As Nvidia announced a staggering 628% surge in quarterly profits, reaching $14.8 billion, expectations soared for a ripple of positivity across global markets. However, the anticipated uplift in stock values fell flat. Instead, a robust U.S. Purchasing Managers’ Index reading bolstered the dollar, sparking increased risk aversion. In addition, this drove down major indices, including […]
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PowerSchool data breach exposes millions of student and teacher records
Cybercriminals spare no industry, targeting sectors like health care, insurance, automotive and education. Health care has been a frequent target, with attacks like the Ascension breach last year and the CVR incident in late 2024. Now, education technology giant PowerSchool has become the latest target, with records of millions of students and teachers stolen. While […]
Mexican Peso Rebounds from Two-Year Low Amid U.S. Election Uncertainty
The Mexican peso started the week on a positive note, gaining ground against the U.S. dollar. This rebound comes after the peso hit its lowest point in over two years. The currency market is adjusting positions as the U.S. presidential election approaches. The spot exchange rate stands at 20.0730 pesos per dollar. Compared to Friday’s […]
Maduro Rekindles Brazil Ties at BRICS Bank
Dilma Rousseff met Venezuelan President Nicolás Maduro at the New Development Bank’s office in Shanghai. They met on Sunday, September 10, 2023. Both called the meeting important. Maduro posted on social media, praising the BRICS bank as a friend to Venezuela. A handshake and hug marked the start. Then, they talked with bank officials and […]