News
Microsoft Commits $2. 5 Billion to New AI Integration Venture
5+ hour, 7+ min ago (440+ words) Microsoft said on Thursday in San Francisco that it is establishing a new operating entity designed to help corporate customers identify and deploy artificial intelligence technologies that fit their businesses and generate measurable returns. The new unit, called Microsoft Frontier…...
U. S. Cattle Futures Steady on Holiday Demand Worries
5+ hour, 12+ min ago (294+ words) Live cattle futures on the Chicago Mercantile Exchange (CME) finished Wednesday in a narrowly mixed fashion, with price action confined to a tight range. According to brokers cited by Reuters, concerns that beef prices could weaken weighed on sentiment, offsetting…...
NZD Gains as Soft U. S. Data Weighs on Dollar
6+ hour, 10+ min ago (342+ words) Recent US releases have pressured the Dollar. The ADP Employment Change report indicated that the US private sector created 98 K jobs in June, falling short of market expectations. At the same time, the Institute for Supply Management (ISM) Manufacturing Purchasing…...
Roblox Shares Slip as Investors Take Profits After Rally
5+ hour ago (332+ words) Investing. com " Roblox shares traded sharply lower in pre-open action, sliding 4. 7% to $55. 21 and reversing a portion of recent strong gains. The stock had ended the previous session at $57. 95, and the early weakness pointed to investors locking in profits after a…...
Ouster Falls Pre-Market After Discounted Equity Sale
4+ hour, 47+ min ago (316+ words) Shares of Ouster (NYSE: OUST) fell 6. 0% in pre-open trading after the lidar technology provider disclosed that it had priced an underwritten public offering of approximately 3. 6 million shares at $55. 22 per share. The transaction was expected to generate gross proceeds of roughly…...
USD/SEK holds near 1-week peak with focus on NFP data
10+ hour, 51+ min ago (352+ words) The USD/SEK currency pair pulled back slightly on Thursday, but remained within striking distance of recent 1-week high, as focus set on the essential US employment data string. Investors now braced for the key US Non-Farm Payrolls report later…...
EUR/JPY Dips but Holds Bullish Structure Above Support
10+ hour, 28+ min ago (188+ words) Figures published by Eurostat on Wednesday indicated that Eurozone inflation, measured by the Harmonized Index of Consumer Prices (HICP), fell to 2. 8% year-on-year in June from 3. 2% in May. The reading undershot expectations for a 3. 0% print. Morgan Stanley economists said softer Eurozone…...
Nvidia Introduces Revenue-Sharing Model for AI Startups
8+ hour, 37+ min ago (284+ words) Nvidia said on Wednesday that it is rolling out a new model to provide artificial intelligence startups with access to its computing resources through a mix of revenue-sharing and credit support. The company outlined the initiative in a press release,…...
Rupee Slips Dollar Rebounds Despite Oil, Policy Support
9+ hour, 4+ min ago (488+ words) The Indian Rupee (INR) reverses initial strength and moves slightly lower against the US Dollar (USD) on Thursday, with the USD/INR pair climbing toward 95. 30. This mild Rupee pullback comes even as several factors appear supportive, including softer crude prices,…...
Swiss Franc Firms as Markets Eye Inflation
9+ hour, 22+ min ago (384+ words) The USD/CHF pair trades close to 0. 8085 during Thursday's early European session, with the US Dollar softening against the Swiss Franc. The move follows a weaker-than-expected ADP June employment print, which has weighed on the Greenback. Market participants are now…...