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US dollar tries to recover from five-week trough
US dollar tries to recover from five-week trough
May 27, 2025
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...
Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
Australian inflation beats estimates in April
Australian inflation beats estimates in April
May 28, 2025
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...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
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Futures tick up after Wall Street hits record highs
Futures tick up after Wall Street hits record highs
Mar 22, 2024
(Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Powell later in the day. All three main U.S. indexes hit fresh record closing highs in the previous session as chip stocks rallied after Micron...
US STOCKS-Futures edge higher after Wall Street scales record peak
US STOCKS-Futures edge higher after Wall Street scales record peak
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla slips on report co trims car production in China * FedEx ( FDX ) jumps on Q3 profit beat * Nike ( NKE ) falls after revenue forecast disappoints * Futures up: Dow 0.10%, S&P 0.11%, Nasdaq 0.07%...
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
US STOCKS-Futures tick up after Wall Street hits record highs
US STOCKS-Futures tick up after Wall Street hits record highs
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.04%, S&P 0.11%, Nasdaq 0.18% March 22 (Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing...
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FOCUS-Ford has big goals for software sales to small business truck fleets
FOCUS-Ford has big goals for software sales to small business truck fleets
Mar 14, 2024
DETROIT, March 14 (Reuters) - HomeTown Services, a heating and cooling repair company in Tulsa, Oklahoma, is getting ready to install driver monitoring cameras in some of its trucks, and already uses streamed data to remind drivers not to sit too long in idle vehicles, wasting gasoline. People will sit in a vehicle for an hour or two, said Del...
Ford has big goals for software sales to small business truck fleets
Ford has big goals for software sales to small business truck fleets
Mar 14, 2024
DETROIT (Reuters) - HomeTown Services, a heating and cooling repair company in Tulsa, Oklahoma, is getting ready to install driver monitoring cameras in some of its trucks, and already uses streamed data to remind drivers not to sit too long in idle vehicles, wasting gasoline. People will sit in a vehicle for an hour or two, said Del Underwood, vice...
Apple supplier Foxconn sees strong 2024 as Q4 beats forecasts
Apple supplier Foxconn sees strong 2024 as Q4 beats forecasts
Mar 14, 2024
By Yimou Lee and Faith Hung TAIPEI, March 14 (Reuters) - Apple ( AAPL ) supplier Foxconn said on Thursday it expects revenue to increase significantly in 2024 following a slow start to the year amid booming demand for AI servers, after it posted fourth-quarter profit that beat market estimates. The outlook has turned rosier since Foxconn Chairman Young Liu...
Apple supplier Foxconn's Q4 profit jumps 33% y/y, beats forecasts
Apple supplier Foxconn's Q4 profit jumps 33% y/y, beats forecasts
Mar 13, 2024
TAIPEI, March 14 (Reuters) - Apple ( AAPL ) supplier Foxconn reported on Thursday a 33% rise in fourth-quarter profit, boosted by strong year-end sales during the peak holiday season. The Taiwanese company, the world's largest contract electronics maker, said net profit for the October-December quarter rose to T$53.14 billion ($1.69 billion) from T$40 billion in the same period the...
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Insulet Names Ana Maria Chadwick Finance Chief
Insulet Names Ana Maria Chadwick Finance Chief
Mar 20, 2024
09:42 AM EDT, 03/20/2024 (MT Newswires) -- Insulet ( PODD ) said Wednesday it has appointed Ana Maria Chadwick as its chief financial officer, effective April 22. Chadwick currently serves as Pitney Bowes' (PBI) CFO, Insulet ( PODD ) said. Insulet's ( PODD ) interim CFO Lauren Budden will continue to serve as the company's chief accounting officer, it added....
Bristol-Myers Squibb's Phase 3 Hepatocellular Carcinoma Study Meets Overall Survival Goal
Bristol-Myers Squibb's Phase 3 Hepatocellular Carcinoma Study Meets Overall Survival Goal
Mar 20, 2024
09:42 AM EDT, 03/20/2024 (MT Newswires) -- Bristol-Myers Squibb Company ( BMY ) said Wednesday that a phase 3 trial evaluating the combination of Opdivo and Yervoy in patients with advanced hepatocellular carcinoma met its primary endpoint of improved overall survival. The pharmaceutical giant said the combination therapy demonstrated a statistically significant and clinically meaningful improvement in overall survival compared...
EU should approve airline mergers quickly, Ryanair CEO says
EU should approve airline mergers quickly, Ryanair CEO says
Mar 20, 2024
BRUSSELS, March 20 (Reuters) - The European Commission should get on with it and approve pending mergers between European airlines, Ryanair CEO Michael O'Leary said on Wednesday. Get on with it and approve these mergers because, ultimately, it is the way forward in Europe, O'Leary told an industry conference in Brussels. He said increased consolidation was needed to ensure Europe's...
Why TopGolf Callaway Brands Stock Is Rising Wednesday
Why TopGolf Callaway Brands Stock Is Rising Wednesday
Mar 20, 2024
Topgolf Callaway Brands Corp ( MODG ) shares are trading higher Wednesday following a report suggesting the company is up for sale. What Happened: According to a Chosun Daily report, TopGolf Callaway is exploring a sale, and a South Korean strategic investor is in the running to acquire the company for approximately $2.98 billion. TopGolf Callway had a market cap...
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ETH Is Not a Security: Coinbase Bites Back as SEC Targets The Ethereum Foundation 
ETH Is Not a Security: Coinbase Bites Back as SEC Targets The Ethereum Foundation 
Mar 21, 2024
The SEC is seeking information from companies about their dealings with the Ethereum Foundation. The demands come as part of a review of the regulatory status of ETH and whether it should be classified as a security. A subpoena from the regulator sought more information about various aspects of the Ethereum Foundation, according to Bloomberg. Although SEC chair Gary Gensler...
Bitcoin Price Analysis: Is BTC Ready to Explode to a New ATH Following the Recent Correction?
Bitcoin Price Analysis: Is BTC Ready to Explode to a New ATH Following the Recent Correction?
Mar 21, 2024
Bitcoin’s price has recently experienced a pullback below the $70K level, leaving market participants wondering whether the top is in or not. Yet, there are still several support levels available to hold the market from further decline. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying consistently since rebounding from the $40K level....
EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations
EUR/USD Gains Already at Risk After Markets Digest FOMC, SNB Revelations
Mar 21, 2024
EUR/USD News and Analysis ECB officials eye June meeting for first rate cut, SNB delivers a surprise cutDollar drop appears short-lived as EUR/USD heeds resistanceThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade EUR/USD ECB Officials Eye June...
Decline in Bitcoin (BTC) Wallets Reflects Market Fear, But There’s A Catch
Decline in Bitcoin (BTC) Wallets Reflects Market Fear, But There’s A Catch
Mar 21, 2024
Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction. Besides this latest recovery, the leading asset could see more positive returns in the near future, according to the latest data. Bitcoin Non-Zero Wallet Addresses Drop Santiments recent analysis of Bitcoins network activity revealed a notable decline in the...
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