Australias consumer prices rose 2.4% y/y in April, beating estimates of 2.3%, and same as the previous reading. The data showcases the impact of inflationary pressures on Australian monetary policymakers, and huts the odds of an Australian rate cut in July. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP...

The dollar index rose 0.08% against a basket of major rivals today to 99.608, but remains 8% lower since the start of the year as investors seek alternatives to US assets, impacted by the trade wars. US Economy Faces Pressure Despite Optimism Recent data showed US durable goods orders fell in April by the fastest pace in six months, as...

The Reserve Bank of New Zealand cut interest rates by 25 basis points to 3.25% to April 2022 lows, the sixth such rate cut in a row, and matching expectations. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise...

The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, extending losses for the second straight session against the US dollar under pressure from the widening interest rate gap between the US and New Zealand. The Reserve Bank of Australia cut interest rates to three-year lows and warned against the impact of US tariffs,...

SHANGHAI/HONG KONG (Reuters) -China's stocks and currency came under pressure as markets returning from a week-long break were greeted by a fresh trade dispute with the United States and ructions in the global artificial intelligence sector. Tariffs so far have been less than what the Trump administration had initially indicated and relief was evident in Hong Kong, where Chinese stocks...

LONDON/NEW YORK (Reuters) - Bridgewater Associates' flagship fund Pure Alpha posted a gain of 8.2% in January, in a period when investors navigated a sell-off in AI-related stocks and uncertainties around the incoming U.S. administration, a source familiar with the matter said. It was not immediately clear what drove the hedge fund performance in January. Last year, the macro flagship...

* PepsiCo ( PEP ), Estee lauder fall after weak earnings forecasts * Palantir ( PLTR ) jumps on upbeat revenue outlook * Investors await Alphabet earnings post-close (Updates at the close) By Abigail Summerville and Sukriti Gupta Feb 4 (Reuters) - The three major stock indexes closed higher on Tuesday, aided by energy stocks, while investors saw reason for...

04:06 PM EST, 02/04/2025 (MT Newswires) -- US benchmark equity indexes ended higher Tuesday, shrugging off trade concerns after China announced a series of retaliatory tariffs against the US. * China will impose additional tariffs of 15% on coal and liquefied natural gas imports from the US and 10% higher duties on items including American crude oil and agricultural machinery,...

(Reuters) -U.S. telecom company Verizon Communications ( VZ ) is in discussions with EchoStar ( SATS ) about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter. The discussions involve the satellite communications firm's AWS-3 licenses, valuable for carrying 5G wireless signals, the report said. If the deal goes through, Verizon would...

MoUs signed with global Tier 1 and Chinese OEM SAN JOSE, Calif.--(BUSINESS WIRE)-- Tula Technology, Inc., a leader in propulsion efficiency and developer of Dynamic Motor Drive® (DMD), has signed two Memoranda of Understanding (MoU), with a global Tier 1 automotive supplier and with a Chinese OEM. With the global Tier 1 supplier, software integration of DMD has been...

Sept 29 (Reuters) - U.S. telecom company Verizon Communications ( VZ ) is in discussions with EchoStar ( SATS ) about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter. The discussions involve the satellite communications firm's AWS-3 licenses, valuable for carrying 5G wireless signals, the report said. If the deal goes...

TOKYO & MILPITAS, Calif.--(BUSINESS WIRE)-- Kioxia Corporation, a subsidiary of Kioxia Holdings Corporation ( KXHCF ) and Sandisk Corporation ( SNDK ) today announced the start of operation at the Fab2 (K2), a state-of-the-art semiconductor fabrication facility, at the Kitakami Plant in Iwate Prefecture, Japan. Fab2 has the capability to produce eighth-generation, 218-layer 3D flash memory, featuring the companies’ revolutionary...

No former or sitting U.S. president has ever faced criminal charges.

Turkish President Recep Tayyip Erdogan has made history as the longest-serving leader in Turkey, as he seeks a third consecutive term in office. Erdogan, who assumed the presidency on August 28, 2014, has been in power for an impressive 8 years, 8 months, and 24 days. Prior to his presidency, he served as the Prime Minister of Turkey from 2003 to 2014. Erdogan's predecessors include notable figures who have played significant roles in shaping Turkey's political landscape. Let's take a look at them.

Anil Wadhwa, former Indian Ambassador to Thailand, also told CNBC-TV18 that there is some doubt on whether the Move Forward Party and Pheu Thai Party — two of the biggest winners on Sunday — can work together as 'they were unlikely to come together before the elections.'

Russian President Vladimir Putin used a rally before a packed soccer stadium on Friday to justify the invasion of Ukraine, promising tens of thousands of people waving Russian flags that all the Kremlin's aims would be achieved.

May 20 (Reuters) - Hedge fund Shah Capital said on Monday that it was withdrawing its campaign against the re-election of three directors on Novavax's ( NVAX ) board, days after the COVID-19 vaccine maker struck a licensing deal with French drugmaker Sanofi. Shah Capital, which owns an about 7.8% stake in Novavax ( NVAX ), said that the agreement...

HELSINKI, May 20 (Reuters) - Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on Monday. In recent years, many data centres have been located in the Nordic countries because of the region's...

06:35 AM EDT, 05/20/2024 (MT Newswires) -- PureTech Health ( PRTC ) said Monday it has opened a proposed tender offer to buy up to $100 million of ordinary shares of one pence each including its American Depositary Shares each representing 10 ordinary shares. PureTech Health ( PRTC ) offers to buy up to 33.5 million ordinary shares, which represents...

06:32 AM EDT, 05/20/2024 (MT Newswires) -- Wix.com ( WIX ) raised its full-year bookings and revenue outlooks Monday after the Israeli software company recorded higher first-quarter results that topped Wall Street's estimates. The firm, which provides cloud-based web development services, now anticipates bookings to come in between almost $1.8 billion and $1.83 billion for 2024 versus the prior forecast...

The bitcoin mine would use solar and storage technology from Tesla and be entirely run on renewable energy

Founded in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal and Mihailo Bjelic as a secondary scaling solution for the Ethereum blockchain, Polygon is building a suite of scaling solutions.

The crypto industry has been focussing hard on making the business more environment friendly.

Shark Tank star and Canadian millionaire Kevin O’Leary, who has always been bullish on Bitcoin, expressed how the adoption of green energy by mining companies could reduce fossil fuel usage and trigger a wider acceptance of sustainable energy