On Tuesday, Broadcom Inc. $AVGO announced the launch and delivery of its latest high-performance network chip, Tomahawk 6, designed specifically to enhance artificial intelligence (AI) workloads. As AI applications rapidly expand across industries, the demand for faster, more efficient data processing infrastructure in the USD-dominated global market continues to rise. Broadcom’s new chip promises to significantly increase data throughput and optimize traffic management, addressing critical bottlenecks in AI model training and deployment.
On Wednesday, the U.S. dollar (USD) retreated as investors exercised caution ahead of a key U.S. employment report and ongoing developments in tariff negotiations led by former President Donald Trump. The weakening of the greenback reflects a tense market atmosphere driven by geopolitical uncertainty and protectionist economic policies.
Gold prices retreated on Tuesday, falling nearly 1% from a four-week high as the U.S. dollar (USD) gained strength and traders exercised caution ahead of a potential phone call between former U.S. President Donald Trump and Chinese President Xi Jinping. The renewed geopolitical focus, alongside currency dynamics, pressured the precious metal, traditionally viewed as a safe-haven asset during periods of uncertainty.
Amid growing instability in global markets triggered by escalating trade tariffs and monetary policy divergence, Arrowpoint Investment Partners, a Singapore-based multi-strategy hedge fund, has successfully capitalized on pricing inefficiencies across equities, foreign exchange (FX), and fixed income. With assets under management (AUM) totaling USD 1.1 billion, the firm reported its strongest performance to date in May 2025, driven by sophisticated arbitrage strategies and tactical positioning.
Global financial markets opened the week on a cautious note as U.S.–China trade frictions intensified and investors braced for key labor data from the United States alongside anticipated monetary easing from the European Central Bank (ECB). The U.S. dollar (USD) declined against a basket of major currencies, while equities across Asia and Europe, particularly in the steel and aluminum sectors, faced downward pressure.
British digital bank Monzo has announced its first-ever pre-tax profit exceeding £60 million and annual revenue topping £1 billion (approximately USD 1.35 billion), underscoring its rapid ascent in the competitive UK banking sector. This marks a significant shift for the mobile-first neobank, which reported a loss just two years prior.
