Jimmy Donaldson, better known as MrBeast, has expanded his fast-growing business empire into financial services with the acquisition of Step, a Gen Z-focused banking and financial education platform. The deal was announced by Donaldson on social media, positioning the world’s most-followed YouTuber as a new entrant into youth finance. Step offers debit and credit cards,
Amazon (AMZN) shares have come under significant pressure following the company’s weak earnings report on 5 February, as shown by the chart: → Revenue: $213.4 bn (expected: $211.4 bn) → EPS: $1.95 (expected: $1.97) The report was weighed down by Amazon’s announcement that it plans to spend $200 bn on capital projects in 2026, largely targeting AI, data
Given the strength of the resistance level 9.080, strong daily downtrend and the predominantly bearish sentiment that can be seen across the cryptocurrency markets today, Chainlink cryptocurrency can be expected to fall to the next support level 7.375 (which stopped the previous impulse wave v at the start of February). Chainlink reversed from resistance level
Markets await NFP; cooling jobs may trigger Fed rate cuts, weaken dollar, boost metals, amid global currency volatility and equities. The NFP Fever and the Federal Reserve Pivot The global financial landscape is currently held in suspense by the “NFP fever,” as the delayed US Nonfarm Payrolls report becomes the ultimate arbiter of market direction.
The South African rand continued its uptrend against the United States this year. The USD/ZAR exchange rate was trading at 16.45 on Monday, down by 17.50% from its highest point in 2025. So, will the rand rally continue as a fresh risk emerges? South Africa could attract more Trump ire The ongoing South African rand
The Nikkei 225 Index continued its strong rally this week, reaching its highest level on record as the “Takaichi trade” accelerated. Its surge coincided with the ongoing Japanese yen crash. It jumped to a record high of ¥54,435, up by 76% from its lowest point in April last year. Japan stocks jump as the “Takaichi
The USD/CAD exchange rate has bounced back in the past few weeks, moving from a low of 1.3640 to the current 1.3915, it highest level since December 5. This article explores what is moving the pair this week and what to expect this week. Canada to publish inflation report The USD/CAD exchange rate will be
The Indian rupee continued its strong slump against the US dollar this week, reaching a fresh all-time low. The USD/INR exchange rate rose for five consecutive days, reaching a high of 91.30. It has jumped by 9% from its lowest level in April last year and 26% from its lowest point in 2022. Indian rupee
Asian financial markets remained under pressure on Wednesday as geopolitical tensions linked to US President Donald Trump’s comments on Greenland unsettled investors, while volatility in global bond markets and currencies added to risk aversion. Safe-haven assets surged, regional equities fell, and emerging-market currencies weakened as markets digested a confluence of political and macroeconomic shocks. Asian
The Reserve Bank of India (RBI) has conducted more than $2 billion in dollar/rupee FX swaps over the last two days to offset the liquidity drain caused by spot dollar sales, according to a Reuters report. The transactions suggest the central bank is aiming to contain currency pressures while avoiding a sharper squeeze in banking