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Kiwi under pressure after RBNZ rate cut
Kiwi under pressure after RBNZ rate cut
May 28, 2025
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, extending losses for the second straight session against the US dollar under pressure from the widening interest rate gap between the US and New Zealand. The Reserve Bank of Australia cut interest rates to three-year lows and warned against the impact of US tariffs,...
RBNZ cuts interest rates to three-year nadir
RBNZ cuts interest rates to three-year nadir
May 28, 2025
The Reserve Bank of New Zealand cut interest rates by 25 basis points to 3.25% to April 2022 lows, the sixth such rate cut in a row, and matching expectations. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise...
Euro backs off four-week high on profit-taking
Euro backs off four-week high on profit-taking
May 28, 2025
The euro fell in European trade on Wednesday against a basket of major rivals, extending losses for the second straight session against the US dollar and backing off a four-week high on profit-taking. Hot inflation data and bullish remarks from ECB officials led to divisions among policymakers on the rate decision in June, with investors awaiting German and Spanish inflation...
How does the Fed react to Trump's trade war?
How does the Fed react to Trump's trade war?
May 27, 2025
The Federal Reserve warned against increasing economic risks when it decided to hold interest rates unchanged in May. Fed Chair Jerome Powell focused on uncertainty for the worlds largest economy following Trumps aggressive tariff decisions during his post-Fed meeting speech this month. Now markets expect two interest rate cuts overall this year, with some even thinking that this is overly...
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Sector Update: Tech Stocks Fall Premarket Wednesday
Sector Update: Tech Stocks Fall Premarket Wednesday
Oct 30, 2024
09:10 AM EDT, 10/30/2024 (MT Newswires) -- Technology stocks were falling premarket Wednesday, with The Technology Select Sector SPDR Fund ( XLK ) down 0.7% and the SPDR S&P Semiconductor ETF ( XSD ) 1.5% lower. Garmin ( GRMN ) shares were up 13% after the company reported higher Q3 non-GAAP earnings and net sales in addition to raising its...
Sector Update: Health Care
Sector Update: Health Care
Oct 30, 2024
08:55 AM EDT, 10/30/2024 (MT Newswires) -- Health care stocks were declining premarket Wednesday with the iShares Biotechnology ETF (IBB) slightly lower and the Health Care Select Sector SPDR Fund (XLV) down 1.4% recently. Eli Lilly ( LLY ) shares fell by over 10% after the company reported Q3 non-GAAP earnings and revenue that missed analysts' expectations. The company also...
Sector Update: Energy
Sector Update: Energy
Oct 30, 2024
09:08 AM EDT, 10/30/2024 (MT Newswires) -- Energy stocks were advancing pre-bell Wednesday with the Energy Select Sector SPDR Fund (XLE) 0.6% higher recently. The United States Oil Fund (USO) was up 1.6% and the United States Natural Gas Fund (UNG) was 1.9% lower. Front-month US West Texas Intermediate crude oil was almost 2% higher at $68.54 per barrel at...
Sector Update: Financial
Sector Update: Financial
Oct 30, 2024
08:59 AM EDT, 10/30/2024 (MT Newswires) -- Financial stocks were leaning lower pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) slightly fell recently. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher. Tradeweb Markets ( TW ) shares were down more than...
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Competitor Analysis: Evaluating NVIDIA And Competitors In Semiconductors & Semiconductor Equipment Industry
Competitor Analysis: Evaluating NVIDIA And Competitors In Semiconductors & Semiconductor Equipment Industry
Dec 27, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...
What 14 Analyst Ratings Have To Say About Apple
What 14 Analyst Ratings Have To Say About Apple
Dec 26, 2024
Throughout the last three months, 14 analysts have evaluated Apple ( AAPL ) , offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 4 3 3...
Microsoft's Options Frenzy: What You Need to Know
Microsoft's Options Frenzy: What You Need to Know
Dec 26, 2024
Deep-pocketed investors have adopted a bearish approach towards Microsoft ( MSFT ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MSFT usually suggests something big is about to happen. We gleaned this information from...
