Advertisement
U.S. markets open in 7 hours 3 minutes

Latest Financial and Business News

  • Business
    Reuters

    Cryptoverse: AI tokens outpace record-breaking bitcoin

    Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning. The rise of many AI crypto tokens has outpaced even that of bitcoin over the past year as the world's biggest cryptocurrency has surged to record levels. Tokens linked to these projects are up between 145% and 297% in the past 30 days.

  • Business
    Reuters

    Yen down with JGB yields, stocks rally after landmark BOJ stimulus exit

    The yen weakened and Japanese government bond yields fell after the Bank of Japan on Tuesday announced an exit from years of ultra-easy monetary policies, marking an historic shift from a decades-long fight against deflation. The Nikkei share average rose, reversing morning losses, following volatile trading immediately after the central bank said it was ending its negative interest rates policy and yield curve control (YCC), as well as dropping purchases of risky assets, including exchange-traded funds (ETFs). The decision was widely expected after local and international media, including Reuters, had reported over the past week of a likely end to most or all of the BOJ's stimulus programmes at this policy meeting.

  • Business
    Bloomberg

    BOJ Ends Era of Negative Rates With Few Clues on Further Hikes

    (Bloomberg) -- The Bank of Japan ended the most aggressive monetary stimulus program in modern history, scrapping the world’s last negative interest rate and a raft of unconventional tools, while leaving the course of additional hikes unclear.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-