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Yen extends losses to four-week trough on mounting US-Iran tensions
Yen extends losses to four-week trough on mounting US-Iran tensions
May 28, 2026
The Japanese yen declined in Asian trading on Thursday against a basket of major and minor currencies, deepening its losses for the third consecutive session against the US dollar and hitting its weakest level in four weeks, amid rising demand for the US currency as a safe haven due to escalating military tensions between the United States and Iran, raising...
Rare earths: China’s pressure card against Washington after the Trump-Xi summit
Rare earths: China’s pressure card against Washington after the Trump-Xi summit
May 28, 2026
Two weeks ago, US President Donald Trump visited the Chinese capital Beijing for a high-level summit with Chinese President Xi Jinping aimed at easing trade tensions between the two countries, securing new business deals, and leveraging Chinese diplomatic influence to help manage the conflict with Iran. Trump was accompanied by a delegation of top US chief executives in an effort...
Loonie posts vast monthly gains amid hopes for an extended ceasefire between Washington and Tehran
Loonie posts vast monthly gains amid hopes for an extended ceasefire between Washington and Tehran
May 28, 2026
The Canadian dollar rose sharply against its US counterpart on Thursday, recovering from a six-week low as optimism grew over the possibility of reaching an agreement to extend the ceasefire in the Middle East, boosting investor risk appetite. The Canadian dollar, known as the loonie, climbed 0.4% to C$1.3780 against the US dollar, equivalent to 72.57 US cents, heading for...
Dollar steadies as markets monitor developments in Iran, while yen nears intervention territory
Dollar steadies as markets monitor developments in Iran, while yen nears intervention territory
May 27, 2026
The Japanese yen weakened to its lowest level against the US dollar since late April during Wednesdays trading, approaching levels that previously prompted Japanese authorities to intervene in the currency market last month, as traders cautiously assessed the risk of renewed escalation in the war with Iran. Meanwhile, the New Zealand dollar was among the days strongest-performing currencies after surging...
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Technology Pushes US Equity Indexes Higher as Jobless Claims Slump More Than Forecast
Technology Pushes US Equity Indexes Higher as Jobless Claims Slump More Than Forecast
Aug 8, 2024
01:58 PM EDT, 08/08/2024 (MT Newswires) -- US equity indexes jumped, led by technology, and government bond yields advanced after weekly jobless claims slumped more than forecast, throwing cold water over speculation that the US economy is in a sharp slowdown. The Nasdaq Composite jumped 2.8% to 16,657.7, with the S&P 500 up 2.3% to 5,317.5 and the Dow Jones...
Update: Gold Rises Despite a Strengthening Dollar and Rising Yields After U.S. Jobless Claims Eased Last Week
Update: Gold Rises Despite a Strengthening Dollar and Rising Yields After U.S. Jobless Claims Eased Last Week
Aug 8, 2024
02:00 PM EDT, 08/08/2024 (MT Newswires) -- (Updates prices.) Gold traded higher for a second day midafternoon on Thursday even as the dollar and yields climbed after U.S. initial jobless claims rose less than expected last week, easing worries over the health of the country's labor market. Gold for December delivery was last seen up US$28.70 to US$2,461.10 per ounce....
Sector Update: Tech
Sector Update: Tech
Aug 8, 2024
01:51 PM EDT, 08/08/2024 (MT Newswires) -- Tech stocks were sharply higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 3.5% and the SPDR S&P Semiconductor ETF (XSD) jumping 6.5%. The Philadelphia Semiconductor index spiked 6.2%. In corporate news, ChargePoint ( CHPT ) shares popped past 9%. The company said it's launching its Omni Port product, which...
Sector Update: Health Care
Sector Update: Health Care
Aug 8, 2024
01:51 PM EDT, 08/08/2024 (MT Newswires) -- Health care stocks were higher Thursday afternoon, with the NYSE Health Care Index gaining 2.1% and the Health Care Select Sector SPDR Fund (XLV) rising 2%. The iShares Biotechnology ETF (IBB) climbed 2.6%. In corporate news, Eli Lilly ( LLY ) shares jumped 8.4%. The company lifted its full-year outlook on Thursday after...
