The Reserve Bank of New Zealand (RBNZ) announced its interest rate decision on Wednesday morning following its October 8 meeting, cutting the official cash rate by 50 basis points to a range of 2.50% the lowest level since July 2022. The move exceeded market expectations, which had projected a 25-basis-point cut, marking the eighth rate reduction since the central bank...

The New Zealand dollar fell broadly on Wednesday against a basket of major and minor currencies, extending its losses for a second consecutive session against the US dollar and hitting a six-month low amid heavy selling pressure following a dovish Reserve Bank of New Zealand (RBNZ) meeting. Defying market expectations, the RBNZ cut interest rates by 50 basis points to...

The US dollar rose against most major currencies on Wednesday, climbing alongside gold in a broad risk-off rally, while both the euro and yen came under pressure. The US government shutdown entered its second week as Republicans and Democrats continued to prioritize potential political gains over resolving the underlying disputes. Some faint calls for renewed negotiations on healthcare-related issues have...

The euro fell in the European market on Tuesday against a basket of global currencies, extending its losses for the second consecutive session against the US dollar and nearing a two-week low recorded in the previous session, following stunning political developments in France, the eurozones second-largest economy. French Prime Minister Sbastien Lecornu and his cabinet resigned on Monday, just hours...

(Updates at 1238 GMT after US CPI data) By Samuel Indyk and Alun John LONDON, May 15 (Reuters) - Euro zone bond yields dropped on Wednesday after U.S. consumer prices increased by less than expected in April. The U.S. consumer price index rose 0.3% last month after advancing 0.4% in March and February, the Labor Department's Bureau of Labor Statistics...

08:53 AM EDT, 05/15/2024 (MT Newswires) -- Health care stocks were mixed pre-bell Wednesday with the Health Care Select Sector SPDR Fund (XLV) recently inactive and the iShares Biotechnology ETF (IBB) up 0.6%. Arcutis Biotherapeutics ( ARQT ) rallied past 16% after the company reported a narrower loss and higher revenue in Q1. ...

08:50 AM EDT, 05/15/2024 (MT Newswires) -- Technology stocks were advancing pre-bell Wednesday as the Technology Select Sector SPDR Fund (XLK) was up 0.4% and the SPDR S&P Semiconductor ETF (XSD) was 1.2% higher recently. Monday.com ( MNDY ) rose past 19% after it reported higher Q1 non-GAAP earnings and revenue. ...

The Nasdaq 100 closed higher by more than 100 points on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making...

C3.ais stock price (AI) rose in latest intraday trading amid positive signals from the Stochastic, and with the dominance of the upward correctional trend in the short term, with dynamic support due to trading above the 50-day SMA, bolstering the upward trend. Therefore we expect the stock to rise and target the pivotal resistance of $30.24, provided the support of...

Arista Networks stock price (ANET) returned higher in latest intraday trading, confirming the breach of the pivotal resistance of $98.80, amid the dominance of the upward correctional trend in the short term, with ongoing positive pressure due to trading above the 50-day SMA, coupled with positive signals from the Stochastic despite reaching overbought levels. Therefore we expect more gains for...

Delta Airlines stock price (DAL) fell in latest intraday trading, as the price tries to gather positive momentum to rise anew, amid the dominance of the upward correctional trend in the short term, with dynamic support due to trading above the 50-day SMA, coupled with positive signals from the Stochastic after reaching oversold levels. Therefore we expect the price to...

SOL/USD price fell in latest intraday trading while seeking a bottom to bounce it higher and provide positive momentum to recover, with the price leaning on the upward correctional trend line in the short term, while leaning on the support of the 50-day SMA, coupled with positive signals from the Stochastic after reaching oversold levels. Therefore we expect the price...

British politics is abuzz with musical chairs like excitement. PM Rishi Sunak, who had to remove his outspoken interior minister Suella Braverman for her article on a pro-Palestine march in UK, has brought ex-PM David Cameron — who had lost the top job over Brexit — back into the fresh equation.

The investigation moving forward would be the most productive thing that can happen now, according to Blinken's statement.

India-Canada Tension: While BookMyShow's official statement did not explicitly state the reason behind the cancellation, it confirmed that 'singer Shubneet Singh's Still Rollin Tour for India stands cancelled.' It assured all ticket holders that their money would be refunded in 7-10 working days.

Besides Clapton, Alicia Silverstone, Rob Schneider and Woody Harrelson (who later retracted) have publicly supported RFK Jr, who reportedly said COVID-19 may just be 'ethnically targeted.' The virus targets Caucasians and Black people while sparing Ashkenazi Jewish people and Chinese people, he said at a New York dinner.

By Andrea Shalal WASHINGTON (Reuters) - Jamieson Greer, President Donald Trump's nominee for U.S. trade representative, will argue for a pragmatic U.S. trade policy focused on rebuilding U.S. manufacturing and shoring up supply chains in his Senate confirmation hearing on Thursday. Greer, a trade lawyer and veteran of Trump's first-term trade war against China, will tell members of the Senate...

05:01 AM EST, 02/06/2025 (MT Newswires) -- (Updates with latest stock move in last paragraph.) Phoenix Motor ( PEV ) said Thursday it has launched an initiative to design and develop a fleet of autonomous electric vehicles for the food and beverage delivery industry as part of a partnership with a California food delivery firm. Financial terms were not disclosed....

(Reuters) - U.S lawmakers plan to introduce a bill on Thursday that would ban DeepSeek's chatbot application from government-owned devices, the Wall Street Journal reported on Thursday. ...

05:01 AM EST, 02/06/2025 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) is eliminating its diversity hiring targets and reviewing DEI programs, media outlets reported Wednesday. Google ( GOOG ) said Wednesday in an email to employees that it would no longer establish hiring goals to improve representation among staff, The Wall Street Journal reported. In 2020, the...

Founded in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal and Mihailo Bjelic as a secondary scaling solution for the Ethereum blockchain, Polygon is building a suite of scaling solutions.

The Discovery Fund aims to identify and empower entrepreneurs and early-stage startups to leverage the potential of cryptocurrencies to address real-world problems.

Chingari has raised $19 million to offer cryptocurrency as a means of monetisation for creators and users on its platform.

There were several important developments in the startup space during the day on Monday. Here are the top stories that made headlines in the startup universe.