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BREAKINGVIEWS-Why US-China decoupling will be hard to reverse: podcast
By Una Galani HONG KONG, May 6 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast. Trade between the two economies is collapsing. In this episode of The Big View podcast, Christopher Beddor of Gavekal exp...Reuters
May 6, 2025
Other
New York asks judge to bar Trump from killing congestion pricing program
By David Shepardson May 5 (Reuters) - The city of New York and the Metropolitan Transportation Authority asked a U.S. judge late on Monday to block the Trump administration from killing Manhattan's congestion pricing program.Lawyers for the city's transportation department and the MTA sou...Reuters
May 6, 2025
Forex
China's yuan jumps to 1-1/2 month high on hopes of thaw in Sino-US trade war
SHANGHAI, May 6 (Reuters) - China's yuan leapt to a 1-1/2-month high against the dollar on Tuesday, the first trading session after the holiday, underpinned by investor hopes of a trade deal between the world's two largest economies. The offshore counterpart CNH=D3, which remained open durin...Reuters
May 6, 2025
Technical Analysis
Cardano Price Forecast: ADA builds bearish momentum amid on-chain weakness
Cardano (ADA) price hovers around $0.650 at the time of writing on Tuesday after falling nearly 6% over the last two days. On-chain data supports the bearish thesis, as funding rates are negative and network activity is falling.
Fxstreet
May 6, 2025
Commodities
Silver Price Forecast: XAG/USD breaks above $33.00 following Trump's new tariff threat
Silver price (XAG/USD) extends its gains for the second successive session, trading around $33.10 per troy ounce during the Asian hours on Tuesday. The prices of the precious metals, including Silver, rose as President Donald Trump's new tariff threat spurred demand for safe-haven assets.
Fxstreet
May 6, 2025
Other
New York asks judge to bar Trump from killing congestion pricing program
May 5 (Reuters) - The city of New York and the Metropolitan Transportation Authority asked a U.S. judge late on Monday to block the Trump administration from killing Manhattan's congestion pricing program.Lawyers for the city's transport department and the MTA sought an order to block Transp...Reuters
May 6, 2025
Cryptocurrencies
XRP Price Dips Further: Key Support Levels In Jeopardy
XRP price started a downside correction below the $2.20 zone. The price is now declining and might extend losses toward the $2.020 level. XRP price started a fresh decline below the $2.20 zone. The price is now trading below $2.180 and the 100-hourly Simple Moving Average. There is a key bearish tre...NewsBTC
May 6, 2025
Stocks
IBM Accelerates Enterprise Gen AI Revolution with Hybrid Capabilities
Build AI agents in 5 minutes with industry's most comprehensive set of agent capabilities Drive 176% ROI over three years by automating integration across hybrid cloud Turn enterprise data into the most powerful tool with new watsonx.data, which can lead to 40% more accurate AI agents...PR Newswire
May 6, 2025
Stocks
IBM Study: CEOs Double Down on AI While Navigating Enterprise Hurdles
CEO respondents say they expect the growth rate of AI investments will more than double over the next two years 50% of surveyed CEOs report that rapid investment has resulted in disconnected technology within their organization ARMONK, N.Y., May 6, 2025 /PRNewswire/ -- A new global study by...PR Newswire
May 6, 2025
Other
Conservative leader Merz set to become Germany's chancellor
Parliament expected to back Merz as chancellor in Tuesday voteMerz to lead coalition of conservatives and Social DemocratsTakes office amid global trade conflict, Ukraine peace talksMust revive economy to fend off far-right, say analysts By Sarah Marsh BERLIN, May 6 (Reuters) - Conservative Fried...Reuters
May 6, 2025
Commodities
RPT-COLUMN-Saudi Arabia can control oil supply. Demand could be its Achilles heel: Bousso
May 6 (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.)* Saudi-led OPEC+ to sharply increase output by June* Riyadh appears willing to enter price war * Signs that oil demand could be hit due to trade warsBy Ron BoussoLONDON, May 6 - Saudi Arabia has signal...Reuters
May 6, 2025
Stocks
Why Udemy Stock Crumbled by Almost 12% in April
Many American students enjoy a break from their studies during Spring Break in April. Investors, it seems, decided to take a hiatus from Udemy (NASDAQ: UDMY) then, too, as they traded out of the stock to leave it with an almost 12% loss in price over the month. Let's explore the reasons why, and whe...The Motley Fool
May 6, 2025
Economic Indicator
NZD/USD remains vulnerable near 0.5950 due to weak Chinese PMI data
NZD/USD is retreating around 0.5960 during Tuesday’s Asian session after two consecutive days of gains. The pullback follows a decline in the New Zealand Dollar (NZD), pressured by disappointing Chinese economic data.
Fxstreet
May 6, 2025
Economic Indicator
PRESS DIGEST-British Business - May 6
May 6 (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- British Home Office will limit work and study visa applications from nationalities like Pakistanis, Nigerians, and ...Reuters
May 6, 2025
Cryptocurrencies
On-Chain Data Shows Over 51,000 Bitcoin Withdrawn From Binance Since Mid-April
Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since then. At the time of writing, BTC is trading at approximately $94,305, reflecting a modes...NewsBTC
May 6, 2025
Commodities
REFILE-METALS-Copper rises on US-China dialogue hopes
SHANGHAI, May 6 (Reuters) - Copper prices edged higher on Tuesday as signs of U.S.-China trade talks boosted sentiment, though lingering concerns about the broader economic impact from trade disputes limited gains.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.7% to $9,431 a metr...Reuters
May 6, 2025
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