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US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
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Sector Update: Tech
Sector Update: Tech
Jan 6, 2025
08:38 AM EST, 01/06/2025 (MT Newswires) -- Technology stocks advanced premarket Monday, with The Technology Select Sector SPDR Fund (XLK) up 1.2% and the SPDR S&P Semiconductor ETF (XSD) 2.4% higher. Paychex ( PAYX ) is in advanced discussions to acquire its smaller rival Paycor HCM ( PYCR ) in a deal that could bring together two major players in...
MIDEAST STOCKS-Most Gulf bourses gain ahead of US economic data
MIDEAST STOCKS-Most Gulf bourses gain ahead of US economic data
Jan 6, 2025
By Ateeq Shariff Jan 6 (Reuters) - Most stock markets in the Gulf ended higher on Monday as investors looked to minutes of the U.S. Federal Reserve's most recent meeting and payrolls data due later in the week for clues on the central bank's interest rate path. Analysts expect U.S. December payrolls to have risen by 150,000, with unemployment holding...
Futures rise after report of selective Trump tariffs; chip stocks gain
Futures rise after report of selective Trump tariffs; chip stocks gain
Jan 6, 2025
(Reuters) -U.S. stock index futures rose on Monday as optimism around AI fueled advances in technology companies, and a report suggested the incoming Trump administration could adopt a less aggressive stance on tariffs than previously anticipated. At 07:55 a.m. ET, Dow E-minis were up 165 points, or 0.38%, S&P 500 E-minis were up 46.25 points, or 0.77%, and Nasdaq 100...
Futures rise after report of selective Trump tariffs; chip stocks gain
Futures rise after report of selective Trump tariffs; chip stocks gain
Jan 6, 2025
(Reuters) -U.S. stock index futures rose on Monday as optimism around AI fueled advances in technology companies, and a report suggested the incoming Trump administration could adopt a less aggressive stance on tariffs than previously anticipated. At 07:55 a.m. ET, Dow E-minis were up 165 points, or 0.38%, S&P 500 E-minis were up 46.25 points, or 0.77%, and Nasdaq 100...
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5 Analysts Have This To Say About SEMrush Hldgs
5 Analysts Have This To Say About SEMrush Hldgs
Feb 3, 2025
In the preceding three months, 5 analysts have released ratings for SEMrush Hldgs ( SEMR ) , presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Taiwan to help companies relocate to US following Trump tariffs
Taiwan to help companies relocate to US following Trump tariffs
Feb 2, 2025
TAIPEI (Reuters) -Taiwan will support companies that plan to relocate to the United States, including helping them find partners, the economy ministry said on Monday, outlining assistance it will offer after U.S. President Donald Trump's new tariffs. Trump's orders for additional levies of 25% on imports from Mexico and most goods from Canada, as well as 10% on goods from...
India's Modi to seek to boost growth, ease cost of living in budget
India's Modi to seek to boost growth, ease cost of living in budget
Jan 31, 2025
* Budget will aim to address slowest pace of growth in four years * Economists expect tax cuts and further job creation measures * India seeking to preemptively lower tariffs to cope with Trump trade policies By Shivangi Acharya NEW DELHI, Feb 1 (Reuters) - Indian Prime Minister Narendra Modi faces the challenges of reviving growth and giving relief to...
AMD's AI bets face investor scrutiny as Big Tech switches to custom chips
AMD's AI bets face investor scrutiny as Big Tech switches to custom chips
Feb 3, 2025
By Arsheeya Bajwa (Reuters) - AMD investors will closely examine the chip designer's artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech's shift to custom silicon raises doubts about its place in the AI infrastructure race. Analysts expect AMD's December-quarter revenue to surge over 22% to $7.53 billion, but the company's growth prospects are shadowed by...
