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Yen tries to recover before Fed's decisions
Yen tries to recover before Fed's decisions
Jun 18, 2025
The yen rose in Asian trade on Wednesday away from a one-week low against the US dollar, as investors shun new bullish positions on the dollar before the Federal Reserves policy decisions later today. Following a cautious meeting by the Bank of Japan this week, the odds of a Japanese rate hike in July tanked with traders awaiting more data...
US dollar edges up after Fed's decision
US dollar edges up after Fed's decision
Jun 18, 2025
The US dollar rose against most major rivals following the Federal Reserves policy decision earlier today. The Federal Open Market Committee voted to hold interest rates unchanged at below 4.5% as expected by analysts. The FOMC expects two 0.25% interest rate cuts by the end of 2025, while reducing expected future cuts in both 2026 and 2027 by once each....
US dollar rebounds before Fed's policy decision
US dollar rebounds before Fed's policy decision
Jun 17, 2025
The US dollar rose against most major rivals as traders assess latest geopolitical developments in the Middle East, and before the Feds policy decision. Recent data showed US retail sales fell 0.9% m/m to $715.4 billion in May, while analysts expected a 0.6% drop, as auto sales drop following Trumps tariffs. Later today, the Federal Reserve will convene and discuss...
UK inflation above estimates in May
UK inflation above estimates in May
Jun 18, 2025
UK consumer prices rose 3.4% y/y in May, above estimates of a 3.3% rise, but down from a 3.5% rise in the previous reading. Core prices rose 3.5% y/y as expected, down from 3.8% in the previous reading. ...
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Sector Update: Energy Stocks Higher in Wednesday Afternoon Trading
Sector Update: Energy Stocks Higher in Wednesday Afternoon Trading
Mar 6, 2024
01:45 PM EST, 03/06/2024 (MT Newswires) -- Energy stocks rose Wednesday afternoon with the NYSE Energy Sector Index gaining 1.3% and the Energy Select Sector SPDR Fund (XLE) up 0.8%. The Philadelphia Oil Service Sector index climbed 1.4%, and the Dow Jones US Utilities index added 0.9%. US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by...
Sector Update: Financial Stocks Rise Wednesday Afternoon
Sector Update: Financial Stocks Rise Wednesday Afternoon
Mar 6, 2024
01:56 PM EST, 03/06/2024 (MT Newswires) -- Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index up 0.5% and the Financial Select Sector SPDR Fund (XLF) gaining 0.3%%. The Philadelphia Housing Index rose 0.3%, and the Real Estate Select Sector SPDR Fund (XLRE) climbed 0.2%. Bitcoin (BTC-USD) rose 5.5% to $67,309, and the yield for 10-year US...
Sector Update: Energy
Sector Update: Energy
Mar 6, 2024
01:32 PM EST, 03/06/2024 (MT Newswires) -- Energy stocks rose Wednesday afternoon with the NYSE Energy Sector Index gaining 1.2% and the Energy Select Sector SPDR Fund (XLE) up 1%. The Philadelphia Oil Service Sector index climbed 1.8%, and the Dow Jones US Utilities index added 1%. US crude oil stocks, including those in the Strategic Petroleum Reserve, rose by...
Sector Update: Tech
Sector Update: Tech
Mar 6, 2024
01:38 PM EST, 03/06/2024 (MT Newswires) -- Tech stocks advanced Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 1.1% and the SPDR S&P Semiconductor ETF (XSD) jumping 3.5%. The Philadelphia Semiconductor index rose 2.8%. In corporate news, Palantir Technologies ( PLTR ) shares rose 11% after the US Army awarded a subsidiary, Palantir USG, a $178.4 million...
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Tesla to fix software for 77,650 China-made vehicles, says market regulator
Tesla to fix software for 77,650 China-made vehicles, says market regulator
Dec 31, 2024
BEIJING, Dec 31 (Reuters) - Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China's market regulator said on Tuesday. The action, due to software issues that may fail to display the monitored tyre pressure immediately after the vehicle starts, is described as a product recall under Chinese regulations, the regulator said. It...
Broadcom Options Trading: A Deep Dive into Market Sentiment
Broadcom Options Trading: A Deep Dive into Market Sentiment
Dec 30, 2024
Deep-pocketed investors have adopted a bullish approach towards Broadcom ( AVGO ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AVGO usually suggests something big is about to happen. We gleaned this information from...