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Skye Bioscience to Track Sleep Activity in Phase 2 Trial of Obesity Drug
Skye Bioscience to Track Sleep Activity in Phase 2 Trial of Obesity Drug
Jul 24, 2024
03:39 PM EDT, 07/24/2024 (MT Newswires) -- Skye Bioscience ( SKYE ) is partnering with privately held Beacon Biosignals for devices to monitor brain activity during sleep in some of the participants in an upcoming trial of prospective obesity medication, Beacon said Wednesday. Skye Bioscience ( SKYE ) said separately it will begin screening participants for a phase 2 trial...
Why Bausch health Shares Are Falling Today
Why Bausch health Shares Are Falling Today
Jul 24, 2024
Bausch Health Companies Inc. ( BHC ) is experiencing a sharp decline in its stock price Wednesday. The drop was triggered by a report suggesting the company is negotiating a potential prepackaged Chapter 11 bankruptcy with co-op creditor. The company later issued a statement, firmly denying any discussions related to bankruptcy or insolvency proceedings. What Happened: The initial report from...
Weekly Crude Inventories Drop More Than Expected
Weekly Crude Inventories Drop More Than Expected
Jul 24, 2024
04:02 PM EDT, 07/24/2024 (MT Newswires) -- Commercial crude stockpiles in the US fell more than forecast last week, with gasoline posting a sizable draw, government data showed Wednesday. Inventories of crude, excluding the strategic petroleum reserve, declined by 3.7 million barrels to 436.5 million barrels through the week ended July 19, the Energy Information Administration said. The consensus was...
Hanesbrands Seen Facing Stock Volatility After Champion Brand Sale, UBS Says
Hanesbrands Seen Facing Stock Volatility After Champion Brand Sale, UBS Says
Jul 24, 2024
03:35 PM EDT, 07/24/2024 (MT Newswires) -- Hanesbrands' ( HBI ) 2024 guidance, excluding its Champion brand's 30% sales contribution, probably will spur stock price volatility, UBS Securities said Wednesday in a report. We anticipate Hanesbrands ( HBI ) will give new retroactive financials removing Champion's results so investors can compare current trends to prior periods on a like-for-like basis,...
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These Altcoins Bleed Out as Bitcoin (BTC) Slips Toward $102K (Market Watch)
These Altcoins Bleed Out as Bitcoin (BTC) Slips Toward $102K (Market Watch)
Jan 23, 2025
Bitcoins price movements worsened in the past 24 hours as the asset lost the $105,000 level and dropped by about three grand. The altcoins have also turned red on a daily scale, with ETH sliding to $2,300, DOGE dropping to $0.35, and ADA losing the $1 level. BTC Slips The weekend went quite favorably for the primary cryptocurrency, as its...
Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead
Bitcoin Price Analysis: Warning Signs of a BTC Correction Ahead
Jan 23, 2025
Bitcoin’s price is currently teasing with investors, as it is struggling to sustain its rally above the $100K resistance level and could even be on the verge of a short-term correction. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been making higher highs and lows since rebounding from the $92K level. While...
Peter Schiff on Bitcoin: ‘It’s Just a Meme Coin’ – Fact or Fiction?
Peter Schiff on Bitcoin: ‘It’s Just a Meme Coin’ – Fact or Fiction?
Jan 22, 2025
Some brief context: Bitcoin burst up from glances of support at the $92,500 and $93,000 levels earlier this month. On Wednesday, Jan. 15th, the worlds first cryptocurrency flew over $100,000 in daily spot prices for the fourth time since December. This time, BTC may stay above medium-term support for the $100,000 mark. Strong whale moves in the old Satoshi blockchains...
XRP Lawyer John Deaton: Meme Coins Threaten Crypto’s Legitimacy
XRP Lawyer John Deaton: Meme Coins Threaten Crypto’s Legitimacy
Jan 23, 2025
Deaton is a Massachusetts attorney who made a big name for himself in crypto markets after founding CryptoLaw. Its a crypto news website with an extensive library of official documents related to cryptocurrency cases in US courts. The crypto activist recently warned that meme coins like the new TRUMP tokens that have been going around may threaten cryptocurrencys public relations...
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