News
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Amazon's Zoox to scale up robotaxi production for US expansion, FT reports
May 7 (Reuters) - Amazon's AMZN.O self-driving start-up Zoox will scale up production next year as it accelerates plans for a commercial rollout of its fleet of robotaxis in the U.S., the Financial Times reported on Wednesday.The company will open a new site in California's Bay Area to expan...Reuters
Wed, May 7
Technical Analysis
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC rebounds as New Hampshire approves first US Bitcoin reserve
Bitcoin (BTC) price is nearing its key resistance level at $97,700 on Wednesday; a decisive close above this level suggests gains toward $100,000. Ethereum (ETH) and Ripple (XRP) prices recover and approach their key resistance levels; a breakout suggests a recovery ahead.
Commodities
PRESS DIGEST-British Business - May 7
May 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Tesla TSLA.O sold just over 500 vehicles in Britain in April, a drop of more than 50% from the previous month, as U...Reuters
Wed, May 7
Forex
FOREX-Dollar languishes ahead of Fed meeting, Asian currencies calmer
By Rocky Swift TOKYO, May 7 (Reuters) - The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets.News that the United States and China are due to talk on Saturday eased conce...Reuters
Wed, May 7
Other
PREVIEW-Toyota's earnings buffered by demand for its hybrids, but US tariff hit looms
US tariff impact on Toyota's FY2025 profit forecast in focusFY2025 operating profit may face 800 billion yen tariff hit, says analystFY2024 Q4 operating profit expected to show first y/y rise in three quartersBy Daniel Leussink TOKYO, May 7 (Reuters) - Robust demand for hybrids is expected to...Reuters
Wed, May 7
Cryptocurrencies
Ethereum ‘Insanely Undervalued’ As Accumulation Addresses Keep Stacking – Is A Rally Imminent?
According to a recent X post by crypto trader Coinvo, Ethereum (ETH) is ‘insanely undervalued’ at its current price. Several on-chain metrics appear to support Coinvo’s assessment, as ETH accumulation addresses continue to stack the digital asset despite lackluster price performance over the past fe...NewsBTC
Wed, May 7
Economic Indicator
Syrian leader heads to France in first European trip
Ahmed al-Sharaa makes first to Europe since fall of AssadFrance cut ties with Assad in 2012 and never renewed themSharaa to lobby France over crippling EU, US sanctions By John IrishPARIS, May 7 (Reuters) - Syrian President Ahmed al-Sharaa will visit Paris on Wednesday, his first trip to Europe sinc...Reuters
Wed, May 7
Stocks
Australia's Kelsian rises after strong performance and outlook in US ops
** Shares of Kelsian KLS.AX rise as much as 16.5% to A$3.25, posting their biggest intraday pct gain since July 2022 ** Stock hits its highest level since March 10 ** Transport provider and tourism operator says U.S. charter operations saw strong utilisation in Q3 with no material impact to date fro...Reuters
Wed, May 7
Other
Trump calls rising India-Pakistan tension a shame; Rubio speaks to both sides
Rubio speaks to national security advisers on both sidesTrump says he hoped for quick end to India-Pakistan tensionUS has held talks with both sides in recent daysWashington is close partner of India, ally of PakistanBy Steve Holland and Kanishka Singh WASHINGTON, May 6 (Reuters) - U.S. President...Reuters
Wed, May 7
Other
SNAPSHOT-What has happened in India and Pakistan as they fight over Kashmir killings
NEW DELHI, May 7 (Reuters) - India launched strikes on Pakistan and Pakistani Kashmir on Wednesday, an assault Pakistan has called a "blatant act of war" as tensions spiral between the nuclear-armed rivals after a deadly attack on tourists in Indian Kashmir. WHAT IS OPERATION SINDOOR?India s...Reuters
Wed, May 7
Stocks
EMERGING MARKETS-Asian shares climb on US-China trade optimism; currencies steady
Equity markets in Manila, Jakarta and Seoul gainChina to cut bank reserve requirements, ratesFed begins two-day meeting, rates likely on holdBy Roushni Nair May 7 (Reuters) - Asian shares rose on Wednesday, supported by optimism that an upcoming meeting between top U.S. and Chinese officials coul...Reuters
Wed, May 7
Stocks
EMERGING MARKETS-Asian shares climb on US-China trade optimism; currencies steady
Equity markets in Manila, Jakarta and Seoul gainChina to cut bank reserve requirements, ratesFed begins two-day meeting, rates likely on holdBy Roushni Nair May 7 (Reuters) - Asian shares rose on Wednesday, supported by optimism that an upcoming meeting between top U.S. and Chinese officials coul...Reuters
Wed, May 7
Stocks
Japan's Nikkei heavy as US tariff woes counter China optimism
By Kevin Buckland TOKYO, May 7 (Reuters) - Japan's Nikkei share average ticked lower on Wednesday, threatening to end a seven-session winning streak, as pharmaceutical shares led losses after U.S. President Donald Trump said he would reveal tariffs on drugs over the next two weeks.Automaker s...Reuters
Wed, May 7
Forex
REFILE-Indian rupee declines in NDF market following strikes against Pakistan
MUMBAI, May 7 (Reuters) - The Indian rupee declined against the U.S. dollar in the non-deliverable forward (NDF) market on Wednesday, after Indian armed forces hit multiple sites in Pakistan and what the Indian government described as "Pakistan-occupied Jammu and Kashmir".The 1-month NDF ind...Reuters
Wed, May 7
Stocks
Australian healthcare stocks at 1-week low on fears of hit to exports to US
** Australian healthcare stocks .AXHJ slip 1.2% to a one-week low, extending declines from previous session** Vaccine maker CSL CSL.AX down 1.8%; biopharma Telix TLX.AX drops 3.3%** US President Trump signs executive order aiming to reduce approval time for local pharma plants to encourage domestic ...Reuters
Wed, May 7
Cryptocurrencies
Ethereum Price Regains Traction—Can Bulls Break Through the Barrier?
Ethereum price started a downside correction and tested the $1,750 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,800 resistance. The price is trading above $1,800 and the 100-hourly Simple Moving Average. There was a br...NewsBTC
Wed, May 7
Other
Eight migrants thought lost at sea found alive in southern California
By Steve GormanLOS ANGELES, May 6 (Reuters) - Eight migrants thought to have been lost at sea off California after their boat capsized, have been found alive, ending a human smuggling drama that left four people dead, including two children from the same Indian family, U.S. officials said on Tuesday...Reuters
Wed, May 7
Stocks
China's Central Bank Shocking Move! RRR Cut and Interest Rate Reduction Ignite Stock Market!
The People's Bank of China announced a reduction in reserve requirements and interest rates this morning. This move has fueled a significant rise in the stock market. The upcoming US-China tariff talks this week are highly anticipated.TradingKey
Wed, May 7
Stocks
CorMedix Inc reports results for the quarter ended March 31 - Earnings Summary
CorMedix Inc CRMD.OQ reported quarterly adjusted earnings of 30 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -25 cents. The mean expectation of six analysts for the quarter was for earnings of 26 cents per share. Wall Str...Reuters
Wed, May 7
