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Japanese yen expands gains to four-week high in a strong start
Japanese yen expands gains to four-week high in a strong start
May 26, 2025
The Japanese yen rose in Asian trade on Monday against a basket of major rivals, expanding gains for the second straight session against the dollar and hitting a four-week high on haven demand amid concerns about US debt levels following Trumps tax reform bill. The gains are boosted as well by increasing inflationary pressures on Bank of Japans policymakers, which...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
US dollar tries to recover from five-week trough
US dollar tries to recover from five-week trough
May 27, 2025
The US dollar rose in European trade on Tuesday for the first time in three sessions against a basket of major rivals, as it tries to recover from five-week lows on short-covering. Now traders await important US data later today to assess the odds of future Fed rate cuts. The Index The dollar index rose 0.5% to 99.44, with a...
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Sector Update: Tech
Sector Update: Tech
Aug 5, 2024
01:36 PM EDT, 08/05/2024 (MT Newswires) -- Tech stocks were falling Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 2.8% and the SPDR S&P Semiconductor ETF (XSD) slumping 1.8%. The Philadelphia Semiconductor index shed 1.1%. In corporate news, Wix.com ( WIX ) shares gained 2.2% after it said Monday it has expanded its partnership with Alphabet's (GOOG)...
Sector Update: Energy Stocks Fall in Monday Afternoon Trading
Sector Update: Energy Stocks Fall in Monday Afternoon Trading
Aug 5, 2024
01:53 PM EDT, 08/05/2024 (MT Newswires) -- Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index falling 1.8% and the Energy Select Sector SPDR Fund (XLE) dropping 1.8%. The Philadelphia Oil Service Sector index retreated 3%, and the Dow Jones US Utilities index slumped 2.1%. Front-month West Texas Intermediate crude oil was declining 0.9% to $72.86 a...
Top Midday Gainers
Top Midday Gainers
Aug 5, 2024
01:51 PM EDT, 08/05/2024 (MT Newswires) -- TenX Keane Acquisition ( TENK ) shareholders approved the company's proposed merger with Citius Pharmaceuticals' (CTXR) oncology unit. The combined company will be renamed Citius Oncology Inc. TenX shares skyrocketed 192% as intraday trading volume surged to over 1.3 million from a daily average of about 11,000. Zevra Therapeutics ( ZVRA ) shares...
US Equity Indexes Plunge as Recession Concern Mounts
US Equity Indexes Plunge as Recession Concern Mounts
Aug 5, 2024
01:43 PM EDT, 08/05/2024 (MT Newswires) -- US equity indexes plunged midday Monday as widespread pricing of interest-rate cuts in September and beyond fanned concern a recession is lurking. The Nasdaq Composite fell 2.8% but was off session lows when the technology-heavy gauge was down more than 1,000 points, prompting Reuters to report that the so-called Magnificent Seven stocks were...
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Chipmaker Micron's shares slump as tepid margin forecast eclipses AI prospects
Chipmaker Micron's shares slump as tepid margin forecast eclipses AI prospects
Mar 21, 2025
March 21 (Reuters) - Micron's shares fell 8% on Friday, as its dour margin forecast took the shine off a robust quarterly revenue outlook driven by demand for its semiconductors used in artificial intelligence tasks. Micron, one of only three providers of high-bandwidth memory (HBM) chips for data-intensive generative AI applications, forecast adjusted gross margin below estimates on Thursday, as...
Prysmian signs deal with U.S. Relativity Networks for new fibre cables
Prysmian signs deal with U.S. Relativity Networks for new fibre cables
Mar 21, 2025
MILAN, March 21(Reuters) - Prysmian, the world's biggest cable maker, has signed a long-term partnership with U.S. firm Relativity Networks to produce hollow-core optical fibre cables to meet growing demand in data centres, the two companies said on Friday. Under the partnership, Prysmian will manufacture high-performance cables based on Relativity Networks' hollow-core fibre technology, for which the U.S. company is...
Group of EU states seeks faster progress in chips industry
Group of EU states seeks faster progress in chips industry
Mar 21, 2025
THE HAGUE (Reuters) - Nine European Union countries are working to speed up plans to boost the bloc's computer chip industry and aim to present their proposals by the summer, one of the coalition's leaders said on Friday. The coalition, which includes Italy, France, Germany, Spain and the Netherlands, is doing homework for the new Chips Act, Dutch Economy Minister...
