The appeal of arbitrage trading is reviving among investors such as DoubleLine Capital and VanEck Associates. The stabilization of the market after the ceasefire in the Middle East has strengthened investors’ risk appetite. Arbitrage trading refers to a trading strategy where funds are borrowed in a currency with a low interest rate and then invested […]
Tesla is expected to spend billions of dollars more this year to support Elon Musk’s ambition to transform the electric vehicle pioneer into an artificial intelligence and robotics company. The company disclosed on Wednesday that its capital expenditure this year will exceed $25 billion, approximately three times that of last year. This investment plan is […]
Cryptocurrency billionaire Justin Sun and his company have sued World Liberty Financial, a cryptocurrency project co-founded by US President Donald Trump, accusing the company of extortion and carrying out an “illegal scheme” to seize his tokens. In the lawsuit filed by Sun Yuchen in the federal court of San Francisco on Tuesday, he also claimed […]
In just a few months, Google’s artificial intelligence chips have become one of the hottest products in the tech industry. Leading AI developers, including some of Google’s biggest rivals, are snapping up these chips in large quantities. Now, Google, a subsidiary of Alphabet Inc., plans to take advantage of the momentum and launch a new […]
A few weeks ago, analysts at UBS Group painted the worst-case scenario for defaults in the private credit space. Now, their outlook is even more pessimistic. Strategists including Matthew Mish now say that the default rate on private credit could soar to 15%, two percentage points higher than the forecast the firm issued less than […]
Banks such as Deutsche Bank and Wells Fargo have announced that the war-driven safe-haven rally of the US dollar may have come to an end as the fragile ceasefire agreement between the United States and Iran has prompted investors to seek riskier assets. Banks believe it is time to short the US dollar, and global […]
The dominance of the US dollar has long been a subject of concern, but Franklin Templeton believes that the dollar will remain the preferred currency. Sonal Desai, the chief investment officer of the fixed income department of the company, wrote in a report that the status of the US dollar is supported by three pillars: […]
RBA Deputy Governor Andrew Huszar said that the central bank needs to set interest rates within a range that can bring the inflation rate back to the 2-3% target level, and added that the board currently does not have “full confidence” that the inflation rate has reached the target. The Reserve Bank of Australia’s deputy […]
As the conflict in the Middle East intensifies, the United Nations has urged countries not to restrict the transportation of energy and fertilizers, warning that such restrictions in the past have exacerbated the global surge in food prices. The Food and Agriculture Organization of the United Nations said that agricultural inputs must resume flowing through […]
The year-long rally of the Australian dollar against the New Zealand dollar may have peaked, strategists say, as hawkish remarks from the Reserve Bank of New Zealand are boosting the appeal of the kiwi. The New Zealand dollar retreated from a 13-year high on Wednesday after the Reserve Bank of New Zealand revealed that policymakers […]