financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
Kiwi skids to two-week trough after expected RBNZ decision
Kiwi skids to two-week trough after expected RBNZ decision
Jul 8, 2025
The New Zealand dollar declined in Asian trading on Wednesday against a basket of major and minor currencies, hitting a two-week low against its U.S. counterpart. The drop followed a widely expected decision by the Reserve Bank of New Zealand to leave interest rates unchanged at their lowest level in three years. The RBNZ stated that it expects to ease...
As Trump threatens additional tariffs on BRICS.. What are the ramifications?
As Trump threatens additional tariffs on BRICS.. What are the ramifications?
Jul 8, 2025
US President Donald Trump threatened to impose an additional 10% tariff on any country that supports what he described as anti-American policies issued by the BRICS group, a political and diplomatic coordination forum comprising 11 countries. Trump said via the Truth Social platform on Sunday evening that any country aligning itself with the anti-American policies adopted by BRICS would be...
RBA holds interest rates unexpectedly
RBA holds interest rates unexpectedly
Jul 8, 2025
At the conclusion of its July 8 meeting, the Reserve Bank of Australias Monetary Policy Committee decided on Tuesday morning to keep interest rates unchanged at 3.85%, the lowest level since May 2023, defying market expectations of a 25-basis-point rate cut. The Reserve Bank of Australia stated that it is waiting for additional information to confirm that inflation remains on...
US dollar stabilizes as the trade war escalates
US dollar stabilizes as the trade war escalates
Jul 8, 2025
The U.S. dollar held steady against most major currencies during Tuesday trading amid the ongoing trade escalation led by President Donald Trump's administration against other economies. President Donald Trump had earlier warned countries aligning with the BRICS alliances policies which conflict with American interests that they would face additional tariffs of 10%. Trump wrote on social media: Any country that...
World >
Market >
Sector Update: Tech Stocks Lean Lower Premarket Monday
Sector Update: Tech Stocks Lean Lower Premarket Monday
Aug 25, 2025
09:23 AM EDT, 08/25/2025 (MT Newswires) -- Technology stocks were leaning lower premarket Monday, with the Technology Select Sector SPDR Fund (XLK) declining by 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) down 2%. Verint Systems ( VRNT ) confirmed on Monday that it has agreed to be acquired by private-equity firm Thoma Bravo for $20.50 per share...
Sector Update: Tech
Sector Update: Tech
Aug 25, 2025
09:00 AM EDT, 08/25/2025 (MT Newswires) -- Technology stocks were leaning lower premarket Monday, with the Technology Select Sector SPDR Fund (XLK) declining slightly and the SPDR S&P Semiconductor ETF (XSD) down 2%. Verint Systems ( VRNT ) confirmed on Monday that it has agreed to be acquired by private-equity firm Thoma Bravo for $20.50 per share in cash, or...
COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
Aug 25, 2025
(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever ORLANDO, Florida, Aug 25 (Reuters) - Federal Reserve Chair Jerome Powell is coming under fire for appearing to cave to political pressure in his Jackson Hole speech on Friday, which opened the door to an interest rate cut next month, a shift from his...
Sector Update: Consumer Stocks Decline Pre-Bell Monday
Sector Update: Consumer Stocks Decline Pre-Bell Monday
Aug 25, 2025
09:19 AM EDT, 08/25/2025 (MT Newswires) -- Consumer stocks were declining pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% lower. Keurig Dr Pepper ( KDP ) has agreed to acquire coffee company JDE Peet's for 15.7 billion euros ($18.37 billion) in...
Environment >
Technology >
Personal Finance >
Politics >
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Mar 13, 2023
A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
Jul 12, 2023
The new bill exempts registered AYUSH practitioners and people accessing codified traditional knowledge, from sharing benefits with local communities or giving prior intimation to state biodiversity boards before accessing biological resources.
Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Rajasthan: Gehlot government begins Rs 2,500 cr dam project for Sabarmati, Sei rivers ahead of polls
Mar 1, 2023
On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
ED attaches over Rs 10-crore assets in resort scam involving ex-Maha minister Anil Parab
Jan 4, 2023
The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.
