News
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GRAINS-Wheat hits 4-week high on soft dollar, crop concerns, and short-covering
CANBERRA, May 21 (Reuters) - Chicago wheat futures climbed to a four-week high on Wednesday, supported by a soft dollar, concerns over northern hemisphere production and a bout of short-covering by speculators.Reuters
Wed, May 21
The "rice shortage wave" has caused a rocket surge in Japanese rice prices, indicating that the Bank of Japan is imminent to raise interest rates?
TradingKey - Japanese rice prices are climbing at an alarming rate. As of the end of April 2025, the average retail price of 5 kg of rice reached 4,233 yen, equivalent to about 29.3 US dollars per kilogram.
TradingKey
Wed, May 21
Moody's downgrade ripples through bond market, causes worries for stocks
NEW YORK, May 20 (Reuters) - Moody's U.S. debt downgrade is raising concerns that investors could reevaluate their appetite for U.S. government bonds, with the potential for rising yields to put pressure on stocks that are trading at elevated valuations.Reuters
Wed, May 21
Gold price surges past $3,280 on US Moody’s downgrade and geopolitical risks
Gold price advances for the second straight day on Tuesday as the Greenback continues to print losses due to uncertainty about trade policies and the fiscal health of the United States (US) following last Friday’s Moody’s US debt downgrade.
Fxstreet
Wed, May 21
Google pushes AI upgrades, subscriptions at annual I/O developer event amid search challenges
MOUNTAIN VIEW, California, May 20 (Reuters) - Alphabet's GOOGL.O Google said on Tuesday it would put artificial intelligence into the hands of more Web surfers while teasing a $249.99-a-month subscription for its AI power users, its latest effort to fend off growing competition from startups like Op
Reuters
Wed, May 21
Fed policymakers express concerns over economic and business sentiment
During a discussion panel hosted by the Federal Reserve (Fed) Bank of Atlanta, the San Francisco and Cleveland Fed Bank Presidents Mary C. Daly and Beth Hammack both took the opportunity to express concern about the current state of the US economy.Fxstreet
Wed, May 21
Fed officials expect tariffs to boost prices; White House downplays risk
AMELIA ISLAND, Florida, May 20 (Reuters) - Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs and counseled patience before making any interest rate decisions before it is clear whether the inflation shock will be fleeting or more persisReuters
Wed, May 21
Home Depot to keep prices steady but says tariffs may make some items unavailable
Home Depot enjoys steady customer spending on smaller projects and spring demandMaintains annual forecasts for sales and profitPlans to not raise prices in response to Trump's tariffsSRS Distribution performing above expectations, executives sayBy Savyata Mishra and Nicholas P. Brown May 20 ...Reuters
Tue, May 20
U.S. Treasuries Weather Downgrade Fears, but Japanese Bonds Collapse — Is the Yen About to Crash?
TradingKey - While global investors are still assessing the implications of the U.S. losing its last AAA sovereign credit rating, a bond auction in Japan collapsed unexpectedly, potentially marking a turning point for the Bank of Japan’s (BoJ) tightening cycle — and raising concerns about an...TradingKey
Tue, May 20
Google to unveil AI upgrades at I/O conference amid search challenges
MOUNTAIN VIEW, California, May 20 (Reuters) - Alphabet's GOOGL.O Google kicks off its annual developer conference on Tuesday with a flurry of announcements showcasing its huge investment in artificial intelligence, while seeking to fend off concerns over the future of its business.Reuters
Tue, May 20
What the Moody’s downgrade means for markets
Investing.com -- Moody’s downgraded U.S. sovereign debt late Friday, prompting a wave of headlines and a weak market open on Monday. However, according to the latest Sevens Report, the move is unlikely to drive long-term market direction.Investing.com
Tue, May 20
Tesla going all-in on autonomy as China ’may have already won the EV battle’: MS
Investing.com -- Morgan Stanley said in a note Tuesday that it believes Tesla (NASDAQ:TSLA) is shifting its focus from cars to autonomy as the competitive pressure from Chinese automakers intensifies.Investing.com
Tue, May 20
European bond yields steady as US debt load falls out of the spotlight
May 20 (Reuters) - Euro zone bond yields were little changed on Tuesday as investors moved past Monday's worries around the U.S. debt load and were on the lookout for further trade deals from the world's biggest economy.
Reuters
Tue, May 20
ECB's Escriva sees risks to global financial sector from U.S. trade policies
MADRID, May 20 (Reuters) - Geopolitical and trade tensions stemming from U.S. tariffs pose a risk to the stability of the global financial system and to global economic growth, European Central Bank policymaker Jose Luis Escriva warned on Tuesday.Reuters
Tue, May 20
Qatar dismisses concerns over offer of aircraft to Trump
Qatar dismisses claims aircraft offer to Trump is bribery or influence-buyingSchumer introduces bill to prevent use of foreign aircraft as Air Force OneTrump plans to donate Boeing 747-8 to presidential library DOHA, May 20 (Reuters) - Qatar dismissed concerns about its offer to give U.S. Preside...Reuters
Tue, May 20
US STOCKS-US stock futures edge down ahead of commentary from Fed officials
Futures down: Dow 0.15%, S&P 500 0.33%, Nasdaq 0.45% May 20 (Reuters) - U.S.stock index futures were marginally lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to gauge the central bank's policy stance after the latest downgrade of U.S credit rating.Reuters
Tue, May 20
Intel explores sale of networking and edge unit, sources say
TAIPEI/SAN FRANCISCO/NEW YORK, May 20 (Reuters) - Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said.
Reuters
Tue, May 20
