RECENT NEWS
Stock Market Update: S&P 500 Gains Momentum with Tech Sector Surge Ahead of Major Tech Earnings
Tech Stocks Fuel S&P 500 Surge; Key Earnings on the Horizon Monday witnessed a robust rebound in the S&P 500, driven by a resurgence in technology […]
Tesla Reduces Prices Globally Following Recent Cuts in the U.S.
Tesla Implements Global Price Cuts Amid Slowing Sales and Rising Competition Tesla, the leading electric vehicle (EV) manufacturer, has announced a series of significant price reductions […]
Japan’s Finance Minister Issues New Warning Over Volatile Yen Fluctuations
Japanese Finance Minister Signals Potential Action to Stabilize Yen Amid Market Volatility During the recent International Monetary Fund (IMF) and World Bank spring meetings in Washington, […]
Swiss Franc and Yen Rise Modestly, Retreat from Peaks as Iran-Israel Tensions Ease
Swiss Franc and Japanese Yen Stabilize as Iran Signals No Retaliation Against Israel In New York, the Swiss franc and the Japanese yen witnessed a reduction […]
Nasdaq, S&P Slide Amid Netflix Dip and Semiconductor Declines; American Express Lifts Dow
New York, NY (Reuters) — On Friday, the Nasdaq Composite and S&P 500 concluded in the red, influenced by a dip in Netflix (NASDAQ:NFLX) shares, although […]
Five Key Market Trends to Monitor This Coming Week – NASDAQ
Upcoming Economic Indicators and Tech Earnings to Shape Market Trend As the momentum of the recent rally in U.S. stocks begins to wane, driven by concerns […]
Gold Prices Soar Amid Economic Uncertainty, But a Downturn Looms
Gold has soared to record heights driven by geopolitical unrest, a declining dollar, and low real yields. However, the recent shift in rate cut expectations could […]
Decline in China’s Gallium and Germanium Exports as Restrictions Tighten
BEIJING – Recent customs data reveal a notable decline in China’s export volumes of gallium and germanium in March, a shift influenced by stringent export controls […]
Dollar Dips Slightly; Sterling Rises Following CPI Report
U.S. Dollar Slips While Sterling Gains Amid Unexpected UK Inflation Data Introduction:In early European trading on Wednesday, the U.S. dollar experienced a slight decline from its […]
Market Response Predicted Following Iran’s Attack on Israel
Iran Threatens ‘Larger Response’ if Provoked; Financial Markets Brace for Impact (Reuters) – Following Iran’s unprecedented drone and missile attack on Israel on Saturday, Tehran has […]
U.S. Leads Global Bitcoin Holdings with $14.7 Billion
The U.S. government holds the largest amount of Bitcoin among nations, with assets totaling approximately $14.7 billion. In addition to Bitcoin, the U.S. also possesses substantial […]
India’s Industrial Production Hits Four-Month High in February
NEW DELHI, – According to the latest government data, India’s industrial output in February grew at its fastest pace in four months, registering a 5.7% increase […]
“Morgan Stanley’s Predicted Iron Ore Price Outlook for 2024”
“Morgan Stanley released its new iron ore price forecast where the firm’s strategists highlighted they are targeting $120/t in Q3 in an aim for a return […]
Brent hovers around $90 as inflation concerns offset Middle East tensions
London, Reuters – Amidst Fluctuating Oil Prices, Global Markets Watch as Brent Crude Navigates Economic Uncertainties As of Thursday, global benchmark Brent crude teetered around the […]
Australian billionaire Rinehart’s firm takes stake in US miner MP Materials
(Reuters) – MP Materials announced that Hancock Prospecting, a mining company owned by Australian billionaire Gina Rinehart, has acquired a 5.3% stake in the company, further […]
Asia FX muted ahead of US inflation data; USDJPY nears 152
Asian currencies showed minimal movement on Tuesday, with the dollar stabilizing as investors awaited crucial U.S. inflation data later in the week. Despite repeated government warnings […]
Asia FX Remains Subdued, Yen Stabilizes as Dollar Gains Ahead of Nonfarm Payrolls
Most Asian currencies saw minimal movement on Friday, with the Japanese yen stabilizing near two-week highs, while the dollar gained ground amid cautious anticipation of key […]
Gold Prices Retreat from Record Highs; Technical Indicators Signal Overbought Conditions
Gold prices dipped in Asian trading on Friday, stepping back from recent record highs in anticipation of crucial U.S. labor data that could influence interest rate […]
Oil Prices Surge Over $1 Per Barrel Amid Supply Risks
HOUSTON (Reuters) – The Brent and U.S. West Texas Intermediate crude oil benchmarks surged by more than $1 a barrel during trading on Friday as markets […]
