News
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Forex
Australian Dollar holds gains as US Dollar remains subdued after ISM Services PMI and jobs data
The Australian Dollar (AUD) strengthened on Wednesday, with the AUD/USD pair gaining traction after the United States (US) reported mixed ISM Services PMI and softer ADP Employment Change figures.
Fxstreet
Wed, Mar 5
Other
Tokio Marine HCC president Schell to retire as Cook named deputy CEO
By Michael LoneyMarch 5 - (The Insurer) - h Tokio Marine HCC has announced that Mike Schell will retire as president at the end of March, and Barry Cook will take on the newly created position of deputy CEO in addition to his role as CEO of Tokio Marine HCC International.Schell joined Houston-based ...Reuters
Wed, Mar 5
Cryptocurrencies
Bitcoin developer Peter Todd criticizes inclusion of altcoins in Strategic Crypto Reserve
Canadian Bitcoin developer Peter Todd has heavily criticized the concept of strategic cryptocurrency reserve involving other digital assets such as XRP and Solana (SOL). Todd, who was shortlisted as one of the Satoshi Nakamoto candidates last year by HBO, said that such a move would be “an obvious scam” to favor centralized authorities holding these […]Cryptopolitan
Wed, Mar 5
Other
Germany pushes for longer-term easing of EU rules on defence spending
BRUSSELS, March 5 (Reuters) - Germany opened the door on Wednesday to changing EU fiscal rules -- the Stability and Growth Pact -- to help governments spend more on defence in the long term without worrying about EU-imposed spending limits or disciplinary action, diplomats said.The proposal, a compl...Reuters
Wed, Mar 5
Commodities
Mali suspends artisanal mine permits for foreigners after accidents
BAMAKO, March 5 (Reuters) - Mali is suspending the granting of new artisanal mining permits to foreigners, after a couple of accidents in recent weeks left dozens dead.The collapse on February 15 of an artisanal gold mine killed 43 people, mostly women, in the gold-rich Kayes region.On January 29, 1...Reuters
Wed, Mar 5
Commodities
CBOT corn ends higher in bounce from multi-month lows
CHICAGO, March 5 (Reuters) - Chicago Board of Trade corn futures closed higher on Wednesday, bouncing from multi-month lows set a day earlier, lifted by bargain buying and optimism that U.S. tariffs against Canada and Mexico may be reduced.CBOT May corn CK25 settled up 4-1/4 cents at $4.55-3/4 per b...Reuters
Wed, Mar 5
Cryptocurrencies
Top cops at US market regulators vow core enforcement to continue
MIAMI, March 5 (Reuters) - Top enforcement officials at the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on Wednesday said the agencies will continue to police for market misconduct, remarks that arrive as the Trump administration seeks to remake Washington an...Reuters
Wed, Mar 5
Stocks
Why Palantir Technologies Stock Rallied on Wednesday
Palantir Technologies (NASDAQ: PLTR) stock charged higher on Wednesday, climbing as much as 6.8%. As of 3:21 p.m. ET, the stock was still up 6%.The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was a little love from Wall Street.Where to invest $1,000...The Motley Fool
Wed, Mar 5
Stocks
EXCLUSIVE-Fraud prevention software firm Riskified explores sale, sources say
By David French and Milana VinnNEW YORK, March 5 (Reuters) - Riskified RSKD.N, a provider of software that helps prevent e-commerce fraud, is exploring options including a potential sale after receiving takeover interest, according to people familiar with the matter.New York-based Riskified, which t...Reuters
Wed, Mar 5
Other
Dollar Tree appoints former Tyson executive as CFO
March 5 (Reuters) - Dollar Tree DLTR.O on Wednesday named former Tyson Foods executive Stewart Glendinning as chief financial officer amid new CEO Michael Creedon's efforts to accelerate a revamp at the company struggling with weak demand and intense competition.Glendinning joined the company ea...Reuters
Wed, Mar 5
Cryptocurrencies
Bybit hackers moves stolen funds through crypto mixers and Wasabi Wallet
Blockchain analytics company Elliptic has revealed that the group behind the Bybit hack has started laundering funds. In an update to its February 23 report, the firm said the Lazarus Group, which is behind the hack, has started laundering funds with Bitcoin mixers. According to Elliptic, Lazarus is using Cryptomixer and Wasabi Wallet to launder […]Cryptopolitan
Wed, Mar 5
Stocks
Why Lumen Stock Is Gaining Today
Lumen (NYSE: LUMN) stock is climbing higher in Wednesday's trading, thanks to favorable demand indicators and momentum for the broader market. The telecommunications technologies company's share price was up 6.8% as of 2:45 p.m. ET. At the same point in time, the S&P 500 (SNPINDEX: ^GSPC) was up 1.1...The Motley Fool
Wed, Mar 5
Other
Pfizer convinces US Patent Office to cancel two Moderna COVID-19 vaccine patents
By Blake Brittain March 5 - Pfizer PFE.N and BioNTech 22UAy.DE won a round in their legal battle with Moderna MRNA.O over COVID-19 vaccine patents on Wednesday, convincing a U.S. Patent Office tribunal that two patents Moderna accused them of infringing were invalid.The Patent Trial and Appeal Bo...Reuters
Wed, Mar 5
Stocks
EMERGING MARKETS-Latam markets jump on hopes of US tariff relief after Trump floats exemptions
Trump exempts some autos from tariffs for one month Chile's at over four-month highLatam stocks set to snap eight session losing runLatam FX, stocks indexes jump over 2% eachBy Shashwat Chauhan and Purvi Agarwal March 5 (Reuters) - Latin American markets soared on Wednesday, with Mexico's...Reuters
Wed, Mar 5
Stocks
Natgas companies rise on Canada tariffs worries, record LNG flows
** Shares of U.S. natural gas companies rise, tracking natgas futures NGA/** U.S. natgas futures NGc1 up 2.2%, at $4.44 per million British thermal units (mmBtu), their highest close since December 2022 for a second consecutive day in a row** Natural gas prices rise on record flows to liquefied natu...Reuters
Wed, Mar 5
Economic Indicator
TREASURIES-US yields rise as investors gauge data, impact of tariffs
Yields rise amid mixed economic data, tariff concernsADP report shows lower-than-expected job growthISM nonmanufacturing PMI beats forecastBy Chuck Mikolajczak NEW YORK, March 5 (Reuters) - U.S. Treasury yields climbed on Wednesday, reversing earlier declines, as investors gauged a mixed bag of e...Reuters
Wed, Mar 5
Other
Netanyahu: Israel has 'expressed its position' to US on direct talks with Hamas
JERUSALEM, March 5 (Reuters) - Israel has conveyed its position to the United States on direct talks with Hamas, Prime Minister Benjamin Netanyahu's office said on Wednesday, without elaborating."Israel has expressed to the United States its position regarding direct talks with Hamas," N...Reuters
Wed, Mar 5
Other
EXCLUSIVE-Dealmaker Michael Grimes expected to lead new US sovereign wealth fund, sources say
Michael Grimes known for high-profile IPOs, advising Elon MuskGrimes led major tech IPOs at Morgan Stanley, including Meta, Uber and AirbnbUS fund to be financed with tariffs imposed on foreign countriesMost countries use budget surplus to finance sovereign wealth fundsUS fund creation requires cong...Reuters
Wed, Mar 5
