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Aussie is best performing major currency after RBA's bullish meeting
Aussie is best performing major currency after RBA's bullish meeting
Jun 18, 2024
The Australian dollar rose in Asian trade against a basket of major rivals, rebounding off a week low against its US counterpart and becoming the best performing major currency following the RBAs decisions. The Reserve Bank of Australia decided to hold interest rates unchanged today and warned from continued inflation risks, which reduced the odds of interest rate cuts this...
Positive Market Sentiment Nudges Risk Assets Higher, Gold Slips Lower
Positive Market Sentiment Nudges Risk Assets Higher, Gold Slips Lower
Jun 17, 2024
Nasdaq, Gold, US Dollar Analysis and Charts Nasdaq 100 eyes 20,000 as buyers remain in control.Gold slips as risk sentiment turns positive.US dollar little changed, markets eye SNB and BoE this week. Recommended by Nick Cawley Recommended by Nick Cawley Master The Three Market Conditions s The technology sector in the United States continues its upward momentum, propelled by the...
Euro tries to recoup amid pressure from French politics
Euro tries to recoup amid pressure from French politics
Jun 17, 2024
Euro rose in European trade on Monday against a basket of major rivals, holding its ground above six-week lows while still under heavy pressure amid political uncertainty in France. Global markets expect French President Emanuel Macrons party to lose the upcoming legislative elections to the far right. Such developments could disrupt the markets and especially the government debt situation, which...
Yen moves in a negative zone after BOJ's meeting
Yen moves in a negative zone after BOJ's meeting
Jun 17, 2024
Yen declined in Asian trade on Monday against a basket of major rivals, moving in a negative zone for the third session against the dollar and approaching six-week lows following the Bank of Japans policy meeting. The yen is also pressured by improving US 10-year treasury yields as markets await more clues on the future of US interest rates. The...
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Sector Update: Health Care
Sector Update: Health Care
Mar 21, 2024
03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Mar 22, 2024
(Updates to closing prices) TOKYO, March 22 (Reuters) - Japan's Nikkei share average closed at an all-time high on Friday, underpinned by record gains on Wall Street overnight and strength in automakers' stocks on a weaker yen. The Nikkei rose 0.18% to end at 40,888.43, after hitting 41,087.75 earlier in the session to break an all-time intraday high. The index,...
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Mar 21, 2024
TOKYO, March 22 (Reuters) - Japan's Nikkei share average hit a record high on Friday, underpinned by the strength on Wall Street overnight and as a weaker yen prompted investors to buy automakers. The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53...
Sector Update: Financial
Sector Update: Financial
Mar 21, 2024
03:19 PM EDT, 03/21/2024 (MT Newswires) -- Financial stocks advanced late Thursday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.9%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4% Bitcoin (BTC-USD) dropped 4% to $65,176, and the yield for 10-year US Treasuries...
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Nvidia earnings offer little cheer for tech shares
Nvidia earnings offer little cheer for tech shares
Feb 26, 2025
By Aditya Soni, Noel Randewich and Rae Wee (Reuters) -Nvidia's quarterly outlook on Wednesday suggested demand from Microsoft, Amazon and other heavyweight tech companies racing to build out AI infrastructure remains robust, though the outcome failed to significantly quell fears of overspending in the booming industry. Shares of Nvidia fell 1.5% in extended trade, trimming some of its 3.7% gain...
Xiaomi launches 15 Ultra flagship smartphone priced from $894
Xiaomi launches 15 Ultra flagship smartphone priced from $894
Feb 27, 2025
BEIJING (Reuters) - Xiaomi, the world's third-largest smartphone maker, launched its new flagship smartphone Xiaomi 15 Ultra on Thursday, with the base model starting at 6,499 yuan ($894.19). The handset is equipped with a 1-inch ultra-large main camera sensor, featuring a 200MP periscope telephoto lens to tackle the industry's common challenge of low-light telephoto imaging. ($1 = 7.2680 Chinese yuan...
TSMC needs government permission for overseas joint ventures, Taiwan minister says
TSMC needs government permission for overseas joint ventures, Taiwan minister says
Feb 26, 2025
TAIPEI, Feb 27 (Reuters) - Taiwan Economy Minister Kuo Jyh-huei said on Thursday that chipmaker TSMC would need government permission for any overseas joint ventures, but the government will not interfere in its decisions. U.S. media have said Taiwan Semiconductor Manufacturing Co ( TSM ), the world's largest contract chipmaker and a major supplier to companies such as Apple (...
Breaking Down Clear Secure: 4 Analysts Share Their Views
Breaking Down Clear Secure: 4 Analysts Share Their Views
Feb 27, 2025
Clear Secure ( YOU ) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective....
