News
Important Only
Bostic announces retirement amid Trump push for more influence over Fed
WASHINGTON, Nov 12 (Reuters) - Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the U.S. central bank's 12 regional banks, said on Wednesday he will retire at the end of his current term on February 28, 2026, an unexpected departure amid a push bReuters
Thu, Nov 13
AMD Stock Rises 9% After Chipmaker Raises Financial Targets
Wall Street analysts gave positive but cautious takes on the long-term strategy outlined by chipmaker Advanced Micro Devices at its financial analyst day in New York City. AMD stock rose Wednesday.At the event on Tuesday, AMD forecast revenue increasing over the next three to five years at a compo
Tiger News
Thu, Nov 13
Cisco raises annual forecast on AI-driven demand for networking gear
Nov 12 (Reuters) - Cisco Systems CSCO.O raised full-year forecast for profit and revenue on Wednesday, betting on robust demand for its networking equipment driven by multi-billion-dollar data center expansions amid the artificial intelligence boom.
Reuters
Thu, Nov 13
Asian equities witness over $10 billion foreign outflows in November as AI rally stalls
Asian equities witnessed steep cross-border outflows in the first week of November as investors booked profits on caution over lofty tech valuations and uncertainty about the sustainability of an extended market rally.Reuters
Wed, Nov 12
WTI trades with mild gains above $60.50 on hopes of US government reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.85 during the Asian trading hours on Wednesday. The WTI trades with mild gains amid renewed investor confidence after a US government deal.
Fxstreet
Wed, Nov 12
Silver Price Forecast: XAG/USD attracts some sellers to near $51.00 on stronger US Dollar
Silver price (XAG/USD) edges lower to near $51.10, snapping the five-day winning streak during the early European session on Wednesday. The white metal loses ground amid the renewed US Dollar (USD) demand.
Fxstreet
Wed, Nov 12
ROI-IEA’s bullish oil outlook is a nod to Trump, wake-up call for world
The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy.Reuters
Wed, Nov 12
Dollar tentative as traders mull December Fed cut on weakening US jobs market
The dollar nursed losses on Wednesday after private-sector U.S. jobs data stoked worries about labour market weakness, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases.Reuters
Wed, Nov 12
Meta chief AI scientist Yann LeCun plans to exit to launch startup, FT reports
Nov 11 (Reuters) - Meta's META.O chief artificial intelligence scientist Yann LeCun is planning to leave the social media company to set up his own startup, the Financial Times reported on Tuesday, citing people familiar with the matter.Deep-learning pioneer LeCun is also in early talks to raise...
Reuters
Wed, Nov 12
SoftBank's $5.8 billion Nvidia stake sale stirs fresh AI bubble fears
Nov 11 (Reuters) - SoftBank Group's $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller.Reuters
Wed, Nov 12
US lost jobs through late October, new private-sector data shows
WASHINGTON, Nov 11 (Reuters) - U.S. firms were shedding more than 11,000 jobs a week through late October, payroll processor ADP said on Tuesday in its latest real-time estimate of job market trends.Though an ADP report last week estimated the U.S. overall added 42,000 jobs in...Reuters
Wed, Nov 12
Google to invest $6.4 billion in cloud infrastructure in Germany
BERLIN, Nov 11 (Reuters) - Alphabet's Google GOOGL.O will invest 5.5 billion euros ($6.41 billion) in Germany in the coming years in a push to expand its infrastructure and data centre capacity in Europe's largest economy, company and government officials said on Tuesday.
Reuters
Wed, Nov 12
FTSE 100 closes at record high on rate cut bets; AstraZeneca shines
Nov 11 (Reuters) - Britain's FTSE 100 closed at a record high for the second straight session on Tuesday, as weak UK labour market data boosted hopes for Bank of England rate cuts and drugmaker AstraZeneca hit an all-time high.Reuters
Wed, Nov 12
US House returns to Washington for vote to end government shutdown
WASHINGTON, Nov 11 (Reuters) - Members of the House of Representatives headed back to Washington on Tuesday, after a 53-day break, braving the congestion at the nation's tangled airports for a vote that could bring the longest U.S. government shutdown in history to a close.Reuters
Wed, Nov 12
Dow notches record high close, traders bet on end to government shutdown
Nov 11 (Reuters) - The Dow Jones Industrial Average surged to a record high close on Tuesday, lifted by progress toward ending the longest U.S. government shutdown, while Nvidia and other artificial intelligence-related companies fell on renewed concerns about elevated valuations.Reuters
Wed, Nov 12
US bank regulators move to finalize Treasuries-linked capital plan, Bloomberg News reports
Nov 11 (Reuters) - U.S. regulators have agreed on the terms to ease a set of capital requirements that could potentially allow banks to hold more Treasuries, Bloomberg News reported on Tuesday, citing people familiar with the matter.Officials from the Federal Reserve and other agencies recently submReuters
Wed, Nov 12
