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Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
May 13, 2024
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the third straight session against the dollar and plumbing two-week lows, triggering concerns of yet another intervention by Japanese authorities. Yen is approaching the red line that the Bank of Japan seemed to have demarcated with serious intentions to intervene in order to defend....
Gold Prices Bid Despite Hot PPI, Inflation Data Next
Gold Prices Bid Despite Hot PPI, Inflation Data Next
May 14, 2024
Eager to gain insights into gold's future path? Discover the answers in our complimentary quarterly trading guide. Request a copy now! Recommended by Diego Colman Get Your Free Gold Forecast Gold prices rebounded on Tuesday, climbing nearly 0.8% and pushing past the $2,350 threshold after the previous day's steep decline. This upward movement was fueled by a weaker U.S. dollar...
Sterling Steady as UK Jobless Rate Rises, Wage Pressures Keep BoE Vigilant
Sterling Steady as UK Jobless Rate Rises, Wage Pressures Keep BoE Vigilant
May 14, 2024
UK Unemployment Rate Rises to 4.3%, While Earnings Remain Elevated The UK unemployment rate rose to 4.3% in March from a prior 4.2% as tight monetary conditions are slowly having an effect on the real economy. One area where contractionary policy is not having as much of an effect is on earnings. The measure of UK wages that includes bonuses...
Dollar under pressure ahead of inflation data, Powell's speech
Dollar under pressure ahead of inflation data, Powell's speech
May 14, 2024
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second loss in a row, under pressure from lower US treasury yields, which undermine the dollar's standing. Now investors await important US inflation data, in addition to Fed Chair Jerome Powells speech this week, to look for clues on the future of monetary...
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Sector Update: Consumer
Sector Update: Consumer
Nov 7, 2024
03:33 PM EST, 11/05/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.6%. In corporate news, Yum Brands ( YUM ) reported weaker-than-expected Q3 results as the Middle East conflict eroded sales at KFC ( YUM ) and...
Traders in Nervous Wait on Election Day, Driving Quiet Premarket Action for US Equity Futures
Traders in Nervous Wait on Election Day, Driving Quiet Premarket Action for US Equity Futures
Nov 7, 2024
08:17 AM EST, 11/05/2024 (MT Newswires) -- US equity futures were cautiously higher pre-bell Tuesday in a nervous wait ahead of the outcome of the country's presidential election. Dow Jones Industrial Average futures increased 0.1%, S&P 500 futures gained 0.2%, and Nasdaq futures were up 0.3%. It's election day in the US with investors awaiting the results of the high-stakes...
Sector Update: Health Care Stocks Rise Late Afternoon
Sector Update: Health Care Stocks Rise Late Afternoon
Nov 7, 2024
03:59 PM EST, 11/05/2024 (MT Newswires) -- Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) adding 0.7%. The iShares Biotechnology ETF (IBB) climbed 1.4%. In corporate news, Premier (PINC) shares jumped past 13% after fiscal Q1 earnings beat estimates. Bionomics (BNOX) shares surged almost...
Futures steady after Trump-fueled rally, Fed's rate decision awaited
Futures steady after Trump-fueled rally, Fed's rate decision awaited
Nov 7, 2024
(Reuters) - U.S. stock futures edged higher ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump's stunning comeback as U.S. president for a second time. Traders have about fully priced in a 25-basis point rate cut, but will keep a close watch on the central bank's policy statement...
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Foxconn says Nov revenue +3.47% y/y, Q4 outlook strong
Foxconn says Nov revenue +3.47% y/y, Q4 outlook strong
Dec 4, 2024
TAIPEI, Dec 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Apple's ( AAPL ) biggest iPhone assembler, reported on Thursday revenue for November rose 3.47% year-on-year to reach the second highest on record for the month at T$672.6 billion ($20.75 billion). Fourth quarter operations are anticipated to show significant growth on both a quarterly and yearly...
Britain approves $19 billion Vodafone-Three mobile merger
Britain approves $19 billion Vodafone-Three mobile merger
Dec 4, 2024
LONDON, Dec 5 (Reuters) - Britain on Thursday approved the $19 billion merger between Vodafone UK and Hutchison's Three UK to create the country's biggest mobile operator and reduce the number of networks to three from four. The Competition and Markets Authority had previously said the deal could push up customer prices, but it later accepted that a pledge by...
