Minneapolis Fed President warns Middle East turmoil and rising energy prices may force sustained tightening to curb inflation. Minneapolis Fed President Neel Kashkari indicated the Federal Reserve could launch a series of rate hikes if inflation pressures persist due to Mi
Lyft aims to expand corporate travel perks through a potential deal with United Airlines, leveraging its recent acquisition of European chauffeur service TBR. Lyft is in discussions with United Airlines to offer corporate travel benefits to customers, a move supported by i
Micron’s stock jumps on strong HBM memory demand for AI data centers, with supply sold out through 2026 and profits rising sharply. Micron (MU) shares climbed 20.8% today, extending a 12-month gain of over 860% to $96, driven by surging demand for high-bandwidth memory (HB
Inclusion in widely tracked benchmarks may draw passive inflows despite SharpLink's 95% stock decline over the past year. SharpLink Gaming (SBET), a firm backed by Ethereum co-founder Joe Lubin, will join the Russell 2000 and Russell 3000 indexes on June 29. The move could
Asian nations face soaring energy costs and dwindling reserves after losing access to one-fifth of global crude supplies amid geopolitical tensions. Asian countries are accelerating efforts to secure alternative oil and gas suppliers after losing access to roughly 20% of g
Strong AI-driven demand and construction growth lifted Singapore’s Q1 GDP to 6.0%, yet the currency showed no reaction. Singapore’s first-quarter GDP growth was revised sharply higher to 6.0% year-on-year, driven by robust AI-related demand and strong construction and serv
The currency pair climbs 0.25% to 159.38 as buyers test resistance despite Japanese authorities' potential market intervention risks. The USD/JPY pair rose over 0.25% to 159.38, recovering ground as traders pushed past the 159.00 level despite lingering intervention fears.
Gold price drops 1.60% as USD strengthens The gold price has fallen below the $4,500 mark. This decline is attributed to the strengthening of the US Dollar. The USD has gained due to increased haven demand following recent geopolitical events.
XAU/USD drops over 1.6% as US military action in Iran spurs demand for the safe-haven US Dollar. Gold prices fell more than 1.6% to below $4,500 as the US Dollar strengthened following US strikes in southern Iran. XAU/USD reached a daily high of $4,580 before retreating am
The UK imposes sanctions on HTX for alleged support of Russia, escalating regulatory pressure on digital asset operators linked to the region. The UK has sanctioned HTX, a cryptocurrency exchange, for its alleged support of Russia amid ongoing geopolitical tensions. The mo
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