Traffic through the Strait of Hormuz has fallen steeply after a series of tit-for-tat strikes by the US and Iran following an attack on three tankers earlier this week.
LONDON, July 9 (Reuters) - Global stocks edged higher while bond markets and currencies were largely steady on Thursday as investors balanced renewed tensions in the Middle East against continued strength in technology…
Bell Global Equities Fund, managed by Bell Asset Management, released its May investor update. A copy of the letter can be downloaded here. The global equity market continued its rally in May, driven by accelerating AI …
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Nordea’s Jan von Gerich argues that the European Central Bank (ECB) is likely to continue tightening policy, with the outlook heavily dependent on Middle East developments and energy prices. He notes that a July move is…
NEW YORK, July 9 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday that despite the renewal of war in the Middle East, he was not looking for a sustained rise in energy prices over the …
Tesla posts 381x trailing earnings and a 47% net income drop while Ford trades at 8x forward earnings with a 4.5% dividend yield.
Gold (XAU/USD) firms on Thursday as a mildly softer US Dollar (USD) and a modest pullback in US Treasury yields help the precious metal recover some ground after three consecutive days of losses.
South Korea's $576 billion AI initiative sent VRT surging 9.1%, adding $11 billion in market value without a single company-specific announcement.
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July 9 (Reuters) - A group of newspapers including the New York Times and New York Daily News asked a federal court in Manhattan on Thursday to sanction OpenAI in their high-stakes copyright dispute for allegedly lyin…
DBS Group Research economist Eugene Leow warns that shorter-term Singapore Dollar (SGD) rates may face upside pressure despite recent flush liquidity. He notes SGD rates have decoupled from USD rates, with spreads stret…
The Iran War, tariffs and the demand-driven AI-investment boon could add up to create inflationary conditions where Federal Reserve policymakers would need to consider interest-rate hikes later this year.
UOB’s Quek Ser Leang notes that after a prior rise in USD/CNH, upward momentum has now faded, with the pair expected to trade between 6.7950 and 6.8100 in the near term. The analyst reiterates that a close above 6.8080 …
EUR/USD holds modest gains on Thursday, supported by some softness in the US Dollar (USD) as markets assess renewed hostilities in the Middle East. At the time of writing, the pair trades around 1.1444, up 0.25% on the …
Christopher Wong notes that Korean Won strength remains largely flow-driven, with USD/KRW dropping below 1,500 on offshore fund repatriation and official vigilance. While bearish momentum persists, Wong expects the pull…
Three months after unveiling its first artificial intelligence model under the leadership of AI chief Alexandr Wang, Meta is rolling out a major update as it attempts to compete with OpenAI and Anthropic in critical are…
Debt financing for AI-related needs — be it for data center construction or general liquidity amid aggressive spending — is accelerating in 2026, testing the limits of investor demand. July already has featured a $25 bi…
What happened: Micron Technology (MU) stock jumped 8% on Thursday, joining a broader rally across memory and AI-related stocks. Sandisk (SNDK), Western Digital (WDC), Marvell (MRVL), Broadcom (AVGO), Intel (INTC), and A…
Federal Reserve (Fed) Bank of New York President John Williams said in the Future of Market Liquidity and Functioning Workshop in New York on Thursday that inflation remains “far too high,” while stressing that policyma…
USD/CAD trades around 1.4170 on Thursday at the time of writing, virtually unchanged on the day, as weakness in the US Dollar (USD) offsets the negative impact of lower Oil prices on the Canadian Dollar (CAD).
Japanese technology giant Sony (NYSE: $SONY) has received approval to establish a U.S. national trust bank subsidiary to support the issuance of dollar-denominated stablecoins.
July 9 (Reuters) - Oil prices eased on Thursday after earlier gains as markets assessed the escalating conflict between the U.S. and Iran and its implications for efforts to end the war and fully reopen the Strait of H…
Jacob Funds, a mutual fund company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The recent quarter began against the backdrop of the war in the Middle East and concerns …
U.S. Technology giant Meta Platforms (NASDAQ: $META) is planning to build its first artificial intelligence (A.I.) data centre in Canada.
ING strategists Michiel Tukker and Benjamin Schroeder note that the Federal Reserve’s June minutes confirmed a more hawkish stance despite an unchanged policy rate. They highlight that nine officials pencilled in higher…