Asia FX Steady, Dollar Retreats from 4-½-Month High Amid Persistent Rate Uncertainty
Amidst minimal movement in most Asian currencies on Wednesday, the dollar eased slightly from its over four-month peak as markets remained cautious about the trajectory of […]
Intel, Tesla, and TSMC Experience Pre-Market Decline; Cal-Maine Sees Upsurge
Investing.com — U.S. futures traded slightly lower on Wednesday, retracing some of the hefty gains from the first quarter as investors brace for a series of […]
S&P 500 and DJIA enter ‘Worst Months’ of the year period – StockTradersAlmanac
The StockTradersAlmanac, a closely monitored investor newsletter, has officially issued its “Best Six Months MACD Seasonal Sell” signal for both the Dow Jones Industrial Average (DJIA) […]
Silver Lake to take Endeavor private in deal valuing UFC-owner at $13 billion
(Reuters) – Private equity firm Silver Lake has announced plans to acquire all outstanding shares of Endeavor Group Holdings, the talent and media company, in a […]
US stocks retreat; Tesla delivery weakness, reduced rate cut expectations weigh
Tesla stock plunged 6% after the electric vehicle manufacturer reported disappointing first-quarter delivery numbers, falling well short of expectations. The company delivered 386,810 vehicles, significantly below […]
South Korea March consumer inflation +3.1% y/y, matching forecast
SEOUL (Reuters) – Official data released on Tuesday revealed that South Korea’s consumer prices increased by 3.1% in March compared to the same month the previous […]
Warren Buffett Has $157 Billion Invested in These 2 “Magnificent Seven” Artificial Intelligence (AI) Stocks
Warren Buffett, known for his preference for traditional value investing over high-growth stocks, has made significant investments in two artificial intelligence (AI) giants within Berkshire Hathaway’s […]
US futures rise at start of Q2, fresh record for gold- what’s moving markets
U.S. futures signaled a positive start on Wall Street as the second quarter commenced, with gold prices surging to a new record amidst expectations for Federal […]
5 big analyst AI moves: Apple-Baidu collaboration ‘driven by regulatory concerns’
Citi Attributes Apple-Baidu AI Collaboration to Regulatory FactorsCiti analysts recently focused on Apple’s partnership with Baidu, noting that their collaboration on AI initiatives is primarily motivated […]
Japanese authorities inspect second Kobayashi Pharma factory after deaths
TOKYO (Reuters) – Health authorities conducted a second inspection at a Kobayashi Pharmaceutical factory in western Japan on Sunday following reports of five deaths possibly linked […]
China’s March factory activity expands for first time in six months
SHENZHEN, China (Reuters) – China’s manufacturing activity expanded for the first time in six months in March, according to an official factory survey released on Sunday. […]
Powell speech: PCE inflation in line with expectations, no hurry to cut rates
Federal Reserve Chair Jerome Powell participates in a discussion at the Macroeconomics and Monetary Policy Conference, in San Francisco. Key quotes: My first thought on PCE […]
Investors eye Fed rate cut, earnings as key to sustaining market rally
NEW YORK (Reuters) – After an impressive start to the year for stocks, investors are bracing themselves for potential challenges in the second quarter as they […]
US Congress bans staff use of Microsoft’s AI Copilot, Axios reports
(Reuters) – The U.S. House of Representatives has imposed a strict prohibition on congressional staffers’ utilization of Microsoft’s Copilot generative AI assistant, as reported by Axios […]
Japan repeats verbal warning to yen bears, BOJ keeps dovish tone
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida stated on Thursday that the government remains open to all options to address excessive movements in the currency […]
Brazil central bank’s June decisions will be more data dependent, says governor
BRASILIA (Reuters) – Brazil’s central bank is facing uncertainty regarding its policy decisions at the upcoming June meeting, with governor Roberto Campos Neto stating on Thursday […]
Torrid’s (NYSE:CURV) Q4 Sales Beat Estimates, Stock Jumps 22.4%
Torrid Holdings (NYSE: CURV), a retailer specializing in women’s plus-size apparel, reported its Q4 CY2023 results, exceeding analysts’ expectations in several key areas. While revenue for […]
Gold prices are edging closer to record highs, while copper rebounds on signals from China.
