Dollar rises ahead of Fed minutes; sterling turns lower as traders parse CPI
Dollar rises ahead of Fed minutes; sterling turns lower as traders parse CPI
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Dollar rises ahead of Fed minutes; sterling turns lower as traders parse CPI
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Royal Bank of Canada (RBC) has become the first Canadian clearing member to join LCH CDSClear, it was announced by the London Stock Exchange Group (LSEG) on Thursday. The move marks a step forward in the global expansion of the credit default swap (CDS) clearing platform. LCH CDSClear, operated by LSEG, is said to offer…
Sector Overview The stock market heatmap today reveals a dynamic performance across various sectors, with technology and semiconductor stocks taking the spotlight. The technology sector, overall, showed resilience with solid gains from giants like Microsoft (MSFT) at +0.23% and Palantir (PLTR) soaring +1.70%. These gains contributed to a sense of positive sentiment in spite of…
Elon Musk wants to buy OpenAI, but Sam Altman isn’t selling. The ChatGPT-maker’s CEO dismissed a $97.4 billion bid from a Musk-led consortium, according to the BBC. The rejection highlights a growing rivalry between Altman and Musk, who co-founded OpenAI but later split over its direction. While Musk argues that OpenAI has strayed from its…
‘I’ve only sung this once before and it makes me shake,” Florence Welch admits, crouching alone at the far end of a long, narrow thrust stage. Watching her command this arena during the first of two sold-out shows in Glasgow in honour of Florence + the Machine’s sixth album Everybody Scream, it’s hard to imagine…
Trade war gathers pace as Trump slaps tariffs on Canada, Mexico and China. But US dollar starts to wobble as cracks appear in US economy. Growing concerns about Trump’s policies also weigh on US outlook. Not a bluff, as Trump proceeds with tariffs US President Donald Trump went ahead this week with his pledge to…
GBP/USD halts its five-day winning streak, trading at a gap down around 1.3390 during the Asian hours on Monday. The risk-sensitive pair faces challenges on renewed risk aversion following the failure of the United States (US)-Iran peace talks. The safe-haven demand boosted the US Dollar (USD) against its major peers after Vice President JD Vance…