Forex

Oil Jumps Nearly 4% as US and Iran Exchange Fresh Strikes

Crude climbed nearly 4% and the Dow fell on Monday after the US and Iran exchanged attacks for the first time since July.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Oil Jumps Nearly 4% as US and Iran Exchange Fresh Strikes

Crude climbed nearly 4% and the Dow fell on Monday after the US and Iran exchanged attacks for the first time since July.

Yen Hovers Near 160 as Oil Surge Pressures Asian Currencies

The yen hovered near 160 per dollar on Monday as an oil rally pushed investors toward safety, with Goldman saying carry trades will keep thriving.

Dollar Climbs, 2-Year Yields Rise After Warsh Signals Higher Rates

The dollar climbed and 2-year Treasury yields rose after Fed Chair Kevin Warsh's Friday speech emphasized delivering stable prices, lifting rate-hike bets.

Yen Weakens Again After Intervention Fades, But Japan Retains $1 Trillion Firepower

The yen is sliding again weeks after intervention faded, but Japan's roughly $1 trillion in reserves leaves room for further yen-buying, Goldman Sachs says

Gold Hits Two-Month High as Tamer Inflation Shifts Fed Rate Bets

Gold surged to a two-month high as tamer inflation data reshaped Federal Reserve rate expectations, drawing investors back into the rally.

Washington Funded Yen Intervention by Selling Euros to Shield Treasury Market, Reports Reveal

New reporting reveals Washington sold euros rather than Treasurys to fund its yen intervention, shielding the sensitive U.S. bond market as the yen holds g

US Joins Japan in Rare Yen Intervention to Curb Volatility and Steady Asian Markets

The US bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets, Treasury Secretary Scott Bessent said, in a rare joint mov

US and Japan Coordinate on Yen Support as Currency Weakness Raises Global Concerns

The US and Japan are moving toward rare coordinated action to prop up the weakening yen, with Washington leaning on the Federal Reserve to limit global spi

US Joins Japan in Rare Currency Intervention to Prop Up the Faltering Yen

The US has joined Japan in a rare coordinated currency intervention to support the faltering yen, with analysts questioning the reported use of euros.

Yen Hits Three-Month High After Rare Joint US-Japan Currency Intervention

The yen strengthened to ¥155 against the dollar after Washington and Tokyo confirmed a rare joint currency intervention, though analysts question its stayi

Oil Prices Slide as US-Iran Talks Fuel Hopes of Lasting De-escalation

Crude prices fell as Trump touted 'friendly talks' with Iran and Netanyahu arrived in Washington, raising hopes of ending the five-month conflict.

China Bolsters Digital Yuan Reach: 12 New Banks Join E-CNY Network

China expands its digital yuan program by adding 12 new banks, increasing the total number of authorized operators to 22. The move aims to boost adoption and accessibility of the e-CNY.

Japan Weighs Bold Oil Market Move to Rescue the Yen

Japan is considering a novel move to support its weakening yen: intervening in crude oil futures markets. Experts have raised questions about the feasibility, risks, and potential efficacy of this bold economic strategy.

SNB Holds Rates Steady, Signals Increased FX Intervention Amid Geopolitical Tensions

The Swiss National Bank will maintain zero interest rates through 2026, increasing its readiness for foreign exchange interventions to manage the strengthening Swiss franc amid geopolitical tensions.

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