Retail >
Business >
Tesla Receives Clearance to Exchange xAI Investment for SpaceX Equity
Tesla Receives Clearance to Exchange xAI Investment for SpaceX Equity
Mar 12, 2026
03:33 PM EDT, 03/12/2026 (MT Newswires) -- Tesla (TSLA) obtained US regulatory clearance to convert its prior funding in xAI into a stake in SpaceX in preparation for the aerospace company's upcoming stock market debut, according to filings with the US Federal Trade Commission on Wednesday. The carmaker has acquired the stake directly from Chief Executive Elon Musk, alongside separate...
Occidental Petroleum Stock Surges Thursday: What's Driving The Action?
Occidental Petroleum Stock Surges Thursday: What's Driving The Action?
Mar 12, 2026
Occidental Petroleum Corp ( OXY ) shares are trading higher Thursday afternoon as energy stocks gain on renewed fears of supply disruption in the Middle East after multiple oil tankers were hit by explosions and Iran's new Supreme Leader said the Strait of Hormuz should remain closed to pressure the enemy. The move added fresh geopolitical risk to crude markets...
Exchanges oppose potential US Treasury intervention in oil futures market 
Exchanges oppose potential US Treasury intervention in oil futures market 
Mar 12, 2026
BOCA RATON, Florida, March 12 (Reuters) - The heads of a number of top exchanges, including CME Group ( CME ) and Toronto Stock Exchange parent TMX Group ( TMXXF ), oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices in the aftermath of the Iran conflict. The latest comments come as...
US Department of Energy to invest $1.9 billion for power grid upgrades
US Department of Energy to invest $1.9 billion for power grid upgrades
Mar 12, 2026
March 12 (Reuters) - The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday. U.S. power consumption is set to rise sharply this year and the next, driven by rapid growth in AI and cryptocurrency data centers and increased electrification of heating and transport. However, that demand...
Economy >
Cryptocurrency >
Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance
Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance
Aug 29, 2024
Bitcoin’s price has yet to recover from the recent drop, consolidating without a clear indication of its future direction. However, there are some signs that it could drop further if its unable to overcome $60,000 soon. Recall that the largest digital asset slumped hard on Tuesday, dropping from over $63,000 to $58,000, before recovering slightly to its current levels of...
Hackers Hijack Kylian Mbappe’s X Account to Promote Crypto Scam: Report
Hackers Hijack Kylian Mbappe’s X Account to Promote Crypto Scam: Report
Aug 29, 2024
The X account of French football star Kylian Mbappe was reportedly hacked on August 29, with the attackers posting multiple messages promoting a suspicious cryptocurrency named $MBAPPE.  The posts, which also included opinions on contentious topics such as the Israel-Palestine conflict, caught the attention of many, leading to significant financial losses for some. Investor Loses Over $1 Million According to...
Chainalysis Unveils Alarming Growth of China
Chainalysis Unveils Alarming Growth of China
Aug 29, 2024
In recent months, a troubling trend has emerged in the world of crypto crime. According to the latest Chainalysis report shared with CryptoPotato, there has been a significant increase in China-based vendors involved in distributing child sexual abuse material (CSAM). The report sheds light on a sharp rise in CSAM networks operating from China and the sophisticated ways these vendors...
Bitcoin L2 Stacks Implements Nakamoto Upgrade for Enhanced Network Functionality
Bitcoin L2 Stacks Implements Nakamoto Upgrade for Enhanced Network Functionality
Aug 29, 2024
The leading Bitcoin layer-2 network, Stacks, has commenced implementing its Nakamoto upgrade, which will enhance functionality and integration with its base blockchain. According to a press release shared with CryptoPotato, Stacks began the Nakamoto Activation Sequence on August 28. The process has four key steps, including the final code delivery, Cycle 92; the upgrade period for network operators; Cycle 93,...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved