financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
World >
Market >
Environment >
Technology >
What the Options Market Tells Us About ServiceNow
What the Options Market Tells Us About ServiceNow
Sep 25, 2024
Financial giants have made a conspicuous bullish move on ServiceNow ( NOW ). Our analysis of options history for ServiceNow ( NOW ) revealed 31 unusual trades. Delving into the details, we found 64% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $263,650, and 26...
US finalizes $123 million chips award for Polar Semiconductor
US finalizes $123 million chips award for Polar Semiconductor
Sep 24, 2024
WASHINGTON, Sept 24 (Reuters) - The U.S. Commerce Department said on Tuesday it had finalized a $123 million grant for Polar Semiconductor to expand its plant in Minnesota, which would allow the company to nearly double its U.S. production capacity of power and sensor chips. The award, part of the Biden administration's $52.7 billion semiconductor manufacturing and research subsidy program,...
Critical Insights From Procore Technologies Analyst Ratings: What You Need To Know
Critical Insights From Procore Technologies Analyst Ratings: What You Need To Know
Sep 24, 2024
Providing a diverse range of perspectives from bullish to bearish, 16 analysts have published ratings on Procore Technologies ( PCOR ) in the last three months. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 9...
Amazon to 'invest like crazy' in Monday Night Hockey
Amazon to 'invest like crazy' in Monday Night Hockey
Sep 24, 2024
Hockey Hall of Famer Mark Messier will contribute to Amazon Prime's new Monday Night Hockey broadcasts in Canada this season. Messier joins Prime Monday Night Hockey as an analyst, and the Hall of Famer will share 10 captivating segments featuring stories from his legendary career to air throughout the season, the NHL said in a press release. Prime's lineup also...
Personal Finance >
Politics >
Retail >
Business >
As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source says
As strike looms, Canada unwilling to wade into Air Canada pilot dispute, source says
Sep 2, 2024
* Air Canada ( ACDVF ) pilots demand pay close to U.S. carriers * Labour minister says extreme economic impact forced his hand at railroads * Airline says travelers reluctant to pay higher fares * * By Allison Lampert, David Ljunggren and Rajesh Kumar Singh Aug 30 (Reuters) - Canada is reluctant to force Air Canada's ( ACDVF ) pilots...
US requests trade dispute consultations with Canada over new digital services tax
US requests trade dispute consultations with Canada over new digital services tax
Sep 2, 2024
WASHINGTON (Reuters) -The U.S. has requested trade dispute settlement consultations with Canada over its new digital services tax, the Biden administration said on Friday, adding that the discriminatory tax appears inconsistent with Canada's North American trade deal obligations. The U.S. Trade Representative's office said in a statement that it will work with Canada to resolve U.S. concerns over the new...
Companies submit $4 bln plan to develop Cypriot gas field Aphrodite
Companies submit $4 bln plan to develop Cypriot gas field Aphrodite
Sep 2, 2024
JERUSALEM, Sept 1 (Reuters) - The partners in the offshore Aphrodite natural gas field have submitted a plan to the Cypriot government to develop the project at a cost of about $4 billion, Israel's NewMed Energy said on Sunday. NewMed said that together with partners Chevron ( CVX ) and Shell they updated an earlier development and production plan according...
Silicon Valley Bank's Chinese partner buys out stake in joint venture
Silicon Valley Bank's Chinese partner buys out stake in joint venture
Sep 2, 2024
BEIJING, Aug 31 (Reuters) - Silicon Valley Bank's Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, a Chinese financial regulator said late on Friday. Silicon Valley Bank's (SVB) collapse last year was one of the largest in U.S. banking history and left its joint...
Economy >
Cryptocurrency >
How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment
How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment
Jan 30, 2025
As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of investors hold cryptocurrencies. This metric takes into account the wallet sizes of small and large investors, especially whales and users who...
Crypto Community Protests MIT’s Rehiring of Gary Gensler
Crypto Community Protests MIT’s Rehiring of Gary Gensler
Jan 30, 2025
Former Securities and Exchange Commission (SEC) Chair Gary Gensler’s return to his old MIT haunt has ignited backlash from a section of the crypto industry. Gensler previously taught at the university before leading the SEC, where he became deeply unpopular for his strict regulatory approach. MIT Welcomes Back Gensler, But Crypto Leaders Push Back On January 27, the Massachusetts Institute...
XRP Predictions, LTC Updates, and Market Highlights: Bits Recap for January 31
XRP Predictions, LTC Updates, and Market Highlights: Bits Recap for January 31
Jan 31, 2025
TL;DR Ripple (XRP) holds strong above $3, with analysts eyeing a new ATH in the near future. Litecoin experienced a substantial revival, boosted by the SEC’s acknowledgment of a potential spot LTC ETF. Targets range up to $350. Bitcoin (BTC) has fluctuated between $98K and $106K, recently rebounding after Jerome Powell’s FOMC speech. One popular analyst suggests the price could...
Crypto Price Analysis January
Crypto Price Analysis January
Jan 31, 2025
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum could not hold above $3,300, and its price fell by 4% this week. However, sellers did not seem determined enough to break below $3,000, which is currently acting as a key support level. In the past three weeks, the price action was rather...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved