Yen tumbled in Asian trade on Friday to six-week lows against the US dollar, sharpening its losses for the second day following the Bank of Japans policy meeting. As expected, the BOJ maintained interest rates unchanged for the second meeting in a row, and as a challenge to market expectations, the BOJ asserted itll continue to purchase government bonds at...

US Dollar Index Slumps as Inflation Data Comes in Lower Than Expected US inflation fell unexpectedly in MayUS dollar slumps post-release. Recommended by Nick Cawley Trading Forex News: The Strategy The latest US inflation report showed price pressures easing by more than forecast, with all headline numbers coming in below expectations and last month’s numbers. The move lower in core...

USD, US Equities Analysis Post-FOMC Fed forced to trim rate cut bets due to hotter inflation profileUSD reclaims some lost ground on hawkish forecastsUS equities rally on lower yields, USD despite the hotter inflation outlook The Fed Forced to Trim Rate Cut Bets due to Hotter Inflation Profile Federal reserve members were allowed the opportunity to revise their individual interest...

Federal Reserve Chair Jerome Powell said the US economy achieved some progress in bringing inflation towards the 2% target and increasing job opportunities. Powell said the labor market has achieved a better balance with strong employment gains, while inflation fell from 7% to 2.7% but remains too high. He asserted the Feds commitment to bring inflation to the 2% target...

MILAN (Reuters) - Renewable energy shares, reeling from an investor retreat, face extended uncertainty as the U.S. election has added to wariness, leaving only selected stocks poised to benefit from any boost lower interest rates could provide to funding. The sector achieved bubble-like valuations in 2020-21, as major funds piled in, attracted by falling development costs. Since then, the gains...

08:10 AM EDT, 10/30/2024 (MT Newswires) -- US equity futures were little changed pre-bell Wednesday as traders digested strong results from technology giant Alphabet (GOOG, GOOGL). Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures flatlined, and Nasdaq futures were up 0.1%. Alphabet shares were up more than 6% pre-bell after the company reported late Tuesday higher Q3 earnings...

TOKYO, Oct 30 (Reuters) - Japanese government bond (JGB) yields fell on Wednesday, tracking U.S. Treasury yields lower, as the market awaited the outcome of the Bank of Japan's policy meeting. The 10-year JGB yield fell 1 basis point (bp) to 0.96%. Benchmark 10-year JGB futures rose 0.14 yen to 143.99. Benchmark 10-year U.S. Treasury yields hit a nearly four-month...

MILAN (Reuters) - Renewable energy shares, reeling from an investor retreat, face extended uncertainty as the U.S. election has added to wariness, leaving only selected stocks poised to benefit from any boost lower interest rates could provide to funding. The sector achieved bubble-like valuations in 2020-21, as major funds piled in, attracted by falling development costs. Since then, the gains...

In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating Broadcom ( AVGO ) against its key competitors in the Semiconductors & Semiconductor Equipment industry. By analyzing important financial metrics, market position, and growth prospects, we aim to...

Throughout the last three months, 13 analysts have evaluated Akamai Techs , offering a diverse set of opinions 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 2 7...

Iris Energy ( IREN ) is back in the spotlight, with analysts at Canaccord singing its praises for its efficient Bitcoin mining capabilities and potential for future diversification. What Happened: Citing the company’s massive power capacity and ongoing data center construction, Canaccord raised its share price target for Iris Energy ( IREN ) to $15, up from $12, Coindesk reported....

Investors with a lot of money to spend have taken a bearish stance on Qualcomm ( QCOM ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big...

The battle against fake news is not about curbing the freedom of others; nor is it compromising privacy.

An Indian cyber expert, seeking political asylum in the US, Monday claimed that the 2014 general election was "rigged" through the Electronic Voting Machines (EVMs), which, he says, can be hacked.

Interacting with students and their parents at the 'Pariksha pe Charcha 2.0' event here on Tuesday, Prime Minister Narendra Modi's snappy and witty answers left the audience in splits. In an instance where a mother raised concerns about her son being too involved in online games, Modi asked her: "Ye PUBG wala hai kya?" The question led to thunderous applause among the audience.

Poland's counterespionage agency arrested Huawei executive Wang Weijing along with a former Polish security official on Friday on charges of spying for China.

10:26 AM EST, 02/28/2025 (MT Newswires) -- Price: 24.24, Change: +1.15, Percent Change: +4.98 ...

10:29 AM EST, 02/28/2025 (MT Newswires) -- Intel ( INTC ) said it is delaying its $28 billion semiconductor project in central Ohio again, this time until 2030, with operations beginning in 2030 or 2031, The Columbus Dispatch reported Friday. Intel ( INTC ) did not immediately reply to a request for comment from MT Newswires. (Market Chatter news is...

* Changed Anima bid terms would allow UniCredit to walk away * Anima bid's value now up to 1.8 bln euros from up to 1.6 bln * Top shareholder Credit Agricole supported move (Adds details in paragraphs 10-14; decline to comment from UniCredit in 7) By Andrea Mandala and Valentina Za MILAN, Feb 28 (Reuters) - Banco BPM on Friday...

10:25 AM EST, 02/28/2025 (MT Newswires) -- PureCycle Technologies ( PCT ) said a US District Court granted preliminary approval of a settlement to resolve shareholder derivative lawsuits and certain shareholder demand letters. The court in the district of Delaware issued the order on Feb. 18., the company said Friday in a statement. The settlement includes corporate governance reforms and...

In a pioneering press release announcement, TRM Labs, the blockchain intelligence firm that assists businesses and law enforcement in combating crimes involving cryptocurrency, has unveiled Beacon Network, the first dedicated response network to real-time crypto fraud. Live Crypto Crime Detection Its designed to prevent illicit assets from leaving the blockchain and was developed in collaboration with law enforcement, stablecoin issuers, exchanges, and various...

The privately held company has made adjustments to the ETFs it manages, both reducing and adding to specific positions. Falling Prices Ark Invest, the investment management firm with more than $6 billion in assets under management (AUM), reduced the size of its ARKB (ARK 21Shares Bitcoin ETF) by 559.85 BTC, or approximately $64.4 million, as reported by the market watcher...

Speaking at the Wyoming Blockchain Symposium on Wednesday, central bank Governor Christopher Waller said, “the payment system is experiencing what I have called a ‘technology-driven revolution’.” He added that this includes instant payments, digital wallets, mobile payment apps, stablecoins, and other digital assets, and AI. He specifically cited stablecoins, or fiat-pegged crypto assets, as the driver of this fintech revolution....

TL;DR AVAX sees 585% transaction growth in 3 months, pushing adoption and user activity to new highs. Over 50 million unique wallets show rising AVAX network usage across retail, DeFi, and institutions. Wyoming and Japan stablecoins, Toyota, and SkyBridge build on AVAX, shifting focus from Ethereum. Transaction Growth Signals Strong Network Usage Avalanche (AVAX) has recorded rapid growth in activity...