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Commodities
Goldman Sachs Sees Downside Risk To $3.90/Mmbtu Sum25 US Gas Price Forecast
April 23 (Reuters) - GOLDMAN SACHS: SAYS "POSSIBILITY OF STRENGTH IN PRODUCTION LINGERING THROUGH SUMMER POSES A DOWNSIDE RISK TO OUR $3.90/MMBTU SUM25 US GAS PRICE FORECAST"SAYS BUT EVEN IF THAT RISK FULLY REALIZES, THEY ESTIMATE ITS SOFTENING IMPACT ON BALANCES CAN BE REVERSED BY INCREASED...Reuters
Wed, Apr 23
Forex
Australia, NZ dollars gain as policy confusion dogs greenback
By Wayne Cole SYDNEY, April 23 (Reuters) - The Australian and New Zealand dollars were on the rise again on Wednesday as the latest changes in White House policy positions prompted fresh selling of the U.S. dollar from bewildered investors.The U.S. currency had rallied when U.S. President Donald ...Reuters
Wed, Apr 23
Other
Mexican lender Banorte to scrap unprofitable digital bank
CEO says Banorte to sell or fuse Bineo'A lot of people' have come knocking, he saysBanorte to heed government's calls to cut ratesFirst-quarter profits up 8% year-on-yearBy Kylie Madry MEXICO CITY, April 22 (Reuters) - Executives of Mexican lender Banorte said on Tuesday it would eith...Reuters
Wed, Apr 23
Other
REFILE-Xpeng says it is bringing 5C fast charging technology to EV segment
SHANGHAI, April 23 (Reuters) - The CEO of Chinese electric vehicle maker Xpeng 9868.HK said on Wednesday that the company was bringing 5C fast charging technology to the electric vehicle segment for cars priced at around 200,000 yuan ($27,375). It has offered smart assisted driving capabilities ...Reuters
Wed, Apr 23
Stocks
Intel to cut over 20% of workforce, Bloomberg News reports
April 22 (Reuters) - Intel INTC.O is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations and reduce bureaucratic inefficiencies, Bloomberg News reported on Tuesday, citing a person familiar with the matter.The layoffs are part of a broader strate
Reuters
Wed, Apr 23
Forex
NZD/USD strengthens above 0.5950 amid hope for US-China trade deal
The NZD/USD pair gathers strength to around 0.5980 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) has risen to its highest level since early November 2024 against the US Dollar (USD) after the optimistic comments from the US Treasury Secretary Scott Bessent.
Fxstreet
Wed, Apr 23
Stocks
Why Intel Stock Surged Today
After sell-offs yesterday, Intel (NASDAQ: INTC) stock rallied in Tuesday's trading. The semiconductor company's share price gained 2.8% amid a 2.5% gain for the S&P 500 and a 2.7% gain for the Nasdaq Composite. The stock had been up as much as 4.8% before giving up some of its gains.Bloomberg report...The Motley Fool
Wed, Apr 23
Stocks
Why Newsmax Stock Soared Today
Newsmax (NYSE: NMAX) stock closed out Tuesday's trading with big gains. The company's share price was up 9.3% at the end of the day and had been up as much as 13.4% earlier in the session.Newsmax's gains came amid a 2.5% rally for the S&P 500 and a 2.7% jump for the Nasdaq Composite. In addition to ...The Motley Fool
Wed, Apr 23
Stocks
3 Magnificent S&P 500 Dividend Stocks Down 15% to Buy and Hold Forever
The S&P 500 has slumped in recent months. The index has fallen more than 15% from its recent peak, driven down by concerns that tariffs might cause a recession. Many stocks have fallen even further than the index, including ExxonMobil (NYSE: XOM), Federal Realty Investment Trust (NYSE: FRT), and Pep...The Motley Fool
Wed, Apr 23
Cryptocurrencies
Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says
After months of bullish momentum that pushed the Bitcoin price to an all-time high of over $109,000 earlier this year, analysts are now debating whether that surge marked the official market top. Strengthening this argument, a confluence of technical indicators suggests the market cycle may have alr...NewsBTC
Wed, Apr 23
Cryptocurrencies
Chainlink Registers Month Of Exchange Outflows—Altcoin To Watch?
On-chain data shows Chainlink (LINK) has seen a month of consistent outflows, something that could prove to be bullish for the altcoin’s price. Chainlink Exchange Netflow Has Been Negative Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the trend ...Bitcoinist
Wed, Apr 23
Stocks
Australian tech stocks hit one-week high tracking Wall Street gains
** Australian technology stocks .AXIJ rise as much as 3.5%, a peak since April 16** Sub-index tracks Wall Street peers, as U.S. stocks rebounded on upbeat quarterly earnings results and hints at the de-escalation of U.S.-China trade tensions .N** Australian-listed shares of Block XYZ.AX were up 7.5%...Reuters
Wed, Apr 23
Stocks
Why Alphabet Stock Cranked Higher Today
Although Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) is currently undergoing a tough antitrust case, investors pushed the prices of its two share classes higher on the second trading day of the week. Many were cheered by the prospect of a top name in artificial intelligence (AI) potentially buying one of...The Motley Fool
Wed, Apr 23
Other
Three prosecutors in corruption case against NYC Mayor Eric Adams resign
Three remaining assistant U.S. attorneys on Adams case resign after they were ordered to admit wrongdoing11 total DOJ lawyers pressured to drop Adams case have since resigned in protestBy Sarah N. Lynch WASHINGTON, April 22 (Reuters) - The three remaining federal prosecutors who brought criminal ...Reuters
Wed, Apr 23
Stocks
Is Brookfield Asset Management Stock a Millionaire-Maker?
Brookfield Asset Management (NYSE: BAM) is an interesting dividend stock that many individual investors may not be familiar with. It has generated total returns of 64% since its creation in late 2022, as a spin-off from Brookfield Corporation, one of the world's largest alternative investment compan...The Motley Fool
Wed, Apr 23
