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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...
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...
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...
Australian inflation beats estimates in April
Australian inflation beats estimates in April
May 28, 2025
Australias consumer prices rose 2.4% y/y in April, beating estimates of 2.3%, and same as the previous reading. The data showcases the impact of inflationary pressures on Australian monetary policymakers, and huts the odds of an Australian rate cut in July. Do you need help in trading decisions? Do you want to learn how to start trading? Join Economies.com VIP...
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Could California's EV adoption goals raise the cost of car insurance?
Could California's EV adoption goals raise the cost of car insurance?
Dec 16, 2024
California has ambitious plans to completely phase out the sale of new non-EV vehicles over the next decade, but what does that mean for drivers' pockets in the state? Starting in 2026, California will embark on a plan to phase out the sale of gas-powered passenger vehicles, with a goal to transition to 100 percent EV sales for new vehicles...
Arm CEO downplays ambitions to make its own chip in Qualcomm case
Arm CEO downplays ambitions to make its own chip in Qualcomm case
Dec 16, 2024
WILMINGTON, Delaware (Reuters) -The chief executive of Arm on Monday downplayed the company's ambitions to become a chip supplier in its own right at a trial against Qualcomm, a major customer that pays Arm an estimated hundreds of millions of dollars per year. The crux of the litigation is a clash over Qualcomm's license agreement for the use of Arm's...
Two charged over deadly Iran-linked drone strike on US troops in Jordan
Two charged over deadly Iran-linked drone strike on US troops in Jordan
Dec 16, 2024
BOSTON (Reuters) -U.S. prosecutors on Monday charged two men with illegally exporting sensitive technology to Iran that was used in a drone attack carried out by Iran-backed militants in Jordan in January that killed three U.S. service members and injured 47 others. Federal prosecutors in Boston charged Mohammad Abedini, the co-founder of an Iranian-based company, and Mahdi Sadeghi, an employee...
Forecasting The Future: 10 Analyst Projections For Freshworks
Forecasting The Future: 10 Analyst Projections For Freshworks
Dec 17, 2024
During the last three months, 10 analysts shared their evaluations of Freshworks ( FRSH ) , revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3...
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