Traders reduce expectations for Federal Reserve rate cuts this year amid rising US inflation and stronger economic data. The US Dollar Index (DXY) remains steady around 98.50 in Asian trading, supported by waning bets on Federal Reserve rate cuts. Market sentiment shifted
CXApp aims for 80% gross margin range CXApp Inc. is targeting gross margin stabilization in the 80% range. The company outlined its plans during its Q1 2026 earnings call. CXApp is set to rollout CXAI 2.0 in June, as part of its efforts to build an AI-driven orch
Tokyo explores additional fiscal spending to mitigate rising energy costs for households amid elevated oil prices. The Japanese government is weighing a supplementary budget for fiscal year 2026 to alleviate pressure from higher oil prices on households. The move aims to c
Proposed supplementary spending aims to ease household energy burdens amid surging prices, sparking debt concerns. Japan’s government is weighing a supplementary budget to alleviate rising fuel costs for households ahead of summer, when demand peaks. The plan targets eleva
Technical analysis suggests Nikkei Futures may finish an impulsive wave sequence initiated at the March 30, 2026 low. Nikkei Futures (NKD) are approaching the end of an Elliott Wave cycle that began at the March 30, 2026 low. The pattern has unfolded as an impulse, with wa
The biotech firm reports first full-quarter sales of its new therapy, up sharply from $3.4 million in Q4. Precigen reported $21.6 million in net product revenue for PAPZIMEOS in Q1 2026, its first full quarter of commercial availability. The figure marks a significant incr
US and China discuss tariffs and trade US President Donald Trump and Chinese President Xi Jinping have begun a two-day summit in Beijing. The meeting is expected to cover various topics including tariffs, rare earths, and artificial intelligence. The last time a sit
Silver prices retreat from a six-day rally, trading at $87.30 ahead of high-stakes US-China trade discussions. Silver (XAG/USD) erased earlier gains and fell below $87.50 per troy ounce, settling near $87.30 during Asian trading on Thursday. The decline snapped a six-day w
Xi and Trump to meet soon A meeting between Xi and Trump is scheduled to take place. The meeting may yield news, but the timing of any announcements is uncertain. Japan's government is considering an extra budget, though Chief Cabinet Sec Kihara sees no immediate
Hotter-than-expected US inflation figures bolster the USD, pressuring the Australian Dollar to near 0.7250 in Asian trade. The AUD/USD pair declined to around 0.7250 during Thursday’s Asian session, driven by stronger-than-anticipated US inflation data. The figures reinfor