Nintendo’s profit surged by 52% driven by the success of the new game “The Legend of Zelda” and the movie “Super Mario.”
Revenues of Nintendo escalated by 50% compared to the previous year, while the net profit recorded an impressive growth of 52%. Operating profit reached 185.44 billion yen, exceeding expectations and marking an 82.4% leap from the previous year. Nintendo benefited from the positive impact of the film “The Super Mario Bros. Movie,” based on the […]
Canadian financial regulator proposes new capital rules for cryptocurrencies
The Canadian Office of the Superintendent of Financial Institutions (OSFI) has put forward a proposal for new regulations targeting banks, insurers, and other entities operating within the financial markets that hold cryptocurrencies on their balance sheets. Starting from 2025, there will be an increase of half a percentage point in the capital reserve requirement. This […]
U.S. Dollar Set for Monthly Loss as Federal Reserve Signals Rate Hike Pause
In early European trade on Monday, the U.S. dollar showed slight gains, but it is still on track for a monthly loss as traders assess the possibility of an end to the Federal Reserve’s tightening cycle. Meanwhile, the Japanese yen weakened following the Bank of Japan’s shift in monetary policy. At 03:10 ET (07:10 GMT), […]
World stocks rose at the end of the week. Belief in a “soft landing” for the US economy helped
The development of global markets in the past week was influenced by both the monetary policy decision of the U.S. central bank and fresh economic data, as well as investor sentiment, with the expectation that the strongest global economy will avoid a recession. All three indexes of the New York Stock Exchange strengthened at the […]
Boeing Faces Q2 Losses Amid Production Increases and Supply Chain Challenges
Boeing, the renowned aerospace and defense company headquartered in Arlington, Virginia, reported a significant loss of $149 million in the second quarter of the fiscal year. Despite witnessing higher revenue, Boeing struggled with increased costs across its airline and defense businesses. This article delves into the factors contributing to the loss, the company’s efforts to […]
“Russian Rouble Hits More Than One-Week High Against the Dollar”
On July 25th, the Russian rouble strengthened against the dollar, reaching a more than one-week high. This strengthening was attributed to two main factors: high oil prices and an upcoming month-end tax period. During this tax period, exporters typically convert their foreign currency revenues into roubles, which creates demand for the local currency and boosts […]
Stock futures signal a recovery in techs, another Dow win: Stock market news today
On Friday, the stock market showed signs of positivity as stock futures nudged higher, indicating the Dow Jones Industrial Average’s potential for a 10th day of gains. Additionally, tech stocks are expected to recover from recent setbacks, generating excitement among investors. As they analyze the latest corporate earnings, market participants are looking forward to significant […]
Smartwatches Could Provide Early Diagnosis of Parkinson’s Disease
A study suggests that smartwatches could aid in the early diagnosis of Parkinson’s disease up to seven years before symptoms appear. The team at the British Institute of Dementia Research at Cardiff University utilized artificial intelligence to analyze data from 103,712 smartwatch wearers. By monitoring their movement patterns over a week between 2013 and 2016, […]
Biden Goes All-In on Clean Energy; Goldman Sachs Says These 2 Stocks Are Set to Gain
Recent months have shown the Biden Administration’s strong commitment to the ‘Green Economy,’ particularly in the clean energy sector. The administration has taken significant steps, such as signing the Inflation Reduction Act last August and launching multi-billion-dollar funding initiatives, to promote and support clean energy adoption. Key efforts include boosting electric vehicles, pushing for solar […]
Oil declines based on Chinese GDP data, India could boost global demand
Oil prices on global markets experienced a decline following the release of negative gross domestic product (GDP) data from China. However, this development might be offset by growing demand from India, which could help sustain global oil demand at a stable level. The price of oil, which saw a significant drop earlier this week, was […]