Rate cuts

Wix cuts 20% of its employees citing shekel-dollar exchange rate, AI implementation

According to the CEO, the fact that the company has shekel-dominated costs and dollar-denominated revenue made it impossible to keep its current operations running without cutting back.

|ByTOBIAS HOLCMAN
: In this photo illustration, a person holds a smartphone displaying the logo of Wix.com Ltd. (NASDAQ: WIX), a cloud-based web development platform, in front of a screen showing the company's branding on July 31, 2025.
Can gold continue its momentum amid another interest rate cut?

Can gold continue its momentum amid another interest rate cut?

At the last FOMC meeting, gold soared after the Federal Reserve announced a half-point interest rate cut

|ByTIM ZYLA
Gold Prices Rally as Rate Cut Bets Strengthen

Gold Prices Rally as Rate Cut Bets Strengthen

Gold prices surged on Thursday as investors increased bets on a Fed rate cut. The ongoing conflict in the Middle East and strong central bank demand also support gold's rise.

|ByARSLAN BUTT
Gold and Silver Hold Steady: Fed’s Potential 25 bps Rate Cut Decision and FOMC

Gold and Silver Hold Steady: Fed’s Potential 25 bps Rate Cut Decision and FOMC

Gold and silver hover around $2,570 and $30.60 as markets anticipate a 25 bps Fed rate cut, impacting both precious metals amid geopolitical tensions.

|ByARSLAN BUTT