The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...

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...

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...

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02:00 PM EST, 02/07/2025 (MT Newswires) -- (Updates prices.) Gold rose early on Friday, supported by safe-haven buying even as the dollar rose after the United States added fewer new jobs than expected in January. Gold for April delivery was last seen up US$12.30 to US$2,889.00 per ounce. The price of the metal rose to a record high of US$2,893.00...

02:00 PM EST, 02/07/2025 (MT Newswires) -- Health care stocks were retreating Friday afternoon, with the NYSE Health Care Index down 0.1% and the Health Care Select Sector SPDR Fund (XLV) 0.2% lower. The iShares Biotechnology ETF (IBB) fell 1.9%. In corporate news, Eli Lilly ( LLY ) said Friday that data from its open-label extension study showed bowel disease...

01:56 PM EST, 02/07/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each easing 0.3%. The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was off 0.2%. Bitcoin (BTC-USD) was increasing 1.5% to $97,920, and the yield...

02:02 PM EST, 02/07/2025 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%. In corporate news, Newell Brands' ( NWL ) Q4 earnings came in ahead of Wall Street estimates, but revenue missed estimates, while the company issued...

Cognyte Software ( CGNT ) will release its quarterly earnings report on Wednesday, 2024-12-11. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Cognyte Software ( CGNT ) to report an earnings per share (EPS) of $-0.04. Anticipation surrounds Cognyte Software's ( CGNT ) announcement, with investors hoping to hear about both surpassing estimates and receiving positive...

WASHINGTON, Dec 10 (Reuters) - The U.S. Commerce Department said Tuesday it has finalized a nearly $6.2 billion government subsidy for Micron Technology ( MU ) for semiconductor production in New York and Idaho. The funding will support Micron's long-term plan to invest approximately $100 billion in New York and $25 billion in Idaho. Separately, the department has reached a...

In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...

Deep-pocketed investors have adopted a bearish approach towards Broadcom ( AVGO ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AVGO usually suggests something big is about to happen. We gleaned this information from...

More than determining the political fortunes in New Delhi, the people of Kerala, on April 23, will vote to convey whether the majority there stand by progress or will like to remain steeped in whatever is called their tradition, invented and otherwise

The Congress and the NCP will announce their seat-sharing pact and alliances with smaller like-minded parties for the 48 Lok Sabha seats in Maharashtraon Saturday.

India is gearing up for the 17th Lok Sabha elections, which will be conducted in seven phases starting from April...

The BJP on Thursday announced its first list of 184 candidates for the Lok Sabha elections, fielding Prime Minister Narendra Modi from Varanasi and home minister Rajnath Singh from Lucknow.

11:20 AM EDT, 05/29/2024 (MT Newswires) -- Blackrock Silver ( BKRRF ) said Wednesday it raised $10.35 million as it closed a bought-deal offering of share units. The company sold an underwriting syndicate 32.34-million units priced at $0.32 and made up of a share and one half of a two-year warrant to buy a second share for $0.48. The completed...

Nikola Corporation ( NKLA ) shares are trading lower Wednesday, and the stock is down more than 20% over the past month. Here's a look at what's going on.  The Details: Nikola ( NKLA ) shares have fallen after the EV-maker reported worse-than-expected first-quarter financial results on May 7. The company reported sales of $7.5 million, compared to $10.7 million...

11:25 AM EDT, 05/29/2024 (MT Newswires) -- Price: 60.19, Change: +0.59, Percent Change: +0.99 ...

Blackstone Inc. ( BX ) stated that Blackstone Real Estate has agreed to sell Turtle Bay Resort for $725 million. Turtle Bay Resort has 450 rooms on 1,300 acres along the North Shore of O’ahu and boasts a variety of top-tier amenities. The sale is expected to close in the third quarter of 2024. Blackstone bought the hotel in 2018 for $332 million and...

The Bitcoin (BTC) market’s supply dynamics are being reshaped, with on-chain data showing that large holders of the asset are selling off some of their stash, while mid-tier investors are buying more. This transition is happening as BTC trades near a long-term support zone, raising questions about whether its next move could be another leg higher or the start of...

TL;DR The cryptocurrency community, apart from all of its positive sides, often publishes various predictions and makes big claims, many of which turn out to be completely false. A popular X user now claims that there are strong rumors Apple will announce a big crypto purchase today and its XRP. Are the “rumors” in the room with us right now?...

Ripple has revealed a new agreement with BBVA that will see the Spanish bank adopt Ripples digital asset custody technology. The partnership comes as BBVA recently launched a crypto-asset trading and custody service in Spain, which offers Bitcoin (BTC) and Ether (ETH) to retail clients. Ripples Expansion Into Spain With this integration, BBVA will rely on Ripple Custody, an institutional-grade...

A prominent market analyst is raising alarms that the current uptick among altcoins is a deliberate setup, a final act of distribution before a potential macroeconomic storm. With critical inflation data and a Federal Reserve meeting on the horizon, he is labeling the rally as a sophisticated trap for overeager retail investors. Exit Pump Risk as Macro Events Loom In...