The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...

The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...

The Australian dollar rallied in Asian trade on Monday to a five-month high against the US dollar, expanding gains for the second straight session and on track towards 65 cents. It comes after a historic win by the governing Labor Party, which bolsters the governments position towards growing global trade risks from Trumps tariffs. The Price The AUD/USD price rose...

The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...

As expected, the US Federal Reserve hiked the key interest rate by 25 basis points (bps). This follows the runaway rise in prices of commodities, especially crude oil, amid the ongoing Russian-Ukraine war. Though the Fed is expected to raise rates multiple times this year, the decline in consumer spending due to higher gas prices could result in economic shrinkage.

There are three concerns for markets. The Russia-Ukraine war, according to news reports on Wednesday indicated that maybe things are thawing a little bit there. China has been a big problem for markets. And Fed has left no uncertainty on the table at least at this point in time.

Here are the top news from the world of business, economics, politics, and more, handcrafted for you by the CNBC-TV18.com team.

The Big Four auditing companies are Deloitte & Touche LLP, Ernst & Young LLP, KPMG LLP, and PricewaterhouseCoopers LLP, which are responsible for auditing the majority of publically listed companies in the US.

TikTok, owned by China's ByteDance, has 125 million active monthly users in Indonesia, a country of more than 270 million people. It has been looking to translate the large user base into a major e-commerce revenue source.

Over two decades, Google said that it has employed machine learning and AI to enhance products, focusing on language translations, flood forecasts, and agricultural productivity in India.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

Karnataka Chief Minister Siddaramaiah, this policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector.

Biden faces strong criticism from some Republicans for pulling out of Afghanistan, even though President Donald Trump made the 2020 deal with the Taliban to withdraw all US forces by May 2021.

Pakistan has an impressive 26-and-a-half out of 27 marks in the tasks given by FATF to check terror financing. Of the 40 points set by the Asia Pacific Group, effectively a part of the FATF in a parallel exam, Pakistan has scored 30 so far. The trouble for Pakistan is that the pass mark is 100 percent in both parallel exams. And that’s still not it.

Former Vice President Mike Pence on Thursday defended his role in certifying the results of the 2020 election, saying he was proud of what he did on January 6 and declaring that there is almost no idea more un-American than the notion that any one person could choose the American president.

Iran agreed in 2015 to curbs on its uranium enrichment programme, a possible pathway to nuclear weapons, in return for the lifting of international sanctions.

11:16 AM EST, 12/18/2024 (MT Newswires) -- 3M's ( MMM ) initial 2025 guidance will likely be better than feared after management's recent comments triggered investor concerns, UBS Securities said Tuesday in a report. UBS estimates buy-side expectations for the industrial conglomerate's 2025 per-share earnings in the $7.50 range, compared with Wall Street's projections for $7.90, driven by $0.30 of...

Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies ( PLTR ). Looking at options history for Palantir Technologies ( PLTR ) we detected 52 trades. If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with...

Dec 18 (Reuters) - Chicago Atlantic: * CHICAGO ATLANTIC AND LINEAGE MERCHANT PARTNERS ANNOUNCE TRANSFORMATIVE MERGER AGREEMENTS IN THE CANNABIS INDUSTRY * CHICAGO ATLANTIC: MERGER AGREEMENTS WITH WHOLESOMECO CANNABIS AND PROPER CANNABIS INCLUDE ACQUISITION OF ARCHES * CHICAGO ATLANTIC: VIREO SIGNED A BINDING MOU TO ACQUIRE THE FLOWERY Source text: Further company coverage: ...

11:14 AM EST, 12/18/2024 (MT Newswires) -- Shares of Jabil ( JBL ) advanced intraday Wednesday after the manufacturing solutions provider reported smaller-than-expected declines in fiscal first-quarter results while raising its 2025 outlook. Revenue dipped to $6.99 billion for the three months ended Nov. 30 from $8.39 billion the year earlier but surpassed the $6.61 billion average analyst estimate on...

On November 6, the Republican presidential nominee, Donald Trump, won the United States elections, becoming the countrys 47th president. His victory triggered all forms of reaction across several financial assets as market participants rejoiced or expressed disappointment in the election outcome. A tweet by on-chain analytics firm Santiment has revealed that the crypto and equities markets became charged with positive...

The CEO of WonderFi, a prominent Canadian cryptocurrency holding company, was reportedly hijacked during rush hour in Toronto and later released after paying a ransom of a million Canadian dollars, or about $720,000. Dean Skurka was forced into a vehicle by assailants on Wednesday but was released unharmed after the money was paid. Skurka Reassures Users of Fund Safety According...

This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in greater detail. Ethereum (ETH) Ethereum concludes a strong week with an impressive 21% price increase which brings it above $3,000. Such a rally was not seen in months. This is returning optimism and excitement to the ETH ecosystem after a difficult period since March. The most important level on...

Within a few days after the conclusion of the United States presidential elections, investor sentiment in the crypto derivatives market has changed, revealing a major shift towards bullishness and a huge appetite for leveraged long positions. According to a crypto derivatives analytics report by the leading digital asset trading platform Bybit, in partnership with the research and analysis firm Block...