BT Group In Preliminary Talks With AT&T, Orange Over International Tie-Up Possibilities: Report
BT Group In Preliminary Talks With AT&T, Orange Over International Tie-Up Possibilities: Report
Mar 21, 2025
British multinational telecommunications giant BT Group ( BTGOF ) has reportedly approached AT&T Inc ( T ) and Orange SA ( FNCTF ) about possible partnerships. BT has approached major telecommunications companies about potential partnerships to revitalize its international business, Bloomberg reported Friday, citing people familiar with the matter. The discussions are still in the early stages, and the sources...
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BioCardia Seeks FDA Meeting on CardiAMP System Approval
BioCardia Seeks FDA Meeting on CardiAMP System Approval
Apr 2, 2026
11:39 AM EDT, 04/02/2026 (MT Newswires) -- BioCardia ( BCDA ) said Thursday it has requested a meeting with the US Food and Drug Administration to discuss the accelerated approval pathway for the CardiAMP System for ischemic chronic heart failure with reduced ejection fraction. The request followed its submission of the CardiAMP HF clinical study data, the company said, adding...
PVH Seen Delivering Long-Term Earnings Growth on Brand Strength, UBS Says
PVH Seen Delivering Long-Term Earnings Growth on Brand Strength, UBS Says
Apr 2, 2026
11:31 AM EDT, 04/02/2026 (MT Newswires) -- PVH (PVH) has the brand strength, strategy and the balance sheet to drive its earnings growth over the long-term, with the company slated to deliver an earnings per share long-term compound annual growth rate in the double-digits, UBS Securities said in a Thursday note. The brokerage said the company's fiscal Q4 results as...
Eni Board Approves Bond Issuance Plan
Eni Board Approves Bond Issuance Plan
Apr 2, 2026
11:37 AM EDT, 04/02/2026 (MT Newswires) -- Eni (E) said Thursday its board approved a plan to issue bonds of up to 10 billion euros ($11.55 billion) to support its financial structure. The Italian energy company said the bonds will be issued in one or more tranches to institutional investors, depending on market conditions, through March 31, 2028. Proceeds will...
Energous Stock Back In Focus As Fugazi Targets Dilution And Stock Promotion
Energous Stock Back In Focus As Fugazi Targets Dilution And Stock Promotion
Apr 2, 2026
Energous Corp ( WATT ) shares are in focus Thursday morning after Fugazi Research published a follow-up bearish report that renewed concerns about the company's reliance on dilution, stock promotion and broader questions around how the WATT story has been distributed to retail investors. Here’s what investors need to know. Energous ( WATT ) stock is trending Thursday. Why are...
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Bullish Signal? Ethereum Sees Highest Surge in Network Growth Since October 2022
Bullish Signal? Ethereum Sees Highest Surge in Network Growth Since October 2022
Jan 27, 2025
Despite the negative sentiment surrounding Ethereum in recent months, the crypto network has just recorded significant growth, the kind that has not been seen in more than two years. According to an analysis by the market intelligence platform Santiment, between January 24 and 25, Ethereum witnessed a significant surge in network growth, the highest since October 8, 2022. ETH Wallet...
Why is the Cardano (ADA) Price Down Today
Why is the Cardano (ADA) Price Down Today
Jan 27, 2025
ADA crashed by 10% today as bears return. Key Support levels: $0.90, $0.73 Key Resistance levels: $1, $1.3 1. Price Struggles at Key Support Cardano is about to decide where it goes next. If the key support at 90 cents does not hold, then it will turn into a resistance and see the price fall lower towards 73 cents next....
MicroStrategy Announces Another Billion Dollar Bitcoin Purchase
MicroStrategy Announces Another Billion Dollar Bitcoin Purchase
Jan 27, 2025
Michael Saylor, the founder and former CEO of MicroStrategy, announced the companys latest massive acquisition of BTC. The firm has stayed consistent for the past several months in announcing new bitcoin buys on the first business day of each week. MicroStrategy has acquired 10,107 BTC for ~$1.1 billion at ~$105,596 per bitcoin and has achieved BTC Yield of 2.90% YTD...
Major Shiba Inu Announcement: Is This Why SHIB Price Plunged?
Major Shiba Inu Announcement: Is This Why SHIB Price Plunged?
Jan 27, 2025
TL:DR; Shiba Inu is among the many double-digit price losers on a daily scale in the cryptocurrency space, dropping by 11% to under $0.000018. Although the entire market is covered in red, SHIBs losses could also be attributed to a major announcement by one of the team leaders. SHIBUSD. Source: TradingView Leader Steps Down The announcement in question came from...
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