financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
US dollar recovers from Trump-Powell drama
US dollar recovers from Trump-Powell drama
Jul 17, 2025
The US dollar recovered during Thursdays trading after President Donald Trump dismissed fresh rumors of his intent to fire Federal Reserve Chair Jerome Powell. Meanwhile, a strong earnings season helped end a four-day losing streak for European stock markets. The pan-European Stoxx 600 index (.STOXX) opened notably higher, supported by record order volumes announced by Swiss engineering giant ABB, and...
Aussie tumbles to three-week trough after grim jobs data
Aussie tumbles to three-week trough after grim jobs data
Jul 17, 2025
The Australian dollar slid to a three-week low against its US counterpart in Asian trading on Thursday, as open selling accelerated following gloomy labor market data out of Australia. The data showed that the country's unemployment rate rose to its highest level in three and a half years, with fewer jobs added than expected in June. This marked the latest...
Could natural hydrogen reserves feed the entire Earth for centuries?
Could natural hydrogen reserves feed the entire Earth for centuries?
Jul 16, 2025
Researchers from three prestigious universities Durham, Oxford, and Toronto have published a new scientific paper offering guidance for exploring underground hydrogen deposits, claiming that the planets reserves could, in theory, meet all energy needs for many years to come to such an extent that the figure cited might seem like fanciful exaggeration if repeated. (See: Ballentine, et. al. Natural hydrogen...
What would happen if Trump sacked Powell?.. Analysts warn: It'll be chaotic
What would happen if Trump sacked Powell?.. Analysts warn: It'll be chaotic
Jul 17, 2025
In a new research memo outlining potential scenarios if President Donald Trump were to fire Federal Reserve Chair Jerome Powell, analysts warned that regardless of how events unfold, it would be chaotic. Tobias Marcus and Chutong Zhu of Wolfe Research wrote in a client note: We expect, as most do, that the outcome would be sharply negative for markets, including...
World >
Market >
Sector Update: Tech
Sector Update: Tech
Mar 31, 2026
01:03 PM EDT, 03/31/2026 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 4.9%. The Philadelphia Semiconductor index popped 4.6%. In corporate news, Nvidia ( NVDA ) has invested $2 billion in Marvell Technology ( MRVL ) as...
Exchange-Traded Funds Rise as US Equities Advance After Midday
Exchange-Traded Funds Rise as US Equities Advance After Midday
Mar 31, 2026
01:16 PM EDT, 03/31/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 2.6%. US equity indexes rose after midday trading on Tuesday amid hopes of a de-escalation in the Iran war. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each fell...
Sector Update: Financial
Sector Update: Financial
Mar 31, 2026
01:14 PM EDT, 03/31/2026 (MT Newswires) -- Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.8%. The Philadelphia Housing Index was climbing 1.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.5%. Bitcoin (BTC-USD) was increasing 1.5%...
Sector Update: Health Care
Sector Update: Health Care
Mar 31, 2026
01:01 PM EDT, 03/31/2026 (MT Newswires) -- Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index adding 1.9% and the State Street Health Care Select Sector SPDR ETF (XLV) up 1.3%. The iShares Biotechnology ETF (IBB) climbed 3.8%. In corporate news, Eli Lilly ( LLY ) on Tuesday agreed to buy UK-based Centessa Pharmaceuticals ( CNTA )...
Environment >
Technology >
Personal Finance >
Politics >
Retail >
Business >
Mosaic expects phosphate and potash demand to return in second half of 2024
Mosaic expects phosphate and potash demand to return in second half of 2024
Aug 7, 2024
Aug 7 (Reuters) - Fertilizer maker Mosaic expects global phosphate and potash demand to rebound in the second half of 2024, driven by regions such as Asia and Brazil. The annual global phosphate sales are projected to be between 73 million to 76 million tons, while potash sales are expected to range from 70 million to 73 million tons, the...
