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Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
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...
Aussie skids to 2-1/5 month low as inflation cools
Aussie skids to 2-1/5 month low as inflation cools
Oct 30, 2024
The Australian dollar tumbled in Asian trade on Wednesday to 2-⅕ month lows against the US dollar, sharpening the decline for the fourth straight session after inflation in Australia cooled to three-year lows, reducing the pressure on the Reserve Bank of Australia. The new data boosted the odds of an interest rate cut by the RBA in December, as investors...
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...
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...
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Wall Street declines amid concerns about US economy, tech valuation
Wall Street declines amid concerns about US economy, tech valuation
Nov 7, 2025
Major Wall Street indexes extended losses for a second straight session on Friday, heading for weekly declines as mounting concerns over the economy and stretched valuations in technology stocks weighed on investor sentiment. The tech-heavy Nasdaq fell nearly 2% on Thursday after top Wall Street executives warned earlier in the week that the market could be approaching a sharp correction....
Sector Update: Energy
Sector Update: Energy
Nov 7, 2025
01:17 PM EST, 11/07/2025 (MT Newswires) -- Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index up 0.9% and the Energy Select Sector SPDR Fund (XLE) rising 0.8%. The Philadelphia Oil Service Sector Index was decreasing 0.4%, and the Dow Jones US Utilities Index was adding 0.3%. Front-month West Texas Intermediate crude oil rose 0.3% to $59.58...
Sector Update: Tech
Sector Update: Tech
Nov 7, 2025
01:10 PM EST, 11/07/2025 (MT Newswires) -- Tech stocks were lower Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 1.8% and the SPDR S&P Semiconductor ETF (XSD) dropping 4.8%. The Philadelphia Semiconductor index slumped 3.6%. In corporate news, Nvidia ( NVDA ) Chief Executive Jensen Huang said in Taiwan that the company is not in active discussions...
Exchange-Traded Funds Trend Lower as US Equities Drop After Midday
Exchange-Traded Funds Trend Lower as US Equities Drop After Midday
Nov 7, 2025
01:15 PM EST, 11/07/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) was down 1.6%. US equity indexes fell amid a sell-off in technology, communication services, and consumer discretionary companies, after a preliminary November reading of the Michigan consumer sentiment index sank to the second-lowest on record. Energy iShares...
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Micron Unveils New 60TB SSD For Data Centers: Details
Micron Unveils New 60TB SSD For Data Centers: Details
Nov 12, 2024
On Tuesday, Micron Technology, Inc. ( MU ) launched the qualification process for its 6550 ION NVMe SSD, the world’s fastest 60TB data center SSD and the first in the industry to offer E3.S and PCIe Gen5 60TB capabilities. Building on the success of the award-winning 6500 ION, the 6550 ION is designed for optimal performance, energy efficiency, endurance, security,...
Juniper Networks invests in AI startup Recogni in $102 million funding round
Juniper Networks invests in AI startup Recogni in $102 million funding round
Nov 12, 2024
Nov 12 (Reuters) - Networking gear maker Juniper Networks ( JNPR ) has invested in artificial intelligence firm Recogni as part of a $102 million late-stage funding round, the companies said on Tuesday. Recogni said it will collaborate with Juniper Networks ( JNPR ) to build an AI inference system that can be installed in server racks. Cloud service providers...
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
Nov 12, 2024
(Reuters) - Amazon.com's ( AMZN ) cloud computing unit on Tuesday said it will offer free computing power to researchers who want to use its custom artificial intelligence chips, aiming to challenge Nvidia's ( NVDA ) popularity among those researchers. Amazon Web Services (AWS) said it will offer credits to use its cloud data centers that it values at $110...
Musk's Starlink working on Indian security clearance for satellite broadband
Musk's Starlink working on Indian security clearance for satellite broadband
Nov 12, 2024
NEW DELHI, Nov 12 (Reuters) - Elon Musk's Starlink is seeking security clearance for a licence to offer satellite broadband services in India and will get a permit if it satisfies all conditions, the telecoms minister said on Tuesday. Starlink has been looking to enter India for years and its plans got a major boost last month when New Delhi...
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