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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...
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...
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...
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Sector Update: Financial Stocks Higher Thursday Afternoon
Sector Update: Financial Stocks Higher Thursday Afternoon
Sep 1, 2024
01:53 PM EDT, 08/29/2024 (MT Newswires) -- Financial stocks advanced in Thursday afternoon trading with the NYSE Financial Index up 0.7% and the Financial Select Sector SPDR Fund (XLF) rising 1%. The Philadelphia Housing Index added 0.6%, while the Real Estate Select Sector SPDR Fund (XLRE) shed 0.4%. Bitcoin (BTC-USD) increased 2.3% to $60,423, and the yield for 10-year US...
Sector Update: Consumer Stocks Mixed in Thursday Afternoon Trading
Sector Update: Consumer Stocks Mixed in Thursday Afternoon Trading
Sep 1, 2024
01:56 PM EDT, 08/29/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.1%. In corporate news, Best Buy ( BBY ) shares jumped nearly 16% in recent trading. The company lifted its full-year earnings outlook following better-than-expected fiscal...
Sector Update: Energy Stocks Rise in Thursday Afternoon Trading
Sector Update: Energy Stocks Rise in Thursday Afternoon Trading
Sep 1, 2024
01:46 PM EDT, 08/29/2024 (MT Newswires) -- Energy stocks gained Thursday afternoon with the NYSE Energy Sector Index rising 1% and the Energy Select Sector SPDR Fund (XLE) adding 1.5%. The Philadelphia Oil Service Sector index advanced 1.7%, and the Dow Jones US Utilities index was up 0.5%. West Texas Intermediate crude oil rose 1.7% to $75.77 a barrel, while...
Equities Rise Intraday as Traders Parse Macro Data, Corporate Earnings
Equities Rise Intraday as Traders Parse Macro Data, Corporate Earnings
Sep 1, 2024
02:19 PM EDT, 08/29/2024 (MT Newswires) -- US benchmark equity indexes were higher intraday as markets evaluated the latest economic data and corporate results, including those from Nvidia ( NVDA ) . The Dow Jones Industrial Average was up 1.1% at 41,521.8 after midday Thursday, while the Nasdaq Composite rose 1% to 17,726. The S&P 500 advanced 0.8% to 5,635.5....
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TotalEnergies Stock Gains Traction On Finnish Used Oil Reprocessing Acquisition: Details
TotalEnergies Stock Gains Traction On Finnish Used Oil Reprocessing Acquisition: Details
Jul 1, 2024
TotalEnergies SE ( TTE ) shares are trading higher after the company disclosed the acquisition of Tecoil, a Finnish company specializing in the production of Re-Refined Base Oils (RRBOs). Currently, Tecoil operates a production facility in Hamina, eastern Finland, capable of producing 50,000 tons of RRBOs per year. Tecoil has established its own circular economy network across Europe to collect...
Market Chatter: Amazon Web Services, Other Tech Giants, Seeking to Secure Power from Nuclear Plants
Market Chatter: Amazon Web Services, Other Tech Giants, Seeking to Secure Power from Nuclear Plants
Jul 1, 2024
07:48 AM EDT, 07/01/2024 (MT Newswires) -- Amazon's ( AMZN ) Amazon Web Services is among tech companies attempting to secure deals to power AI data centers from US nuclear reactors, The Wall Street Journal reported Monday. The owners of roughly a third of US nuclear reactors are in talks with tech companies to provide electricity, the Journal reported. Amazon...
Top Premarket Gainers
Top Premarket Gainers
Jul 1, 2024
07:47 AM EDT, 07/01/2024 (MT Newswires) -- Chewy (CHWY) shares were up over 17% after stock influencer Keith Gill disclosed a 6.6% stake in the company. Datasea ( DTSS ) stock was 9% higher following a 2.5% increase in the previous session. Cassava Sciences ( SAVA ) shares were up 2%, shaving Friday's losses. Price: 31.96, Change: +4.72, Percent Change:...
AstraZeneca's Potential Covid-19 Prevention Drug Gets EU Accelerated Assessment
AstraZeneca's Potential Covid-19 Prevention Drug Gets EU Accelerated Assessment
Jul 1, 2024
07:50 AM EDT, 07/01/2024 (MT Newswires) -- AstraZeneca ( AZN ) said Monday that its marketing authorization application for sipavibart has been accepted by the European Medicines Agency under an accelerated assessment procedure. Sipavibart is an investigational antibody to provide pre-exposure prophylaxis of Covid-19 in immunocompromised patients, the company said. An accelerated assessment shortens the timeframe for the agency's Committee...
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This Cat
This Cat
Jul 15, 2024
TL;DR The cryptocurrency market added $200 billion recently, with BTC and ETH seeing significant rises. Cat-themed tokens witnessed even more substantial gains, with one such asset rising to an all-time high. Following an assassination attempt on Donald Trump, Trump-themed meme coins experienced notable price increases, benefiting some early investors. The Newest Member of the Club The cryptocurrency market has flashed...
Why is the Shiba Inu (SHIB) Price Up Today?
Why is the Shiba Inu (SHIB) Price Up Today?
Jul 16, 2024
The popular meme coin Shiba Inu (SHIB) has been one of the best-performing top 20 cryptocurrencies in the past seven days, with its price jumping by over 17% (per CoinGeckos data).  It witnessed a 7% increase in 24 hours, and in the following lines, we will outline the possible reasons behind the impressive rally. Shibariums Progress The further advancement of...
Over $35M Laundered from DMM Bitcoin Hack Through Huione Guarantee: Data
Over $35M Laundered from DMM Bitcoin Hack Through Huione Guarantee: Data
Jul 15, 2024
Over $35 million in stolen funds from the infamous $305 million DMM Bitcoin hack have been laundered via Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group. It is interesting to note that this platform is part of a company linked to the Cambodian ruling family and has emerged as a significant hub for illicit funds in...
$60M Dormant Bitcoin Wallet Emerges After Nearly 12 Years of Slumber
$60M Dormant Bitcoin Wallet Emerges After Nearly 12 Years of Slumber
Jul 15, 2024
Just as Bitcoin reclaimed the $63,000 level at the start of this week, Whale Alert has identified the activation of a dormant address containing 1,000 BTC, worth approximately $60 million, on July 15th, after more than a decade of inactivity. This wallet initially received the stash around 11 years and 9 months ago, on September 25, 2012, valued at a...
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