Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the second day against the dollar and hitting five-month lows following weak UK retail sales data. Bank of England Governor Andrew Bailey said in recent remarks that inflation will likely approach medium-term targets next month, bolstering the case for a rate cut in June. The Price...

Aussie Dollar (AUD/USD, AUD/NZD) Analysis Geopolitical tensions cool, allowing AUD limited room to recoverAUD/USD shows signs of recovery but technical headwinds remainAUD/NZD bull flag emerges as the pair recovers from overbought territoryElevate your trading skills and gain a competitive edge. Get your hands on the Aussie dollar Q2 outlook today for exclusive insights into key market catalysts that should be...

Most Read: US Dollar Forecast: Markets Await US GDP Core PCE - EUR/USD, USD/JPY, GBP/USD Following a brief surge in geopolitical tensions, traders may find relief in Iran's decision not to further retaliate against Israel's countermove, signaling a potential de-escalation in the Middle East and a return to focus on fundamental market drivers. Curious about what lies ahead for the...

Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the positive zone as US 10-year treasury yields powered up. Markets are now focused on upcoming US data later this week to gather more clues on the future of US interest rates. The Index The dollar index rose 0.15% today to 106.28, with a...

05:06 PM EDT, 05/05/2025 (MT Newswires) -- The S&P 500 and the Dow Jones Industrial Average snapped their nine-day winning streak as traders evaluated updates on global trade and awaited the Federal Reserve's policy decision later this week. The S&P 500 declined 0.6% to 5,650.4, while the Dow edged down 0.2% at 41,218.8. The Nasdaq Composite closed 0.7% lower at...

* Trump claims Russia, Ukraine want peace amid oil price drop * Putin proposes ceasefire for WWII victory anniversary * Trump doubts Russia's involvement in Nord Stream attack MOSCOW, May 6 (Reuters) - U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined towards peace after...

08:29 AM EDT, 05/07/2025 (MT Newswires) -- TransAlta ( TAC ) shares dropped 1.5% at last look Wednesday in NYSE pre-market trading after the company reported lower first-quarter adjusted net earnings. TransAlta ( TAC ) booked adjusted net earnings of $30 million, or $0.10 per share, falling from $128 million, or $0.41 per share, and slightly below the analyst consensus...

04:37 PM EDT, 05/05/2025 (MT Newswires) -- US benchmark equity indexes closed lower on Monday as investors assessed conflicting data on US services sector growth. The Nasdaq decreased 0.7% to 17,844.24, the S&P 500 dropped 0.6% to 5,650.38, and the Dow Jones Industrial Average fell 0.2% to 41,218.83. Among sectors, energy and consumer discretionary paced the decliners with only consumer...

BEIJING (Reuters) - A senior executive at Chinese technology giant Huawei on Thursday dismissed the idea that a shortage of the most advanced artificial intelligence chips will hinder the country's aim to be a leader in AI, but said innovation is needed to address the issue. The comments by Zhang Ping'an, CEO of Huawei Cloud, comes amid tighter U.S. restrictions...

Nissan Motor Co., Ltd. ( NSANF ) and Honda Motor Co., Ltd. ( HMC ) are contemplating a collaboration in the development of automotive software and EV charging infrastructure to enhance their competitiveness in the electric vehicle market. What Happened: The two Japanese automakers are considering a partnership to jointly develop operating systems and other automotive software, which could potentially...

TOKYO (Reuters) - Japanese automakers Nissan Motor ( NSANF ) and Honda Motor ( HMC ) are considering using standardised automotive software and working together on electric vehicle charging, the Nikkei newspaper said on Thursday, steps that could reduce their costs. Nissan ( NSANF ) and Honda ( HMC ) said in March that they were considering a strategic partnership...

SEOUL (Reuters) - Samsung Electronics ( SSNLF ) is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won ($6.34 billion) in the quarter ended...

The leading social network 'took action' on 1.9 million pieces of IS or al-Qaeda-linked content in the first three months of this year.

Aleksandr Kogan, who teaches at Cambridge University, told a British parliamentary committee that criticism of his work by Facebook showed the US social media giant was in "PR crisis mode".

In a prepared testimony Mark Zuckerberg admitted that the social network didn't do enough to prevent its tools from being used for harm

Election Commission has asked Facebook to examine blocking of political advertisement during last 48-hours before elections in the country, a request the social media giant hasn't responded to as yet, but is examining.

Dec 19 (Reuters) - Stagwell Inc ( STGW ): * STAGWELL INC ( STGW ) -ENTERED AGREEMENT TO PURCHASE ALL OF SHARES IN A GLOBAL MEDIA MONITORING AND ANALYTICS CO * STAGWELL INC ( STGW ) -PURSUANT TO AGREEMENT, CO ISSUED 3.4 MILLION SHARES OF CLASS A COMMON STOCK OF CO Source text: Further company coverage: ...

(Reuters) - United States Steel ( X ) on Thursday forecast a surprise loss for the fourth quarter, sending its shares down nearly 5% in aftermarket trading. The company expects an adjusted loss of between 29 cents and 25 cents for the quarter, compared with analysts' average estimate of a profit of 16 cents, according to data compiled by LSEG....

04:47 PM EST, 12/19/2024 (MT Newswires) -- Keith A Hutton, 10% Owner, Director, on December 17, 2024, executed a purchase for 120,000 shares in Txo Partners ( TXO ) for $1,905,020. Following the Form 4 filing with the SEC, Hutton has control over a total of 4,120,215 shares of the company, with 4,120,215 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1559432/000155943224000059/xslF345X05/wk-form4_1734644629.xml ...

04:45 PM EST, 12/19/2024 (MT Newswires) -- Stifel Financial ( SF ) said total client assets in November rose 20% to $513.9 billion from a year earlier. They increased 4% from $493.5 billion in October, the company said Thursday in a statement. Fee-based client assets rose 25% to $197.3 billion from a year earlier, gaining 4% from October. ...

Ethereum (ETH) is staring down what could be its worst-ever first quarter in history, with returns for the cryptocurrency dropping over 6% so far this month alone. Analysts have chalked down this poor performance to persistent selling pressure, diminishing network usage, and falling active addresses. Ethereum Faces Mounting Pressure Recent data from CryptoRank show ETH’s returns in the red for...

A prominent cryptocurrency whale suffered a $207,000 loss from trading the Official Trump (TRUMP) meme coin within an hour on March 23rd. Interestingly, this whale had previously turned an investment of 1.09 million USDC into nearly $108 million by purchasing 5.97 million TRUMP tokens at an earlier stage. $207K Gone in an Hour According to blockchain analytics firm Lookonchains latest...

TL;DR Bitcoin’s recent surge above $88K might be short-lived as technical indicators hint at overbought conditions. Market analysts foresee a possible correction, with downside targets ranging between $72,800 and $80,000. Beware of a New Pullback The primary cryptocurrency started the business week on the right foot, with its price soaring above $88,000 for the first time since March 7. Despite...

The crypto market witnessed a trend reversal during the past week, especially within the United States spot scene. This reversal extended to spot Bitcoin exchange-traded funds (ETF); however, Ethereum products were unaffected. According to data from CoinGlass, spot Bitcoin ETFs recorded inflows every trading day for the past week, while Ethereum ETFs continued seeing outflows. In contrast to Ethereum ETF...