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Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
Australian inflation beats estimates in April
Australian inflation beats estimates in April
May 28, 2025
Australias consumer prices rose 2.4% y/y in April, beating estimates of 2.3%, and same as the previous reading. The data showcases the impact of inflationary pressures on Australian monetary policymakers, and huts the odds of an Australian rate cut in July. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP...
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Sector Update: Health Care
Sector Update: Health Care
May 26, 2025
01:39 PM EDT, 05/13/2025 (MT Newswires) -- Health care stocks were lower Tuesday afternoon, with the NYSE Health Care Index falling 2.6% and the Health Care Select Sector SPDR Fund (XLV) dropping 2.3%. The iShares Biotechnology ETF (IBB) shed 1.5%. In corporate news, UnitedHealth ( UNH ) suspended its full-year outlook on Tuesday amid higher-than-expected medical costs, while Andrew Witty...
Sector Update: Tech
Sector Update: Tech
May 26, 2025
01:39 PM EDT, 05/13/2025 (MT Newswires) -- Tech stocks rose Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 2.4% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.8%. The Philadelphia Semiconductor Index jumped 3.3%. In sector news, President Donald Trump said Saudi Arabia committed to invest $600 billion in the US with an initial focus on energy,...
Crude Oil Gains 3%; US Inflation Eases In April
Crude Oil Gains 3%; US Inflation Eases In April
May 26, 2025
U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 200 points on Tuesday. The Dow traded down 0.49% to 42,203.63 while the NASDAQ gained 1.74% to 19,033.50. The S&P 500 also rose, gaining, 0.86% to 5,894.52. Check This Out: Top 2 Materials Stocks That May Keep You Up At Night In May Leading and Lagging...
Exchange-Traded Funds Rise, US Equities Mixed After Midday
Exchange-Traded Funds Rise, US Equities Mixed After Midday
May 26, 2025
01:20 PM EDT, 05/13/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.7%. US equity indexes traded mixed after midday Tuesday as April consumer prices rose less than forecast and annual inflation eased to the lowest since February 2021. Energy IShares US Energy ETF (IYE) and...
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T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
Nov 15, 2024
(Reuters) - T-Mobile's network was among the systems hacked in a damaging Chinese cyber-espionage operation that successfully gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. ...
Taiwan central bank chief doubts Trump administration will penalise Taiwan
Taiwan central bank chief doubts Trump administration will penalise Taiwan
Nov 15, 2024
TAIPEI, Nov 14 (Reuters) - The head of Taiwan's central bank said on Thursday that he doubted that U.S. President-elect Donald Trump's new administration would penalise Taiwan given the island's central role in the semiconductor industry. Trump unnerved Taiwan on the campaign trail by accusing it of stealing American chip business. Trump also proposed a 10% tariff on all U.S....
China's second mass attack in a week spurs soul-searching
China's second mass attack in a week spurs soul-searching
Nov 17, 2024
WUXI, China (Reuters) -A former student went on a stabbing rampage at a vocational college in eastern China, killing eight people and injuring 17, police said on Sunday, prompting further soul-searching just days after the deadliest attack in the country in a decade. Saturday's knife attack took place at the Wuxi Vocational College of Arts and Technology in Yixing, part...
T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports
Nov 15, 2024
Nov 15 (Reuters) - T-Mobile's network was among the systems hacked in a damaging Chinese cyber-espionage operation that successfully gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. ...
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Moderna cancels plans to build Japan plant on poor business environment
Moderna cancels plans to build Japan plant on poor business environment
Jul 18, 2025
July 18 (Reuters) - Moderna ( MRNA ) said on Friday it is cancelling plans to build a messenger RNA manufacturing plant in Japan due to changes in the business environment around the world and in Japan. ...
Chevron prevails in mediation over Exxon in Guyana oil assets, CNBC reports
Chevron prevails in mediation over Exxon in Guyana oil assets, CNBC reports
Jul 18, 2025
HOUSTON (Reuters) -Chevron ( CVX ) will proceed with its $53 billion acquisition of Hess, CNBC reported on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil ( XOM ) to gain access to the largest oil discovery in decades. Shares of Chevron ( CVX ) were up 2.5% in premarket trading, with Hess gaining...
Analysis-US airlines reap rewards from premium travel strategy amid demand slump
Analysis-US airlines reap rewards from premium travel strategy amid demand slump
Jul 18, 2025
CHICAGO (Reuters) -U.S. airlines doubled down on high-end travel after the pandemic to drive up profits and reduce their vulnerability to economic swings. The strategy is paying off as the margins of carriers selling premium seats have held up despite a slump in overall travel demand. Strong demand from affluent travelers is helping airlines offset a pullback in spending by...
Chevron prevails in mediation over Exxon in Guyana oil assets, CNBC reports
Chevron prevails in mediation over Exxon in Guyana oil assets, CNBC reports
Jul 18, 2025
HOUSTON, July 18 (Reuters) - Chevron ( CVX ) will proceed with its $53 billion acquisition of Hess, CNBC reported on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil ( XOM ) to gain access to the largest oil discovery in decades. It is vindication for CEO Mike Wirth's strategy and a critical win...
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Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Mar 22, 2024
Cardano (ADA) is showing strong growth in smart contract development. Since the beginning of the year, the number of Plutus scripts on the Cardano network, including Plutus V1 and V2, has surged by 171.45%,  At this pace, the Cardano network is adding nearly 500 new smart contracts daily. According to data from Cardano Blockchain Insights, the network has achieved 39,000...
Solana Flips Ethereum: Captures Nearly Half of Global Crypto Investor Interest: Report
Solana Flips Ethereum: Captures Nearly Half of Global Crypto Investor Interest: Report
Mar 22, 2024
Solana (SOL) has become the most popular blockchain ecosystem in 2024, capturing nearly 50% of global crypto investor interest in chain-specific narratives, according to a recent report by crypto data aggregator CoinGecko. The report follows the accelerated resurgence of SOL this year, currently at $177 and getting closer to its 2021 highs. Another reason behind Solana’s massive traction is the...
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Mar 22, 2024
The cryptocurrency market has failed to recover as swiftly as many expected it to, and Bitcoins price seems to be struggling to break above $66K definitively. Most of the altcoins are also trading in the red, with two notable exceptions. Bitcoin Fails at $66K As seen in the chart below, Bitcoins price was unable to retain its bullish momentum that...
Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Mar 22, 2024
Phishing scams have wreaked havoc in the digital asset ecosystem and are making a comeback amidst market-wide recovery. These attacks have grown increasingly sophisticated, leading to high-profile crypto investors, whales, and prominent industry figures becoming victims, ultimately resulting in substantial financial losses. In its latest update on March 21st, CertiK identified a deposit of 3,700 ETH into Tornado Cash on...
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