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Euro edges up ahead of busy day in US markets
Euro edges up ahead of busy day in US markets
Jun 12, 2024
Euro rose in European trade on Wednesday for the first time in four sessions against the US dollar away from recent-six week lows, with the pair still under pressure from mounting EU political risks. The euro is taking a stand ahead of a busy day in US markets with many events that will impact trends worldwide. The Price The EUR/USD...
Dollar gives up five-week high ahead of inflation data, Fed's decisions
Dollar gives up five-week high ahead of inflation data, Fed's decisions
Jun 12, 2024
The dollar fell in European trade on Wednesday against a basket of major rivals, giving up five-week highs and on track for the first loss in four days on active profit-taking, while US 10-year treasury yields slowed down. The decline comes ahead of an important and busy day in US markets, with US inflation data and policy decisions by the...
US Dollar Eyes CPI Data and FOMC Policy Release, Dot Plot Key Indicator
US Dollar Eyes CPI Data and FOMC Policy Release, Dot Plot Key Indicator
Jun 12, 2024
US Dollar Eyes CPI Data and FOMC Policy Release, Dot Plot Key Indicator US inflation is likely to remain uncomfortably sticky for the Fed.Will Fed officials pencil in one or two rate cuts this year? Recommended by Nick Cawley Trading Forex News: The Strategy Risk markets are opening the session slightly better bid, but moves are expected to be limited...
Fed holds interest rates unchanged, but expects a single rate cut in 2024
Fed holds interest rates unchanged, but expects a single rate cut in 2024
Jun 12, 2024
The Federal Reserve announced a decision to maintain interest rates unchanged between 5.25% and 5.5% at the June 11-12 meeting, maintaining them at 23-year highs. The Feds policy statement explains that the Federal Open Market Committee considers the risks facing achieving better employment and inflation goals are moving towards a better balance, but the economic outlook remains uncertain. More crucially,...
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Exchange-Traded Funds Slip, US Equities Mixed After Midday Trading
Exchange-Traded Funds Slip, US Equities Mixed After Midday Trading
Jan 13, 2025
01:07 PM EST, 01/13/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower on Monday. Actively traded Invesco QQQ Trust (QQQ) fell 0.9%. US equity indexes traded mixed as the so-called Magnificent-7 took a beating, pushing the S&P 500 and the Nasdaq Composite lower. Energy iShares US Energy ETF (IYE) rose 1.5% and Energy Select...
US Benchmark Stock Indexes Mixed as Magnificent 7 Stocks Decline
US Benchmark Stock Indexes Mixed as Magnificent 7 Stocks Decline
Jan 13, 2025
01:41 PM EST, 01/13/2025 (MT Newswires) -- US benchmark stock indexes were mixed as the so-called Magnificent 7 group of stocks declined after midday on Monday, helping send the S&P 500 and the Nasdaq Composite lower. The tech-heavy Nasdaq dropped 0.8% to 19,016.9, and the S&P 500 fell 0.1% to 5,819.5. Both indexes were off their session lows. The Dow...
Why BioNTech (BNTX) Shares Are Volatile Today
Why BioNTech (BNTX) Shares Are Volatile Today
Jan 13, 2025
Shares of BioNTech SE ( BNTX ) – ADR fell 5.7% to $115.84 on Monday, part of a broader decline in vaccine stocks triggered by Moderna's updated revenue guidance for 2025, which fell below analyst expectations. What To Know: Moderna, whose stock plunged 23% Monday morning, projected revenues of $1.5 billion to $2.5 billion, well short of the $2.95 billion...
US Equity Indexes Mixed as Magnificent-7 Stocks Decline Amid Gains in Treasury Yields
US Equity Indexes Mixed as Magnificent-7 Stocks Decline Amid Gains in Treasury Yields
Jan 13, 2025
12:24 PM EST, 01/13/2025 (MT Newswires) -- US equity indexes traded mixed as the so-called Magnificent-7 took a beating, pushing the S&P 500 and the Nasdaq Composite lower. The tech-heavy Nasdaq dropped 1.2% to 18,939.1, and the S&P 500 fell 0.5% to 5,799.2. The Dow Jones Industrial Average rose 0.3% to 42,084.3. Technology and utilities led the steepest decliners while...
