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Aussie is worst performing currency after RBA rate cut
Aussie is worst performing currency after RBA rate cut
May 25, 2025
The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...
Aussie hits one-week high after strong wages data
Aussie hits one-week high after strong wages data
May 25, 2025
The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...
Aussie drops after wages data
Aussie drops after wages data
May 25, 2025
The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...
Aussie rallies to five-month high after Labor's election win
Aussie rallies to five-month high after Labor's election win
May 25, 2025
The Australian dollar rallied in Asian trade on Monday to a five-month high against the US dollar, expanding gains for the second straight session and on track towards 65 cents. It comes after a historic win by the governing Labor Party, which bolsters the governments position towards growing global trade risks from Trumps tariffs. The Price The AUD/USD price rose...
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Kang moves to take control of Olympique Lyonnais owner EFG for $30 million
Kang moves to take control of Olympique Lyonnais owner EFG for $30 million
Jun 23, 2026
June 23 (Reuters) - Sports businesswoman Michele Kang, who has been the chair and CEO of Eagle Football Group, has offered to pay $30 million for an 88% stake in a deal which also includes €71 million ($81 million) in financing aimed at restructuring the debt of the owner of French soccer club Olympique Lyonnais. * Kang offered to buy...
Penguin Solutions Designated as Nvidia AI Factory Specialized Partner
Penguin Solutions Designated as Nvidia AI Factory Specialized Partner
Jun 23, 2026
12:03 PM EDT, 06/23/2026 (MT Newswires) -- Penguin Solutions ( PENG ) said Tuesday it has become an Nvidia ( NVDA ) AI Factory Specialized Partner, an invitation-only specialization within Nvidia's ( NVDA ) partner network. The company said the designation recognizes its capabilities in designing, building, deploying, and operating full-stack AI factory infrastructure for enterprise and hyperscale customers. Price:...
Sonos Partners With Skoda on Audio System for Peaq EV
Sonos Partners With Skoda on Audio System for Peaq EV
Jun 23, 2026
12:01 PM EDT, 06/23/2026 (MT Newswires) -- Sonos ( SONO ) said Tuesday it will be the audio partner for Skoda's new electric vehicle, Skoda Peaq. Sonos ( SONO ) said its sound system will be available as part of the optional Relax Package and was custom-tuned for the vehicle's cabin. Price: 14.32, Change: -0.01, Percent Change: -0.03 ...
 China outpacing Europe in drug innovation and development, Pfizer executive says
 China outpacing Europe in drug innovation and development, Pfizer executive says
Jun 23, 2026
BRUSSELS, June 23 (Reuters) - China has pulled ahead of Europe in pharmaceutical innovation and drug development, a senior Pfizer ( PFE ) executive said on Tuesday. China has become a major source of new medicines and clinical research, reshaping the global pharmaceutical-industry landscape, Pfizer ( PFE ) Chief International Commercial Officer Alexandre de Germay said at an event hosted...
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Bitcoin Price Prediction: What’s the Next Target and is a Liquidity Crisis Coming?
Bitcoin Price Prediction: What’s the Next Target and is a Liquidity Crisis Coming?
Mar 15, 2024
The price of Bitcoin (BTC) has reached new all-time highs much faster than analysts had expected. A substantial upswing kicked off a few weeks after the approval of the Bitcoin Spot ETF. BTC started the week with an intense burst of volatility, as it topped $73K, tumbled to $69K, and then climbed its way back above $70K — all in...
Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?
Will Bitcoin Enter The Danger Zone as Fed Rate Decision Looms ?
Mar 18, 2024
“Its officially Fed week, the week weve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the USs economic outlook going forward. Key Events This Week: 1. Housing Starts data Tuesday 2. Fed Interest Rate Decision Wednesday...
US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near
US Dollar Closes in on Resistance, GBP/USD Testing Support, Interest Rate Decisions Near
Mar 15, 2024
US Dollar Price, Analysis, and Charts Major central bank policy decisions next week.US dollar index nears a cluster of resistance points.British Pound edging lower ahead of UK inflation report. Recommended by Nick Cawley Building Confidence in Trading The latest US PPI report showed that wholesale inflation remains sticky, denting the recent disinflation story. US y/y inflation rose 1.6% in February,...
US SEC Charges 17 in $300M Crypto Ponzi Scheme
US SEC Charges 17 in $300M Crypto Ponzi Scheme
Mar 18, 2024
The United States Securities and Exchange Commission (SEC) has charged 17 individuals for allegedly perpetrating a cryptocurrency Ponzi scheme that defrauded thousands of Latino investors in the country for approximately $300 million. According to an official release from the regulator, the alleged fraudsters operated under a company named CryptoFX LLC, which is based in Houston, Texas. SEC Charges 17 For...
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