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Sterling backs off two-month high before BoE decisions
Sterling backs off two-month high before BoE decisions
Sep 18, 2025
The British pound fell in the European market on Thursday against a basket of global currencies, extending its losses for the second consecutive day against the US dollar, moving away from its two-month high, under pressure from accelerating correction and profit-taking, in addition to the continued recovery of the US currency from multi-year lows. This decline comes ahead of the...
BOC cuts interest rates for the first time since March
BOC cuts interest rates for the first time since March
Sep 17, 2025
Borrowing costs began to ease for some Canadians on Wednesday after the Bank of Canada announced its first interest rate cut since March, lowering its overnight policy rate by 25 basis points, from 2.75% to 2.5%. Commercial lenders, such as private banks, base their own lending rates on the central banks benchmark rate. The Bank of Canada pointed to a...
Kiwi backs off seven-week high after steep GDP contraction
Kiwi backs off seven-week high after steep GDP contraction
Sep 18, 2025
The New Zealand dollar fell broadly in Asian trading on Thursday against a basket of major and minor currencies, extending its losses for the second consecutive day against the US dollar, retreating from a seven-week high amid accelerating correction and profit-taking, in addition to the continued recovery of the greenback from multi-year lows. Data released in New Zealand showed a...
Fed cuts interest rates by 25 basis points
Fed cuts interest rates by 25 basis points
Sep 17, 2025
The US Federal Reserve announced on Wednesday its decision to cut the benchmark interest rate by 25 basis points, from 4.50% to 4.25%, in a move that was broadly in line with market expectations. ...
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Trilogy Metals Down in U.S. Pre-Market as Reports Fiscal 2024 Loss
Trilogy Metals Down in U.S. Pre-Market as Reports Fiscal 2024 Loss
Feb 14, 2025
07:55 AM EST, 02/14/2025 (MT Newswires) -- Trilogy Metals ( TMQ ) fell 1.6% at last look Friday in NYSE American pre-market trading as it reported a fiscal 2024 net loss. The company reported a net loss of US$8.6 million, or a loss of US$0.05 per share, for the year ended Nov. 30, 2024, compared to the FactSet analyst consensus...
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Ahead of More Economic Reports
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Friday Ahead of More Economic Reports
Feb 14, 2025
08:27 AM EST, 02/14/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) declined 0.1% in Friday's premarket activity ahead of more economic reports due later in the day. US stock futures were also lower, with S&P 500 Index futures down 0.2%,...
US Futures Modestly Lower as Investors Await Retail Sales, Industrial Production Data
US Futures Modestly Lower as Investors Await Retail Sales, Industrial Production Data
Feb 14, 2025
08:04 AM EST, 02/14/2025 (MT Newswires) -- US stock futures were trending modestly lower in Friday's premarket session as investors await retail sales and industrial production figures later in the morning. Dow Jones Industrial Average futures were down 0.27%, S&P 500 futures were off 0.15%, and Nasdaq futures were declining 0.16%. Oil prices were moving higher, with front-month global benchmarks...
Sector Update: Tech
Sector Update: Tech
Feb 14, 2025
08:51 AM EST, 02/14/2025 (MT Newswires) -- Technology stocks were flat to lower premarket Friday with the SPDR S&P Semiconductor ETF (XSD) recently inactive and the Technology Select Sector SPDR Fund (XLK) down 0.3%. Cohu ( COHU ) shares were over 3% lower after the company reported a swing to a Q4 non-GAAP loss as revenue declined during the period....
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Market Chatter: Amazon Using Streaming Video to Chip Away at Dominance of Allegro in Poland
Market Chatter: Amazon Using Streaming Video to Chip Away at Dominance of Allegro in Poland
Apr 9, 2024
09:00 AM EDT, 04/09/2024 (MT Newswires) -- Amazon ( AMZN ) is seeking to challenge Poland's leading online marketplace Allegro, using its video streaming platform as a way to attract customers, Reuters reported, citing company officials. Amazon ( AMZN ) plans to add more original Polish-language shows to the five it has launched on its Prime Video service since 2023,...
Winshear Gold Names New President Ahead of Planned Drill Program at Gaban Gold Project in Peru
Winshear Gold Names New President Ahead of Planned Drill Program at Gaban Gold Project in Peru
Apr 9, 2024
09:02 AM EDT, 04/09/2024 (MT Newswires) -- Winshear Gold Corp. ( HELOF ) said Tuesday that Mark Sander has stepped down as president of the company, but will continue to serve as a director. The company has tapped Patricio Varas as a replacement for Sander, effective immediately. Winshear is gearing up to launch its first-ever drill program to test the...
EV maker Lucid beats first-quarter delivery estimates
EV maker Lucid beats first-quarter delivery estimates
Apr 9, 2024
(Reuters) -Lucid reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans. Shares of the California-based company rose around 1% in premarket trading. The company handed over 1,967 vehicles in the first quarter, compared with estimates of 1,745, according to eight analysts polled by Visible Alpha. Lucid's upbeat deliveries reflect the...
Update: Norfolk Southern Agrees to Pay $600 Million to Settle Class Action Lawsuit Over East Palestine, Ohio, Derailment
Update: Norfolk Southern Agrees to Pay $600 Million to Settle Class Action Lawsuit Over East Palestine, Ohio, Derailment
Apr 9, 2024
09:06 AM EDT, 04/09/2024 (MT Newswires) -- Norfolk Southern ( NSC ) said Tuesday it will pay $600 million to settle a class action lawsuit over the derailment of one of its trains in East Palestine, Ohio, in February 2023. If approved by the court, the agreement will resolve all class action claims within a 20-mile radius of the derailment...
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US Prosecutors Push for 5
US Prosecutors Push for 5
May 22, 2024
Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense According to a sentencing memo...
Bitcoin Price Could Surge to $140,000 in Three Months if History Rhymes
Bitcoin Price Could Surge to $140,000 in Three Months if History Rhymes
May 22, 2024
The previous two cycles may provide an indication of where BTC prices might head after the previous all-time high was broken. In the 2013 cycle, Bitcoin prices peaked at around $1,130, but they did not break this level again until March 2017. However, in the three months that followed, BTC prices doubled. When the 2017 all-time high of $20,000 was...
Uniswap Labs Responds to SEC Wells Notice, Calls the Legal Basis “Weak”
Uniswap Labs Responds to SEC Wells Notice, Calls the Legal Basis “Weak”
May 22, 2024
Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SECs Legal Basis In a blog post on May 21, Uniswap Labs...
House Passes FIT21 Bill To Provide Crypto Legal Clarity With Two Thirds Majority
House Passes FIT21 Bill To Provide Crypto Legal Clarity With Two Thirds Majority
May 22, 2024
The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final tally of 279 yea to...
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