Tesla to fix software for 77,650 China-made vehicles, says market regulator
Tesla to fix software for 77,650 China-made vehicles, says market regulator
Dec 31, 2024
BEIJING (Reuters) - Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China's market regulator said on Tuesday. The action, due to software issues that may fail to display the monitored tyre pressure immediately after the vehicle starts, is described as a product recall under Chinese regulations, the regulator said. It was not...
US Treasury says Chinese hackers stole documents in 'major incident'
US Treasury says Chinese hackers stole documents in 'major incident'
Dec 30, 2024
Dec 30 (Reuters) - Chinese state-sponsored hackers broke into the U.S. Treasury Department this month and stole documents from its workstations, according to a letter to lawmakers that was provided to Reuters on Monday. The hackers compromised third-party cybersecurity service provider BeyondTrust and were able to access unclassified documents, the letter said, calling it a major incident. According to the...
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Kazakhstan's largest oilfield to be back from maintenance on October 24, minister says
Kazakhstan's largest oilfield to be back from maintenance on October 24, minister says
Oct 21, 2025
ASTANA, Oct 21 (Reuters) - Kazakhstan's Chevron ( CVX ) -led Tengiz oilfield, the country's largest, has been undergoing maintenance which is due to be completed on October 24, Energy Minister Erlan Akkenzhenov told Reuters on Tuesday. Tengizchevroil (TCO), Kazakhstan's largest producer, reached record monthly output of 3.715 million metric tons, or around 953,000 barrels per day, in August at...
Coca-Cola HBC buys control of Africa bottling business for $2.6 billion
Coca-Cola HBC buys control of Africa bottling business for $2.6 billion
Oct 21, 2025
(Reuters) -Swiss-based bottler Coca-Cola HBC ( CCHBF ) has agreed to buy a 75% stake in its African counterpart for a total of $2.6 billion, the firm said on Tuesday, creating the world's second-largest Coca-Cola bottling partner by volume. Coca-Cola HBC ( CCHBF ) will acquire U.S. based Coca-Cola's around 42% stake in Coca-Cola Beverages Africa (CCBA) and the Gutsche...
Australian banker wins right to work from home every day
Australian banker wins right to work from home every day
Oct 21, 2025
SYDNEY, Oct 21 (Reuters) - An Australian retail bank employee has been granted the right to work from home all the time by the country's labour tribunal, as industry bosses urge more workers to return to the office. The Fair Work Commission, whose decision on the case is being closely watched in Australia, found in favour of Karlene Chandler, who...
VEON’s Beeline Kazakhstan to Acquire  Online Classifieds Business OLX Kazakhstan
VEON’s Beeline Kazakhstan to Acquire Online Classifieds Business OLX Kazakhstan
Oct 21, 2025
Astana, Amsterdam and Dubai, October 21, 2025 – VEON Ltd. ( VEON ) , a global digital operator, and OLX Group announce today that Beeline Kazakhstan, VEON’s Kazakh operating company, has agreed to acquire 100% of the Kazakh online classifieds business OLX Kazakhstan (“OLX KZ”), from OLX Group for a total consideration of USD 75 million. Founded as a marketplace...
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Bitcoin (BTC) Brushes Off Geopolitical Jitters: Here Is the Next Target in Sight
Bitcoin (BTC) Brushes Off Geopolitical Jitters: Here Is the Next Target in Sight
May 26, 2025
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...
Charles Hoskinson Backs Ripple Over Coinbase in Circle Takeover Battle
Charles Hoskinson Backs Ripple Over Coinbase in Circle Takeover Battle
May 26, 2025
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...
Crypto Whale Wynn Quits After Scoring $25M from $1.25B Bitcoin Bet
Crypto Whale Wynn Quits After Scoring $25M from $1.25B Bitcoin Bet
May 26, 2025
In a dramatic twist befitting the man known as the “10U God of War,” crypto trader James Wynn has exited his headline-grabbing $1.25 billion Bitcoin long with a cool $25 million profit. The crypto whale had wagered his capital on BTC hitting $121,000 this week, leveraging 40x on Hyperliquid. From $87M Highs to a $25M Exit At one point, the...
Analyst Forecasts BTC Short
Analyst Forecasts BTC Short
May 26, 2025
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...
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