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China's potential probes on EU firms following EV tariffs
China's potential probes on EU firms following EV tariffs
Jun 14, 2024
BEIJING (Reuters) - Chinese firms have asked the government to launch an anti-dumping investigation into pork imports from the European Union, as well as an anti-subsidy investigation into EU dairy, according to state media. The move, seen as retaliation for new EU tariffs of up to 38.1% on imported Chinese elective vehicles from July, may risk escalating trade tensions. Below...
Tesla CEO Musk's pay package gets support from 77% of votes at investor meet
Tesla CEO Musk's pay package gets support from 77% of votes at investor meet
Jun 14, 2024
SAN FRANCISCO (Reuters) - Elon Musk's $56 billion pay package won an overwhelming 77% of votes cast by Tesla investors at its annual meeting, a company filing showed on Friday, despite vocal opposition from a number of institutional investors and proxy advisory firms. The filing did not break down the vote based on the type of investor, but it underscored...
Cineplex May Box Office Revenue Down by Almost 30% to $33.9 Million
Cineplex May Box Office Revenue Down by Almost 30% to $33.9 Million
Jun 14, 2024
06:32 AM EDT, 06/14/2024 (MT Newswires) -- Cineplex (CGX.TO) on Thursday reported box office revenue of $33.9 million for May, almost 30% lower than the same month in 2023. Year-to-date, Cineplex said it continues to outperform the North American box office as compared with 2019 by 4.8%. The company reported box office revenue of $47.5 million in May 2023 and...
Tesla CEO Musk's pay package garners support from 77% of votes at investor meeting
Tesla CEO Musk's pay package garners support from 77% of votes at investor meeting
Jun 14, 2024
SAN FRANCISCO, June 14 (Reuters) - Tesla CEO Elon Musk's $56 billion pay package garnered support from about 77% of votes cast at its annual shareholder meeting, according to a company filing on Friday. Investors holding 1.76 billion shares voted in favor of the pay package, which is the largest in U.S. corporate history, while 528.9 million shares voted against...
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SEC Launches Cyber and Emerging Technologies Unit to Combat Cyber Fraud and Crypto Scams
SEC Launches Cyber and Emerging Technologies Unit to Combat Cyber Fraud and Crypto Scams
Feb 20, 2025
The US Securities and Exchange Commission (SEC) announced the launch of the Cyber and Emerging Technologies Unit (CETU) to combat cyber-related fraud and protect retail investors from risks in emerging technologies. Headed by Laura DAllaird, CETU replaces the Crypto Assets and Cyber Unit and includes a team of roughly 30 fraud specialists and attorneys working across multiple SEC divisions. CETU...
Are XRP and DOGE Preparing for 25% Price Moves?
Are XRP and DOGE Preparing for 25% Price Moves?
Feb 20, 2025
TL:DR The popular crypto analyst Ali Martinez outlined possible positive scenarios for DOGE and XRP, which could send both assets up by around 25%. However, the landscape around Ripples cross-border token is somewhat worrisome, according to another indicator. #Dogecoin $DOGE could be on the verge of a 25% move as it nears a breakout from this symmetrical triangle! pic.twitter.com/Vf5OgIgRBU In...
Bitcoin Decouples From S&P 500 – Good or Bad for BTC?
Bitcoin Decouples From S&P 500 – Good or Bad for BTC?
Feb 20, 2025
Over the last three weeks, the correlation between bitcoin (BTC) and the SP 500 has been declining. As of February 17, the correlation dropped to zero, meaning BTC completely decoupled from the leading stock market index. According to data analyzed by market intelligence firm IntoTheBlock, the decorrelation between BTC and the SP 500 could be a bullish signal because BTC...
SEC Withdraws Appeal in DeFi Dealer Classification Case
SEC Withdraws Appeal in DeFi Dealer Classification Case
Feb 20, 2025
The U.S. Securities and Exchange Commission (SEC) has willingly withdrawn its appeal of a ruling that blocked its attempt to expand securities laws to cover decentralized finance (DeFi). This development means the DeFi space might no longer be subjected to securities laws. A Complete Victory for DeFi In a February 19 motion filed with the U.S. Court of Appeals for...
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