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New AI benchmark tests speed of responses to user queries
New AI benchmark tests speed of responses to user queries
Mar 27, 2024
SAN FRANCISCO (Reuters) - Artificial intelligence benchmarking group MLCommons on Wednesday released a fresh set of tests and results that rate the speed at which top-of-the-line hardware can run AI applications and respond to users. The two new benchmarks added by MLCommons measure the speed at which the AI chips and systems can generate responses from the powerful AI models...
Factbox-How companies are responding to attacks on ships in the Red Sea
Factbox-How companies are responding to attacks on ships in the Red Sea
Mar 27, 2024
(Reuters) - Companies are responding to disruptions to shipping on the shortest route between Europe and Asia. Attacks in the Red Sea region by Houthi militants in Yemen have prompted several shipping companies to reroute vessels. Below are details on how companies in various sectors are responding: AUTOS ** GEELY: China's second-largest automaker by sales, said on Dec. 22 its...
Smart Money Is Betting Big In NOW Options
Smart Money Is Betting Big In NOW Options
Mar 27, 2024
Financial giants have made a conspicuous bullish move on ServiceNow ( NOW ). Our analysis of options history for ServiceNow ( NOW ) revealed 12 unusual trades. Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $416,626, and 4...
Microsoft's Options Frenzy: What You Need to Know
Microsoft's Options Frenzy: What You Need to Know
Mar 27, 2024
Whales with a lot of money to spend have taken a noticeably bearish stance on Microsoft ( MSFT ). Looking at options history for Microsoft ( MSFT ) we detected 31 trades. If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish. From...
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Newsletter | M-cap of BSE-listed companies crosses $4 Trillion mark; Charlie Munger dies at 99 & more
Newsletter | M-cap of BSE-listed companies crosses $4 Trillion mark; Charlie Munger dies at 99 & more
Nov 29, 2023
From the m-cap of BSE-listed companies crossing the $4 Tn mark to the most memorable quotes by Charlie Munger,  here's a rundown of 11 significant news stories to keep you in the know:
Uber strikes deal with London drivers to put black cabs on app
Uber strikes deal with London drivers to put black cabs on app
Nov 28, 2023
Uber has had a tortured history in London, where cabbies have vehemently protested the app’s presence in the city for fear of losing their livelihood and out of concern the app’s drivers don’t adhere to strict safety standards and oversight.
Australian wine producers eye premium segment in India
Australian wine producers eye premium segment in India
Nov 28, 2023
The Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) entered into force on December 29, 2022. Since the agreement, it has already seen a reduction in tariff on Australian wine bottles costing over $5 per bottle. The tariff was as high as 150%. In next eight years, the tariff will decline further.
CNBC-TV18 Newsbreak Confirmed: Aster DM Health arm to sell Aster DM Healthcare FZC stake to Alpha GCC for $1.01 billion
CNBC-TV18 Newsbreak Confirmed: Aster DM Health arm to sell Aster DM Healthcare FZC stake to Alpha GCC for $1.01 billion
Nov 28, 2023
Shares of Aster DM Healthcare Ltd ended at ₹332.65, down by ₹4.75, or 1.41%, on the BSE. Founded in 1987 from a single clinic in Dubai, Aster DM has a strong presence across primary, secondary, tertiary, and quaternary healthcare and runs 33 hospitals, 127 clinics, 527 pharmacies, and 229 labs and patient experience centres in six Gulf countries and India.
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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...
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...
Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea
Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea
Mar 21, 2024
After a series of back-and-forths regarding Do Kwons extradition, it appears that the Terraform Labs co-founder and former CEO may finally be handed over to South Korean authorities after the Appellate Court of Montenegro confirmed a previous decision to extradite him to his native country. Terraform Labs’ Chief Executive Officer, who was arrested in March 2023 with Kwon in Montenegro,...
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...
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