News
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Economic Indicator
REFILE-Powell notes sour mood but says economy is still 'healthy'
By Michael S. DerbyNEW YORK, May 7 (Reuters) - Federal Reserve Chair Jerome Powell acknowledged on Wednesday uncertainty is affecting economic decisions while again affirming the economy is still in a good place. "It's still a healthy economy, albeit one that is shrouded in some very downbea...Reuters
Wed, May 7
Cryptocurrencies
XRP Price At $9 In September: Gann Angle Resistance Grid Predicts Surge
XRP’s price action in the past seven days has been marked by a consistent decline from $2.25, putting the target at a probable break below $2. If XRP were to lose this support level, there’s a risk of a further crash until it reaches $1.6, as there isn’t a realistic support base be...NewsBTC
Wed, May 7
Cryptocurrencies
Bitwise Forecasts XRP To Hit $29.32 By 2030 In ‘Max Case’ Scenario
Bitwise Asset Management’s latest 32-page study, The Investment Case for XRP, applies a capital-asset-pricing-style framework to the embattled payments token and concludes that, under its most optimistic assumptions, it could trade at $29.32 by 2030. The figure is the output of what the authors labe...Bitcoinist
Wed, May 7
Commodities
CBOT wheat futures edge lower on improving harvest prospects
May 7 (Reuters) - Chicago Board of Trade wheat futures ticked down on Wednesday as rains moving across the U.S. wheat belt pressured prices, traders said. The wheat market has drawn support from dryness concerns in Henan, a major wheat-producing province in China. Reduced output there could spur mor...Reuters
Wed, May 7
Other
US seeks complaints about concert, ticketing business practices
May 7 (Reuters) - U.S. antitrust enforcers are seeking information from artists, fans and others about unfair and anticompetitive practices in the live concert and event industries as part of a crackdown by the Trump administration on ticket scalping.The U.S. Department of Justice, which is suing Ti...Reuters
Wed, May 7
Economic Indicator
Fed's Powell says can't be preemptive with rate policy right now
NEW YORK, May 7 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday uncertainty is such at this moment that the U.S. central bank cannot make policy shifts to address where the economy might be heading. "It's not a situation where we can be preemptive because we actually don...Reuters
Wed, May 7
Other
Russian air defences down 12 more Ukrainian drones en route to Moscow, mayor says
MOSCOW, May 7 (Reuters) - Russian air defence forces downed 12 Ukrainian drones flying towards Moscow, the city's mayor, Sergei Sobyanin, said on Wednesday. Sobyanin, in a series of posts over four hours on the Telegram messaging app, noted that 12 drones headed for the capital had been repelled...Reuters
Wed, May 7
Forex
FOREX-Dollar retains strength against peers after Fed rate decision
By Chibuike OguhNEW YORK, May 7 (Reuters) - The U.S. dollar remained slightly stronger against major currencies including the yen and the euro on Wednesday after the Federal Reserve left interest rates unchanged, in line with market expectations. The Fed kept its benchmark interest rate steady in th...Reuters
Wed, May 7
Other
US considering exempting car seats, strollers from Chinese tariffs
By David ShepardsonWASHINGTON, May 7 (Reuters) - The Trump administration is considering exempting car seats, baby strollers, cribs and other essential items for transporting children from tariffs on China up to 145%, Treasury Secretary Scott Bessent said on Wednesday.Bessent said under questioning ...Reuters
Wed, May 7
Other
Gilead announces $11 billion in new investments in US
May 7 (Reuters) - Gilead Sciences GILD.O on Wednesday announced $11 billion in capital and operational investments in the U.S. to supplement an already planned spending of $21 billion in domestic manufacturing and R&D through 2030.Reuters
Wed, May 7
Commodities
CBOT corn futures tick down on favorable planting weather
CHICAGO, May 7 (Reuters) - Chicago Board of Trade corn futures crept lower on Wednesday despite good demand for U.S. corn as favorable planting weather in the U.S. Midwest and the upcoming Brazilian corn harvest pressured pricesFavorable weather over the next 10 days in the U.S. Midwest is expected ...Reuters
Wed, May 7
Other
US FDA advisers to discuss COVID-19 vaccine recommendations on May 22
May 7 (Reuters) - The U.S. Food and Drug Administration said on Wednesday it will hold a meeting of experts on May 22 to discuss COVID-19 vaccine recommendations for the upcoming immunization campaign.The meeting comes after the appointment of Martin Makary as FDA commissioner. Makary had earlier ra...Reuters
Wed, May 7
Commodities
USDA projects sharp increase in India's sugar production
May 7 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in New Delhi:"India's sugar production is to reach 35 million metric tons raw value in 2025/26, reflecting a 26% increase from the revised es...Reuters
Wed, May 7
Other
MOVES-Citi Wealth appoints JPMorgan veteran as capital markets' global head
May 7 (Reuters) - Industry veteran Russell Budnick is set to join Citi Wealth as the global head of capital markets in August 2025, Citigroup C.N said on Wednesday. Budnick spent the past two decades of his life at JPMorgan JPM.N, where he most recently served as the global head of market strategy a...Reuters
Wed, May 7
Other
After critical remarks in Munich, Vance adopts more conciliatory tone toward Europe
Vance quips he wasn't sure he'd be invited back to security conferenceVP says Europe and US remain closely linkedVance says concessions that Russia has demanded are "too much"By Jeff Mason and Andrea Shalal WASHINGTON, May 7 (Reuters) - U.S. Vice President JD Vance on Wednesday sa...Reuters
Wed, May 7
Other
EXCLUSIVE-Qatari financing of Syrian salaries gets US go-ahead, sources say
Qatar to fund salary hike for Syrian civil servants Doha had been wary of acting without US blessingFunding excludes Syrian interior and defence ministries due to Western concernsSyrian economy embarks on free market experiment after decades of protectionism, crony ruleBy Timour Azhari and Andrew Mi...Reuters
Wed, May 7
