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Asteroid mining: A multi-trillion dollar resource race
Asteroid mining: A multi-trillion dollar resource race
Sep 28, 2025
Imagine bringing back vast quantities of platinum, gold, and rare metals enough to fund every Americans wildest dreams, or perhaps collapse the global economy overnight. This is the high-stakes gamble NASA and a wave of innovative US startups are taking as they chase the untapped riches of asteroids. As NASAs Psyche probe speeds toward its 2029 rendezvous with the metallic...
Franc edges up before SNB's decisions
Franc edges up before SNB's decisions
Sep 25, 2025
The Swiss franc rose in European trading on Thursday against a basket of global currencies, resuming gains against the U.S. dollar as the greenbacks rally paused ahead of key U.S. economic data releases. The francs advance, however, remains limited, with investors refraining from building large positions ahead of the Swiss National Banks (SNB) policy decision, where rates are widely expected...
US dollar extends gains amid lack of downward pressures
US dollar extends gains amid lack of downward pressures
Sep 25, 2025
The US dollar has not advanced this week on the back of war drums or geopolitical tensions. Instead, it continues to edge higher for more ordinary but equally persistent reasons: there simply hasnt been enough fuel for the bears to justify short positions at the weeks opening levels. Traders hoping for a flow of weak US data to support dollar...
Yen tries to recover amid negative pressures
Yen tries to recover amid negative pressures
Sep 25, 2025
The Japanese yen rose in Asian trading on Thursday against a basket of major and minor currencies, attempting to recover from a three-week low against the U.S. dollar. The move came on the back of bargain buying from lower levels, supported by a pause in the dollars rally ahead of key U.S. data releases. Expectations for a Bank of Japan...
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Sector Update: Tech
Sector Update: Tech
Mar 8, 2024
01:27 PM EST, 03/08/2024 (MT Newswires) -- Tech stocks were in the red Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 1.2% and the SPDR S&P Semiconductor ETF (XSD) dropping 2.1%. The Philadelphia Semiconductor index fell 3.4%. In corporate news, Marvell Technology ( MRVL ) shares plunged past 10% after the company's fiscal Q1 earnings forecast trailed...
Sector Update: Health Care
Sector Update: Health Care
Mar 8, 2024
01:28 PM EST, 03/08/2024 (MT Newswires) -- Health care stocks were mixed Friday afternoon, with the NYSE Health Care Index decreasing 0.2% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%. The iShares Biotechnology ETF (IBB) rose 0.2%. In corporate news, Eli Lilly ( LLY ) shares dropped 3% after it said Friday that its Alzheimer's disease drug...
Sector Update: Energy
Sector Update: Energy
Mar 8, 2024
01:23 PM EST, 03/08/2024 (MT Newswires) -- Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.2%. The Philadelphia Oil Service Sector index was posting a 0.7% decline and the Dow Jones US Utilities index was up 0.2%. Front-month West Texas Intermediate crude oil was declining...
Sector Update: Financial
Sector Update: Financial
Mar 8, 2024
01:29 PM EST, 03/08/2024 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising about 0.3% The Philadelphia Housing Index was falling 0.6% and the Real Estate Select Sector SPDR Fund (XLRE) gained 1.2%. Bitcoin (BTC-USD) was increasing 2.8% to $68,833, and the yield...
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Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Jun 1, 2026
June 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday: ** Drax ( DRXGF ) has agreed to buy Bluefield Solar Income Fund in a deal valuing the renewable energy-focused investment company at about £561 million ($755.3 million), the British power group said. ** BP said it agreed to sell 5% of...
Market Chatter: Nvidia AI Chip Exports Face Tighter US Controls on Chinese Firms' Overseas Units
Market Chatter: Nvidia AI Chip Exports Face Tighter US Controls on Chinese Firms' Overseas Units
Jun 1, 2026
05:42 AM EDT, 06/01/2026 (MT Newswires) -- Nvidia ( NVDA ) could face stricter limits on advanced AI chip shipments to overseas units of Chinese companies after the US clarified that export licensing rules apply to Chinese entities worldwide, Reuters reported Monday. The move aims to close a loophole that may have allowed overseas subsidiaries of Chinese firms to access...
Li Auto Delivers 33,350 Vehicles in May
Li Auto Delivers 33,350 Vehicles in May
Jun 1, 2026
05:41 AM EDT, 06/01/2026 (MT Newswires) -- Li Auto ( LI ) delivered 33,350 vehicles in May, the company said Monday. Cumulative deliveries as of May 31 reached 1.7 million vehicles, Li Auto ( LI ) said. The company said that within two weeks of the Li L9 Livis launch in May, it received over 10,000 orders. ...
UAW Calls Strike at Key GM Supplier Plant in Michigan
UAW Calls Strike at Key GM Supplier Plant in Michigan
Jun 1, 2026
05:37 AM EDT, 06/01/2026 (MT Newswires) -- The United Auto Workers has called a strike at a Michigan factory owned by Dauch ( DCH ) , a supplier of axles and driveline components for General Motors ( GM ) pickup trucks. The union said that about 1,000 unionized workers at the Michigan plant were set to walk off the job...
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