News
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Gold rebounds from near 1-week low on bargain-hunting ahead of US jobs data
Gold prices rose on Wednesday, as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session, while focus was also on the U.S. private payroll data for cues on future interest rate cuts.Reuters
Wed, Nov 5
Stocks dip on valuation fears, dip-buyers emerge
Asian stocks recovered some lost ground on Wednesday after a steep selloff as market volatility surged to levels not seen since April following an overnight tech-led selloff on Wall Street heightened concerns over stretched valuations.Reuters
Wed, Nov 5
Silver Price Forecast: XAG/USD moves above $47.50 as safe-haven demand increases
Silver price (XAG/USD) halts its three-day losing streak, trading around $47.60 per troy ounce during the Asian hours on Wednesday. The price of Silver metal gains ground amid increased safe-haven demand, driven by a global selloff in risk assets.
Fxstreet
Wed, Nov 5
Supreme Court weighs legality of tariffs in major test of Trump's power
The U.S. Supreme Court is due on Wednesday to hear arguments over the legality of Donald Trump's sweeping tariffs in a case with implications for the global economy that marks a major test of the Republican president's powers and the willingness of the justices to let him push the limits of his authReuters
Wed, Nov 5
SoftBank Group: With OpenAI Launched JV 'SB OAI Japan', To Market 'Crystal Intelligence' Exclusively In Japan in 2026
Nov 5 (Reuters) - SoftBank Group Corp 9984.T:SOFTBANK GROUP CORP: SOFTBANK GROUP AND OPENAI LAUNCH 'SB OAI JAPAN' JOINT VENTURESOFTBANK GROUP CORP: SB OAI JAPAN IS EXPECTED TO MARKET CRYSTAL INTELLIGENCE EXCLUSIVELY IN JAPAN, WITH AVAILABILITY PLANNED FOR 2026SOFTBANK GROUP CORP: SAM ALTMAN ...Reuters
Wed, Nov 5
Revised Profit Forecast For United States Steel Corporation Due To High Market Uncertainties In The U.S
Nov 5 (Reuters) - Nippon Steel Corp 5401.T:NIPPON STEEL CORP - REVISED PROFIT FORECAST FOR UNITED STATES STEEL CORPORATION DUE TO HIGH MARKET UNCERTAINTIES IN THE U.SNIPPON STEEL CORP - EXPECT TO RECOGNIZE LOSSES ON REORGANIZATION ASSOCIATED WITH TRANSFER OF EQUITY INTERESTS IN USINAS SIDERÚRGICAS DReuters
Wed, Nov 5
Japan's Nikkei falls 2% to track Wall Street's sharp decline
TOKYO, Nov 5 (Reuters) - Japan's Nikkei share average fell more than 2% on Wednesday to touch a one-week low as high-flying technology stocks tracked Wall Street's sharp declines overnight. As of 0025 GMT, the Nikkei .N225 was down 2% at 50,463.01, hitting its lowest since last Wednesda...Reuters
Wed, Nov 5
Wall St ends lower as bank CEOs warn of possible pullback, fueling tech bubble jitters
NEW YORK, Nov 4 (Reuters) - U.S. stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations.Reuters
Wed, Nov 5
Lilly, Novo near White House deals to cut obesity drug prices, gain Medicare access, source says
Nov 4 (Reuters) - Eli Lilly LLY.N and Novo Nordisk NOVOb.CO are expected to announce deals with the Trump administration to cut prices of their weight-loss drugs in exchange for Medicare coverage, a White House source told Reuters on Tuesday.Patients in the U.S. currently pay the most for prescripti
Reuters
Wed, Nov 5
US Senate efforts to reopen government show frustration as deal proves elusive
WASHINGTON, Nov 4 (Reuters) - Bipartisan efforts in the U.S. Senate to reopen the federal government as early as this week gave way to fresh signs of frustration on Tuesday, even as Republicans and Democrats aired details of a possible path out of the five-week-old impasse.Reuters
Wed, Nov 5
Pinterest's weak revenue forecast signals intense competition for ad dollars
Nov 4 (Reuters) - Pinterest PINS.N forecast fourth-quarter revenue slightly below Wall Street estimates on Tuesday, signaling fierce competition from larger platforms such as Meta during the holiday season, sending its shares down over 20% in extended trading. The company expect...
Reuters
Wed, Nov 5
Super Micro misses quarterly estimates on delivery delays
Nov 4 (Reuters) - Super Micro Computer missed Wall Street estimates for quarterly profit and revenue on Tuesday, hit by a shift in delivery schedules for large artificial intelligence deals, sending the server maker's shares down more than 8% in extended trading.The company SMCI.O ha...
Reuters
Wed, Nov 5
US President Donald formalizes fentanyl, reciprocal tariff cuts in US-China deal
US President Donald Trump announced a cut to fentanyl-related tariffs on imports from China, lowering the rate from 20% to 10%, and the continued freeze of some of his reciprocal levies on Chinese goods, Bloomberg reported on late Tuesday.
Fxstreet
Wed, Nov 5
AMD beats Q3 revenue and EPS, but gross‑margin guidance merely meets expectations
AMD reported third‑quarter numbers that beat Wall Street estimates on both revenue and earnings per share, but the company’s gross‑margin outlook did not come in stronger than expectations. That was enough to push the stock lower in extended trading. The company said adjusted earnings per share came
Cryptopolitan
Wed, Nov 5
Bitcoin Price Slides Below $105K Amid $186M ETF Outflows
The Bitcoin price extended its decline on Tuesday, plunging below $103,700, its lowest level since June, as the crypto market faced one of the largest liquidation waves in weeks. Related Reading: Market Maker Balancer Compromised: Key Facts Behind The $128 Million Hack Data from Coinglass showed tha
Bitcoinist
Wed, Nov 5
Oil settles lower on stronger dollar, fears of oversupply
By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) - Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supp...Reuters
Tue, Nov 4
