News
Important Only
Bank of England raises prospect of pause in rate cuts as uncertainty mounts
LONDON, March 20 (Reuters) - The Bank of England kept interest rates on hold and warned investors against assuming they would be cut quickly as it grappled with deep uncertainty hanging over the British and world economies.Reuters
Fri, Mar 21
Trump trade upheaval leaves foreign central banks guessing
WASHINGTON/LONDON, March 20 (Reuters) - Slowing economic growth mixed with a bout of renewed inflation risks moving the U.S. from global overachiever to a drag on the rest of the world as foreign central banks and others confront the spillovers from President Donald Trump's fast-moving effort to rewReuters
Fri, Mar 21
JGB yields edge up as strong inflation data raises BOJ's rate hike bets
TOKYO, March 21 (Reuters) - Japanese government bond (JGB) yields edged up on Friday, as stronger-than-expected domestic inflation data raised bets for the Bank of Japan's interest rate hikes.The 10-year JGB yield JP10YTN=JBTC rose 0.5 basis point (bp) to 1.520% and the five-year yield JP5YTN...
Reuters
Fri, Mar 21
FedEx cuts full-year results forecast on 'uncertainty' in economy, bad weather
March 20 (Reuters) - FedEx Corp FDX.N lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading partners.
Reuters
Fri, Mar 21
Elon Musk issued summons in SEC case over Twitter stake disclosure
March 20 (Reuters) - Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with the Securities and Exchange Commission's lawsuit against him, a court filing on Thursday showed.A process server gave the civil summons and other ...Reuters
Fri, Mar 21
PRECIOUS-Gold unchanged near record high as global uncertainties raise demand
March 21 (Reuters) - Gold held steady on Friday to trade below its record high hit in the previous session, supported by safe-haven demand arising from geopolitical and economic uncertainty, while the Federal Reserve's hint at rate cuts this year also fostered appeal.FUNDAMENTALS* Spot gold XAU=...
Reuters
Fri, Mar 21
Japan's core inflation hits 3% in February, keeps alive BOJ rate-hike bets
TOKYO, March 21 (Reuters) - Japan's core inflation hit 3.0% in February and an index stripping away the effect of fuel rose at the fastest pace in nearly a year, a sign of broadening price pressure that reinforces market expectations of further interest rate hikes.Reuters
Fri, Mar 21
Nike forecasts fourth-quarter revenue below estimates, shares drop
March 20 (Reuters) - Nike NKE.N on Thursday forecast a steeper drop in fourth-quarter revenue than analysts had expected, striking a cautious tone as it works to rekindle interest among consumers who have defected to trendier rivals.
Reuters
Fri, Mar 21
Apple shakes up AI leadership as Tim Cook loses confidence in Siri chief
Apple Inc. is experiencing an uncharacteristic upheaval in its ranks of executives as the company tries to get back up to speed on artificial intelligence (AI) development after months of delay and missteps.
Cryptopolitan
Fri, Mar 21
Oil prices settle $1 higher after US issues new Iran-related sanctions
Brent, US crude futures rise more than $1 a barrelUS issues new Iran-related sanctions OPEC+ issues new schedule to seven members to cut oil outputUS dollar strength puts lid on oil gains By Georgina McCartney HOUSTON, March 20 (Reuters) - Oil prices rose on Thursday after the United States issue...Reuters
Thu, Mar 20
Traders trim UK rate cut bets as Bank of England flies blind on tariffs
Traders trim expectations of further rate cutsBoE vote split, statement seen as slightly hawkishShort-dated gilt yields riseBy Harry Robertson and Naomi Rovnick LONDON, March 20 (Reuters) - UK markets dialled down wagers on further Bank of England rate cuts on Thursday after the central bank held...Reuters
Thu, Mar 20
CORRECTED-PREVIEW-Nike to post worst revenue fall in 5 years on stagnant demand
By Nicholas P. Brown and Ananya Mariam Rajesh March 19 (Reuters) - Nike NKE.N is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sport...Reuters
Thu, Mar 20
Nvidia-backed CoreWeave targets up to $32 billion valuation in test for AI IPOs
IPO market hopes for AI-driven revival CoreWeave aims to raise as much as $2.7 billion Debut to test investor appetite for companies riding AI waveBy Manya Saini and Niket Nishant March 20 (Reuters) - CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. in...Reuters
Thu, Mar 20
US STOCKS-Wall St set to open lower as Fed boost proves short-lived
March 20 (Reuters) - U.S. stock indexes were set to open lower on Thursday, as worries about the fallout of U.S. tariff policies crept back into markets a day after the Federal Reserve stuck to its monetary easing plans for the year but warned of an uncertain economic backdrop.Reuters
Thu, Mar 20
PRECIOUS-Gold eases from record high as investors book profits
Gold hits record high of $3,057.21/ozTraders book profits, analyst says Weakness below $3,030 may trigger further decline, analyst saysBy Rahul Paswan and Sarah Qureshi March 20 (Reuters) - Gold prices retreated from a new record high on Thursday as investors booked profits after the latest leg o...Reuters
Thu, Mar 20
NatWest seals milestone UK banking collaboration with OpenAI
LONDON, March 20 (Reuters) - NatWest NWG.L and OpenAI have joined forces to enhance the lender's digital assistants and customer support processes using artificial intelligence, in the first collaboration of its kind with a UK-headquartered bank.Reuters
Thu, Mar 20
US Dollar stronger on Fed keeping its projections for 2025
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rallies towards 104.00 on Thursday after the Federal Reserve (Fed) kept borrowing costs unchanged and projected two interest rate cuts for 2025. During Wednesday’s Fed meeting, Chairman...Fxstreet
Thu, Mar 20
SoftBank Acquires Ampere Computing to Solidify AI Strategy
TradingKey - SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a startup focused on designing server chips based on Arm architecture, for $6.5 billion. The Japanese conglomerate anticipates that the transaction will be completed in the second half of 2025.
TradingKey
Thu, Mar 20