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US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
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US Equity Indexes Rise as Core Inflation Eases, Bank Earnings Boost Sentiment
US Equity Indexes Rise as Core Inflation Eases, Bank Earnings Boost Sentiment
Jan 15, 2025
12:24 PM EST, 01/15/2025 (MT Newswires) -- US equity indexes were up in midday trading Wednesday as core inflation rates eased, putting monetary policy hawks on the backfoot, and large-cap banks kicked off the Q4 earnings season on a positive note. The Nasdaq Composite jumped 2% to 19,420.4, with the S&P 500 up 1.3% to 5,919.5 and the Dow Jones...
Euro zone bond yields fall after US inflation data
Euro zone bond yields fall after US inflation data
Jan 15, 2025
* German 10-year Bund yields track biggest daily fall since June, after rising for 10 days * Cooler U.S. core inflation brings back bets on two Fed cuts in 2025 * Italy's 10-year yields track biggest daily drop since May (Updates to European afternoon trading) By Greta Rosen Fondahn Jan 15 (Reuters) - Euro area benchmark Bund yields fell on...
US CRUDE FUTURES RISE BY $2 A BARREL AFTER EIA DATA SHOWED US CRUDE STOCKS FELL TO LOWEST SINCE APRIL 2022
US CRUDE FUTURES RISE BY $2 A BARREL AFTER EIA DATA SHOWED US CRUDE STOCKS FELL TO LOWEST SINCE APRIL 2022
Jan 15, 2025
US CRUDE FUTURES RISE BY $2 A BARREL AFTER EIA DATA SHOWED US CRUDE STOCKS FELL TO LOWEST SINCE APRIL 2022 ...
Profits at Wall Street banks jump with trading strength, dealmaking rebound
Profits at Wall Street banks jump with trading strength, dealmaking rebound
Jan 15, 2025
NEW YORK (Reuters) - Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday. The market environment has been favorable for banks. Equity markets have surged, with the S&P 500 climbing 23.3% in 2024, while deal volumes...
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US FCC approves T-Mobile deal to buy budget provider Mint Mobile
US FCC approves T-Mobile deal to buy budget provider Mint Mobile
Apr 25, 2024
WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Thursday it will approve the T-Mobile US Inc ( TMUS ) deal to buy Ka'ena Corp, the owner of budget service provider Mint Mobile, for up to $1.35 billion. The FCC cited T-Mobile's voluntary agreement to implement a 60-day unlocking period for all Mint Mobile and Ultra Mobile devices activated...
Samourai Wallet Charges Raise Existential Questions for Privacy Tech
Samourai Wallet Charges Raise Existential Questions for Privacy Tech
Apr 25, 2024
The U.S. government has put to rest any doubts that any involvement in or profiting from privacy tools beyond authoring code for crypto mixers is off limits. Call it an assault on privacy or attack on free speech, but the reality on the ground is that any money that flows into an application designed to mix funds to shield user...
Garry's Mod Under Fire: Nintendo Orders Massive Content Purge
Garry's Mod Under Fire: Nintendo Orders Massive Content Purge
Apr 25, 2024
Garry’s Mod, a popular sandbox game born from Valve’s Source software modding scene in 2006, faces a significant overhaul due to takedown notices from Nintendo ADR (OTC:NTDOY). Facepunch Studios, the developers, are forced to remove approximately 20 years’ worth of Nintendo ( NTDOF )-related content from the game. “This is not a mistake, the takedowns came from Nintendo,” an update...
Consensys Sues SEC Over Ethereum Classification, Calls For Regulatory Clarity
Consensys Sues SEC Over Ethereum Classification, Calls For Regulatory Clarity
Apr 25, 2024
Blockchain software company Consensys on Thursday announced it is suing the U.S. Securities and Exchange Commission (SEC) in a lawsuit aimed at ensuring Ethereum’s status as a non-security. The lawsuit, filed in the Northern District of Texas, comes amid ongoing regulatory uncertainty surrounding the world’s second-largest blockchain platform. Consensys Accuses SEC Of “Unlawful Regulation” Consensys argues that the SEC is...
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Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Cups are disposable, the environment is not: Starbucks’ green realisation
Cups are disposable, the environment is not: Starbucks’ green realisation
Sep 16, 2023
For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a straw less lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15 percent the amount of material in each cup.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
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