India's central bank offloaded $12 billion in gold reserves to support foreign exchange reserves strained by rising crude prices and a weakening currency. India’s Reserve Bank of India likely sold $12 billion in gold over two weeks ending May 22 to stabilize foreign exchan
Analysts expect ChargePoint to post a loss of $1.01 per share on $95.85M revenue for Q1 2027. ChargePoint Holdings (CHPT) will release its Q1 2027 earnings on Wednesday, June 3, after the market closes. The company is projected to report a loss of $1.01 per share and reven
Canadian trade minister confirms progress in US talks but warns of prolonged negotiations over auto, steel, and lumber tariffs. Canada’s trade minister Dominic LeBlanc said bilateral trade discussions with the US have resumed after a period of stagnation, describing recent
UOB analysts expect the yuan to edge higher against the dollar, targeting 6.7500 after a softer tone in recent trading. The Chinese yuan showed mild upside potential against the dollar, with USD/CNH trading near 6.7652 on Monday, reflecting a softer underlying tone. Analys
Global central banks now hold more gold than U.S. Treasuries as reserve assets for the first time, driven by record purchases and price gains. Gold has surpassed U.S. Treasuries as the largest central bank reserve asset, following years of aggressive accumulation and a nea
Ethereum staking surges to an all-time high despite recent price declines and waning institutional demand. Ethereum’s staked supply reached a record 39.69 million ETH, signaling renewed investor interest in yield generation amid price weakness. The increase follows a decli
The strike on the Botswana-flagged M/T Lexie marks the latest escalation in the US naval blockade targeting Iranian oil shipments. US forces fired a Hellfire missile into the engine room of the Botswana-flagged tanker M/T Lexie on June 2, disabling the vessel as it headed
PetMed Express reports a deeper fiscal Q4 loss amid revenue decline and dismisses acquisition offers including a $4.25 per share proposal. PetMed Express (PETS) reported a wider fiscal fourth-quarter loss as revenue fell by double digits. The company attributed the decline
Oil climbs to one-week high after inventory draw Oil prices rose as inventory data showed a larger-than-expected draw. Brent settled at $96.00 and WTI at $93.76, one-week highs. The draw was driven by a decline in crude oil stocks, with expectations centered on a 3.
Nasdaq warns INVO Fertility it may be delisted after failing to submit required financial reports to the SEC on time. INVO Fertility (IVF) disclosed it received a non-compliance notice from Nasdaq for delayed SEC filings. The company failed to submit required financial rep
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