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Gold set for worst week in 6 months as trade calm dents appeal
May 16 (Reuters) - Gold prices dropped on Friday and were poised for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.Spot gold XAU= shed 0.6% to $3,221.19 an ounce as of 0624 GMT. Bullion has lost more than...
Reuters
Fri, May 16
Japan's economy shrinks more than expected as US tariff hit looms
TOKYO, May 16 (Reuters) - Japan's economy shrank for the first time in a year and at a faster pace than expected, data for the March quarter showed on Friday, underscoring the fragile nature of its recovery now under threat from U.S. President Donald Trump's trade policies.Reuters
Fri, May 16
Japanese shares fall on stronger yen
TOKYO, May 16 (Reuters) - Japanese shares fell on Friday, weighed down by a stronger yen, while investors took a cautious stance after the Nikkei crossed the psychologically important level of 38,000 this week.The Nikkei .N225 fell 0.25% to 37,659.39 by the midday break, but is set to rise 0.4% forReuters
Fri, May 16
CoreWeave gets additional $4B commitment from OpenAI, boosting deal to nearly $16B
Investing.com -- In its 10-Q filing today, CoreWeave (NASDAQ:CRWV) disclosed that in May 2025 it entered into an additional cloud computing agreement with OpenAI worth up to $4 billion. The commitment goes through April 2029.Investing.com
Fri, May 16
PRECIOUS-Gold set for worst week in six months as trade calm dents safe-haven appeal
May 16 (Reuters) - Gold prices eased on Friday and were on track for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.Reuters
Fri, May 16
It's raining data: Retail sales, PPI, et al
Main US indexes decline; Nasdaq off most, down ~0.7%Cons disc down most among S&P sectors; Utilities lead gainersEuro STOXX 600 index up ~0.2%Dollar slips; bitcoin off ~2%; crude down >2.5%; gold risesUS 10-Year Treasury yield falls to ~4.48%Welcome to the home for real-time coverage of marke...Reuters
Fri, May 16
Meta delays release of its 'Behemoth' AI model, WSJ reports
May 15 (Reuters) - Meta Platforms META.O is delaying the release of its flagship "Behemoth" AI model due to concerns about its capabilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Company engineers are struggling to significantly improve the capa...Reuters
Fri, May 16
Berkshire doubles Constellation stake, sells Citigroup and other financial stocks
May 15 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands STZ.N, while shedding investments in Citigroup C.N and other financial services companies.
Reuters
Fri, May 16
US Treasury yields drop as signs of economic deceleration mount
NEW YORK, May 15 (Reuters) - U.S. Treasury yields fell sharply on Thursday after data showed deceleration in the world's largest economy in April, including drops in producer prices, manufacturing output, and a slowdown in retail sales.Reuters
Fri, May 16
Fed's Powell: Strategy around both jobs and inflation needs to be reconsidered
WASHINGTON, May 15 (Reuters) - U.S. Federal Reserve officials feel they need to reconsider the key elements around both jobs and inflation in their current approach to monetary policy, given the inflation experience of the last few years and the possibility that supply shocks and the associated pricReuters
Fri, May 16
UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries
DUBAI, May 15 (Reuters) - The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the United States, a type of deal that previously faced restrictions over Washington's concerns that China could access tReuters
Fri, May 16
