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Australian inflation beats estimates in April
Australian inflation beats estimates in April
May 28, 2025
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...
Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
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SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
Dell, TJX And 2 Other Stocks Insiders Are Selling
Dell, TJX And 2 Other Stocks Insiders Are Selling
Mar 22, 2024
The Nasdaq 100 closed higher by around 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
US STOCKS-Futures edge higher after Wall Street scales record peak
US STOCKS-Futures edge higher after Wall Street scales record peak
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla slips on report co trims car production in China * FedEx ( FDX ) jumps on Q3 profit beat * Nike ( NKE ) falls after revenue forecast disappoints * Futures up: Dow 0.10%, S&P 0.11%, Nasdaq 0.07%...
Futures tick up after Wall Street hits record highs
Futures tick up after Wall Street hits record highs
Mar 22, 2024
(Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Powell later in the day. All three main U.S. indexes hit fresh record closing highs in the previous session as chip stocks rallied after Micron...
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Apple supplier Foxconn sees strong 2024 as Q4 beats forecasts
Apple supplier Foxconn sees strong 2024 as Q4 beats forecasts
Mar 14, 2024
By Yimou Lee and Faith Hung TAIPEI, March 14 (Reuters) - Apple ( AAPL ) supplier Foxconn said on Thursday it expects revenue to increase significantly in 2024 following a slow start to the year amid booming demand for AI servers, after it posted fourth-quarter profit that beat market estimates. The outlook has turned rosier since Foxconn Chairman Young Liu...
Ford has big goals for software sales to small business truck fleets
Ford has big goals for software sales to small business truck fleets
Mar 14, 2024
DETROIT (Reuters) - HomeTown Services, a heating and cooling repair company in Tulsa, Oklahoma, is getting ready to install driver monitoring cameras in some of its trucks, and already uses streamed data to remind drivers not to sit too long in idle vehicles, wasting gasoline. People will sit in a vehicle for an hour or two, said Del Underwood, vice...
FOCUS-Ford has big goals for software sales to small business truck fleets
FOCUS-Ford has big goals for software sales to small business truck fleets
Mar 14, 2024
DETROIT, March 14 (Reuters) - HomeTown Services, a heating and cooling repair company in Tulsa, Oklahoma, is getting ready to install driver monitoring cameras in some of its trucks, and already uses streamed data to remind drivers not to sit too long in idle vehicles, wasting gasoline. People will sit in a vehicle for an hour or two, said Del...
Oracle adds generative AI features to finance, supply chain software
Oracle adds generative AI features to finance, supply chain software
Mar 14, 2024
(Reuters) - Oracle on Thursday said it is adding generative artificial intelligence features across its corporate software lineup, intensifying competition with Microsoft ( MSFT ) and other technology firms to sell the technology to businesses customers. Oracle's cloud-based software offerings are central to many businesses in running their finances, supply chains and human resources departments, and the Austin, Texas-based company...
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EU should approve airline mergers quickly, Ryanair CEO says
EU should approve airline mergers quickly, Ryanair CEO says
Mar 20, 2024
BRUSSELS, March 20 (Reuters) - The European Commission should get on with it and approve pending mergers between European airlines, Ryanair CEO Michael O'Leary said on Wednesday. Get on with it and approve these mergers because, ultimately, it is the way forward in Europe, O'Leary told an industry conference in Brussels. He said increased consolidation was needed to ensure Europe's...
Gildan Activewear Shareholder Browning West Says 'Concerned' About Sale Process, Seeks Board Reconstitution
Gildan Activewear Shareholder Browning West Says 'Concerned' About Sale Process, Seeks Board Reconstitution
Mar 20, 2024
09:43 AM EDT, 03/20/2024 (MT Newswires) -- Gildan Activewear ( GIL ) shareholder Browning West said Wednesday that it is concerned that the apparel company's board has launched a sale process to avoid accountability following continuous and growing support for Browning West's calls for significant board reconstitution. The board's reactionary sale process underscores our message to shareholders last week that...
Why TopGolf Callaway Brands Stock Is Rising Wednesday
Why TopGolf Callaway Brands Stock Is Rising Wednesday
Mar 20, 2024
Topgolf Callaway Brands Corp ( MODG ) shares are trading higher Wednesday following a report suggesting the company is up for sale. What Happened: According to a Chosun Daily report, TopGolf Callaway is exploring a sale, and a South Korean strategic investor is in the running to acquire the company for approximately $2.98 billion. TopGolf Callway had a market cap...
Insulet Names Ana Maria Chadwick Finance Chief
Insulet Names Ana Maria Chadwick Finance Chief
Mar 20, 2024
09:42 AM EDT, 03/20/2024 (MT Newswires) -- Insulet ( PODD ) said Wednesday it has appointed Ana Maria Chadwick as its chief financial officer, effective April 22. Chadwick currently serves as Pitney Bowes' (PBI) CFO, Insulet ( PODD ) said. Insulet's ( PODD ) interim CFO Lauren Budden will continue to serve as the company's chief accounting officer, it added....
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Decline in Bitcoin (BTC) Wallets Reflects Market Fear, But There’s A Catch
Decline in Bitcoin (BTC) Wallets Reflects Market Fear, But There’s A Catch
Mar 21, 2024
Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction. Besides this latest recovery, the leading asset could see more positive returns in the near future, according to the latest data. Bitcoin Non-Zero Wallet Addresses Drop Santiments recent analysis of Bitcoins network activity revealed a notable decline in the...
EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations
EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations
Mar 21, 2024
EUR/USD News and Analysis ECB officials eye June meeting for first rate cut, SNB delivers a surprise cutDollar drop appears short-lived as EUR/USD heeds resistanceThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade EUR/USD ECB Officials Eye June...
These Are the Two Critical Levels for ETH in the Short Term (Ethereum Price Analysis)
These Are the Two Critical Levels for ETH in the Short Term (Ethereum Price Analysis)
Mar 21, 2024
Following a notable rejection at the substantial $4K price level, Ethereum underwent a corrective phase, experiencing a significant 25% decline. However, as the price neared the significant support of the 0.618 Fibonacci level, a rebound occurred, suggesting the potential for an impulsive surge. Technical Analysis By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a prevailing...
Bitcoin Price Analysis: Is BTC Ready to Explode to a New ATH Following the Recent Correction?
Bitcoin Price Analysis: Is BTC Ready to Explode to a New ATH Following the Recent Correction?
Mar 21, 2024
Bitcoin’s price has recently experienced a pullback below the $70K level, leaving market participants wondering whether the top is in or not. Yet, there are still several support levels available to hold the market from further decline. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying consistently since rebounding from the $40K level....
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