Malaysia says any U.S. tariffs on BRICS nations could impact semiconductor supply
Malaysia says any U.S. tariffs on BRICS nations could impact semiconductor supply
Dec 4, 2024
KUALA LUMPUR (Reuters) - Malaysia said on Thursday any attempt by the incoming Trump administration to impose tariffs on BRICS countries for trying to create a new currency or use alternatives to the dollar could cause global semiconductor supply chain disruptions. The BRIC grouping of major emerging economies initially included Brazil, Russia, India and China, and has since expanded to...
Syrian rebels say they have begun to enter crucial city of Hama
Syrian rebels say they have begun to enter crucial city of Hama
Dec 5, 2024
AMMAN (Reuters) - Syrian rebels said on Thursday they had started pushing into Hama, a major city where pro-government forces backed by intense Russian air strikes are trying to stave off a new rebel victory and halt the insurgents' lightning advance. Rebel commander Hassan Abdul Ghany posted on social media that the insurgents had begun to penetrate Hama. State media...
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Kaltura to Acquire PathFactory for $22 Million
Kaltura to Acquire PathFactory for $22 Million
Mar 16, 2026
04:44 PM EDT, 03/16/2026 (MT Newswires) -- Kaltura ( KLTR ) said late Monday it has entered into a deal to acquire PathFactory for about $22 million in cash. The firm said the acquisition would accelerate its transition to a fully agentic digital experiences platform from a video platform. The transaction is expected to close in Q2, the company said....
Volvo to discontinue EX30 in US later this year
Volvo to discontinue EX30 in US later this year
Mar 16, 2026
March 16 (Reuters) - Swedish automaker Volvo Cars said on Monday it will discontinue the EX30, a small electric SUV, and the EX30 Cross Country in the United States later this year. While U.S. sales of the two models will end after the 2026 model year, the EX30 will remain available in other markets including Canada and Mexico, a spokesperson...
Fortune Brands Innovations Says Board Launching Search Process for Next CEO
Fortune Brands Innovations Says Board Launching Search Process for Next CEO
Mar 16, 2026
04:49 PM EDT, 03/16/2026 (MT Newswires) -- Fortune Brands Innovations ( FBIN ) said Monday its board has launched a search process to identify the company's next chief executive. Amit Banati has decided to step aside and will no longer become CEO in May, the company said. Fortune Brands said President of Security and Connected Products David Barry has been...
Semtech Fiscal Q4 Adjusted Earnings, Sales Rise
Semtech Fiscal Q4 Adjusted Earnings, Sales Rise
Mar 16, 2026
04:44 PM EDT, 03/16/2026 (MT Newswires) -- Semtech ( SMTC ) reported fiscal Q4 adjusted earnings late Monday of $0.44 per diluted share, up from $0.40 a year earlier. Analysts polled by FactSet expected $0.43. Net sales in the quarter ended Jan. 25 rose to $274.4 million from $251 million a year earlier. Analysts surveyed by FactSet expected $273.2 million....
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California’s AB
California’s AB
Mar 31, 2025
Californias Assembly has taken major steps toward regulating cryptocurrency with the introduction of AB-1052, initially known as the Money Transmission Act. The bill led by California Democrat Avelino Valencia, who chairs the Banking and Finance Committee focuses on protecting cryptocurrency users, particularly those seeking to maintain control over their digital assets. AB-1052 According to an update by the prominent non-profit...
Crypto Investment Products See $226 Million in Inflows, Signaling Cautious Optimism
Crypto Investment Products See $226 Million in Inflows, Signaling Cautious Optimism
Mar 31, 2025
Last week, digital asset investment products attracted $226 million in inflows. CoinShares stated that the figures indicated a cautiously optimistic investor sentiment. After experiencing the largest outflows on record, ETPs have now seen nine consecutive days of inflows, with the exception of Friday, which saw a small outflow of $74 million. This was likely in response to the US core...
Important Crypto News From This Weekend That You Might Have Missed
Important Crypto News From This Weekend That You Might Have Missed
Mar 31, 2025
This weekend, FTX revealed its plan to begin paying major creditors in 2025, with $11.4 billion in assets. Meanwhile, former BitMEX CEO Arthur Hayes, along with his co-founders, received pardons from President Trump after a lengthy legal battle over regulatory violations. Crypto news that flew under the radar. FTX to Begin Paying Major Creditors in May 2025 FTX, the once-prominent...
Ripple (XRP) News: April 1
Ripple (XRP) News: April 1
Apr 1, 2025
Ripples native token became one of the poorest performers over the past few weeks, even though the lawsuit against the SEC ended. But theres more, so lets hop in on the latest developments in its ecosystem. Record-setting minting of RLUSD Ripples native stablecoin, which saw the light of day in mid-December after years of development and fighting US regulators, has...
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