Markets
By Jonathan Landay WASHINGTON (Reuters) -In its latest response to attacks on shipping by the Houthis, the U.S. on Thursday sanctioned an individual and three currency exchange houses it accused of facilitating the flow of Iranian financial assistance to the Yemeni movement. Two of the exchange houses are based in…
By Roushni Nair (Reuters) – Investors turned bullish on most emerging Asian currencies, as prospects of a potential end to U.S. interest rate hikes led to weakness in the greenback and triggered a rush into riskier assets in the region, a Reuters poll showed on Thursday. Bullish bets on South…
As we look ahead to 2024, the cryptocurrency market is brimming with potential and competition. Among the myriad of digital currencies vying for dominance, two names are drawing particular attention for their projected performance: Solana (SOL) and Pandoshi (PAMBO). Both are poised to make significant strides in the coming year,…
(Updated with Friday’s closing prices.) The U.S. stock market staged a remarkable rally in 2023, but 178 stocks in the S&P 500 were still down for the year. Here’s a roundup of how well the 11 sectors of the S&P 500 fared, with broad indexes below: Healthcare 2023 price change…
Why Upstart (UPST) Stock Is Nosediving What Happened: Shares of AI lending platform Upstart (NASDAQ:) fell 5.9% in the morning session after the market took a breather with no obvious reason behind the broad-based weakness. Investors likely took profits following a strong finish to the year. 2023 has been splendid…
(Reuters) -A Panama-flagged bulk carrier that was heading to the River Danube port to load grain hit a Russian mine in the Black Sea, injuring two crew members, Ukrainian officials said on Thursday. The incident that took place on Wednesday was the latest instance of a civilian vessel hitting an…
Investing.com – The U.S. dollar edged higher in early European trade Thursday, but remained near a three-month low ahead of a key reading of U.S. inflation later in the session. At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…
Asset manager VanEck, a potential provider of a Bitcoin exchange-traded fund (ETF), has revealed plans to donate a portion of the profits from the investment vehicle to Bitcoin core developers upon approval.In a post on X (formerly Twitter) on January 5, VanEck announced a 5% pledge to Bitcoin core developers…
The S&P 500 index is closing in on a fresh record high as 2023 draws to a close. Unfortunately for stock pickers, many of the index’s constituents remain well below their highs from January 2022. This has led to a striking divide between the U.S. market’s “haves” and “have nots,”…
Why Unity (U) Stock Is Down Today What Happened: Shares of game engine maker Unity (NYSE:U) fell 5.5% in the morning session after the market took a breather with no obvious reason behind the broad-based weakness. Investors likely took profits following a strong finish to the year. 2023 has been…