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US dollar falls as trade tensions resume
US dollar falls as trade tensions resume
Jun 2, 2025
The US dollar dipped down on Monday and gave up some of the gains made last week as investors assess the impact of US President Donald Trumps tariffs. The dollar was hurt after Trump announced plans to double the steel and aluminum tariffs to 50%, while China and the US traded criticism and accusations of violating the recent trade agreement...
Kiwio backs off eight-month high on profit-taking
Kiwio backs off eight-month high on profit-taking
Jun 3, 2025
The New Zealand dollar fell in Asian trade on Tuesday against a basket of major rivals, giving up an eight-month high against the dollar on profit-taking. The odds of a New Zealand rate cut in July took a dip recently, with investors now awaiting important New Zealand data on inflation, unemployment, and growth to gather more clues. The Price The...
Yen extends gains amid mounting global tensions
Yen extends gains amid mounting global tensions
Jun 2, 2025
The Japanese yen rose in Asian trade on Monday on track for the third profit in a row against the US dollar on haven demand amid mounting global and geopolitical tensions. Renewed US-China tensions threaten to tank the initial trade agreement reached in Switzerland, with increasing animosity between Russia and the west after Ukraine executed a complex attack that targeted...
Euro moves in a positive zone as the week opens up
Euro moves in a positive zone as the week opens up
Jun 2, 2025
The euro rose in European trade on Monday against a basket of major rivals, moving in a positive zone against the dollar amid renewed negative pressures on the US currency due to mounting US-China trade tensions. Recent positive eurozone data and bullish remarks from ECB officials led to divisions among policymakers about the prospect of a rate cut in June,...
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Sector Update: Energy
Sector Update: Energy
Oct 10, 2024
03:27 PM EDT, 10/09/2024 (MT Newswires) -- Energy stocks rose late Wednesday afternoon with the NYSE Energy Sector Index up 0.2% and the Energy Select Sector SPDR Fund (XLE) adding 0.6%. The Philadelphia Oil Service Sector index eased 0.2% lower, and the Dow Jones US Utilities index fell 0.3%. US crude oil stocks, including those in the Strategic Petroleum Reserve,...
US STOCKS-Equities rise with inflation data, earnings in focus; Alphabet drops
US STOCKS-Equities rise with inflation data, earnings in focus; Alphabet drops
Oct 10, 2024
* Google-parent Alphabet down on potential DOJ action * Boeing ( BA ) falls after talks with union halted * Fed minutes * Indexes: Dow up 0.78%, S&P 500 up 0.46%, Nasdaq up 0.35% (Updated prices at 2:24 p.m ET/ 1824 GMT) By Sinéad Carew and Lisa Pauline Mattackal Oct 9 (Reuters) - Wall Street's three main stock indexes rose...
Sector Update: Financial
Sector Update: Financial
Oct 10, 2024
03:32 PM EDT, 10/09/2024 (MT Newswires) -- Financial stocks advanced in late Wednesday afternoon trading with the NYSE Financial Index up 0.3% and the Financial Select Sector SPDR Fund (XLF) increasing 0.8%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.3%. Bitcoin (BTC-USD) fell 1.8% to $63,126, and the yield for 10-year...
Sector Update: Health Care
Sector Update: Health Care
Oct 10, 2024
03:38 PM EDT, 10/09/2024 (MT Newswires) -- Health care stocks rose late Wednesday afternoon, with the NYSE Health Care Index up 0.8% and the Health Care Select Sector SPDR Fund (XLV) climbing 0.9%. The iShares Biotechnology ETF (IBB) eased 0.1%. In corporate news, Amazon.com's ( AMZN ) Amazon Pharmacy said Wednesday it plans to open pharmacies in 20 new cities...
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Logitech to shift some production from China to counter Trump tariffs
Logitech to shift some production from China to counter Trump tariffs
May 25, 2025
ZURICH (Reuters) -Logitech International will mitigate the impact of U.S. President Donald Trump's tariff policy by shifting some production of its computer mice and other peripherals away from China. Chief Executive Hanneke Faber said she would take an active approach to handling trade barriers, an issue of particular concern for Logitech, which produces all of its products outside the United...
Commvault Cloud Gets GovRAMP Authorization
Commvault Cloud Gets GovRAMP Authorization
May 25, 2025
09:31 AM EDT, 04/28/2025 (MT Newswires) -- Commvault Systems ( CVLT ) said Monday its Commvault Cloud has achieved GovRAMP authorized status at a high impact level for its SaaS cyber resilience products. The authorization, which means it has met the most rigorous security and risk management standards, allows state and local government agencies and educational institutions to securely handle...
Chip designer MediaTek unable to give full-year outlook given tariff uncertainty
Chip designer MediaTek unable to give full-year outlook given tariff uncertainty
May 25, 2025
TAIPEI (Reuters) -The chief executive of Taiwan's top chip design company MediaTek ( MDTTF ) said on Wednesday he was unable to give full-year earnings guidance due to uncertainty about U.S. tariffs, but that he was generally optimistic given strong AI demand. Tech firms in Taiwan, home to the world's largest contract chipmaker TSMC, face the possibility that U.S. President...
Chip designer MediaTek unable to give full-year outlook given tariff uncertainty
Chip designer MediaTek unable to give full-year outlook given tariff uncertainty
May 25, 2025
TAIPEI, April 30 (Reuters) - The chief executive of Taiwan's top chip design company MediaTek ( MDTTF ) said on Wednesday he was unable to give full-year earnings guidance due to uncertainty about U.S. tariffs, but that he was generally optimistic given strong AI demand. Tech firms in Taiwan, home to the world's largest contract chipmaker TSMC, face the possibility...
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Ethereum Price Analysis: Is ETH in Danger of Falling to $3K?
Ethereum Price Analysis: Is ETH in Danger of Falling to $3K?
Apr 5, 2024
Ethereum’s price has been correcting over the past few weeks after setting a local high around the $4,000 mark. While the price is yet to recover, the bull market may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating between $3,000 and $3,600. Following the recent rejection from $3,600,...
Bullish? 3 Billion USDT Entered These Crypto Exchanges in Just 3 Days: Data
Bullish? 3 Billion USDT Entered These Crypto Exchanges in Just 3 Days: Data
Apr 5, 2024
Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding...
BTC Faces Enhanced Volatility as US Govt Sells Silk Road
BTC Faces Enhanced Volatility as US Govt Sells Silk Road
Apr 5, 2024
This week was quite a volatile rollercoaster for the primary cryptocurrency and the rest of the market, perhaps driven by actions undertaken by the US government. Recall that BTCs price had stalled at around $69,000 last Friday as the bulls had failed to overcome the $70,000 level. Following a relatively quiet weekend, in which BTC stayed at around the same...
BTC Needs to Break This Level to Aim for a New All
BTC Needs to Break This Level to Aim for a New All
Apr 5, 2024
Bitcoin’s price is currently consolidating below the $70K level, failing to continue its rally and make a higher all-time high. Yet, investors remain optimistic as no worrying signs are surfacing yet. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been hovering around the $70K mark and is yet to show a prolonged movement to...
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