News
Important Only
Japanese Yen remains on the back foot amid a positive risk tone; downside seems limited
The Japanese Yen attracts sellers for the second straight day due to a positive risk tone. Bets for more interest rate hikes by the BoJ should help limit deeper losses for the JPY. The divergent BoJ-Fed expectations should contribute to capping gains for USD/JPY.
Fxstreet
Wed, Feb 19
Ethereum Exchange Balances Drop To 9-Year Low – Time For A Major Price Move?
According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency.
NewsBTC
Wed, Feb 19
METALS-LME copper eases on Trump's tariff threats on automobiles, semiconductor chips
Feb 19 (Reuters) - London copper eased on Wednesday, following U.S. President Donald Trump's threat to impose 25% tariffs on automobiles and semiconductor chips, which could weigh on the metal's demand.Reuters
Wed, Feb 19
Australian Dollar loses ground following fresh Trump tariff threats
The Australian Dollar declines as market sentiment deteriorates amid fresh tariff threats from US President Donald Trump. Australia's Wage Price Index increased by 0.7% QoQ in Q4 2024, missing the expected 0.8% rise. Hawkish remarks from Federal Reserve officials bolster the US Dollar.
Fxstreet
Wed, Feb 19
Why Intel Stock Is Skyrocketing Today
The Wall Street Journal reported that Broadcom is looking into making a bid for Intel's product business, the heart of Intel, which designs and markets its own chips. The deal could involve the company being cut in two, with Taiwan Semiconductor stepping in to take over its other major business...The Motley Fool
Wed, Feb 19
Fed’s Michael Barr weighs in on crypto and debanking—Do it right or not at all
Michael Barr spoke at the Council on Foreign Relations in New York about concerns regarding debanking and regulations on cryptocurrency as he steps down from his role as Vice Chair for Supervision at the Federal Reserve Bank.
China's new home prices stagnate in January as property sector struggles
China's new home prices were unchanged month-on-month in January, official data showed on Wednesday, suggesting the crisis-hit property sector is still grappling to find stability, despite continued government efforts to prop up the market.
Reuters
Wed, Feb 19
JPMorgan lifts Bath&Body Works stock rating as it sees fundamental inflection
JPMorgan (NYSE:JPM) upgraded Bath&Body Works (NYSE:BBWI) to "Overweight" from "Neutral" given an improving outlook for both revenue and profitability into fiscal 2025. Brokerage also raised its price target to $47 on expectations of steady revenue growth and margin expansion.Investing.com
Wed, Feb 19
Silver Lake in talks to buy majority stake in Intel's Altera unit, sources say
Adds details from sources in paragraph 2By Juby Babu and Milana Vinn Feb 18 (Reuters) - Buyout firm Silver Lake is in exclusive discussions to purchase a majority stake in Intel's INTC.O programmable chip business, Altera, a person familiar with the matter told Reuters on Tuesday.The deal is ...Reuters
Wed, Feb 19
New Zealand central bank cuts rates by 50 basis points
WELLINGTON, Feb 19 (Reuters) - New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday as policymakers sought to revive a struggling economy, and markets bet that moderating inflation will bring borrowing costs even lower over coming months.
Reuters
Wed, Feb 19
Analyst Reveals Bitcoin’s Halving Cycle Signals Untapped Potential—What’s Next?
Bitcoin’s price performance in recent weeks has maintained a sluggish movement, with the cryptocurrency now hovering near the $97,000 mark. Despite the 3% decline over the past two weeks, Bitcoin remains within a consolidation phase following its January all-time high above $109,000.Former OpenAI tech chief Murati launches AI startup, poaching staff from ChatGPT maker
Former OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.Reuters
Wed, Feb 19
