Investing.com– Most Asian currencies nursed steep losses on Wednesday, while the dollar hovered near three-month highs after stronger-than-expected U.S. inflation data brewed more fears that the Federal Reserve will keep interest rates higher for longer.  The was the worst-hit by this trade, as recent dovish signals from the Bank of…

Last updated: February 20, 2024 03:18 EST | 4 min read Amid Bitcoin’s current trade at $51,585 marks a modest 1% dip, spotlighting the resilience and volatility intrinsic to digital currencies. As the financial landscape evolves, with cryptocurrency exchange-traded products (ETPs) amassing $67 billion in assets—echoing the fervor of a…

Tuesday has the potential to bring investors something they haven’t seen in almost three years: A U.S. inflation rate based on the consumer-price index that looks more like 2%. In the run-up to January’s CPI data, stocks finished near a record close, with the S&P 500 index SPX ending above…

© Reuters. FILE PHOTO: Swiss Finance Minister Ueli Maurer attends a news conference in Vienna, Austria, August 25, 2020. REUTERS/Leonhard Foeger/File Photo ZURICH (Reuters) – A temporary nationalisation was never a realistic option for embattled Swiss lender Credit Suisse, former finance minister Ueli Maurer told Swiss newspaper SonntagsZeitung, defending his…

By Peter Hobson CANBERRA (Reuters) -A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slid from a fresh three-month high against a major currency basket on Wednesday, as investors consolidated gains following the previous session’s hotter-than-expected U.S. inflation report. The inflation data for January pushed back bets on a first Federal Reserve rate cut to the…

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U.S. stocks ended mixed on Monday, though the Dow recorded another record-high close as investors awaited new inflation data due later this week.What happened The Dow Jones Industrial Average DJIA rose 125.69 points, or 0.3%, to end at 38797.38 — its 12th record close of 2024, according to Dow Jones…

© Reuters Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.InvestingPro subscribers always get first dibs on market-moving AI analyst comments.GOOGL still seen as ‘net AI beneficiary’ despite mixed quarterEarlier in the week, BofA Securities analysts commented on Alphabet’s (NASDAQ:) latest earnings report.…

By Kate Abnett and Marek Strzelecki BRUSSELS/WARSAW (Reuters) – Poland will no longer take the EU to court to attempt to cancel numerous climate change policies, and is preparing to withdraw lawsuits the previous government had filed to do this, sources familiar with the matter told Reuters. After years of…