RECENT NEWS
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 […]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 […]