Today’s exchange rate between the Naira and the US dollar closed at N416 per dollar. This represents an increase of 1.2% on the previous day’s rate. The Naira has continued to strengthen against the dollar since June 19. However, the Naira has weakened against the dollar in the unofficial market, closing at N446 today. On …
Exchange rate gains as forex turnover records boost Read More »
Implants that could help paralyzed people to walk have already passed through the test on a macaque and a pig. The billionaire entrepreneur’s brain chip startup is ready to launch human clinical trials. Musk co-founded Neuralink in 2016. He has promised that the technology will enable paralyzed people to use a smartphone with their minds …
Musk’s brain chip available for clinical trials in humans Read More »
The U.S. currency was relatively stable on Thursday as traders took a break from the recent series of positive economic news. Besides, the Treasury market paused to digest a busy week of trading. A report from the Labor Department showed that wages grew at their fastest rate, suggesting that the labor market is strengthening. Meanwhile, …
Amazon decided to open a real-world clothing store later this year. It announced on Thursday that the first Amazon clothing store would open its doors later this year. The store’s location is in the Los Angeles suburb of Glendale, California. The store will offer women’s and men’s clothes, footwear, and accessories. These clothes will be …
Amazon to open a clothing store with high-tech fitting rooms Read More »
On Wednesday, the U.S. dollar fell while remaining well-supported as investors prepared for an interest rate increase in March. U.S. 10-year Treasury yields reached a new two-year high of 1.903% on Wednesday. However, it was last down four basis points at 1.8272%. In afternoon trading, the U.S. dollar index fell by 0.4% at 95.528. Bond …
U.S. dollar weakens while keeping a positive outlook Read More »
Sri Lanka plans to introduce new policies to attract investments while developing tourism and exports to rebuild forex reserves. President Gotabaya Rajapaksa said on Tuesday that a forex shortage was inevitable in the nation. Rajapaksa added that if the country fails to control its spending, it will soon face a foreign exchange problem. He said …
Sri Lanka is releasing new policies to attract forex Read More »
China strives to boost the digital economy’s share by 2025, driven by the 6G internet and big data technologies. The ambition emphasizes China’s motivation to advance in new technology. It persists in a rivalry with the U.S. in areas including semiconductors and AI. China’s top executive body, State Council, commented on the situation in a …
China plans to boost tech’s share; 6G on the way Read More »
NFT Art brings new meaning to nonfungible tokens, but can AI gain enough trust to produce a new genre of Art? Sales of NFTs reached $25 billion last year, indicating that the sector is one of the most popular markets in crypto. Art NFTs made a significant impact in 2021, with Christie’s having more than …
AI-generative Art might be the next trend for NFT Read More »
The dollar jumped as investors braced for the U.S. Fed meeting, while China decreased borrowing costs to support a struggling economy. On Monday, the dollar bounced as investors braced for January’s U.S. Fed meeting and raised bets. In the meantime, China cut borrowing costs in order to help its economy. There are several events in …
Dollar finds ground as traders support a hawkish Fed meeting Read More »
Facebook is postponing the process of employees’ return to offices in the U.S. until the end of March. It also requires proof of a booster shot of a vaccine. On Monday, Facebook parent Meta Platforms declared it is delaying workers’ return to offices in the U.S. until March 28. The company added that it would …
Facebook postpones return to the office until March Read More »
The U.S. dollar floated near the middle of its current range against its peers as traders waited for the Fed Chair’s nomination for new clues. Traders wait for Powell to talk about the timing and pace of policy normalization. In his prepared opening remarks, Powell will promise to prevent high inflation from becoming embedded but …
Dollar remains stuck as traders wait on Fed’s new policy Read More »
The U.S. dollar appeared slightly lower against a basket of major currencies after the December jobs report that missed anticipations. The dollar index dropped after the Labor Department said nonfarm payrolls increased by 198,000 in December. The results turned out to be well short of the 400,000 estimates. At the same time, analysts mentioned underlying …
Siraj Raval has tried various ways to mine cryptocurrencies and found out that his Tesla Model 3 could help. He ran a free bitcoin mining software on his Apple Mac M1, powering it by plugging an inverter into the power socket located in the car’s center console. He’s also begun working with connected graphics processing …
Tesla owner mines over $800 a month in crypto with his car Read More »
Once the preferred mobile device, BlackBerry shuts down services on cellphones on Tuesday. The company, preferred for Capitol Hill, Wall Street, and the media, is closing the door on a technology that took part in a revolution in communications. In 202, BlackBerry announced that it would stop updating software and operating systems on its devices …
The U.S. dollar increased against the Japanese yen on Tuesday, beating a five-year high. It resulted from investors considering Omicron to be less harmful. Investors believe that the new strain will not likely affect the global economy negatively. They also think it won’t delay the Fed’s expected rate hikes. This year, an advancement in U.S. …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
