The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...

The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...

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The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...

(Reuters) - Futures tracking the S&P 500 and the Nasdaq rose on Monday ahead of the Federal Reserve's meeting this week, where it is expected to keep borrowing costs steady and provide cues on its monetary policy path this year. Stronger-than-expected inflation figures last week have prompted investors to rethink when and by how much policymakers will lower rates this...

The CNN Money Fear and Greed index showed further decline in overall market sentiment, but it remained in the Greed zone on Friday. U.S. stocks closed lower on Friday, with the S&P 500 recording its second-consecutive weekly loss. The S&P 500 lost 0.13% last week, while the 30-stock Dow slipped by 0.02%. The US Federal Reserve is widely expected to...

NEW YORK, March 15 (Reuters) - Diverging fortunes for the massive technology and growth names that have propelled the U.S. stock market higher are throwing a spotlight on their pricey valuations. The so-called Magnificent Seven are collectively trading at an average of 33 times their expected earnings for the next 12 months, up from 26 at the end of 2022,...

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Science Applications International Corporation ( SAIC ) to report quarterly earnings at $1.43 per share on revenue of $1.64 billion before the opening bell, according to data from Benzinga Pro. SAIC shares rose 0.6%...

Aug 9 (Reuters) - Two competing groups of law firms are pressing a judge to appoint them as leaders of potentially lucrative consumer class actions accusing Apple ( AAPL ) of monopolizing the smartphone market. The opposing coalitions of plaintiffs lawyers on Thursday made their pitches to U.S. District Judge Julien Neals in New Jersey, who is presiding over private...

Analysts' ratings for Cerence ( CRNC ) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4...

Whales with a lot of money to spend have taken a noticeably bearish stance on Intel ( INTC ). Looking at options history for Intel ( INTC ) we detected 38 trades. If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 55% with bearish. From...

Analysts' ratings for SoundHound AI ( SOUN ) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent...

Chhattisgarh Election Exit Polls 2023 results could give an indication about the expected poll outcomes on the counting day, December 3.

RBI Monetary Policy 2023

Addressing a big rally here to launch the BJP's Lok Sabha campaign, Shah launched a blistering attack on Chief Minister Mamata Banerjee on the issues of appeasement, infiltration, corruption and political violence, alleging she has "destroyed" the state.

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.

FRANKFURT (Reuters) - Luxury carmaker Porsche replaced its CFO and head of sales on Wednesday with two company veterans as it reshuffles its board in the hopes of reviving flagging performance and a weak share price. The company announced late on Tuesday that Jochen Breckner, at Porsche for 25 years and head of corporate development since 2018, will oversee finances...

NEW DELHI (Reuters) - Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show. Volkswagen is a tiny player in India's car market, which is the third biggest in the...

* VW, Indian authorities in legal tussle over record tax demand * India accuses VW of using clandestine scheme to evade tax * VW case rekindles worries among foreign companies in India * Loss could cost VW $2.8 billion, including penalty, interest By Arpan Chaturvedi, Aditya Kalra and Aditi Shah NEW DELHI, Feb 26 (Reuters) - Indian tax authorities have...

JAKARTA (Reuters) - Indonesia will start using its government-set benchmark coal price as the floor price for transactions starting from March 1, Tri Winarno, a senior official at the Energy and Mineral Resources Ministry, said on Wednesday. Indonesia currently uses the government benchmark price, known as the HBA, to calculate royalty fees for coal miners. Tri did not elaborate further...

After roughly a week of gains and charting consecutive all-time highs, bitcoins run has finally cooled off as the asset was rejected twice at the $90,000 level. As expected, the more volatile by nature altcoins have experienced even more turbulent corrections over the past day, leaving almost 300,000 traders wrecked. Bitcoin/Price/Chart 13.11.2024. Source: TradingView It was nothing short of a...

TL;DR Despite the market-wide pullback, the viral meme coin PNUT surged to a new ATH. Its popularity and price increase were likely fueled by one of Musks latest interactions on X. Defying the Market Trend After several days of pumping and reaching record highs, the cryptocurrency market pulled back in the past 24 hours. Bitcoin (BTC), whose price tapped an...

Sui is a layer-1 blockchain created to enable quick, low-latency transactions, making it a strong choice for real-time applications like gaming, decentralized finance (DeFi), and other responsive services. Launched in May 2023, its architecture emphasizes immediate transaction completion and high throughput, with smart contracts written in Move, a Rust-based programming language optimized for fast, secure transaction execution. A key differentiator...

The unprecedented events surrounding this bull season, like bitcoin (BTC) hitting an all-time high before the halving, have led traders to think the digital asset may follow a pattern not seen in past cycles. Recently, there have been speculations that BTC may complete its bull run this year or by January 2025. However, some market analysts have stuck to their...