied near a more than one-week high on Tuesday as investors waited for details of the preliminary US-Iran agreement that has cooled oil prices and revived hopes that inflation pressure may ease. Spot gold was little changed around $4,315 an ounce after Monday’s sharp rally, while August futures slipped. The metal remains supported by

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Economy

US dollar near 10-day low as BOJ rate hike and Fed test FX markets

The US dollar held near 10-day lows on Tuesday as traders weighed the relief from a preliminary US-Iran peace agreement against a heavy week of central-bank decisions. The deal has helped calm oil markets and improve risk appetite, but currency moves have been more measured than the rally in stocks and bonds. Investors are still

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Economy

Ethereum clears key breakout level as RSI rebounds from oversold territory

Ethereum has climbed more than 4% over the past week, recovering from a recent slide as corporate treasury buying, whale accumulation, and improving geopolitical sentiment have combined to lift demand for the second-largest cryptocurrency. According to Bitmine Immersion Technologies, the company recently completed a $273.8 million preferred equity raise and used $136 million of the

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