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Yen moves in a positive zone before crucial data
Yen moves in a positive zone before crucial data
Aug 28, 2025
The Japanese yen rose in the Asian market on Thursday against a basket of global currencies, moving into positive territory against the US dollar, supported by weakness in the greenback in foreign exchange markets as bets increased on a Federal Reserve rate cut in September. To reprice the odds of a potential 25-basis-point rate hike by the Bank of Japan...
US dollar steadies on mounting bets of Fed September rate cut
US dollar steadies on mounting bets of Fed September rate cut
Aug 28, 2025
The US dollar was little changed on Thursday as traders increased bets on a Federal Reserve rate cut next month, after New York Fed President John Williams suggested that a reduction was possible. The greenback came under renewed pressure from President Donald Trumps escalating push to exert greater influence over monetary policy decisions, amid his attempts to remove Fed board...
Has lithium’s reign as the king of batteries come to an end?
Has lithium’s reign as the king of batteries come to an end?
Aug 28, 2025
Lithium-ion batteries power much of the modern world, with their importance in daily life steadily increasing to the point where they now provide energy for nearly 70% of all rechargeable devices. From electric vehicles to smartphones and utility-scale energy storage, lithium-ion batteries have become the backbone of countless industries. Yet despite their dominance, the industry faces serious supply chain challenges...
Franc keeps rising before Swiss growth data
Franc keeps rising before Swiss growth data
Aug 28, 2025
The Swiss franc rose in the European market on Thursday against a basket of global currencies, extending gains for a third consecutive session against the US dollar, supported by weakness in the greenback as bets increased on a Federal Reserve rate cut in September. Renewed global inflation pressures are weighing on policymakers at the Swiss National Bank, reducing the likelihood...
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Sector Update: Tech
Sector Update: Tech
Mar 26, 2024
03:32 PM EDT, 03/26/2024 (MT Newswires) -- Tech stocks were mixed late Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) little changed and the SPDR S&P Semiconductor ETF (XSD) up 0.1%. The Philadelphia Semiconductor index eased 0.2%. In corporate news, Seagate Technology ( STX ) is headed for a period of structurally stronger gross margins, aided by a...
Sector Update: Health Care
Sector Update: Health Care
Mar 26, 2024
03:36 PM EDT, 03/26/2024 (MT Newswires) -- Health care stocks were rising late Tuesday afternoon, with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) adding 0.5%. The iShares Biotechnology ETF (IBB) rose 0.2%. In corporate news, Johnson & Johnson ( JNJ ) is considering acquiring Shockwave Medical ( SWAV ) , a...
Sector Update: Energy
Sector Update: Energy
Mar 26, 2024
03:16 PM EDT, 03/26/2024 (MT Newswires) -- Energy stocks were falling late Tuesday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each shedding 0.5%. The Philadelphia Oil Service Sector Index was down 0.7%, and the Dow Jones US Utilities Index dropped 1%. West Texas Intermediate crude oil fell 0.5% to $81.54 a barrel,...
Sector Update: Energy Stocks Decline Late Afternoon
Sector Update: Energy Stocks Decline Late Afternoon
Mar 26, 2024
03:50 PM EDT, 03/26/2024 (MT Newswires) -- Energy stocks fell late Tuesday afternoon with the NYSE Energy Sector Index down 0.6% and the Energy Select Sector SPDR Fund (XLE) dropping 0.8%. The Philadelphia Oil Service Sector Index declined 1.1%, and the Dow Jones US Utilities Index lost 0.8%. West Texas Intermediate crude oil fell 0.5% to $81.54 a barrel, while...
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Australia's WiseTech agrees to buy E2open for $2.1 billion
Australia's WiseTech agrees to buy E2open for $2.1 billion
May 26, 2025
May 26 (Reuters) - Australian software company WiseTech Global ( WTCHF ) on Monday announced its biggest deal to date, buying out U.S. cloud computing firm E2open for $2.1 billion to broaden its product offerings. The deal, which will be fully funded through a new $3 billion debt facility underwritten by a syndicate of nine lenders including Deutsche Bank and...
Nvidia CEO calls Trump re-industrialisation policies 'visionary'
Nvidia CEO calls Trump re-industrialisation policies 'visionary'
May 26, 2025
By Supantha Mukherjee NORRKOPING, Sweden (Reuters) -Nvidia ( NVDA ) CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia ( NVDA ) will provide its latest generation AI data centre platform to a group...
Exclusive-Nvidia to launch cheaper Blackwell AI chip for China after US export curbs, sources say
Exclusive-Nvidia to launch cheaper Blackwell AI chip for China after US export curbs, sources say
May 26, 2025
BEIJING/TAIPEI (Reuters) -Nvidia ( NVDA ) will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said. The GPU or graphics processing unit will be part of Nvidia's ( NVDA ) latest generation Blackwell-architecture AI...
