News
Important Only
Economic Indicator
UK new car sales drop in April on weak consumer confidence
Tesla UK sales drop 62%BEV registrations rise 8.1%, still below government targetIndustry analysts predict US car demand decline due to tariffs May 6 (Reuters) - British new car registrations fell more than 10% year-on-year in April, including a 62% plunge for Tesla TSLA.O, hit by weak consumer c...Reuters
Tue, May 6
Stocks
Robinhood Stock Is Crushing the S&P 500 in 2025, but I'm Worried About This 1 Thing
The S&P 500 (SNPINDEX: ^GSPC) is off to a bumpy start to 2025. It was down by as much as 15% year to date in April, but it has since staged a recovery and trimmed the loss to 4%. The volatility was triggered by President Donald Trump's "Liberation Day" tariffs, which investors fear might lead to an ...The Motley Fool
Tue, May 6
Cryptocurrencies
Crypto Analyst Calls Wave 5 To Send XRP Price Above $6
With the XRP price struggling to break out of consolidation, there is still a lot left for the altcoin to do before a definite uptrend can be registered. So far, it seems that the XRP price has already made its way through multiple support levels. However, a wave count is yet to begin that could sen...NewsBTC
Tue, May 6
Cryptocurrencies
Ethereum Poised For 500% Upside As Bullish Pattern Reappears, Cardano, Mutuum Finance May Follow
Ethereum is putting on its best bullish chart look that foreshadowed a big rally in 2021, and now commentators are warning a 500% upside could materialize. Since ETH regained some of its might and spurring fresh enthusiasm around the altcoins, its impending breakout is ready to trigger similar action among its peers. Cardano (ADA), with […]Cryptopolitan
Tue, May 6
Cryptocurrencies
Bank of England to cut interest rates on Thursday
The Bank of England is getting ready to slash rates by 0.25 percentage points on Thursday, which will drop the UK’s benchmark interest rate from 4.5% to 4.25%. That decision is coming straight from the Monetary Policy Committee (MPC), and it’s likely gonna be the first of many as policymakers prepare for more cuts in […]Cryptopolitan
Tue, May 6
Forex
China's yuan ends at six-month high as carry trades unwind
SHANGHAI, May 6 (Reuters) - China's yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets and back into Asia.The onshore yuan CNY=CFXS ended the domestic session at 7.216...Reuters
Tue, May 6
Other
Germany's AfD backs new vote for chancellor on Wednesday
BERLIN, May 6 (Reuters) - The far-right Alternative for Germany (AfD) supports a second vote in parliament for chancellor taking place on Wednesday, the party co-leader said after conservative leader Friedrich Merz failed to win the majority needed."We will not stand in the way of a second round...Reuters
Tue, May 6
Stocks
4 Reasons You Should Think Twice Before Dipping into Your Retirement Account to Buy a Home
What do you do when you want to buy a home but lack the money for a down payment? Dipping into your retirement savings by taking a withdrawal from a 401(k) or IRA may seem like an obvious answer, but doing so can come with serious drawbacks. Here, we cover four of the more serious issues associated ...The Motley Fool
Tue, May 6
Other
Gallagher acquires Türkiye-based broker Aspera
May 6 - (The Insurer) Arthur J Gallagher announced on Tuesday that it has acquired Türkiye-based boutique insurance and reinsurance broker Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera).Terms of the transaction has not been disclosed.Aspera will become a part of Gallagher’s operations in the c...Reuters
Tue, May 6
Technical Analysis
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6420 and 0.6485 vs US Dollar (USD). In the longer run, further AUD strength is not ruled out, but it must first break clearly above 0.6510, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, May 6
Stocks
Think a Recession Is Coming? This AI Stock Can Still Thrive.
One of the core assumptions that underpins the artificial intelligence (AI) boom is that each new generation of AI model will require ever-increasing computational horsepower to train and run. DeepSeek, the Chinese AI company that managed to put out an AI model that performed well using a fraction o...The Motley Fool
Tue, May 6
Technical Analysis
Binance Coin price signals breakout as BNB Chain announces plug-and-play AI integration
Binance Coin (BNB) is making another recovery attempt at around $600 at the time of writing on Tuesday, as the broader cryptocurrency market consolidates gains following a significant bullish turnaround in April.
Fxstreet
Tue, May 6
Other
China's Xi ready to work with EU to expand ties, handle friction
BEIJING, May 6 (Reuters) - President Xi Jinping said China was ready to work with European Union leaders to expand mutual openness and properly handle frictions and differences, the official news agency Xinhua reported on Tuesday.The remarks come on the 50th anniversary of diplomatic ties between Ch...Reuters
Tue, May 6
Forex
'Opaque' cross-border payment volumes could top $300 trillion in 5-10 years, Italy c.bank head says
MILAN, May 6 (Reuters) - Annual cross-border payments volumes are projected to pass $300 trillion in the next five to 10 years from $190 trillion in 2024, but processing such payments remains "slow, expensive and opaque," Italy's central banker said on Tuesday.Cross-border payments have ...Reuters
Tue, May 6
