Alibaba (BABA) stock has achieved lift-off on Wednesday as shares rise 9% to a four-year high. Management of China’s e-commerce and cloud conglomerate says it will raise its outlays on AI spending above the $53 billion it announced in February. Source: fxstreet.com (Read Full Article)
AUD/USD slips to 0.6590 as Powell highlights dual mandate challenges
The Australian Dollar (AUD) drops slightly versus the US Dollar (USD) on Wednesday amid the lack of catalysts following remarks by Federal Reserve (Fed) Chair Jerome Powell, who stated on Tuesday that the Fed would continue to balance the dual mandate of the central bank. Source: fxstreet.com (Read Full Article)
Gold drifts lower from record highs as Fed caution and US Dollar strength weigh
Gold (XAU/USD) is facing gentle selling pressure on Wednesday, taking a breather after reaching a record high of $3,791 the previous day. Source: fxstreet.com (Read Full Article)
Pound Sterling Price News and Forecast: GBP/USD falls to over two-week lows, eyes 1.3400 support
The British Pound (GBP) edges lower against the US Dollar (USD) on Wednesday, snapping a two-day winning streak as renewed strength in the Greenback and dovish remarks from Bank of England (BoE) Governor Andrew Bailey weighed on sentiment. Source: fxstreet.com (Read Full Article)
Russia Industrial Output came in at 0.5%, below expectations (0.8%) in August
Russia Industrial Output came in at 0.5%, below expectations (0.8%) in August Source: fxstreet.com (Read Full Article)
WTI climbs to three-week high as EIA draw and geopolitical risks lift Oil prices
West Texas Intermediate (WTI) Crude Oil extends its rebound for the second straight day on Wednesday, recovering from its weakest level in nearly two weeks, hit earlier on Monday. Source: fxstreet.com (Read Full Article)
Circle taps Crossmint to expand stablecoin rails for humans and AI
Stablecoin issuer Circle has partnered with crypto infrastructure and self-custody platform Crossmint to offer USDC across more chains for both humans and AI agents. Source: cointelegraph.com (Read Full Article)
Nansen unveils AI agent for crypto traders, targets autonomous trading in Q4
Nansen unveiled an AI agent to simplify onchain crypto trading with natural conversation, aiming to bring more value to Ethereum and EVM networks. Source: cointelegraph.com (Read Full Article)
How to use Grok 4 to research coins before you invest
Turn social hype into smart signals with Grok 4: scan sentiment, summarize fundamentals and confirm onchain data before investing. Source: cointelegraph.com (Read Full Article)
Crypto treasury share buybacks could signal a ‘credibility race’ is on
Kadan Stadelmann, chief technology officer at Komodo Platform, told Cointelegraph that treasury companies are competing to see who can create the most enticing structure. Source: cointelegraph.com (Read Full Article)