Aussie Inflation Data Remains Mixed as Electricity Rebate Artificially Lowers CPI Australian inflation rose at an annual pace of 3.5% in July, down from 3.8% in June according to the Australian Bureau of Statistics. The data point was slightly above the 3.4% estimate and while it looks encouraging at face value, much of the drop was due to rebates for...

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...

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...

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...

01:46 PM EDT, 10/30/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down fractionally and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%. In corporate news, Wingstop ( WING ) shares (WING) plunged 20% after the fast-food restaurant's Q3 earnings missed forecasts, while Shake Shack ( SHAK )...

01:59 PM EDT, 10/30/2024 (MT Newswires) -- Super Micro Computer's ( SMCI ) shares plunged 33% after Ernst & Young resigned as the company's registered public accounting firm. Intraday volume topped 195.1 million shares versus the daily average of 72.8 million. Qorvo ( QRVO ) shares fell 27%, a day after the company reported declines in fiscal Q2 non-GAAP earnings...

03:29 PM EDT, 10/30/2024 (MT Newswires) -- Health care stocks were lower late Wednesday afternoon, with the NYSE Health Care Index shedding 0.5% and the Health Care Select Sector SPDR Fund (XLV) down 0.4%. The iShares Biotechnology ETF (IBB) rose 0.1%. In corporate news, Tharimmune ( THAR ) shares soared 71% after the company said it received positive feedback from...

01:56 PM EDT, 10/30/2024 (MT Newswires) -- Health care stocks were lower Wednesday afternoon, with the NYSE Health Care Index shedding 0.8% and the Health Care Select Sector SPDR Fund (XLV) down 0.6%. The iShares Biotechnology ETF (IBB) rose 0.1%. In corporate news, Eli Lilly's ( LLY ) Q3 results rose year over year but missed Wall Street expectations while...

The price of (ETHUSD) declined in its recent intraday trading, attempting to gain a positive momentum that might assist it to recover and rise again, to lean on the support of its EMA50, amid the dominance of the main bullish trend and its trading alongside a minor bias line, with the (RSI) indicators reach to exaggerated oversold levels, which suggest...

In the last three months, 18 analysts have published ratings on Micron Technology ( MU ) , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat...

09:40 AM EDT, 06/05/2025 (MT Newswires) -- Churchill Capital IX (CCIX) and Plus Automation said Thursday they will merge in a deal that values the autonomous trucking software company at $1.2 billion ahead of its planned market debut. The transaction is expected to provide about $300 million in gross proceeds, which is expected to fully fund Plus through the planned...

In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Microsoft ( MSFT ) against its key competitors in the Software industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights...

A senior leader who attended the meeting said Venugopal asked state leaders to support state Congress chief Ashok Chavan and warned that party president Rahul Gandhi will not tolerate any indiscipline.

The Karnataka Assembly election results threw up an unexpected suspense on Tuesday, as a simple majority tantalisingly eluded BJP and...

The Madhya Pradesh Assembly election exit poll results will be streamed live on all News18 network channels, including CNBCTV18, after 6.30PM on Thursday, November 30.

Rajasthan Election Exit Poll Results 2023: The exit poll results will be announced on Thursday, November 30, at 6.30 pm after voting in Telangana gets over. Rajasthan is known for its anti-incumbency, with the state swinging between the BJP and Congress in the past elections.

(This Oct. 26 story has been corrected to show Leonardo Maria Del Vecchio is being investigated and is not under house arrest and deletes sentence with allegation details in paragraphs 1 and 5) By Emilio Parodi MILAN (Reuters) - Italian police have placed four people under house arrest as part of a probe into alleged illegal access to state databases,...

* Taiwan reports Chinese warplanes and warships around island * China angered by $2 bln US arms package for Taiwan * China views Taiwan as its own territory By Ben Blanchard and Ryan Woo TAIPEI/BEIJING, Oct 27 (Reuters) - Taiwan's defence ministry said on Sunday that Chinese warplanes and warships had carried out another combat patrol near the island, after...

* Trump appeals to Muslim voters in Michigan, pledges peace in the Middle East * Obama joins Harris on stage with emphasis on abortion rights * Michigan's early voting sees 19.5% turnout, mostly absentee ballots By James Oliphant, Trevor Hunnicutt NOVI/KALAMAZOO, Michigan, Oct 26 (Reuters) - Republican Donald Trump appealed to Muslim voters in Michigan on Saturday as Michelle Obama...

By Aditya Kalra NEW DELHI (Reuters) - Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday. BlackRock ( BLK ) and Canada Pension Plan Investment Board (CPPIB) will invest...

Bitcoin faced tons of volatility on Monday, especially during the night, and dumped to a new monthly low of $64,000. The altcoins fluctuations were similar, with numerous massive declines, resulting in 190,000 traders getting wrecked on a daily scale. The primary digital asset had a quiet weekend which it spent at around $66,000. Mondays start was also underwhelming but the...

After a quiet weekend, bitcoins price headed south violently in the past 12 hours or so and dumped to a monthly low of $64,000 amid the growing outflows from the spot ETFs. Over $100 billion evaporated from the crypto markets at one point, as most alts dumped hard as well. BTC Goes Low Bitcoin tried to take down the $70,000...

BlackRocks chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment classs slow adoption. Financial Advisors Are Cautious Since their debut in January...

American investment management firm VanEck is set to launch the first spot Bitcoin exchange-traded fund (ETF) on Australias securities trading platform this week. According to an official announcement from the asset management company, the spot Bitcoin ETF will go live on the Australian Securities Exchange (ASX) on Thursday, June 20. VanEck Unveils Australian Bitcoin ETF VanEck is one of the...