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...

The Federal Reserve warned against increasing economic risks when it decided to hold interest rates unchanged in May. Fed Chair Jerome Powell focused on uncertainty for the worlds largest economy following Trumps aggressive tariff decisions during his post-Fed meeting speech this month. Now markets expect two interest rate cuts overall this year, with some even thinking that this is overly...

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,...

The US dollar rose in European trade on Tuesday for the first time in three sessions against a basket of major rivals, as it tries to recover from five-week lows on short-covering. Now traders await important US data later today to assess the odds of future Fed rate cuts. The Index The dollar index rose 0.5% to 99.44, with a...

08:33 AM EDT, 05/09/2024 (MT Newswires) -- Cronos Group ( CRON ) was last seen up 3.9% in premarket Nasdaq trading after the company on Thursday said its first-quarter loss narrowed on higher sales. The cannabis producer said it lost US$2.94 million, or US$0.01 per share, in the period, compared with a loss of US$19.17 million, or US$0.05, in the...

08:52 AM EDT, 05/09/2024 (MT Newswires) -- Health care stocks were flat to higher pre-bell Thursday, with the iShares Biotechnology ETF (IBB) inactive and the Health Care Select Sector SPDR Fund (XLV) each up 0.1% recently. Stevanato Group (STVN) was down more than 11% after it reported lower Q1 adjusted earnings and revenue. The company also lowered its full-year outlook...

08:49 AM EDT, 05/09/2024 (MT Newswires) -- Technology stocks were steady premarket Thursday, with the Technology Select Sector SPDR Fund (XLK) and SPDR S&P Semiconductor ETF (XSD) each recently inactive. EPAM Systems ( EPAM ) fell more than 22% after it reported lower Q1 adjusted earnings and revenue. The company also lowered its full-year revenue outlook. ...

09:04 AM EDT, 05/09/2024 (MT Newswires) -- Energy stocks were advancing premarket Thursday, with the Energy Select Sector SPDR Fund (XLE) up 0.1% recently. The United States Oil Fund (USO) was 0.6% higher, and the United States Natural Gas Fund (UNG) was up 0.9%. Front-month US West Texas Intermediate crude oil was up 0.7% at $79.56 per barrel at the...

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

Karnataka Chief Minister Siddaramaiah, this policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector.

According to Google, the use of artificial intelligence (AI) by developers to build and offer enhanced user experiences emerged as one of the top innovation trends in apps and games. Several of the local developers on the list have even integrated AI into their offerings.

Shahabad Election Result 2022 LIVE Updates: Get latest and updated vote counting result of Shahabad constituency of Uttar Pradesh including leads, election results, candidates, vote margin news.

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The mid-tier IT company recently crossed $1 billion in annual revenue. Shares of Persistent Systems Ltd ended at Rs 5,050.80, down by Rs 88.35, or 1.72 percent on the BSE.

Designated YES Bank employees, team members of contractual managed service providers, third-party vendors, and authorised consultants, regulators, government officials, auditors, and stakeholders will have access to these critical information infrastructure systems on a need-to-case basis, as mandated by the Ministry.

Despite geopolitical tensions between India and China, the President of Xiaomi India, Muralikrishnan B, mentions that Xiaomi's business in India remained unaffected, and the company continued its operations without any significant impact.

The MoU signed by India AI and Meta India aims to establish a framework for collaboration and cooperation in the field of artificial intelligence (AI) and emerging technologies, including making Meta's open-source AI models available for use by the Indian ecosystem.

Following the Friday price slip and the calm weekend, bitcoins price has recovered to roughly $110,000 after US President Trump paused the tariffs against the EU, which were supposed to start from June 1. The altcoins have turned green as well, and HYPE continues to lead the larger caps following yet another new all-time high at almost $40 today. BTC...

Bitcoin’s current rally may only be warming up, with market watchers predicting a potential surge to $162,000 by mid-June, largely driven by short-term holders approaching a critical profit threshold. According to Axel Adler Jr., Bitcoin’s Net Unrealized Profit/Loss (NUPL) for those who’ve held the cryptocurrency for a maximum of three months sits at 27%. The Short-Term Holder Catalyst In a...

TL;DR Charles Hoskinson weighed in on the rumored multi-billion-dollar bidding war between Ripple and Coinbase for stablecoin issuer Circle. He also revealed ongoing talks to bring Ripple’s RLUSD to Cardanos ecosystem. Hoskinsons Choice In a recent video on YouTube, Cardanos founder claimed that such an acquisition would make the crypto space better. Hoskinson also argued that the Coinbase-a16z-Circle mafia has...

Bitcoin clawed back losses on Monday, rising to nearly $110,000 after US President Donald Trumps unexpected EU tariff announcement rattled markets over the weekend. A key technical pattern has now emerged, which could potentially hint at the next major move in the cryptocurrencys ongoing price trend. Bitcoins Double Bottom Formation Bitcoin may be on track to reach $112,000 following the...