Scott Bessent Forecasts Stablecoins Increasing Appetite For US Treasuries By Trillions — Promises 'Highest' Regulatory Standards For Dollar-Pegged Cryptos
Scott Bessent Forecasts Stablecoins Increasing Appetite For US Treasuries By Trillions — Promises 'Highest' Regulatory Standards For Dollar-Pegged Cryptos
May 26, 2025
Treasury Secretary Scott Bessent predicted Friday that stablecoins will unlock trillions of dollars in demand for U.S. treasuries in the near future. What Happened: During an interview with Bloomberg Television, Bessent was asked about the impact stablecoins could have on the strength of the dollar. “What we want to do is apply the highest U.S. regulatory and AML [anti-money laundering] standards to digital assets, especially stablecoins,”...
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JELD-WEN misses Q3 revenue estimates, net loss widens
JELD-WEN misses Q3 revenue estimates, net loss widens
Nov 3, 2025
Overview * Doors and windows maker JELD-WEN's Q3 2025 revenue fell 13.4%, missing analysts' expectations * Net loss from continuing operations widened due to goodwill impairment and tax items * Company to reduce North American and Corporate workforce by 11% by year-end 2025 Outlook * JELD-WEN ( JELD ) lowers 2025 revenue guidance to $3.1-$3.2 bln, down from $3.2-$3.4 bln...
Corebridge Financial Q3 Operating Earnings Fall; Dividend Maintained
Corebridge Financial Q3 Operating Earnings Fall; Dividend Maintained
Nov 3, 2025
04:48 PM EST, 11/03/2025 (MT Newswires) -- Corebridge Financial ( CRBG ) reported Q3 operating earnings late Monday of $0.96 per diluted share, down from $1.23 a year earlier. Analysts polled by FactSet expected $1.08. The company maintained its quarterly dividend at $0.24 per share, payable Dec. 31 to stockholders of record Dec. 17. ...
New Mountain Finance Q3 net investment income dips
New Mountain Finance Q3 net investment income dips
Nov 3, 2025
Overview * New Mountain Finance ( NMFC ) Q3 net investment income per weighted average share at $0.32 * Company's NAV per share decreased to $12.06 * Company doubled stock repurchase plan to $100 mln, enhancing financial flexibility Outlook * Company exploring $500 mln secondary portfolio sale to enhance financial flexibility * Company confident in delivering consistent enhanced yield with...
Lumine Group Q3 revenue rises on acquisitions
Lumine Group Q3 revenue rises on acquisitions
Nov 3, 2025
Overview * Lumine Group ( LMGIF ) Q3 revenue grows 5% yr/yr, driven by acquisitions * Net income for Q3 rises 36% yr/yr, reflecting improved profitability * Cash flow from operations up 143% yr/yr, driven by lower non-cash working capital Outlook * Lumine Group ( LMGIF ) did not provide specific future guidance Result Drivers * ACQUISITIONS - Revenue growth...
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Bitcoin’s (BTC) Shrinking Supply Could Set Off the Next Price Surge
Bitcoin’s (BTC) Shrinking Supply Could Set Off the Next Price Surge
Jun 4, 2025
As Bitcoin hovers near its May high, new data suggest that there has been a tightening the leading crypto assets supply amid surging institutional demand. Sygnum Banks June 2025 Monthly Investment Outlook attributes the assets positive momentum to its growing appeal as a safe haven and broader institutional adoption, which are now driving a structural reduction in liquid supply. Bitcoin...
Spanish Coffee Chain Vanadi Wants to Invest $1B in Bitcoin: Report
Spanish Coffee Chain Vanadi Wants to Invest $1B in Bitcoin: Report
Jun 4, 2025
The list of companies embracing bitcoin and adding the digital asset to their corporate treasuries continues to grow by the day. The Spanish coffee chain Vanadi Coffee may become the latest addition to that list if its board of directors approves a proposal to invest €1 billion (over $1.1 billion) in BTC. Local media Alicante Plaza reported that Vanadi will...
Robinhood Cements Crypto Ambitions with $200M Bitstamp Takeover
Robinhood Cements Crypto Ambitions with $200M Bitstamp Takeover
Jun 4, 2025
Robinhood has officially completed its $200 million acquisition of Bitstamp, marking a bold step toward globalizing its crypto services and deepening its reach into institutional markets. The move positions Robinhood as a serious contender in the international crypto scene, expanding beyond its U.S. base and into the European Union, the UK, and Asia. Bitstamp’s Legacy Adds Weight to Robinhood’s Expansion...
Bitcoin’s ‘Boring’ 2025 Hides the Most Important Shift in Crypto History: Analysts
Bitcoin’s ‘Boring’ 2025 Hides the Most Important Shift in Crypto History: Analysts
Jun 4, 2025
“Something strange is happening with this Bitcoin cycle,” said analysts at BTC financial services firm Swan on X on June 5. We should be in the final year of the four-year trend, but corporations are buying more than ever, they said, adding that the asset price is “boring people.” While Bitcoin typically experiences explosive growth in its “third green year,”...
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