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
Recent agreements between Beijing and Moscow offer limited relief as Western sanctions tighten Russia’s energy revenue dependence on China. A summit between Chinese President Xi Jinping and Russian President Vladimir Putin concluded on 20 May with new economic and trade de
API data shows a larger-than-expected decline in crude inventories, though gasoline stocks rise unexpectedly for the week. US crude oil inventories fell by 6.75 million barrels in the week ending May 29, exceeding analysts' forecast of a 3.6 million barrel draw. The declin
GME shares surge after reporting 14% revenue growth and its strongest first-quarter operating income ever. GameStop reported a 14% increase in revenue for the first quarter, alongside its highest net income and operating income for the period in company history. The result