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Americas Roundup:Dollar softer after Wednesday's Fed minutes,Oil plunges 5 pct on disappointment with OPEC cuts-May 26th,2017

May 25, 2017 20:56 pm UTC| Market Roundups

Market Roundup US Initial Jobless Claims w/e 234k vs 238k forecast, 233k previous. US Jobless Claims 4-wk Avg 235.25k, 241k previous. US Continued Jobless Claims w/e 1.923m vs 1.925m forecast, 1.899m...

Europe Roundup: Sterling tumbles after UK Q1 GDP downward revision, dollar rebounds despite lower U.S. Treasury yields, European shares rally - Thursday, May 25th, 2017                              

May 25, 2017 11:53 am UTC| Market Roundups

Market Roundup EUR/USD flat, USD/JPY +0.33%, GBP/USD -0.19%, EUR/GBP +0.22% DXY -0.13%, DAX +0.11%, FTSE +0.11%, Brent -0.56% OPEC extends oil output cut by nine months delegate UK economy slows more...

Asia Roundup: Kiwi hits multi-week highs following budget announcement, dollar eases on less hawkish FOMC minutes, Asian shares rally - Thursday, May 25th, 2017

May 25, 2017 05:55 am UTC| Market Roundups

Market Roundup Chinas yuan slips to 7th place in global trade finance - SWIFT China continue to relax foreign investment rules for auto industry Moodys cuts Hong Kong to AA2 from AA1; outlook...

Americas Roundup: U.S. dollar slips after Fed minutes, Wall Street stays slightly higher, Oil pulls back slightly on low U.S. gasoline stock draw-May 25th, 2017

May 24, 2017 20:52 pm UTC| Market Roundups

Market Roundup US Existing Home Sales Apr 5.57 mln vs 5.65 mln forecast, 5.70 mln previous. US Existing Home Sales Chg Apr 2.3% vs -1.1% forecast, 4.2% previous. US Monthly Home Price YY Mar 6.2%, 6.4%...

Europe Roundup: Sterling steadies below 1.300, dollar index rebounds from 6-1/2-month lows, investors await FOMC meeting minutes - Wednesday, May 24th, 2017

May 24, 2017 11:59 am UTC| Market Roundups

Market Roundup EUR/USD flat, USD/JPY flat, GBP/USD +0.08%, AUD/USD flat DXY flat, DAX -0.13%, FTSE +0.25%, Gold +0.08% Moodys downgrades China, warns of fading financial strength OPEC, non-OPEC hold...

Asia Roundup: Antipodeans ease after Moody's downgrade China's rating, rise in U.S. Treasury yields boosts dollar, investors eye ECB Draghi's speech - Wednesday, May 24th, 2017

May 24, 2017 05:41 am UTC| Market Roundups

Market Roundup Moodys cuts Chinas rating to A1 from AA3; outlook stable from negative Moodys: No timetable for re-assessment of rating after downgrade China finmin: Downgrade overestimates difficulties,...

Americas Roundup-Dollar off 6-1/2-month lows, Wall St rises, Oil settles up slightly on view OPEC will extend output cuts, Fed minutes in focus-May 24th,2017

May 23, 2017 21:33 pm UTC| Market Roundups

Market Roundup US Markit Comp Flash PMI May 53.9, 53.20 previous. US New Home Sales Units Apr 0.569 mln vs 0.610 mln forecast, 0.642 mln previous. US Rich Fed Comp. Index May +1, 20 previous. Feds Kashkari:...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....
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