April 29, 2025
IBM to invest $150 billion in US over next five years to aid quantum push
IBM will invest $150 billion in the U.S., including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration’s push for local manufacturing.
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April 29, 2025
Dollar falls broadly ahead of US data, tariff uncertainty
The U.S. dollar slid across the board, as investors waited warily for further news of U.S. trade policy and braced for a week packed with economic data, which may initially provide an indication on whether U.S. President Donald Trump’s trade war is hitting home.
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April 29, 2025
Brent crude oil prices drop on demand fears
Brent crude oil prices fell as economic worries from the U.S.-China trade war were pressuring demand. The U.S.-China trade war is dominating investor sentiment in moving oil prices, superseding nuclear talks between the U.S. and Iran and discord within the OPEC+ coalition. The Oil-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI is giving […]
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April 28, 2025
China’s industrial profits rise 0.8% in Q1
Profits at China’s industrial firms grew 0.8% in the first quarter from the same period last year, reversing a 0.3% decline in the first two months. In March, total profits of industrial companies rose 2.6%, according to National Bureau of Statistics.
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April 28, 2025
Big tech earnings, US jobs data highlight busy week
A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time.
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April 28, 2025
Bitcoin ETFs on $3B ‘bender,’ log first full week of inflows in 5 weeks
Spot Bitcoin ETFs in the US saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks. On Friday, the 11 spot Bitcoin ETFs saw $380 million in inflows. The last session saw the Bitcoin fall 0.3% against the Dollar. The Stochastic-RSI is giving a positive signal.Support: […]
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