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BlackBerry reports surprise profit on demand for cybersecurity services
BlackBerry reports surprise profit on demand for cybersecurity services
Apr 3, 2024
April 3 (Reuters) - Canada's BlackBerry reported a surprise profit for the fourth quarter on Wednesday, helped by higher demand for its cybersecurity services amid growing online crimes and high-profile hacks. U.S.-listed shares of the company rose 6.4% after the bell. The company reported an adjusted net profit of 3 cents per share for the quarter ended Feb. 29, compared...
Coach sues Gap for selling 'Coach' T-shirts
Coach sues Gap for selling 'Coach' T-shirts
Apr 3, 2024
(Reuters) - Luxury handbag maker Coach sued Gap on Wednesday, accusing the retailer's Old Navy unit of illegally selling T-shirts emblazoned with the word Coach. In a trademark infringement lawsuit filed in Los Angeles federal court, Coach and its parent, Tapestry, said they never gave Gap permission to sell the T-shirts, and the sale was likely to confuse customers into...
BlackBerry reports surprise profit on demand for cybersecurity services
BlackBerry reports surprise profit on demand for cybersecurity services
Apr 3, 2024
(Reuters) - Canada's BlackBerry reported a surprise profit for the fourth quarter on Wednesday, helped by higher demand for its cybersecurity services amid growing online crimes and high-profile hacks. U.S.-listed shares of the company rose 6.4% after the bell. The company reported an adjusted net profit of 3 cents per share for the quarter ended Feb. 29, compared with analysts'...
Update: BlackBerry Now Up 6% In US After Hours After Swinging To Surprise Q4 Profit; Adds Comments From CEO On Separating Divisions and Drive Towards Profitability
Update: BlackBerry Now Up 6% In US After Hours After Swinging To Surprise Q4 Profit; Adds Comments From CEO On Separating Divisions and Drive Towards Profitability
Apr 3, 2024
05:30 PM EDT, 04/03/2024 (MT Newswires) -- BlackBerry Limited ( BB ) (BB.TO, BB), which provides intelligent security software and services to enterprises and governments around the world, was at last look up 7.5% in after-hours New York trading on Wednesday as it reported Q4 EPS normalized of US$0.03 versus a forecast loss of $0.03 as per Capital IQ and...
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Bitcoin Price Explodes Toward $60K as MicroStrategy Ships Massive BTC Buy: This Week’s Recap
Bitcoin Price Explodes Toward $60K as MicroStrategy Ships Massive BTC Buy: This Week’s Recap
Sep 13, 2024
The past 24 hours saw the cryptocurrency market expand its capitalization by more than $110 billion, pushing for the $2.2 trillion mark. This comes on the back of gains from Bitcoin, Ethereum, BNB, and most of the remaining altcoins. Lets dive in. Bitcoins price increased by a whopping 11.5% in the past seven days. Traders are currently battling with the...
Coinbase CLO Calls Out SEC for Backtracking on Crypto Asset Definition
Coinbase CLO Calls Out SEC for Backtracking on Crypto Asset Definition
Sep 13, 2024
The U.S. Securities and Exchange Commission (SEC) has seemingly tracked back on previous statements suggesting that crypto assets themselves are securities. This retraction comes amid the agency’s ongoing legal case against Binance, one of the largest cryptocurrency exchanges in the world. SEC “Regrets” Confusion Caused by Wording Attention to the SECs shift was drawn by Paul Grewal, the Chief Legal...
84% of Polymarket Bettors Believe Donald Trump Will Likely Launch a Token
84% of Polymarket Bettors Believe Donald Trump Will Likely Launch a Token
Sep 13, 2024
As the United States presidential election inches nearer, the two contenders continue making several moves to capture citizens’ attention. Republican candidate Donald Trump has doubled down on his efforts to win crypto investors’ votes. Following a Friday announcement of a crypto-centric platform dubbed World Liberty Financial, 84% of bettors on the biggest prediction market, Polymarket, expressed conviction that Trump will...
XRP Taps $0.57 After Grayscale’s Ripple Trust Launch, BTC Shaky at $58K (Market Watch)
XRP Taps $0.57 After Grayscale’s Ripple Trust Launch, BTC Shaky at $58K (Market Watch)
Sep 13, 2024
Bitcoins price increase that started earlier this week stopped over the past 24 hours, and the asset calmed at around $58,000. Several altcoins have produced minor gains over the past day, including Solana, Chainlink, and Avalanche. BTC Calms at $58K A lot can change in the cryptocurrency markets within a week, and the past seven days proved that narrative once...
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