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Bloomberg, the financial data service used by traders around the world, was hit by an outage on Wednesday, briefly disrupting auctions of UK and EU bonds. The Bloomberg terminal is the crown jewel of the media empire founded by US billionaire Michael Bloomberg in 1981 and counts some 350,000 users worldwide. The service, which costs…
Online brokerage platform Zerodha’s Chief Executive Officer (CEO), Nithin Kamath, in a social media post, spoke about the discussions over rising retail investors from India’s Tier 2 and Tier 3 cities may be a “little misleading.” “There’s a lot of talk about a huge influx of traders from Tier 2 and 3 towns. This data…
Wall Street markets in the week ahead will be guided by plenty of earnings reports, including Home Depot, Palo Alto Networks, Medtronic, Snowflake, Intuit and Workday. On the economic data front, investors will witness new and existing home sales numbers, S&P flash US services and manufacturing PMIs for May. US Federal Reserve Chair Jerome Powell’s…
(Bloomberg) — Sequoia Capital Managing Partner Roelof Botha was among the Coinbase Global Inc. customers whose personal information was stolen as part of a hack against the largest US crypto exchange, a person familiar with the situation said, signaling that high-profile executives were among the targets of the breach. Personal information about Botha, including his…
NEW YORK -The dollar strengthened on Friday after the latest round of economic data showed a rebound in import prices while consumer sentiment remained subdued as tariff worries jumped, putting it on pace for a fourth straight weekly advance. The Labor Department said import prices gained 0.1% last month after dropping 0.4% in March as…
US stocks declined on Thursday following mixed economic data and as UnitedHealth Group slumped on a report of a US criminal inquiry against it. Data showed US retail sales were near-flat in April, while wholesale inflation Producer Price Index (PPI) unexpectedly dropped last month. The PPI dropped 0.5% in April as the cost of services…
NEW YORK (Reuters) – The dollar retreated on Tuesday, giving back some of its sharp gains a day earlier after an inflation reading came in below market expectations. The Labor Department said the consumer price index increased 0.2% last month, below expectations of economists polled by Reuters for a 0.3% gain, after dipping 0.1% in…
US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 10:48 AM EDT, the Dow Jones Industrial Average fell 0.36%, the S&P 500 gained 0.66%, and the Nasdaq Composite rose 1.30%. At 09:38 a.m.,…
China’s expanding geopolitical ownership shows that the Asian nation owns a significant stake in Pakistan and Bangladesh’s stock exchanges by acquisition through the consortium method, official filings data show. In 2017, China acquired a 40 per cent stake in the Pakistan Stock Exchange (PSE), though a consortium of companies like the Shanghai Stock Exchange (SSE),…
(The opinions expressed here are those of the author, a market analyst for Reuters.) NAPERVILLE, Illinois, May 11 (Reuters) – When it comes to Chicago corn futures, speculators typically hold on to heavily bullish corn bets for an extended period. Ditching them after just a few months is unusual. But investors might be bearish heading…