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Loonie declines amid US trade war
Loonie declines amid US trade war
Jul 11, 2025
The Canadian dollar fell against most major currencies on Friday following decisions that signaled an escalation in the trade war between the United States and Canada. U.S. President Donald Trump announced today the imposition of a 35% tariff on Canadian imports and threatened to raise tariffs on other countries as well. In a post on Truth Social yesterday, Trump said...
US dollar maintains gains as trade tensions mount
US dollar maintains gains as trade tensions mount
Jul 14, 2025
The US dollar rose against most major currencies during Monday trading, maintaining its gains as investors monitored escalating trade tensions. US President Donald Trump announced on Saturday his decision to impose a 30% tariff on the European Union and Mexico starting from August 1. Despite this decision, officials from the European Union and Mexico expressed their willingness to continue negotiations...
Euro skids to three-week trough on Trump's tariff threats
Euro skids to three-week trough on Trump's tariff threats
Jul 14, 2025
The euro fell in European markets on Monday against a basket of major global currencies, deepening its losses for the fourth consecutive day against the U.S. dollar and recording its lowest level in three weeks. The decline comes amid threats from Donald Trump to impose tariffs of around 30% on European products starting this August. The European Union rejected Trumps...
Yen skids to three-week trough amid mounting pressures
Yen skids to three-week trough amid mounting pressures
Jul 15, 2025
The Japanese yen declined in the Asian market on Tuesday against a basket of major and minor currencies, deepening its losses for the third consecutive day against the US dollar and hitting its lowest level in three weeks, amid negative pressure on the Japanese currency and expectations of further declines toward the 150 yen barrier. Markets are awaiting the release...
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Top Midday Stories: US Advance Q2 GDP Rises; Initial Jobless Claims Drop; Ford Earnings Fall; TotalEnergies' Lower Results; AbbVie Raises Guidance; IBM, ServiceNow Report Higher Results
Top Midday Stories: US Advance Q2 GDP Rises; Initial Jobless Claims Drop; Ford Earnings Fall; TotalEnergies' Lower Results; AbbVie Raises Guidance; IBM, ServiceNow Report Higher Results
Jul 25, 2024
12:10 PM EDT, 07/25/2024 (MT Newswires) -- The three major US stock indexes were mixed around midday Thursday as traders digested economic data and earnings results from big companies. US economic growth, measured by gross domestic product, rose by 2.8% in Q2 after a 1.4% increase in Q1. US initial jobless claims fell to a level of 235,000 in the...
Sector Update: Consumer
Sector Update: Consumer
Jul 25, 2024
01:28 PM EDT, 07/25/2024 (MT Newswires) -- Consumer stocks rose Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.9%. In corporate news, Ford (F) shares tumbled 17% after the carmaker's Q2 earnings trailed market estimates amid higher warranty costs and expenses as the company continues...
US Equity Indexes Rise in Choppy Midday Trading as Industrials, Energy Advance
US Equity Indexes Rise in Choppy Midday Trading as Industrials, Energy Advance
Jul 25, 2024
12:42 PM EDT, 07/25/2024 (MT Newswires) -- US equity indexes rose in choppy trading Thursday as investors weighed the durable goods orders and economic growth data amid a slew of quarterly results. The Nasdaq rose 0.6% to 17,450.2, with the S&P 500 up 0.8% to 5,471.4 and the Dow Jones Industrial Average 1.2% higher at 40,335.6. Earlier in the session,...
US STOCKS-Dow, small caps outperform on GDP data relief
US STOCKS-Dow, small caps outperform on GDP data relief
Jul 25, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * US economic growth regains steam in Q2; inflation slows * Ford slumps as higher costs, EV unit dent profit growth * IBM ( IBM ) gets boost from software, AI demand, as consulting slips * American Airlines ( AAL...
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Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
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Gold, Crude Oil, S&P 500 – Sentiment Analysis & Market Outlook
Gold, Crude Oil, S&P 500 – Sentiment Analysis & Market Outlook
May 9, 2024
Most Read: BoE Holds Rates Steady: Inflation Outlook and Vote Split Hint at June Cut In the complex world of trading, it's easy to get swept up in the crowd mentality. Many traders find themselves buying when everyone else is buying and selling when panic sets in. But seasoned traders know there's more to it than just following the herd....
Bitcoin Mining Difficulty Sees Largest Plunge Since December 2022
Bitcoin Mining Difficulty Sees Largest Plunge Since December 2022
May 9, 2024
The Bitcoin networks mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688. Bitcoin Mining Difficulty Negatively Adjusts Bitcoins mining difficulty measures how tough and time-consuming it is...
Binance Reportedly Fired Investigator Who Discovered Market Manipulation at Client Company
Binance Reportedly Fired Investigator Who Discovered Market Manipulation at Client Company
May 9, 2024
With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the companys clients, DWF Labs. Binance, however, denied the report, stating that the cryptocurrency exchange maintains a strict market surveillance program that does...
Binance Slapped With $4.4 Million Fine By Canadian Government
Binance Slapped With $4.4 Million Fine By Canadian Government
May 9, 2024
Canada has imposed a fine against Binance – the world’s largest crypto exchange – for running afoul of the nation’s anti-money laundering rules last year. Per a public notice published on Thursday, the federal government said Binance didn’t comply with rules and registrations related to operating as a foreign money services business (FMSB). Binance Fined $4.4 Million By Canada The...
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