News
Silver Drops as India Curbs, Fed Fear Hit XAG/USD Hard!
5+ hour, 15+ min ago (331+ words) Silver (XAG/USD) remains under pressure for a third consecutive day, changing hands around $74. 20 per troy ounce during Asian trading on Monday. The move comes after India imposed immediate curbs on nearly all Silver imports in an effort to reduce…...
Aussie Slips as Weak China Data Boosts US Dollar
4+ hour, 34+ min ago (413+ words) AUD/USD continues to retreat, marking a third straight day of losses and hovering around 0. 7130 during Asian trading on Monday. The currency pair is weakening as investors react to fresh economic figures from China, a key trading partner for Australia,…...
GBP/USD settles above 5-week low, posts weekly loss
1+ day, 2+ hour ago (261+ words) The GBP/USD currency pair settled above Friday's low of 1. 3315, its weakest level since April 8th, amid broad-based strength in the US Dollar, supported by signs of improving trade dynamics between the United States and China as well as solid expectations…...
GBP/JPY settles above 1-week low, posts weekly loss
1+ day, 19+ hour ago (223+ words) The GBP/JPY currency pair settled above Friday's low of 211. 28, its weakest level since May 6th, as ongoing political instability in the United Kingdom continued to weigh on the Pound and remained a primary drag on the pair. Britain's Health Minister…...
Five EU States Challenge Brussels on Future Power Grid Strategy
2+ day, 21+ hour ago (906+ words) Five EU member states are pushing back against the European Commission's vision for a more centrally directed electricity grid strategy, warning that such an approach could slow the green transition and drive up costs. In a joint document, Bulgaria, Finland,…...
Mc Donald's Slide Deepens Amid Value Opportunity Talk
2+ day, 20+ hour ago (415+ words) After a difficult stretch for the stock, Mc Donald's Corporation (NYSE: MCD) has emerged as a notable contrarian idea in the equity market. The share price has fallen back to where it traded in 2022, its price-to-earnings (P/E) ratio has compressed to…...
Pershing Square Builds Microsoft Stake on Valuation View
3+ day, 55+ min ago (221+ words) Bill Ackman stated on Friday that his hedge fund Pershing Square plans to announce a new investment in Microsoft later in the day, describing the technology company as trading at a "highly compelling valuation. His comments were made in a…...
Pound Nears 1. 3350 as UK Political Risks Pressure GBP
3+ day, 4+ hour ago (658+ words) The GBP/USD pair comes under renewed selling interest near 1. 3365 in Asian trading on Friday, with the British Pound weakening against the US Dollar as political uncertainty in the United Kingdom and risk-off sentiment pressure the currency. UK health secretary…...
Swiss Franc Softens as Dollar Strengthens on Firm U. S. Data
3+ day, 4+ hour ago (282+ words) USD/CHF continued its upward streak for a fifth consecutive session, with the pair trading around 0. 7850 in Asian dealings on Friday. The move reflected renewed strength in the U. S. Dollar as investors reacted to the latest U. S. Retail Sales figures and broader…...
Biogen Jumps as Alzheimer's Tau Drug Shows Promise
3+ day, 22+ hour ago (487+ words) Investing. com " Shares of Biogen Inc. (NASDAQ: BIIB) rose 10% on Thursday after the company released positive top-line results from its Phase 2 CELIA trial of diranersen, an investigational Alzheimer's therapy that targets tau protein. The company reported that diranersen produced strong…...