The dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury’s bond buyback, which many viewed as merely a stopgap. This situation heightened fears about government intervention affecting fiscal health. As a result, both the euro and sterling appreciated against the dollar, prompting investors to explore safer assets like gold and bitcoin during these turbulent times.
SpaceX stock transfers raise compliance questions for Indian HNIs
Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshore funds. This distribution aimed to avoid