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Euro hits one-week high ahead of German inflation data
Euro hits one-week high ahead of German inflation data
Oct 30, 2024
Euro rose in European trade on Wednesday on track for the third profit in a row against the US dollar, hitting a week high after data showed Spanish inflation rose past estimates in October, renewing the pressure on the European Central Bank. The odds of a 0.25% ECB interest rate cut in December dipped, with investors now waiting for official...
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...
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...
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...
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Sector Update: Financial Stocks Decline Premarket Monday
Sector Update: Financial Stocks Decline Premarket Monday
Jan 13, 2025
09:09 AM EST, 01/13/2025 (MT Newswires) -- Financial stocks were declining premarket Monday with the Financial Select Sector SPDR Fund (XLF) 0.4% lower recently. The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.5% higher. Blackstone (BX) is evaluating a sale of...
US STOCKS SNAPSHOT-Wall St opens lower as investors dial back bets on Fed rate cuts this year
US STOCKS SNAPSHOT-Wall St opens lower as investors dial back bets on Fed rate cuts this year
Jan 13, 2025
Jan 13 (Reuters) - Wall Street's main indexes opened lower on Monday, as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish stance for most of 2025. The Dow Jones Industrial Average fell 13.8 points, or 0.03%, at the open to 41,924.68. The S&P 500 fell 45.0 points, or 0.77%, at...
Gold Falls Off a Month High as the Dollar's Climb Continues
Gold Falls Off a Month High as the Dollar's Climb Continues
Jan 13, 2025
09:21 AM EST, 01/13/2025 (MT Newswires) -- Gold traded lower early on Monday as the dollar rose to the highest in more than two years. Gold for February delivery was last seen down US$32.50 to US$2,682.50 per ounce. The drop follows on three days of gains that pushed prices to the highest in a month, despite a strengthening dollar, which...
Sector Update: Energy Stocks Rise Pre-Bell Monday
Sector Update: Energy Stocks Rise Pre-Bell Monday
Jan 13, 2025
09:13 AM EST, 01/13/2025 (MT Newswires) -- Energy stocks rose pre-bell Monday as the Energy Select Sector SPDR Fund ( XLE ) recently advanced by 0.5%. The United States Oil Fund ( USO ) was up 0.8% and the United States Natural Gas Fund ( UNG ) was 0.5% lower. Front-month US West Texas Intermediate crude oil was 0.9% higher...
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Soccer-Man Utd owners understand injury struggles, says Ten Hag
Soccer-Man Utd owners understand injury struggles, says Ten Hag
May 10, 2024
May 10 (Reuters) - Manchester United's ( MANU ) owners understand that numerous injuries have contributed to the club's poor season, manager Erik ten Hag said on Friday as British media reports continue to speculate about the Dutchman's future at Old Trafford. Ten Hag's team have struggled in the Premier League, sitting eighth in the standings on 54 points with...
Array Technologies 'Well Positioned' for Outsized Growth as DuraTrack Price Adjustment Drives Higher Sales, Oppenheimer Says
Array Technologies 'Well Positioned' for Outsized Growth as DuraTrack Price Adjustment Drives Higher Sales, Oppenheimer Says
May 10, 2024
10:00 AM EDT, 05/10/2024 (MT Newswires) -- Array Technologies ( ARRY ) looks well positioned for outsized growth as its DuraTrack price adjustment is resulting in higher sales, Oppenheimer said in a note Friday. The company's H250 and OmniTrack products also meet the requirements of incremental market segments, the investment firm said. Oppenheimer also said Array is delivering on cost...
TPG to Boost Growth From Private Market Investments, Morgan Stanley Says
TPG to Boost Growth From Private Market Investments, Morgan Stanley Says
May 10, 2024
10:01 AM EDT, 05/10/2024 (MT Newswires) -- TPG (TPG) has an attractive growth opportunity in the private market industry that is complemented by an expected rebound in capital markets, Morgan Stanley said in a note on Friday. The outlook is in the context of an attractive $14 trillion private markets industry that we expect to grow at a low double...
What's Going On With SoundHound AI Shares Friday?
What's Going On With SoundHound AI Shares Friday?
May 10, 2024
SoundHound AI, Inc. ( SOUN ) shares are gaining in the morning session on Friday. SoundHound partnered with Perplexity, the conversational AI-powered answer engine. Jointly, the companies will integrate Perplexity’s online LLM capabilities into SoundHound Chat AI, enhancing its position as a leading voice assistant, leveraging real-time domains and generative AI responses, solidifying its status as the market’s most advanced voice assistant. “By integrating Perplexity search...
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Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Mar 22, 2024
Phishing scams have wreaked havoc in the digital asset ecosystem and are making a comeback amidst market-wide recovery. These attacks have grown increasingly sophisticated, leading to high-profile crypto investors, whales, and prominent industry figures becoming victims, ultimately resulting in substantial financial losses. In its latest update on March 21st, CertiK identified a deposit of 3,700 ETH into Tornado Cash on...
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Mar 22, 2024
Cardano (ADA) is showing strong growth in smart contract development. Since the beginning of the year, the number of Plutus scripts on the Cardano network, including Plutus V1 and V2, has surged by 171.45%,  At this pace, the Cardano network is adding nearly 500 new smart contracts daily. According to data from Cardano Blockchain Insights, the network has achieved 39,000...
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Mar 22, 2024
The cryptocurrency market has failed to recover as swiftly as many expected it to, and Bitcoins price seems to be struggling to break above $66K definitively. Most of the altcoins are also trading in the red, with two notable exceptions. Bitcoin Fails at $66K As seen in the chart below, Bitcoins price was unable to retain its bullish momentum that...
Solana Flips Ethereum: Captures Nearly Half of Global Crypto Investor Interest: Report
Solana Flips Ethereum: Captures Nearly Half of Global Crypto Investor Interest: Report
Mar 22, 2024
Solana (SOL) has become the most popular blockchain ecosystem in 2024, capturing nearly 50% of global crypto investor interest in chain-specific narratives, according to a recent report by crypto data aggregator CoinGecko. The report follows the accelerated resurgence of SOL this year, currently at $177 and getting closer to its 2021 highs. Another reason behind Solana’s massive traction is the...
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