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Iran war sends US crude futures up 12% a barrel
WTI hits level last seen in September 2023Brent trades over $90 per barrel for first time since April 2024Trump says he is unconcerned about rising gasoline pricesQatar's energy minister says oil could reach $150 a barrelBy Erwin Seba HOUSTON, March 6 (Reuters) - U.S. crude futures climbe...Reuters
12 hours ago
US Treasury oil futures plan under consideration, but no immediate announcement, administration official says
March 6 (Reuters) - The U.S. Treasury’s plan to address rising energy prices in the wake of the Iran conflict, including potential measures involving the oil futures market, remains under consideration but there is no immediate plan to announce anything for now, an administration official said o...Reuters
23 hours ago
Nonfarm Payrolls Unexpectedly Cold. February Employment Plunges 92,000, Three Major US Stock Index Futures Collectively Fall.
TradingKey - Data released by the U.S. Department of Labor on Friday showed that February nonfarm payrolls unexpectedly decreased by 92,000, far below the market expectation of a 59,000 increase. The previous figure was revised down from a 130,000 gain to 126,000, while December's data was also sharply revised down from an increase of 48,000 to a decrease of 17,000. This implies that nearly half of the employment growth from the past two months has been wiped out.
Costco signals price cuts if tariff refunds materialize
By Juveria Tabassum and Sanskriti Shekhar March 5 (Reuters) - Costco Wholesale COST.O said on Thursday 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.Costco was among over 1,000 businesses th...Reuters
Fri, Mar 6
US Stock Futures Fall and Oil Prices Rise on Energy Crisis Disruptions and Pre-Payroll Caution
TradingKey - The three major US stock index futures dived collectively, with Nasdaq futures falling over 0.5% intraday, Dow futures down more than 0.3%, and S&P 500 futures declining 0.46%.TradingKey
Fri, Mar 6
Ethereum ETFs Record Best Single-Day Performance Since January With $169M Inflows
As the crypto market bounces from the latest shakeout, Ethereum (ETH) and investment products based on the King of Altcoins recorded a remarkable single-day performance, potentially setting the stage for further recovery.NewsBTC
Fri, Mar 6
Euro zone yields on track for biggest weekly rise since March
March 6 (Reuters) - Concerns that the Middle East conflict could fuel inflation have driven euro zone government bond yields towards their biggest weekly rise since March last year, when Germany announced plans for a major increase in fiscal spending.Reuters
Fri, Mar 6
Forex Today: US NFP data and Middle East crisis to keep volatility high
Here is what you need to know on Friday, March 6: Market participants gear up for the release of the US February employment report on Friday, which will feature Nonfarm Payrolls (NFP), Unemployment Rate and wage inflation figures, while navigating through the headlines surrounding the Middle East crFxstreet
Fri, Mar 6
EMERGING MARKETS-Oil shock, war fears send Asian markets to their worst week since 2020
March 6 (Reuters) - Most Asian assets sank toward their heaviest weekly loss since the pandemic on Friday, as Middle East conflict-driven oil shocks forced investors to unwind one of this year's strongest emerging-market trades.Reuters
Fri, Mar 6
HK Grey Market | Zhaowei Surges 20%; Alsco Pooling Jumps 17%; Estun Drops 10%
Chinese electromechanical parts provider Zhaowei Electromechanical jumped 20% in Hong Kong grey market trading. Zhaowei Electromechanical is the largest provider of integrated micro transmission and drive system products in China and the fourth-largest globally (according to a Frost & Sullivan reporTiger News
Fri, Mar 6
REFILE-Oil falls as US may intervene in futures market, issues waiver for Russian purchases
By Helen Clark 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 Eas...Reuters
Fri, Mar 6
U-Turn: Trump Administration Abandons Crude Oil Futures Intervention Plan
TradingKey - March 6: According to Bloomberg, the Trump administration had discussed authorizing the Treasury Department to trade crude oil futures, but latest reports indicate that the proposal has now been shelved.
TradingKey
Fri, Mar 6
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP at risk as US-Iran war extends
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range.
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
Fri, Mar 6
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
Fri, Mar 6
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 institutioBitcoinist
Fri, Mar 6
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
Fri, Mar 6
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
Fri, Mar 6
