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Forex News
DOJ Charges Former Apple Employee With Stealing Autonomous Car Tech
The U.S. Department of Justice has charged a former Apple software engineer with stealing the tech major's autonomous technology for an unnamed Chinese self-driving car company. Weibao Wang, who worked at Apple from 2016 to 2018, was charged with six counts of theft or attempted theft by prosecutors. He is found to have stolen the entire Project source code on Apple's autonomous technology,...
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788 days ago
U.S. Debt Ceiling Deadlock Boosts Dollar
The U.S. dollar was higher against its major counterparts in the European session on Wednesday, as a deadlock over raising the government's borrowing limit lifted the demand of the safe-haven currency.
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788 days ago
U.S. Housing Starts Unexpectedly Rebound In April
New residential construction in the U.S. unexpectedly saw a significant rebound in the month of April, according to a report released by the Commerce Department on Wednesday.
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788 days ago
Eurozone Inflation Accelerates As Expected
Eurozone inflation rose as estimated in April on higher food and energy prices, while core inflation slowed slightly, final data from Eurostat showed Wednesday. The harmonized index of consumer prices posted an annual growth of 7.0 percent in April, following a 6.9 percent rise in March. The rate was in line with the preliminary estimate released on May 2.
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788 days ago
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note on Wednesday, tracking somewhat subdued European stocks and mixed commodities prices.
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788 days ago
TJX Companies Boosts FY24 Earnings Outlook - Update
While reporting financial results for the first quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings outlook for the second quarter, while raising its earnings guidance for the full-year 2024.
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788 days ago
Target Maintains FY23 Outlook - Update
While reporting financial results for the first quarter on Wednesday, discount retailer Target Corp. (TGT) maintained its earnings, adjusted earnings and comparable sales guidance for the full-year 2023. The company also provided outlook for the second quarter.
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788 days ago
more news
Sensex Tumbles 372 Points; Nifty Ends Below 18,200
Indian shares fell sharply on Wednesday as the U.S. debt ceiling impasse continued and hawkish comments from Federal Reserve officials bolstered the chance of a 25-bps rate hike at the June FOMC meeting.
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788 days ago
European Shares Mixed With Inflation Data, US Debt Ceiling Talks In Focus
European stocks were mixed on Wednesday amid worries over the U.S. debt ceiling and the potential for a catastrophic debt default.
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788 days ago
FTSE 100 Struggles For Direction On US Debt Ceiling Worries
U.K. stocks were little changed on Wednesday after U.S. Treasury Secretary Janet Yellen warned that the U.S. could default on its obligations in early June if Congress doesn't act.
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788 days ago
Canadian Dollar Drops Amid Weaker Oil Prices, Debt Ceiling Worries
The Canadian dollar slipped against its most major counterparts in the European session on Wednesday, as oil prices fell and uncertainty about U.S. debt ceiling negotiations dampened risk sentiment.
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788 days ago
Pound Drops As European Shares Traded Lower On U.S. Debt Ceiling Worries
The British pound came under pressure against other major currencies in the European session on Wednesday, as investors parse the latest Fed officials' comments and await news on the U.S. debt ceiling negotiations.
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788 days ago
French Stocks Little Changed As Eurozone Inflation Ticks Up
French stocks were little changed on Wednesday, with Eurozone inflation data and the U.S. debt ceiling talks in focus.
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788 days ago
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