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Euro moves in a negative zone ahead of German inflation data
Euro moves in a negative zone ahead of German inflation data
May 29, 2024
Euro fell in European trade on Wednesday against a basket of major rivals while moving away from two-week highs against the dollar on profit-taking as investors shun risks ahead of major German inflation data. Such data will provide important clues on the mainline inflation direction in the whole eurozone, which in turn would help determine the likely path ahead for...
Euro sharpens decline to two-week trough on European rate prospects
Euro sharpens decline to two-week trough on European rate prospects
May 30, 2024
Euro fell in European trade on Thursday against a basket of major rivals, heading for the second loss in a row against the dollar and plumbing two-week lows after giving up the psychological level of $1.08 amid concerns about the interest rate gap between Europe and the US. Markets are expecting multiple European rate cuts this year after data showed...
Aussie gains ground after hot Australiann inflation data
Aussie gains ground after hot Australiann inflation data
May 28, 2024
The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, resuming gains following hot inflation data. Such data heaped pressure on the RBAs policymakers, and hurt the odds of Australian rate cuts this year. The Price The AUD/USD rose 0.3% today to 0.6666, with a session-low at 0.6639. The pair lost 0.1% on Tuesday, the...
Yen tries to recoup from four-week trough amid brisk developments in Japanese yields
Yen tries to recoup from four-week trough amid brisk developments in Japanese yields
May 29, 2024
Yen rose in Asian trade on Thursday against a basket of major rivals, on track for the first profit in three sessions against the US dollar amid attempts to move away from four-week lows. The gains came as Japanese 10-year treasury yields spike to 13-year highs, underpinning the yen. The Price The USD/JPY pair fell 0.25% to 157.26, with a...
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Sector Update: Financial
Sector Update: Financial
Apr 8, 2024
01:39 PM EDT, 04/08/2024 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.5%. The Philadelphia Housing Index was adding 0.3% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.8%. Bitcoin (BTC-USD) was increasing 3% to $71,323, and the...
Sector Update: Energy
Sector Update: Energy
Apr 8, 2024
01:38 PM EDT, 04/08/2024 (MT Newswires) -- Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each decreasing about 0.1%. The Philadelphia Oil Service Sector index was down 0.3%, while the Dow Jones US Utilities index was adding 0.6%. Front-month West Texas Intermediate crude oil was declining 0.8% to...
Wall Street gains modest ground at the opening
Wall Street gains modest ground at the opening
Apr 8, 2024
US stock indices rose on Monday as markets continue to process the roaring employment data. Recent strong US labor data curtailed the odds of a Fed interest rate cut in June, with investors now awaiting US inflation data later this week to have a better picture. US consumer prices are expected up 0.3% m/m in March, and 3.5% y/y. JPMorgan...
Gold Moves Higher; Auddia Shares Surge
Gold Moves Higher; Auddia Shares Surge
Apr 8, 2024
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.1% on Monday. The Dow traded up 0.04% to 38,919.32 while the NASDAQ rose 0.11% to 16,266.07. The S&P 500 also rose, gaining, 0.07% to 5,208.09. Check This Out: Jim Cramer Isn't Going With This Tech Company: 'It's Complicated. I'm A Nvidia Guy'   Leading...
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Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
How Zara and H&M are trying to clean up fast fashion's messy carbon footprint — are they serious about it
Sep 18, 2023
Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.
Cups are disposable, the environment is not: Starbucks’ green realisation
Cups are disposable, the environment is not: Starbucks’ green realisation
Sep 16, 2023
For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a straw less lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15 percent the amount of material in each cup.
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Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Mar 22, 2024
Phishing scams have wreaked havoc in the digital asset ecosystem and are making a comeback amidst market-wide recovery. These attacks have grown increasingly sophisticated, leading to high-profile crypto investors, whales, and prominent industry figures becoming victims, ultimately resulting in substantial financial losses. In its latest update on March 21st, CertiK identified a deposit of 3,700 ETH into Tornado Cash on...
Whale Activity Backs Dogecoin’s (DOGE) Surge Above $0.16: Data
Whale Activity Backs Dogecoin’s (DOGE) Surge Above $0.16: Data
Mar 22, 2024
Dogecoin has emerged as one of the top-performing assets amidst market recovery from significant volatility last weekend. Trading at $0.164, the eighth-largest crypto by market capitalization, has extended its monthly gains to nearly 96%. Coinciding with this surge, the number of transactions by DOGE whales has hit a new milestone. Dogecoin Whales Make a Splash Amidst renewed market activity, Dogecoins...
This Trending Meme Coin Explodes 50% Daily: Details
This Trending Meme Coin Explodes 50% Daily: Details
Mar 22, 2024
TL;DR Meme coins on the Solana blockchain have shown potential for high profits, with instances of substantial investment returns highlighted. Despite these opportunities, the inherent volatility of meme coins underscores a considerable risk of losses. Meme coins built on the Solana blockchain have been thriving in the past several months, with the sector spewing new ones quite frequently. Todays best...
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Mar 22, 2024
Cardano (ADA) is showing strong growth in smart contract development. Since the beginning of the year, the number of Plutus scripts on the Cardano network, including Plutus V1 and V2, has surged by 171.45%,  At this pace, the Cardano network is adding nearly 500 new smart contracts daily. According to data from Cardano Blockchain Insights, the network has achieved 39,000...
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