WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production. The United States suspended import tariffs of 25% on EU steel and 10% on EU aluminum…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar gained on Thursday as investors took profits on bets the currency would weaken further and shrugged off data showing signs the U.S. economy is slowing. Thursday’s economic data suggested that the Federal Reserve is likely done raising interest rates and may start…

Source: spaxiax/AdobeSouth Korean police have arrested a man they suspect of stealing cash as part of a bogus over-the-counter (OTC) crypto exchange.Per the broadcaster KBS, police officers in the town of Icheon, Gyeonggi Province, said they had arrested a man “in his 20s” on theft-related charges.Officers said that the man…

(Updated with Friday’s closing prices.) The 2023 rally for stocks in the U.S. accelerated as more investors bought the idea that the Federal Reserve succeeded in its effort to bring inflation to heel. The S&P 500 ended Friday with a 24.2% gain for 2023, following a 19.4% decline in 2022.…

Why Lyft (LYFT) Shares Are Getting Obliterated Today What Happened: Shares of ride sharing service Lyft (NASDAQ: NASDAQ:) fell 5.4% in the morning session after Nomura downgraded the stock from neutral to reduce, stating Lyft’s growth could be limited due to its shrinking market share and low profitability compared to…

By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active futures for March delivery settled down $2.39, or 3%, at $77.15.…

Investing.com– Most Asian currencies kept to a tight range on Friday, while the dollar rebounded from 3-½ month lows in anticipation of more cues on interest rates from Federal Reserve Chair Jerome Powell.  Regional currencies cooled slightly after a stellar rally through November, amid growing conviction that the Fed was…

Source: JYPIX/AdobeSouth Korea’s Incheon says it has confiscated $375,000 worth of cryptoassets from “tax-evading” residents who tried to hide their earnings in token wallets.Per the media outlet Newsis, the city collected the combined sum from 298 people.The media outlet noted that the city “confiscated virtual currencies such as Bitcoin (BTC).”Citizens…

After helping to push U.S. stocks’ higher in November and December, trend-following trading firms known as CTAs are nearly tapped out, according to a report published by a Goldman Sachs Group trading desk. That could limit further upside for the market, although the analysts cautioned that CTAs’ positioning may not…

Why C3.ai (AI) Shares Are Getting Obliterated Today What Happened: Shares of artificial intelligence (AI) software company C3.ai (NYSE:) fell 5.4% in the afternoon 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.…