China’s new yuan loans likely dropped sharply in April from March due mainly to seasonal factors, a Reuters poll showed, even as the central bank keeps policy support for the economy.
The dollar weakened against most currencies on Monday after economic data showed more signs of softening in the U.S. labor market, while the pound rebounded from earlier lows after the Bank of England opened the door for an interest rate cut.
Oil prices held near a one-week high on Thursday as data from China and the U.S. that signalled demand in the world’s two biggest crude-consuming nations could climb offset weak current U.S. distillates and gasoline demand.
Bitcoin (BTC), the pioneer digital asset, is once again at the center of attention as renowned analyst Michaël van de Poppe issues a cautionary note. Van de Poppe, a prominent voice in the crypto sphere, recently took to X to express concerns about the current BTC price position, suggesting the potential for a significant downturn.
Apple (NASDAQ:AAPL) will deliver some of its upcoming artificial intelligence features this year through data centers powered by its own in-house chips, Bloomberg News reported on Thursday, as the iPhone maker looks to integrate generative AI in its products.
If worries about sterling were a factor preventing the Bank of England cutting interest rates too far ahead of the U.S. Federal Reserve, then Japan’s dollar-selling intervention may, weirdly, help keep its options open.
The dollar edged up on Wednesday, recouping some of the losses stemming from renewed bets on Federal Reserve rate cuts this year, while the yen weakened for a third day, keeping investors wary of the risk of intervention from Tokyo.
Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the U.S. and as the U.S. dollar strengthened, signalling that demand for oil is coming under pressure.
Bitcoin price fell on Wednesday, further reversing a rebound seen over the weekend as persistent concerns over more regulatory scrutiny against the crypto industry kept traders largely wary of buying in.
Emerson Electric Co. (NYSE: NYSE:EMR) reported a stronger-than-expected performance for its second quarter, with adjusted earnings per share (EPS) and revenue surpassing analyst projections. EMR shares were up 0.9% in premarket trading.