Jefferies Seeks Review of Weiss Insider Payments, Block Credit Line Bid
Jefferies Seeks Review of Weiss Insider Payments, Block Credit Line Bid
Aug 7, 2024
02:19 PM EDT, 08/07/2024 (MT Newswires) -- Jefferies Financial Group ( JEF ) filed a motion seeking an independent review to determine if Weiss Multi-Strategy Advisers made any additional, potentially voidable payments to insiders two years before filing for bankruptcy. The motion follows an earlier request by Weiss to appoint an independent examiner to review decisions regarding employee bonuses before...
VF's Fiscal Q1 'Not As Bad as Feared' as Debt Concerns Linger, Wedbush Says
VF's Fiscal Q1 'Not As Bad as Feared' as Debt Concerns Linger, Wedbush Says
Aug 7, 2024
02:07 PM EDT, 08/07/2024 (MT Newswires) -- VF's (VFC) fiscal Q1 results were not as bad as feared, while management still has work to do on the balance sheet, Wedbush Securities said Wednesday in a report. VF reported a fiscal Q1 adjusted loss Tuesday of $0.33 a share versus Wall Street's expectations for a loss of $0.37. Revenue in the...
Elon Musk's Vision For X Everything App Advances: Could Dogecoin Skyrocket With Payments Launch?
Elon Musk's Vision For X Everything App Advances: Could Dogecoin Skyrocket With Payments Launch?
Aug 7, 2024
Billionaire Elon Musk has been vocal about his plan to turn social media platform X into an everything app that includes payments, since acquiring the company for $44 billion in 2022. The plan could be closer to reality according to a new report and commentary from X CEO Linda Yaccarino. What Happened: Formerly known as Twitter, the X social media...
Economy >
Cryptocurrency >
Ripple CLO Criticizes US Regulators for Using Crypto as Scapegoat in Money Laundering Scandals
Ripple CLO Criticizes US Regulators for Using Crypto as Scapegoat in Money Laundering Scandals
Sep 11, 2024
Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has slammed U.S. regulators for unfairly targeting the cryptocurrency industry in money laundering investigations while allowing traditional banks to slip under the radar. In a recent X post, Alderoty pointed to the New York Federal Reserve’s reported role in enabling large-scale illicit transfers, including those tied to terrorist groups, as evidence that crypto...
These Factors Suggest Bitcoin’s (BTC) Bull Run Is Just Getting Started: CQ
These Factors Suggest Bitcoin’s (BTC) Bull Run Is Just Getting Started: CQ
Sep 11, 2024
Bitcoins price tumbled below $50,000 at the start of August and to under $53,000 at the beginning of September, which is historically a bad month for the asset. However, it managed to bounce off, and certain factors provide a more optimistic perspective about the upcoming months in terms of price action for the largest digital asset. Declining Exchange Reserves CryptoQuants...
Shiba Inu FUD Reaches a ‘Tremendous’ Level as This SHIB Indicator Plummets to a 22
Shiba Inu FUD Reaches a ‘Tremendous’ Level as This SHIB Indicator Plummets to a 22
Sep 11, 2024
TL;DR The number of small Shiba Inu (SHIB) holders has significantly decreased, reflecting high levels of Fear, Uncertainty, and Doubt (FUD). Despite the current bearish sentiment, factors such as a shift to self-custody and an increase in SHIBs burn rate could potentially drive a future price uptrend. Small Players Leave the Ecosystem The popular meme coin Shiba Inu (SHIB) has...
India Leads 2024 Crypto Adoption Index Despite High Tax Rate
India Leads 2024 Crypto Adoption Index Despite High Tax Rate
Sep 11, 2024
India has again ranked as the leading country with local investors adopting crypto. The latest metric comes despite the government’s continuous efforts to discourage digital asset adoption. According to Chainalysis’ latest research, seen by CryptoPotato, India also led last year’s Crypto Adoption Index. India Leads Crypto Adoption The study ranked global countries based on their engagements with centralized services, retail...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved