News Archives

Nvidia delivers a strong revenue outlook on demand for chips

Leave a Comment / Technology / By Sabrina Moody

On Wednesday, Nvidia reported 4Q earnings beating analyst expectations. The company provided a strong outlook for the current quarter. The stock dropped about 2.1% in extended trading. Here’s how the company did versus Refinitiv consensus expectations for the previous quarter: EPS: $1.33, adjusted, versus $1.23 expected, up 69% year-over-year. Revenue: $7.65 billion, versus $7.43 billion expected, up …

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The dollar is down as the U.S. denies Russian Ukraine claims

Leave a Comment / Forex / By Sabrina Moody

The U.S. Dollar Index dragged down 0.07% to 95.766 by 9:56 PM ET. The USD/JPY pair went up 0.92% to 115.48. The AUD/USD pair stood up 0.25% to 0.7208, and the NZD/USD pair was up 0.35% to 0.6700. The USD/CNY pair inched down 0.08% to 6.3328, while the GBP/USD pair inched up 0.07% to 1.3591. …

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Mainland Chinese Stocks Rose on February 16

Leave a Comment / Stock Markets / By Bob Fetti

Stocks in Asia-Pacific strengthened their positions on Wednesday, as tensions appeared to ease between the Russian Federation and Ukraine. In the meantime, investors reacted to weaker-than-expected Chinese inflation data. In Japan, the Nikkei 225 added 2.22% to end its trading day at 27,460.40, leading gains among the region’s major markets. The Topix index advanced 1.67% …

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China To Increase The Use Of Local Currencies In Commerce

Leave a Comment / Economy / By John Marley

China’s central bank governor, Yi Gang, said on Wednesday that as part of initiatives to build regional economic resilience, China will cooperate with Asian nations to increase the use of local currencies in trade and investment. Emerging Asian nations’ progress in utilizing local currencies in trade and investment in recent years has reinforced the region’s …

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Gold Dropped 0.11% to $1,854.25

1 Comment / Commodities / By Bob Fetti

The price of gold fell on Wednesday morning in Asia. In the previous session, gold reached its highest point in eight months. Easing fears of a Russian invasion of Ukraine negated the support to the gold from weaker bond yields. Gold futures declined 0.11% to $1,854,25 by 12:22 AM ET (5:22 AM GMT). As stated …

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The Russian Rouble Is Strengthening Against The Dollar

The Rouble Rose As Russia stated Troops Return To Their Post

Leave a Comment / Forex / By John Marley

On Tuesday, the rouble gained more than 2% against the dollar after Russia announced some troops near Ukraine were returning to their barracks following military drills, alleviating fears of an invasion that had fueled a sell-off of Russian assets last week. After days of threats from the United States and the United Kingdom that …

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China’s tech giants push toward a metaverse opportunity

Leave a Comment / Technology / By Sabrina Moody

China’s tech giants have an interest in the metaverse. The world’s most valuable companies are racing to build the next great platform for digital entertainment and communication. But their plans will come with a heavy government regulation — and the prospect of much higher taxes if they choose to list on American soil. China’s tech …

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Forex-Euro maintains gains; Tensions in Ukraine continues

Leave a Comment / Forex / By Sabrina Moody

Tensions in Ukraine continue affecting currencies. The safe-haven yen softened slightly and was last at 115.66 per dollar. It touched 114.98 on Monday when tensions were more elevated. Overall, the dollar index lost ground on Tuesday and was at 96.009. However, analysts stated the dollar was unlikely to drop too far. The greenback fell overnight …

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Russia’s Decision Influenced Oil Prices

Leave a Comment / Commodities / By Bob Fetti

Oil fell more than 3% from a seven-year high on Tuesday. Oil prices declined after the Russian Federation said some of its military units were returning to their bases after exercises with Ukraine, a move that appeared to de-escalate tension between Russia and the West. Nevertheless, it was not clear how many units were being …

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Ukraine Tensions, and The Fed’s Rate Debate Drag Euro Down

Leave a Comment / Forex / By John Marley

On Tuesday morning, the dollar was down in Asia as geopolitical worries over Ukraine weighed on the euro. However, the disagreement over how aggressively the US should raise interest rates limited the dollar’s losses. The US Dollar Index measures the greenback against a basket of other currencies. By 12:29 a.m. ET it dropped down 0.15 …

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Asia's vulnerabilities have resulted in the yuan's volatility

Asia’s Vulnerabilities Result in The Yuan’s Volatility

Leave a Comment / Economy / By John Marley

The Chinese yuan’s retreat from a near four-year high has heightened market fears that a recent era of stability is coming to an end; it potentially exposed regional peers, particularly if US interest rates begin to climb. A stable yuan, together with strong exports and currency reserves, has enabled Asia’s emerging countries to avoid the …

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Stock Futures Rose As Investors Monitored Tensions

Leave a Comment / Stock Markets / By Bob Fetti

Tensions between Russia and Ukraine remain a significant challenge for investors. U.S. stock futures strengthened their positions on Monday night, as investors monitored simmering tensions between the countries while weighing the potential impact of tighter monetary policy from the Federal Reserve. Futures tied to the Dow Jones Industrial Average gained 34 points or 0.1%. Additionally, …

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Bored Apes and the battle for the future of the Internet

Leave a Comment / Technology / By Sabrina Moody

The tension around Bored Apes and the community started a week ago. On Friday, BuzzFeed’s Katie Notopoulos posted a story that kicked an online war. The reason was straightforward: In the story, Katie revealed the names of the main founders of the Bored Ape Yacht Club NFT collection. Those two men were named Greg Solano …

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Dollar gains as Ukraine worries grow, Bullard comments

Leave a Comment / Forex / By Sabrina Moody

The U.S. dollar rose on increasing concerns about Russia-Ukraine tensions. James Bullard, St. Louis Federal Reserve President, repeated calls for faster U.S. Fed interest rate hikes. On Monday, the U.S. dollar index gained a two-week high and jumped further in afternoon trading. It happened after Ukraine President Volodymyr Zelenskiy encouraged Ukrainians to sing the national …

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Stocks Declined Due to Tensions and Covid-19

1 Comment / Stock Markets / By Bob Fetti

It was not an easy day for stocks in Asia-Pacific as investors monitored developments from the Covid situation in Hong Kong to tensions between Russia and Ukraine. In Japan, the Nikkei 225 fell 2.23% to end its trading day at 27,079.59, with shares of conglomerate SoftBank Group falling nearly 4%. On Monday, the Topix Index …

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News

Nvidia delivers a strong revenue outlook on demand for chips

The dollar is down as the U.S. denies Russian Ukraine claims

Mainland Chinese Stocks Rose on February 16

China To Increase The Use Of Local Currencies In Commerce

Gold Dropped 0.11% to $1,854.25

The Rouble Rose As Russia stated Troops Return To Their Post

China’s tech giants push toward a metaverse opportunity

Forex-Euro maintains gains; Tensions in Ukraine continues

Russia’s Decision Influenced Oil Prices

Ukraine Tensions, and The Fed’s Rate Debate Drag Euro Down

Asia’s Vulnerabilities Result in The Yuan’s Volatility

Stock Futures Rose As Investors Monitored Tensions

Bored Apes and the battle for the future of the Internet

Dollar gains as Ukraine worries grow, Bullard comments

Stocks Declined Due to Tensions and Covid-19

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