Check Out What Whales Are Doing With POET
Check Out What Whales Are Doing With POET
Dec 26, 2024
Financial giants have made a conspicuous bearish move on POET Technologies ( POET ). Our analysis of options history for POET Technologies ( POET ) revealed 54 unusual trades. Delving into the details, we found 9% of traders were bullish, while 74% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $219,512,...
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Prairie Operating Buys DJ Basin Assets for $12.5 Million
Prairie Operating Buys DJ Basin Assets for $12.5 Million
Jul 2, 2025
09:33 AM EDT, 07/02/2025 (MT Newswires) -- Prairie Operating ( PROP ) said Wednesday it agreed to acquire oil and gas assets in the Denver-Julesburg Basin from Edge Energy II for $12.5 million in cash. Prairie said the deal adds about 11,000 net acres and roughly 190 barrels of oil equivalent per day from 47 wells. Prairie also said it...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Plumas Bancorp Completes Acquisition of Cornerstone Community Bancorp for About $61.3 Million
Plumas Bancorp Completes Acquisition of Cornerstone Community Bancorp for About $61.3 Million
Jul 2, 2025
09:43 AM EDT, 07/02/2025 (MT Newswires) -- Plumas Bancorp ( PLBC ) said Wednesday it has completed its previously announced acquisition of Cornerstone Community Bancorp for about $61.3 million. Under the terms, each Cornerstone share was converted into the right to receive a combination of 0.6608 shares of Plumas common stock and $9.75 in cash, the company said. Cornerstone Chief...
Inventus Mining Signs Milling Agreement With McEwen Mining
Inventus Mining Signs Milling Agreement With McEwen Mining
Jul 2, 2025
09:44 AM EDT, 07/02/2025 (MT Newswires) -- Inventus Mining ( GNGXF ) on Wednesday said it signed a milling agreement with McEwen Mining ( MUX ) for the processing of bulk sample material from its 100%-owned Pardo Gold Project near Sudbury, Ontario. Inventus will process bulk sample material from the Pardo Gold Project at McEwen's Stock Mill. The company can...
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Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss
Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss
Jun 12, 2024
ENA the native token of Ethena has been facing significant selling pressure in recent weeks. After an extended period of price declines, ENA plunged to $0.73, representing its weakest price level since May 20th. This, in turn, has translated to huge losses for ENA stakers. Lookonchain revealed that the largest ENA staker, who had staked 23.24 million ENA worth around...
US Spot Bitcoin ETFs Return to Inflows Amid Massive BTC Price Volatility
US Spot Bitcoin ETFs Return to Inflows Amid Massive BTC Price Volatility
Jun 12, 2024
The spot Bitcoin ETFs started the current business week negatively, ending their longest streak in terms of inflows on Monday. However, the tides have changed once again, perhaps due to the promising US CPI numbers that came out yesterday. CryptoPotato reported last Friday that these financial vehicles had recorded their 19th consecutive days of positive flows, which was the longest...
Bitcoin (BTC) Price Settles at $67.5K After CPI and FOMC
Bitcoin (BTC) Price Settles at $67.5K After CPI and FOMC
Jun 13, 2024
Bitcoin went on a real rollercoaster in the past few days in anticipation of the US CPI numbers and the subsequent FOMC meeting. The altcoins went on a similar ride, but now that the dust has settled, TON has emerged as todays top performer, followed by FET and KAS. BTCs Volatile Ride The primary cryptocurrency had a quiet weekend in...
When Will Ethereum Start Rallying Again? Here Are the Latest ETH Price Predictions
When Will Ethereum Start Rallying Again? Here Are the Latest ETH Price Predictions
Jun 12, 2024
TL;DR Ethereum (ETH) has declined to around $3,500, but analysts predict potential new all-time highs due to positive technical indicators. Metrics such as negative exchange netflow and a low RSI suggest reduced selling pressure and possible price recovery. Is It Time for a Resurgence? The price of Ethereum (ETH), similar to many other cryptocurrencies, plunged significantly in the past several...
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