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...

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...

The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...

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...

04:06 PM EST, 12/27/2024 (MT Newswires) -- Health care stocks were declining late Friday afternoon, with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.5%. The iShares Biotechnology ETF (IBB) fell 0.9%. In corporate news, Vaxart ( VXRT ) shares surged 20% after it said Friday it secured a $4.6 million...

04:36 PM EST, 12/27/2024 (MT Newswires) -- US equity indexes edged higher this week with traders on Friday cashing in on gains from earlier in 2024 rather than extending the traditional Santa Claus rally that typically runs between Dec. 24 through Jan. 3. * The S&P 500 ended at 5,970.84 versus 5,930.85 a week earlier, and the Nasdaq Composite closed...

04:35 PM EST, 12/27/2024 (MT Newswires) -- US benchmark equity indexes retreated Friday amid declines in certain mega-cap stocks. The Nasdaq Composite fell 1.5% to 19,722, while the S&P 500 dropped 1.1% to 5,970.8. The Dow Jones Industrial Average lost 0.8% to 42,992.2. Consumer discretionary saw the biggest drop among sectors, while energy was little changed. No sector posted a...

04:18 PM EST, 12/27/2024 (MT Newswires) -- After a string of winning days prior to the Christmas break, the Toronto Stock Exchange fell 50 points to 24,796.40 on its return to business Friday amid some strong selling pressure across North America, particularly in technology stocks. In the United States, the Dow Jones Industrial Average was shortly before the close today...

Executives from Microsoft Corp., Citigroup Inc., Tesla Inc. and other large multinationals are meeting this week with Chinese President Xi Jinping and other Asian leaders, as well as US President Joe Biden.

Nearly all Open AI employees have threatened to quit unless the board stepped down with both Microsoft and Salesforce putting out offers to poach the disgruntled employees.

Efforts by a group of OpenAI executives and investors to reinstate Sam Altman to his role as chief executive officer...

The state-of-the-art campus plans to host approximately 3,000 AMD engineers in the coming years, and is focused on the design and development of semiconductor technology, including 3D stacking, artificial intelligence and machine learning.

India-Canada Tension: While BookMyShow's official statement did not explicitly state the reason behind the cancellation, it confirmed that 'singer Shubneet Singh's Still Rollin Tour for India stands cancelled.' It assured all ticket holders that their money would be refunded in 7-10 working days.

The investigation moving forward would be the most productive thing that can happen now, according to Blinken's statement.

Besides Clapton, Alicia Silverstone, Rob Schneider and Woody Harrelson (who later retracted) have publicly supported RFK Jr, who reportedly said COVID-19 may just be 'ethnically targeted.' The virus targets Caucasians and Black people while sparing Ashkenazi Jewish people and Chinese people, he said at a New York dinner.

Greece has repeatedly asked the British Museum to permanently return the 2,500-year-old sculptures that British diplomat Lord Elgin removed from the Parthenon temple in the early 19th century when he was ambassador to the Ottoman Empire.

The meme coin space is facing a mix of IP disputes and speculative frenzy as community-driven projects like Neiro (CRYPTO: NEIRO) tokens clash over legitimacy, while Fartcoin (CRYPTO: FARTCOIN)—an AI-inspired meme token—surged to a market cap of $763.9 million. What Happened: Own The Doge DAO, the organization holding the original Dogecoin (CRYPTO: DOGE) meme IP, announced that it has acquired...

Dec 18 (Reuters) - SandboxAQ said on Wednesday it has raised more than $300 million in funding, valuing the startup spun off from Alphabet at $5.3 billion, as it aims to fast-track the development of advanced artificial intelligence systems for computation. This follows a $500 million fundraising last year to help customers prepare for a quantum computing future. The new...

10:49 AM EST, 12/18/2024 (MT Newswires) -- Price: 176.98, Change: +0.66, Percent Change: +0.37 ...

Dec 18 (Reuters) - Novo Holdings, the controlling shareholder of Novo Nordisk, on Wednesday sealed its $16.5 billion deal for Catalent ( CTLT ), as the Danish drugmaker looks to boost supplies of its widely popular weight-loss drug Wegovy. Novo Nordisk will take control of three fill-finish facilities of the contract drug manufacturer in Italy, Belgium, and the U.S. as...

Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to the Bloomberg.

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August.

Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Changpeng Zhao will pay a $50 million fine under a deal that requires him to step down as CEO. Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle.

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday.