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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...

The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...

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...

01:56 PM EST, 02/07/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each easing 0.3%. The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was off 0.2%. Bitcoin (BTC-USD) was increasing 1.5% to $97,920, and the yield...

02:02 PM EST, 02/07/2025 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%. In corporate news, Newell Brands' ( NWL ) Q4 earnings came in ahead of Wall Street estimates, but revenue missed estimates, while the company issued...

01:56 PM EST, 02/07/2025 (MT Newswires) -- Tech stocks fell in Friday afternoon trading with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.4%. The Philadelphia Semiconductor index declined 1.8%. In corporate news, Amazon.com ( AMZN ) reported higher Q4 earnings and net sales late Thursday and issued Q1 net sales...

02:00 PM EST, 02/07/2025 (MT Newswires) -- (Updates prices.) Gold rose early on Friday, supported by safe-haven buying even as the dollar rose after the United States added fewer new jobs than expected in January. Gold for April delivery was last seen up US$12.30 to US$2,889.00 per ounce. The price of the metal rose to a record high of US$2,893.00...

Adobe is gearing up to announce its quarterly earnings on Wednesday, 2024-12-11. Here's a quick overview of what investors should know before the release. Analysts are estimating that Adobe will report an earnings per share (EPS) of $4.67. Investors in Adobe are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter....

WASHINGTON, Dec 10 (Reuters) - The U.S. Commerce Department said Tuesday it has finalized a nearly $6.2 billion government subsidy for Micron Technology ( MU ) for semiconductor production in New York and Idaho. The funding will support Micron's long-term plan to invest approximately $100 billion in New York and $25 billion in Idaho. Separately, the department has reached a...

During the last three months, 4 analysts shared their evaluations of C3.ai ( AI ) , revealing diverse outlooks from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 2...

Deep-pocketed investors have adopted a bearish approach towards Broadcom ( AVGO ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AVGO usually suggests something big is about to happen. We gleaned this information from...

More than determining the political fortunes in New Delhi, the people of Kerala, on April 23, will vote to convey whether the majority there stand by progress or will like to remain steeped in whatever is called their tradition, invented and otherwise

The BJP on Thursday announced its first list of 184 candidates for the Lok Sabha elections, fielding Prime Minister Narendra Modi from Varanasi and home minister Rajnath Singh from Lucknow.

The opposition 'Mahagathbandhan' in Bihar on Friday announced its seat-sharing formula for the 40 Lok Sabha seats in the state, half of which will be fought by Lalu Prasads RJD and nine by Congress.

India is gearing up for the 17th Lok Sabha elections, which will be conducted in seven phases starting from April...

May 29 (Reuters) - Exxon Mobil ( XOM ) shareholders on Wednesday re-elected Chairman Darren Woods and lead director Joseph Hooley, who were targeted by activist shareholders. The two had faced a vote no campaign by shareholder rights activists over the top U.S. oil company's lawsuit seeking to bar climate-focused investors from bringing future resolutions. ...

11:20 AM EDT, 05/29/2024 (MT Newswires) -- Blackrock Silver ( BKRRF ) said Wednesday it raised $10.35 million as it closed a bought-deal offering of share units. The company sold an underwriting syndicate 32.34-million units priced at $0.32 and made up of a share and one half of a two-year warrant to buy a second share for $0.48. The completed...

Blackstone Inc. ( BX ) stated that Blackstone Real Estate has agreed to sell Turtle Bay Resort for $725 million. Turtle Bay Resort has 450 rooms on 1,300 acres along the North Shore of O’ahu and boasts a variety of top-tier amenities. The sale is expected to close in the third quarter of 2024. Blackstone bought the hotel in 2018 for $332 million and...

Nikola Corporation ( NKLA ) shares are trading lower Wednesday, and the stock is down more than 20% over the past month. Here's a look at what's going on.  The Details: Nikola ( NKLA ) shares have fallen after the EV-maker reported worse-than-expected first-quarter financial results on May 7. The company reported sales of $7.5 million, compared to $10.7 million...

Bitcoins price continues to reclaim some of the recently lost glory, and jumped past $113,000 for the first time since Friday. Many altcoins have produced more substantial gains, including some of the larger-cap ones, such as HYPE, which set a new all-time high. Can BTC Reclaim $113K? After the sluggish previous week when BTC dropped below $108,000 on several occasions,...

TL;DR The cryptocurrency community, apart from all of its positive sides, often publishes various predictions and makes big claims, many of which turn out to be completely false. A popular X user now claims that there are strong rumors Apple will announce a big crypto purchase today and its XRP. Are the “rumors” in the room with us right now?...

Ripple has revealed a new agreement with BBVA that will see the Spanish bank adopt Ripples digital asset custody technology. The partnership comes as BBVA recently launched a crypto-asset trading and custody service in Spain, which offers Bitcoin (BTC) and Ether (ETH) to retail clients. Ripples Expansion Into Spain With this integration, BBVA will rely on Ripple Custody, an institutional-grade...

A prominent market analyst is raising alarms that the current uptick among altcoins is a deliberate setup, a final act of distribution before a potential macroeconomic storm. With critical inflation data and a Federal Reserve meeting on the horizon, he is labeling the rally as a sophisticated trap for overeager retail investors. Exit Pump Risk as Macro Events Loom In...