Forex News
Swiss Market Ends On Firm Note
The Switzerland market shrugged off a slightly weak start and climbed higher on Wednesday after soft inflation data from the U.S. raised hopes the Federal Reserve will reduce interest rate a couple of times this year.
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147 days ago
European Stocks Close Higher As Soft U.S. Inflation Data Aids Sentiment
European stocks closed higher on Wednesday after softer than expected U.S. consumer price inflation data helped ease concerns about the outlook for interest rate.
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147 days ago
U.S. Dollar Drops As Slowing Inflation Lifts Rate Cut Hopes
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as inflation came in lower than expected in May, reviving hopes for a rate cut by the Federal Reserve in September.
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147 days ago
Canadian Stocks Up In Positive Territory As Investors Cheer Tame U.S. CPI Data
Canadian stocks are up in positive territory around noon on Wednesday amid renewed optimism about the outlook for Federal Reserve's interest rates after data showed U.S. consumer price inflation came in unchanged in May, as against expectations of a 0.1% rise.
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147 days ago
U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels
Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ended June 7th, according to a report released by the Energy Information Administration on Wednesday.
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147 days ago
Sphere Entertainment Promotes Jennifer Koester To President And COO
Live entertainment and media company Sphere Entertainment Co. (SPHR) announced Wednesday that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Koester most recently served as the Company's President, Sphere Business Operations.
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147 days ago
EU To Impose Countervailing Duties Of Up To 38.1% On Chinese BEVs
The European Commission is set to impose countervailing duties of up to 38.1 percent on imports of battery electric vehicles (BEVs) from China. The Commission has provisionally concluded that the BEV value chain in China benefits from unfair subsidization as part of its ongoing investigation.
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147 days ago
more news
Elon Musk Drops Lawsuit Against OpenAI, Sam Altman
Elon Musk, the founder and CEO of Tesla and SpaceX, moved to dismiss his lawsuit against artificial intelligence or AI startup OpenAI and its CEO Sam Altman. According to a filing in San Francisco Superior Court, Musk's attorneys asked the California state court to dismiss the lawsuit against the ChatGPT maker without citing a reason.
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147 days ago
U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%
With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May after rising by 0.3 percent in April. Economists had expected consumer prices to inch up by 0.1 percent.
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147 days ago
Thailand Leaves Policy Rate Steady At 2.50%
Thailand's central bank decided to keep the interest rate unchanged for the fourth straight meeting on Wednesday as the inflation rate returned to the target range, despite the rising pressure from the government to cut rates to support economic growth.
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147 days ago
U.S. Mortgage Applications Show Substantial Rebound
After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mortgage Bankers Association released a report on Wednesday showing a substantial rebound in mortgage applications in the week ended June 7th.
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147 days ago
U.S. Consumer Prices Unexpectedly Unchanged In May
With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May.
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147 days ago
Boxlight Board Confirms Dale Strang As CEO
Boxlight Corp. (BOXL), a provider of interactive technology solutions, announced Wednesday that the Board of Directors has unanimously voted to name Dale Strang as Boxlight's Chief Executive Officer. Strang was appointed as Interim Chief Executive Officer in January 2024.
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147 days ago
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