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CORRECTED-GLOBAL MARKETS-Stocks set for tough week, oil eyes big gains as Middle East war rages
Oil prices surge, stoking inflation fearsAsia stocks down more than 6% this week, biggest fall since March 2020Yields jump as rate expectations turn hawkishBy Rae Wee SINGAPORE, March 6 (Reuters) - Asia stocks fell on Friday and were headed for their sharpest weekly drop in six years while oil pr...Reuters
21 minutes ago
Pentagon designates Anthropic a supply chain risk
'Supply-chain risk' label effective immediatelyBars government contractors using Anthropic tech in US military workAnthropic to challenge designation in courtCompanies can still use Claude in projects unrelated to PentagonBy Karen Freifeld and Deepa Seetharaman March 5 (Reuters) - The Pen...Reuters
52 minutes ago
Oil falls as US may intervene in futures market, issues waiver for Russian purchases
PERTH, March 6 (Reuters) - Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war.Reuters
an hour ago
US Mulls Requiring Permits for Global Nvidia, AMD AI Chip Sales, Bloomberg Reports
Nvidia has long been the world’s AI kingmaker. Now, the Trump administration is considering taking a formal role in the industry that would include similarly sweeping powers, Bloomberg News reported.
Tiger News
2 hours ago
Ethereum’s Price Dips, But Bitmine Immersion Is Buying More ETH Through Market Chaos
Ethereum may have bounced back above the $2,100 price level once again, but it is still far away from its recent all-time high of $4,900. Even with ETH falling this hard from its recent high, big companies are still adopting the leading altcoin, and Bitmine Immersion is demonstrating this institutio
Bitcoinist
2 hours ago
Dollar set for steepest weekly gain in a year as Iran crisis boosts haven bid
TOKYO, March 6 (Reuters) - The U.S. dollar held broadly steady in early Asian trade on Friday and was poised for its steepest weekly gain in more than a year as the escalating conflict in the Middle East drove demand for safe-haven assets.Reuters
3 hours ago
Marvell projects strong fiscal 2028 revenue on AI-driven data center boom, shares jump
March 5 (Reuters) - Marvell Technology MRVL.O forecast fiscal 2028 revenue above Wall Street estimates on Thursday, signaling robust demand for custom chips and interconnect solutions used in artificial intelligence data centers, sending its shares surging 15% in extended trading.Reuters
3 hours ago
Gold Edges Lower in Early Asian Trade as Inflation and Dollar Suppress Gold’s Safe-Haven Value
TradingKey - During the early Asian session on March 6, spot gold (XAUUSD) maintained a volatile and slightly downward trend, currently trading near $5,074/oz. Meanwhile, spot silver (XAGUSD) edged up 0.21% to $82.07.
Japan's 10-year bond yields rise as Middle East conflict fuels inflation fears
TOKYO, March 6 (Reuters) - The benchmark 10-year Japanese government bond (JGB) yield edged higher on Friday as investors remained on edge over the risk that a prolonged Middle East conflict could stoke inflation by driving up energy costs.Reuters
3 hours ago
Today’s Market Recap: Global Markets Shaken by Oil Spikes and Geopolitics
Geopolitical shifts in the Strait of Hormuz have disrupted global shipping, forcing major powers to coordinate Red Sea security and impacting everything from gold prices to South Korean semiconductor supply chains.
TradingKey
4 hours ago
UAE explores freezing Iranian assets, WSJ reports
March 5 (Reuters) - The United Arab Emirates is weighing freezing billions of dollars of Iranian assets held in the Gulf state, the Wall Street Journal reported on Thursday, citing people familiar with the discussions.Reuters could not immediately confirm the report.Reuters
4 hours ago
Gap flags hit from tariffs, forecasts annual adjusted profit below estimates
March 5 (Reuters) - Gap GAP.N joined a growing list of companies in warning about pressure and uncertainty from U.S. import tariffs and forecast annual adjusted profit largely below Wall Street estimates on Thursday, sending its shares down 7% in extended trading.Reuters
4 hours ago
Trump's tariff refunds may total up to $182 billion, estimates find
WASHINGTON, March 5 (Reuters) - A federal judge on Wednesday ordered the U.S. government to begin paying refunds of President Donald Trump's emergency tariffs that the U.S. Supreme Court deemed illegal in late February. This could ultimately return $168 billion to $182 billion to importers, budg...Reuters
4 hours ago
Costco Wholesale beats holiday-quarter results estimates on resilient demand
March 5 (Reuters) - Costco Wholesale COST.O beat estimates for holiday-quarter sales and profit on Thursday and said it would cut prices if it received any refunds from the U.S. Supreme Court's decision to strike down President Donald Trump's emergency tariffs.Reuters
4 hours ago
Venezuela to ensure security of mining companies, exceed oil production goals, US Interior Secretary says
CARACAS, March 5 (Reuters) - U.S. Interior Secretary Doug Burgum said a new mining law in Venezuela will create opportunities for companies, licenses allowing them to operate are on the horizon and the interim government of Delcy Rodriguez has promised to ensure their security, sounding an optimistiReuters
4 hours ago
Gulf states could review investments due to financial strains caused by Iran war, FT reports
March 5 (Reuters) - Gulf states could start to review their overseas investments and future commitments as they consider options to ease the pressure on their budgets following the U.S.-Israeli attacks on Iran, the Financial Times reported on Thursday.A Gulf official told the newspaper the conflictReuters
4 hours ago
Oil settles up around 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 rallied on Thursday on growing dis...Reuters
6 hours ago