Gold prices stabilized in Asian trading on Thursday, hovering near a record high as traders invested in the precious metal ahead of further cues on U.S. […]
Oil prices have path to $100/barrel on Russia cuts, but US likely to stand in way
Investing.com — Oil prices may surge to $100 a barrel as early as September following Russia’s decision to reduce production, although the U.S. is poised to […]
India central bank keen to further build up record high FX reserves, say sources
MUMBAI (Reuters) – India’s central bank intends to continue bolstering its forex reserves, leveraging strong inflows into the country’s equity and debt markets, according to two […]
How Boeing’s leadership was ‘fired’ by its own customers
(Reuters) – It took 80 days, but for the aviation industry, the tipping point finally arrived. A rebellion among U.S. airline executives contributed to the overhaul […]
Analysis-As yuan skids, markets bet more depreciation is in store
SINGAPORE (Reuters) – The Chinese yuan is experiencing a downward trend, prompting speculation that authorities are deliberately orchestrating a gradual depreciation. This strategy aims to complement […]
Japan’s yen hits 34-year low, sparking intervention warnings
NEW YORK/LONDON (Reuters) – On Wednesday, the yen hit its lowest level since 1990 before experiencing a slight rebound following a meeting among Japan’s top monetary […]
Chicago Fed National Activity Index Unexpectedly Rises To +0.05 In February
(RTTNews) – The Federal Reserve Bank of Chicago unveiled a report on Monday revealing an unforeseen uptick in its index of U.S. national economic activity. According […]
U.S. New Home Sales Unexpectedly Dip 0.3% In February
(RTTNews) – New Home Sales in the United States experienced an unexpected decline in February, as per a report published by the Commerce Department on Monday. […]
SWIFT planning launch of new central bank digital currency platform in 12-24 months
LONDON, March 25 (Reuters) – SWIFT, the global bank messaging network, has informed Reuters that it plans to develop a new platform within the next one […]
Luxury EV maker Lucid to raise $1 bln from Saudi’s PIF affiliate
March 25 (Reuters) – Lucid (LCID.O) announced on Monday that it is securing $1 billion in funding from a subsidiary of Saudi Arabia’s Public Investment Fund […]
Yen gains after intervention warning, dollar dips
NEW YORK, March 25 (Reuters) – The yen strengthened on Monday as Japan’s top currency diplomat cautioned against speculative efforts to weaken the currency, while China’s […]
Small investor group seeks seat on Telecom Italia’s revamped board
MILAN, March 25 (Reuters) – ASATI, an association representing small investors in Italian telecommunications company Telecom Italia (TIM) (TLIT.MI), announced on Monday its submission of a […]
Asian stocks skittish ahead of data packed-week, Japan’s Nikkei falls
Most Asian stocks traded within a flat-to-lower range on Monday, reflecting cautious sentiment ahead of key economic indicators scheduled for release this week. Japan’s Nikkei 225 […]
German wind power sector welcomes government offshore terminal funding
FRANKFURT (Reuters) – The German Offshore Wind Energy Foundation emphasized the significance of the government’s decision to provide financial support for the expansion of an offshore […]
Gold prices fall further from record highs as dollar reigns after SNB cut
Gold prices dipped in Asian trading on Friday, stepping back from recent record highs amidst a notable surge in the dollar, prompted by an unexpected interest […]
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.31%
Saudi Arabia’s stock market witnessed a decline on Sunday, with the Hotels & Tourism, Transport, and Energy & Utilities sectors leading the downturn. The Tadawul All […]
A year after Iraq-Turkey pipeline halt, no progress to resume flows
LONDON (Reuters) – Twelve months post the shutdown of the Iraq-Turkey oil pipeline, the conduit that previously managed approximately 0.5% of the global oil supply remains […]
Analysis-Google, Apple breakups on the agenda as global regulators target tech
BRUSSELS/STOCKHOLM (Reuters) – Big Tech faces a significant challenge as antitrust regulators on both sides of the Atlantic target alleged anti-competitive practices. This crackdown could potentially […]
Dollar strengthens after big shift in global rate outlook
NEW YORK/LONDON (Reuters) – The dollar was poised for a second consecutive week of gains on Friday, as a minor rate hike in Japan provided a […]
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