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US dollar stabilizes as the trade war escalates
US dollar stabilizes as the trade war escalates
Jul 8, 2025
The U.S. dollar held steady against most major currencies during Tuesday trading amid the ongoing trade escalation led by President Donald Trump's administration against other economies. President Donald Trump had earlier warned countries aligning with the BRICS alliances policies which conflict with American interests that they would face additional tariffs of 10%. Trump wrote on social media: Any country that...
Aussie shines after surprise RBA rate decision
Aussie shines after surprise RBA rate decision
Jul 8, 2025
The Australian dollar rose broadly on Tuesday against a basket of global currencies, rebounding sharply from a two-week low against its U.S. counterpart, following an unexpected decision by the Reserve Bank of Australia to keep interest rates unchanged at 3.85%. The decision came as a surprise to the markets, which had confidently priced in at least a 25-basis-point rate cut....
Aussie powers up after surprise RBA rate decision
Aussie powers up after surprise RBA rate decision
Jul 8, 2025
The Australian dollar began Tuesdays session on a higher note after the Reserve Bank of Australia surprised markets by keeping the interest rate unchanged at 3.85%, defying expectations of a 25-basis-point cut. Meanwhile, investors await the release of the NFIB Business Optimism Index for June, the only item on todays US economic calendar, as attention remains focused on news related...
RBA holds interest rates unexpectedly
RBA holds interest rates unexpectedly
Jul 8, 2025
At the conclusion of its July 8 meeting, the Reserve Bank of Australias Monetary Policy Committee decided on Tuesday morning to keep interest rates unchanged at 3.85%, the lowest level since May 2023, defying market expectations of a 25-basis-point rate cut. The Reserve Bank of Australia stated that it is waiting for additional information to confirm that inflation remains on...
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COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
COLUMN-Powell plays best hand he can from a politically stacked deck: McGeever
Aug 25, 2025
(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever ORLANDO, Florida, Aug 25 (Reuters) - Federal Reserve Chair Jerome Powell is coming under fire for appearing to cave to political pressure in his Jackson Hole speech on Friday, which opened the door to an interest rate cut next month, a shift from his...
Sector Update: Consumer Stocks Decline Pre-Bell Monday
Sector Update: Consumer Stocks Decline Pre-Bell Monday
Aug 25, 2025
09:19 AM EDT, 08/25/2025 (MT Newswires) -- Consumer stocks were declining pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% lower. Keurig Dr Pepper ( KDP ) has agreed to acquire coffee company JDE Peet's for 15.7 billion euros ($18.37 billion) in...
Sector Update: Financial Stocks Decline Premarket Monday
Sector Update: Financial Stocks Decline Premarket Monday
Aug 25, 2025
09:26 AM EDT, 08/25/2025 (MT Newswires) -- Financial stocks were declining premarket Monday, with the Financial Select Sector SPDR Fund (XLF) down 0.1%. The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.5% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.6%. HSBC Holdings' ( HSBC ) Swiss private bank...
Sector Update: Health Care Stocks Flat to Lower Pre-Bell Monday
Sector Update: Health Care Stocks Flat to Lower Pre-Bell Monday
Aug 25, 2025
09:22 AM EDT, 08/25/2025 (MT Newswires) -- Health care stocks were flat to lower pre-bell Monday, with the Health Care Select Sector SPDR Fund ( XLV ) inactive and the iShares Biotechnology ETF (IBB) down 0.2%. Argenx (ARGX) stock was nearly 4% higher after the company said a phase 3 study of its drug Vyvgart met its primary endpoint in...
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Exchanges oppose potential US Treasury intervention in oil futures market 
Exchanges oppose potential US Treasury intervention in oil futures market 
Mar 12, 2026
BOCA RATON, Florida, March 12 (Reuters) - The heads of a number of top exchanges, including CME Group ( CME ) and Toronto Stock Exchange parent TMX Group ( TMXXF ), oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices in the aftermath of the Iran conflict. The latest comments come as...
Tesla Receives Clearance to Exchange xAI Investment for SpaceX Equity
Tesla Receives Clearance to Exchange xAI Investment for SpaceX Equity
Mar 12, 2026
03:33 PM EDT, 03/12/2026 (MT Newswires) -- Tesla (TSLA) obtained US regulatory clearance to convert its prior funding in xAI into a stake in SpaceX in preparation for the aerospace company's upcoming stock market debut, according to filings with the US Federal Trade Commission on Wednesday. The carmaker has acquired the stake directly from Chief Executive Elon Musk, alongside separate...
Occidental Petroleum Stock Surges Thursday: What's Driving The Action?
Occidental Petroleum Stock Surges Thursday: What's Driving The Action?
Mar 12, 2026
Occidental Petroleum Corp ( OXY ) shares are trading higher Thursday afternoon as energy stocks gain on renewed fears of supply disruption in the Middle East after multiple oil tankers were hit by explosions and Iran's new Supreme Leader said the Strait of Hormuz should remain closed to pressure the enemy. The move added fresh geopolitical risk to crude markets...
Major Deutsche Bank shareholder Capital Group trims stake, filing shows
Major Deutsche Bank shareholder Capital Group trims stake, filing shows
Mar 12, 2026
FRANKFURT, March 12 (Reuters) - The Los Angeles-based investor Capital Group has trimmed its stake in Deutsche Bank to 2.93% from 4.94%, a filing on Thursday showed. Capital Group was the bank's second-largest single shareholder after BlackRock, according to Deutsche Bank's website. The filing was dated on Wednesday but was published on Thursday. ...
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Ethereum Price Analysis: Is ETH Doomed to Plummet to $2.1K Soon?
Ethereum Price Analysis: Is ETH Doomed to Plummet to $2.1K Soon?
Aug 29, 2024
Ethereum encountered a significant rejection at the $2.8K threshold, followed by a pullback to the wedge’s broken lower boundary. This price movement reflects a bearish sentiment and suggests a potential continuation of the downward trend, with the next target being the $2.1K support region. Technical Analysis By Shayan The Daily Chart Ethereum had been struggling near the lower boundary of...
Hackers Hijack Kylian Mbappe’s X Account to Promote Crypto Scam: Report
Hackers Hijack Kylian Mbappe’s X Account to Promote Crypto Scam: Report
Aug 29, 2024
The X account of French football star Kylian Mbappe was reportedly hacked on August 29, with the attackers posting multiple messages promoting a suspicious cryptocurrency named $MBAPPE.  The posts, which also included opinions on contentious topics such as the Israel-Palestine conflict, caught the attention of many, leading to significant financial losses for some. Investor Loses Over $1 Million According to...
Dormant Bitcoin Wallet Reawakens After 11 Years With Unrealized ROI of Over 42,000%
Dormant Bitcoin Wallet Reawakens After 11 Years With Unrealized ROI of Over 42,000%
Aug 29, 2024
A long-dormant Bitcoin (BTC) address has been reactivated after more than 11 years of inactivity. The wallet, which holds 100 BTC, was brought back to life on August 29, according to blockchain tracking service Whale Alert. Worth a mere $14,202 when the address was last used in 2013, the crypto stash has jumped by more than 41,000%, and now stands...
Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance
Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance
Aug 29, 2024
Bitcoin’s price has yet to recover from the recent drop, consolidating without a clear indication of its future direction. However, there are some signs that it could drop further if its unable to overcome $60,000 soon. Recall that the largest digital asset slumped hard on Tuesday, dropping from over $63,000 to $58,000, before recovering slightly to its current levels of...
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