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The BRICS gold-backed currency development has been gaining momentum right now, and member nations are actually building infrastructure for trade settlements that can bypass dollar systems. When will BRICS currency be released remains under discussion at the time of writing, with some analysts suggesting a potential BRICS currency 2026 timeline. The BRICS currency name hasn’t been finalized yet. However, this BRICS new currency gold initiative is leveraging substantial reserves to create alternatives to traditional systems. Also Read: Wall Street Reacts To BRICS Currency Exploring BRICS Gold-Backed Currency And Its Release, Name, And Impact Source: The Daily Economy Multi-Currency Framework Takes Shape The BRICS gold-backed currency system could lead to actually creating one unified currency, as various major policy experts think. However, Russian Foreign Minister Sergey Lavrov engineered clarity around the strategic approach that’s being implemented: “No one in the BR...

Chinese banks have helped clients offload overseas currencies worth $51.8 billion, the highest since 2020. BRICS member China is at the forefront of the US dollar sell-off, as optimism grows towards the Chinese yuan, reported Bloomberg. The lenders have sold a net $51.8 billion of foreign exchange on behalf of their customers in September. That’s the largest amount ever recorded since December 2020. The clients include importers, exporters, and other investors in overseas financial assets. The chart below shows a spike in currency conversion amid robust export growth in September. The move helped offset an outflow from securities investment, as foreign institutions continued to cut onshore bond holdings. BRICS member China and the Chinese yuan are gaining an upper hand against the US dollar amid trade tensions. Also Read: Sergey Lavrov Says West Can’t Be Trusted, Looks to BRICS for Support Source: Bloomberg Chinese Firms Dump US Dollar For Chinese Yuan, Giving BRICS a Boost in the...

Meta Platforms (META) will release its Q3 2025 earnings report on Wednesday, October 29, after the market closes. Despite a poor month of form in October, META stock remains up 25% YTD. Wall Street expects Meta Platforms (META) to deliver a year-over-year increase in earnings on higher revenues, which in turn could send the stock higher. Ahead of its Q3 2025 earnings report, analysts are projecting a profit of $6.74 per share for Meta in Q3 2025, reflecting an 11.8% increase year-over-year. Zacks analysts expect Meta to post quarterly earnings of $6.59 per share in its upcoming report, which represents a year-over-year change of +9.3%. Revenues are expected to be $49.38 billion, up 21.7% from the year-ago quarter, per the same analysts. If these rises come to fruition, shares in the stock could rocket higher. Is Meta a Top Stock Investment Before Next Week’s Earnings? Meta continues to be highlighted among top picks in the AI sector, alongside significant momentum in its earnings ...

Nvidia’s stock (NVDA) opened Wednesday’s trading session at $181 after being down 2% in five days. NVDA has been well below the $200 mark for a month, allowing traders to accumulate the asset. It is the most sought-after equity in the market, receiving huge demand from retail investors and institutional funds. Five years from now, Nvidia stock could be in a better position, rewarding investors for buying the dips. The latest forecast from Traders Union is clear: investors could make massive profits in NVDA by 2030. In this article, we will highlight how high NVDA can reach in the next five years. Also Read: Netflix Stock Drops as Tax Dispute in Brazil Weighs on Earnings 5 Years From Now, Nvidia Stock (NVDA) Would Deliver This Much Profit Source: Getty Images / MarketWatch Traders Union has projected Nvidia stock to reach a high of $688 in the next five years. That’s an uptick and return on investment (ROI) of approximately 280% by 2030. Therefore, an investment of $1,0...

Bank of America analysts have upped their price forecast for Advanced Micro Devices (AMD) stock, upping their previous forecast by 20%. On October 17, Bank of America reiterated the stock as “Buy” and raised its price target to $300 per share from $250. “We rate AMD Buy,” analysts said in an investor’s note this week. “It serves a multi-hundred billion addressable market opportunity in PC, server, high-end gaming, deep-learning, and related markets where AMD has less than 30% value share currently.” The leading financial firm went on to say it sees improved visibility into AMD’s MI450 Series ‘Helios’ racks launching in 2H26, supported by customers such as Oracle, Meta, and OpenAI. Further, the analysts have marked 11/11 as the next date to watch out for, deeming it the next major catalyst. “Our new $300 PO is based on unch. 33x CY27E PE, still within 14x–55x historical range. Next major catalyst includes upcoming Analyst Day in NYC on 11/11…Overall, w...

Grayscale Investments says it’s adding staking features to several of its cryptocurrency exchange-traded funds (ETFs), marking the first time US-listed spot crypto exchange-traded products (ETPs) will offer staking rewards. The firm says its Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) will both now allow staking. The company also activated staking for the Grayscale Solana Trust (GSOL). Grayscale said it plans to seek regulatory approval to uplist the Solana fund as an exchange-traded product, which would make it one of the first Solana spot ETPs to include staking. Says Peter Mintzberg, Grayscale CEO, “Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver. As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potentia...

The AI torch is being passed on from Nvidia to Oracle, according to the recent stock price rise. Oracle stock (NYSE: ORCL) jumped 36% on Wednesday and soared 48% in the last five days. Its counterpart, Nvidia (NASDAQ: NVDA), spiked less than 4% during the same timeframe. The tables are being turned in real-time, making way for the new AI builder to take the top spot. Oracle is now close to $1 trillion valuation as the 48-year-old company added $200 billion to its market cap in a single day. The historic rally made founder Larry Ellison add more than $107 billion in net worth the same day, becoming the world’s richest man, elbowing Elon Musk. The market’s mood is now favoring Oracle over Nvidia as the stock is brimming with optimism. Also Read: OpenAI Signs $300B Deal With Oracle to Supercharge AI Compute Is Oracle the New Nvidia in the Stock Market? Source: cxscoop.com Oracle is heavily involved in the AI race, embedding generative and predictive response applications. They ...