News
Important Only
Oil jumps 5% on supply concerns as Iran conflict widens
US-Israeli conflict with Iran disrupts oil supplies, shippingIraq cuts output by 1.5 million bpd due to storage, export issuesAttacks on oil tankers in Gulf, Chinese fuel export cuts push prices higherBy Georgina McCartney HOUSTON, March 5 (Reuters) - Oil prices jumped 5% on Thursday, extending a...Reuters
an hour ago
Nvidia halts China-bound H200 output, shifts TSMC capacity to Vera Rubin, FT reports
March 5 (Reuters) - Nvidia NVDA.O has stopped production of its second-most advanced artificial intelligence chips, known as H200 chips, intended for the Chinese market, the Financial Times reported on Thursday.The U.S. chipmaker has reallocated manufacturing capacity at chip contract maker TSMC 233...Reuters
3 hours ago
BREAKINGVIEWS-Novo Nordisk's illness offers painful lessons
By Aimee Donnellan DUBLIN, March 3 (Reuters Breakingviews) - In June 2024, Novo Nordisk NOVOb.CO was the most valuable company in Europe, worth almost $660 billion. Its two weight loss drugs – Ozempic and Wegovy – had become cultural and medical phenomena. The company was even seismic enough to d...Reuters
6 hours ago
Middle East Conflict Remains Unclear, Safe-Haven Sentiment Reverses Gains, Three Major US Stock Index Futures Collectively Turn From Gains to Losses. Gold and Silver Slump at One Point
TradingKey - At 8:30 AM ET, U.S. initial jobless claims for the week ending February 28 were 213,000, compared to an expected 215,000. In pre-market trading, the three major U.S. stock index futures reversed earlier gains to trade lower. Dow Jones futures fell more than 0.5%, S&P 500 futures edged down nearly 0.3%, and Nasdaq 100 futures declined over 0.2%.
Tesla Third-Largest Individual Shareholder Leo KoGuan Adds $180 Million to Nvidia Against the Trend? And Vows to ‘Continue Building Positions in the Future’
TradingKey — Recently, the AI sector has experienced significant volatility driven by risk-off sentiment and concerns over an AI bubble. However, a prominent investor long active in the tech sector has chosen to increase positions against the market trend.TradingKey
7 hours ago
Risk Sentiment Stabilizes, Market Awaits New Data, Three Major US Stock Index Futures Diverge Pre-Market, Some Chinese Concept Stock Data Shine
TradingKey - Pre-market on March 5, Eastern Time, Dow Jones futures weakened slightly, down approximately 0.09%, while S&P 500 and Nasdaq 100 futures edged higher as sentiment in the technology sector remained relatively stable. Index futures saw limited volatility, though market risk appetite remains cautious.TradingKey
8 hours ago
Fed: Rate cut odds repriced with strong data – Deutsche Bank
Deutsche Bank strategists highlight that markets are pricing out early Federal Reserve easing following strong ISM Services and ADP private payrolls data. Analysts note that the probability of a June rate cut has fallen to 39% as skepticism grows that a new Fed Chair can start cutting rates straightFxstreet
11 hours ago
Morgan Stanley sees no more ECB easing in 2026 as Mideast crisis lifts inflation risks
March 5 (Reuters) - Morgan Stanley on Thursday became the latest Wall Street brokerage to forecast that the European Central Bank will keep interest rates steady through 2026, citing potential inflation risks due to the conflict in the Middle East.Reuters
11 hours ago
EXCLUSIVE-Euro zone banks face multiple threats from Iran war, ECB supervisor says
FRANKFURT, March 5 (Reuters) - Euro zone banks face only a limited direct impact from the war in Iran, but the larger danger lies in how a weakened economy might feed back into lenders’ balance sheets, a senior European Central Bank supervisor told Reuters.Reuters
11 hours ago
Gold and Silver Stage Deep V-Shaped Reversal as Market Closely Watches Global Central Bank Speeches and Geopolitical Risks
TradingKey - Gold and silver prices witnessed a deep V-shaped reversal during the Asian trading session. Earlier, Bloomberg reports suggested that the Bank of Japan is leaning toward maintaining interest rates at its March policy meeting, while not ruling out the possibility of a rate hike in April. Following this news, gold prices briefly turned negative during intraday trading.Iran crisis could disrupt supply of key chipmaking materials, South Korea warns
South Korea sources helium, bromine from Middle EastEnergy cost spike may raise chip prices, industry fearsAI data centre plans in Middle East could face setbacksBy Heejin Kim and Hyunjoo Jin SEOUL, March 5 (Reuters) - The U.S.-Israel war with Iran could disrupt supplies of key semiconductor manu...Reuters
13 hours ago
Hang Seng and Hang Seng Tech Index Turn Lower Intraday, Rose Over 1.5% in Morning, May Have Entered Technical Bear Market
TradingKey - Major Hong Kong stock indices fluctuated during Thursday’s Asian trading session. The Hang Seng Index and the Hang Seng Tech Index rose by more than 1.5% in early trading before gains quickly evaporated and turned into losses, signaling that market sentiment remains highly unstable.TradingKey
14 hours ago
Crypto Under Siege? Trump Says Banks Are Trying To Kill It
Coinbase’s chief publicly accused big banks of trying to choke off parts of a law meant to clear the rules for stablecoins and other crypto products. Brian Armstrong said banks were pushing terms that would make the law less useful to crypto firms, a charge that has widened into a political spat thaBitcoinist
14 hours ago
Gold gains on safe-haven demand as Middle East conflict widens
U.S. submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold prices climbed on Thursday as a widening conflict involving the U.S., Israel and Iran drove iReuters
14 hours ago
Alibaba forms task force to boost AI development after Qwen chief's exit
BEIJING, March 5 (Reuters) - Alibaba Group Holding Ltd 9988.HK said on Thursday it would set up a new task force to accelerate foundation model development, following the resignation of its Qwen AI division head Lin Junyang.Reuters
14 hours ago
