The U.S. dollar shed ground against its major counterparts on Tuesday after data showing a smaller than expected increase in the nations producer prices in the month of July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September. The Labor Departments data said the producer price index for...
Crypto.com has surpassed Coinbase in daily trading volume, reaching $3.16 billion on August 1. According to a social media post by Crypto.com, the exchange led in USD-supported spot trading volume in July. Open interest on its derivatives market is nearing $1 billion, marking a fourfold increase since January this year. Reported Trading Volume Continues to...
European stocks may open on a positive note Wednesday as U.S. recession worries eased and the Bank of Japan played down the chances of a near-term rate hike, triggering a sharp fall in the yen. U.S. stock futures reversed early losses to trade higher despite AI darling Super Micro Computer reporting earnings below estimates. Asian...
Indian shares traded lower on Friday to extend losses for a fifth day running as U.S. rate worries lingered and oil prices jumped more than 3 percent on signs of escalating tensions in the Middle East, following reports of Israeli strikes on Iran. The benchmark S&P BSE Sensex dropped 515 points, or 0.7 percent, to...
Equity markets in Asia finished trading on a mixed note amidst an uptick in inflation in Japan as well as uncertainties about rate cuts by the Fed. The Dollar\'s rebound as well as mixed corporate earnings weighed on sentiment. China\'s Shanghai Composite Index slipped 0.95 percent to finish trading at 3,048.03. The day\'s trading ranged...
VANCOUVER – Wheaton Precious Metals (NYSE:WPM) Corp. has released its production and sales results for 2023 and provided a forecast for significant growth over the next five years. The company, which is the world\'s leading precious metals streaming company, reported that its gold equivalent production in 2023 came within 2% of the mid-point of its...
-- S&P 500 and Nasdaq futures rose in evening deals on Wednesday, with the latter leading gains as optimism over a strong outlook from AI darling Nvidia drove investors into technology stocks. Dow futures, however, were muted following a string of other weak earnings reports, while the minutes of the Federal Reserve’s late-January meeting showed...
(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. \"Prices will increase by $1,000 for all Model Y trims on April 1,\" Tesla (NASDAQ:TSLA) said on its website. The company on March 1 had also...
The U.S. dollar climbed higher on Friday as escalating geopolitical tensions prompted investors to seek the safe-haven currency. Uncertainty about interest rate cuts before June contributed as well to the dollar\'s rise. The dollar index surged to 106.11 around late morning, and held firm thereafter. The index was last seen at 106.02, up 0.7% from...
JAKARTA – PT Cardig Aero Services Tbk (CASS), a holding company of airport handling services, reported double-digit growth in revenue to IDR 1.3 trillion in H1 2024. This surge boosted its net profit up by nearly 100% to IDR 347.2 billion. Based on the Financial Report of H1 2024 quoted today (16/8), CASS reported an...