NZD/USD falls to 0.5900 even though the US Dollar remains sideways. Investors await the US core PCE Price Index that will influence speculation for Fed rate cuts. NZD/USD consolidates in a 0.5850-0.5933 range for almost a week. The NZD/USD pair drops to near the crucial support of 0.5900 in Tuesday’s…

Riot’s shares surged by more than 20% fueled by optimistic evaluations from analysts who foresee substantial growth in the company’s financial performance. Anticipation surrounding Riot‘s financial performance, particularly in the wake of recent analyst predictions, has fueled significant investor interest. The bullish sentiment was evident as Riot Platform’s stock (RIOT)…

POLITICS

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The Senate will take up the House-passed $95 billion foreign aid package this week, as the legislation nears its final congressional action after both sides of Capitol Hill have struggled for months to send aid to Ukraine, Israel and Taiwan. The Senate begins with two procedural votes on Tuesday afternoon, interrupting a previously scheduled recess. While the chamber is expected to have enough support from both parties to pass the legislation, the exact timing for a final vote remains a question as any one senator can slow the process before sending the package to President Joe Biden for his signature, though…

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Investing

“Adjust down” does not mean a selloff. It is simply basic investment math applied to Trump Media’s “earnout” bonus of new shares. This adjustment is comparable to what happens when a company “pays” a stock dividend (in shares only). Because there is no added value to the company, the market…