Category: Markets
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Nvidia says its next-generation AI chip platform to be rolled out in 2026 By Reuters
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TAIPEI (Reuters) – The company’s next-generation artificial intelligence chip platform is called Robin and will be rolled out in 2026, Nvidia CEO Jensen Huang said on Sunday. The Rubin chipset family will include new graphics (GPU) and central processors (CPU) as well as networking chips, Huang said at National Taiwan…
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Nvidia says its next-generation AI chip platform to be rolled out in 2026 By Reuters
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TAIPEI (Reuters) – The company’s next-generation artificial intelligence chip platform is called Robin and will be rolled out in 2026, Nvidia CEO Jensen Huang said on Sunday. The Rubin chipset family will include new graphics (GPU) and central processors (CPU) as well as networking chips, Huang said at National Taiwan…
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FunderPro Brings New Features to Maximize Profitability
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Private trading is a dynamic and rapidly evolving sector, where technology providers need to increase the competitive advantage for their clients as much as possible. FunderPro continues to stay ahead of the curve, offering a range of improvements designed to increase the profitability and operational efficiency of support companies. This…
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Yen weakness persists despite Tokyo’s $62 billion intervention By Reuters
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By Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities spent 9.79 trillion yen ($62.23 billion) intervening in the foreign exchange market to support the yen over the past month, moves that prevented the currency from testing new lows but are unlikely to reverse long-term declines. Finance Ministry data released on Friday…
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Weekly Market Outlook (03-07 June)
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Upcoming events: Monday: China Caixin Manufacturing PMI, Swiss Manufacturing PMI, Canadian Manufacturing PMI, US ISM Manufacturing PMI. Tuesday: Swiss Consumer Price Index, US job opportunities. Wednesday: Average monetary income in Japan, Australian GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, Bank of Canada Policy Decision, US…
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Dollar set for first monthly drop after US inflation readout By Reuters
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Written by Hannah Lange NEW YORK (Reuters) – The dollar fell on Friday and was headed for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, which did not clarify much about the extent to which the U.S. Federal Reserve could…
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Apple reiterated as Top Pick, C3.ai stock upgraded By Investing.com
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Investing.com – Here are the biggest artificial intelligence (AI) analyst moves this week. InvestingPro subscribers always get the first feedback from market-moving AI analysts. Upgrade today! “AI-Powered Upgrade Is Coming:” Apple reiterates Bank of America’s “Top Pick” title Bank of America reiterated Apple (NASDAQ:) stock as the top pick, maintaining…
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Can Bitcoin Fill the Gap in Sports Financing?
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In late 2019, Juventus launched the world’s first blockchain-based fan token, promising a revolution in fan engagement. Fast forward to today, and every single fan token has experienced extreme volatility with prices mostly plummeting. This is not just a financial accident; it is a fundamental design failure. As we navigate…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…
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Biden largely spent his political capital, the risk is now to the downside: BCA By Investing.com
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According to BCA Research analysts, President Joe Biden has largely exhausted his political capital. The company states that any major negative developments from this point “could destroy his presidency.” Despite having some successes, such as negotiating bipartisan budget deals and the Fed making a soft landing, the BCA says the…
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$18 Billion in Crypto Moves to New Risky Re-Staking Platforms
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More than $18 billion worth of cryptocurrency has shifted to a new platform type offering rewards for locking up tokens, a scheme that analysts warn poses significant risks for users and the broader crypto market. The increasing popularity of “re-staking” highlights the rising risk appetite in crypto markets as prices…
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Delaware judge lets more than 70,000 Zantac lawsuits go forward By Reuters
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Written by Brendan Pearson (Reuters) – A Delaware judge allowed more than 70,000 lawsuits to proceed over the discontinued heartburn drug Zantac, ruling that expert witnesses can testify in court that the drug may cause cancer. Friday’s ruling by Judge Vivian Medinella of Delaware Superior Court in Wilmington is a…
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PayPal Unveils Enhanced Payment Solution for SMEs in Ireland
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PayPal recently introduced a new payment solution designed for small and medium-sized businesses (SMEs) operating online trading in Ireland. The initiative, called PayPal Complete Payments, provides support for various payment methods, including Apple Pay and Google Pay, across more than 20 European markets. Research inspires PayPal launch The decision to…
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The opening bell: US major indices marginally higher after PCE data
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Core US PCE data came in slightly softer at 0.2% versus 0.3% (rounded). In reality, it averaged roughly between 0.2% and 0.3% plus 0.249%, skewing the rounded number to the downside (i.e. 0.2%). However, it is a good number that pushed the major indices to the upside in early trading.…
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Boeing executives unlikely to be charged over 737 MAX crashes, source says By Reuters
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By Mike Spector NEW YORK (Reuters) – U.S. Justice Department officials told family members of victims at a meeting that it is unlikely that criminal charges will be brought against Boeing (NYSE:) executives in fatal crashes in 2018 and 2019 that killed 346 people, as the statute of limitations has…
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A Day at a Leading Tech Gathering
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Reflect Cyprus is a leading Mediterranean tech festival, transforming Limassol into a vibrant hub of innovation, investment, and networking. This year’s event, held on May 30-31, brought together a diverse array of trading companies, venture capital funds, tech enthusiasts, startups, investors and more. There were over 1,000 companies represented, investors…
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Stocks pulling back and into negative territory
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Major US indices have now turned into negative territory: Dow Jones Industrial Average -7 points or -0.02% S&P Index -8.26 points -0.16% Nasdaq -70 points or -0.42% Yields remain low with the 10-year basis falling -5.9 to 4.494% (this week’s high was 4.638%). The 2-year yield was down -4.6 basis…
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Boeing’s woes a ‘burden’ for entire sector, Airbus executive says By Reuters
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FRANKFURT (Reuters) – Safety and quality problems uncovered at Boeing Co (NYSE:) after a door plug exploded earlier this year threaten to shake travelers’ confidence in flying, a senior executive at rival Airbus said. Christian Scherer, CEO of Airbus’ commercial aircraft division, told German weekly magazine WirtschaftsWoche that these problems…
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Meet Finance Magnates’ Team at Money20/20 Europe Next Week!
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The Finance Magnates group will attend the upcoming Money20/20 Europe conference, which will be held in Amsterdam from June 4-6. Money20/20 has emerged as one of the major events of the year in the global fintech ecosystem. It will bring together some of the most innovative ideas and companies, showcasing…