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Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
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 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...
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,...
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EMERGING MARKETS-Mexican peso leads Latam FX down as US inflation data bolsters Fed rate worries
EMERGING MARKETS-Mexican peso leads Latam FX down as US inflation data bolsters Fed rate worries
Apr 25, 2024
* US economic growth slows in first quarter; inflation surges * Lower iron, nickel and copper prices weigh on Vale's earnings * Cement maker Cemex's Q1 profit climbs despite dip in volumes * Latam FX off 0.4%, stocks down 0.5% By Bansari Mayur Kamdar April 25 (Reuters) - The Mexican peso led losses among Latin American currencies on Thursday, after...
US Equity Indexes Decline, Treasury Yields Rise in Midday Trading
US Equity Indexes Decline, Treasury Yields Rise in Midday Trading
Apr 25, 2024
01:19 PM EDT, 04/25/2024 (MT Newswires) -- US equity indexes fell after midday Thursday as a sell-off in Meta Platforms ( META ) weighed on communication services sector, while government bond yields advanced after economic growth slowed in Q1. The S&P 500 fell 1% to 5,022.2, with the Dow Jones Industrial Average 1.3% lower at 37,966.3 and the Nasdaq Composite...
Slower-Than-Expected Economic Growth in Q1 Weighs on Exchange-Traded Funds, US Equities
Slower-Than-Expected Economic Growth in Q1 Weighs on Exchange-Traded Funds, US Equities
Apr 25, 2024
12:59 PM EDT, 04/25/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading lower. Actively-traded Invesco QQQ Trust (QQQ) was down 1.1%. US equity indexes slumped after midday Thursday as an uptick in inflation alongside slower growth pushed government bond yields higher, and a sharp sell-off in Meta Platforms (META) sank communication services. Energy...
What's Going On With Chemical Giant Dow Shares Today?
What's Going On With Chemical Giant Dow Shares Today?
Apr 25, 2024
Dow Inc ( DOW ) shares are trading lower after the company reported first-quarter FY24 results. Sales declined 9% Y/Y to $10.77 billion, beating the consensus of $10.74 billion. Sales were up 1% sequentially, led by gains in Performance Materials & Coatings and Industrial Intermediates & Infrastructure segments. Adjusted EPS was $0.56, above the consensus of $0.45. Local price fell 10% year-over-year. Sequentially, local price was flat, as modest gains...
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CoreWeave (CRWV) Stock Pulls Back From All-Time High: What's Going On?
CoreWeave (CRWV) Stock Pulls Back From All-Time High: What's Going On?
Jun 5, 2025
CoreWeave Inc ( CRWV ) shares are trading sharply lower Thursday despite a lack of company-specific news. Here’s what investors need to know. What To Know: This week’s surge in CoreWeave ( CRWV ) shares was fueled by a major infrastructure deal announced Monday with Applied Digital Corp ( APLD ). The companies signed two 15-year lease agreements granting CoreWeave...
Tesla Stock Slumps Amid Political Turmoil: What's Going On?
Tesla Stock Slumps Amid Political Turmoil: What's Going On?
Jun 5, 2025
Tesla Inc ( TSLA ) shares fell during Thursday’s trading session. The decline follows heightened political tensions and ongoing concerns about international sales performance. What To Know: CEO Elon Musk's public feud with President Donald Trump has intensified, with Musk urging Americans to oppose Trump's latest bill, calling it a threat to the U.S. economy. The bill, dubbed the “Big,...
Market Chatter: Xi Urges to Trump to Stop 'Negative' Measures, Agrees to More Talks
Market Chatter: Xi Urges to Trump to Stop 'Negative' Measures, Agrees to More Talks
Jun 5, 2025
10:56 AM EDT, 06/05/2025 (MT Newswires) -- Chinese President Xi Jinping told President Donald Trump to remove negative measures in trade negotiations and said that Trump was welcome to visit China, Bloomberg reported Thursday, citing a transcript of the phone conversation between the leaders published by China's state broadcaster. Xi agreed to more trade talks, the report said. (Market Chatter...
Canadian National Railway to Invest $58.6 Million in New Brunswick, Nova Scotia Operations
Canadian National Railway to Invest $58.6 Million in New Brunswick, Nova Scotia Operations
Jun 5, 2025
10:58 AM EDT, 06/05/2025 (MT Newswires) -- Canadian National Railway ( CNI ) said Thursday that it plans to invest 80 million Canadian dollars ($58.6 million) in New Brunswick and Nova Scotia, Canada as part of its 2025 capital investment program. The company said the planned investment will cover track maintenance and strategic infrastructure initiatives that support operations. Price: 106.31,...
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Radiant Capital Hacker Transfers Nearly $52M in Stolen Crypto to Ethereum: Data
Radiant Capital Hacker Transfers Nearly $52M in Stolen Crypto to Ethereum: Data
Nov 3, 2024
The person behind the recent Radiant Capital exploit has reportedly moved nearly all of the stolen crypto, valued at about $52 million, from Layer-2 networks to Ethereum. Blockchain security firm PeckShield shared the information on October 24, further dampening any hopes of recovering the funds. Attacker Almost Done Bridging Stolen Funds According to PeckShield, the attacker’s on-chain footprint showed they...
Coinbase Chief Demands Accountability from Future SEC Chair Over ‘Frivolous’ Crypto Cases
Coinbase Chief Demands Accountability from Future SEC Chair Over ‘Frivolous’ Crypto Cases
Nov 2, 2024
Coinbase CEO Brian Armstrong has called for the next US Securities and Exchange Commission (SEC) chair to address the agencys perceived inconsistencies in its approach to digital assets. Armstrongs criticism stems from the securities regulators shifting stance throughout the years which has caused frustration within the community. SECs Contradictions on Crypto His tweet, which accompanied a compilation of conflicting SEC...
Suspected Hacker Steals $20M in Crypto From US Government Bitfinex Wallet: Data
Suspected Hacker Steals $20M in Crypto From US Government Bitfinex Wallet: Data
Nov 3, 2024
A staggering $20 million in cryptocurrency linked to U.S. government addresses has been moved to a new wallet, raising alarms about a potential theft. The transactions originated from the government-controlled Bitfinex Hack Wallet, which housed part of the funds recovered from the 2016 attack on the Bitfinex crypto exchange. This resulted in a loss of nearly 120,000 BTC. Fund Movements...
MicroStrategy’s Michael Saylor Calls for Freedom of Choice in Bitcoin Custody Amid Backlash
MicroStrategy’s Michael Saylor Calls for Freedom of Choice in Bitcoin Custody Amid Backlash
Nov 3, 2024
After facing backlash for comments suggesting that regulated entities like BlackRock and Fidelity are safer options for holding Bitcoin, MicroStrategy founder Michael Saylor clarified his stance on self-custody. In a tweet, Saylor expressed his support for individuals who choose to self-custody their Bitcoin, while also advocating for the right of everyone to make their own choice. He even went on...
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