News
Dow, S&P 500 scale peaks as HPE, Alphabet fuel AI momentum
1+ hour, 53+ min ago (632+ words) June 2 (Reuters) - The Dow and the S&P 500 scaled fresh record highs on Tuesday as strong results from Hewlett "Packard Enterprise and a funding commitment from Alphabet reinforced confidence in the AI buildout. HPE (HPE. N), surged about 26%, on track for…...
Bitcoin breakdown spurs market rotation: ETH resilience and Altcoin divergence
3+ hour, 58+ min ago (971+ words) . embed-container { position: relative; padding-bottom: 56. 25%; height: 0; overflow: hidden; max-width: 100%; }. embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Bitcoin's Technical Breakdown Bitcoin extended its decline on Monday with a 3% drop and is down another 1. 5% today. On'balance volume (OBV)…...
Global stocks hold near highs as AI boom outweighs Middle East tensions | Kitco News
1+ day, 5+ hour ago (782+ words) SYDNEY/LONDON, June 1 (Reuters) - Global stocks held steady near record highs on "Monday as the AI boom continued to drive demand, offsetting news of fresh attacks in the Gulf that challenged optimism about a reopening of the Strait "of Hormuz…...
Rising exports lower US goods trade deficit in April
4+ day, 2+ hour ago (487+ words) WASHINGTON, May 29 (Reuters) - The U. S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was "unlikely to be sustainable, with businesses ramping up investment in artificial intelligence....
Bitcoin tests critical support as market-wide weakness intensifies
4+ day, 3+ hour ago (280+ words) Bitcoin Price Action and Technical Indicators Ethereum and Dominance Metrics Traditional Finance and Macro Overview In FX markets, the DXY stays bullish above its daily TBO Cloud, albeit with RSI forming lower highs and lows. EUR/USD approached'but did not…...
Fed policymakers eye rate hike scenarios as AI debate deepens | Kitco News
4+ day, 21+ hour ago (560+ words) May 28 (Reuters) - A growing number of U. S. central bankers say there may be a case for raising interest rates if inflation does not ease soon, "even as they express skepticism over the power of AI to help that process along. His…...
Crypto companies without EU licences face prosecution, French regulator warns
5+ day, 2+ hour ago (313+ words) PARIS, May 28 (Reuters) - France's top markets regulator warned crypto companies they could be blacklisted and sued if they do "not get an EU licence to operate by end of June, "as the bloc fully rolls out tighter regulation of crypto....
Fed's Musalem says it's risky to bet that AI will ease inflation
5+ day, 3+ hour ago (262+ words) May 28 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling "a surge in productivity, arguing it would be a mistake for "the U. S. central bank…...
Bitcoin's bearish descent deepens as oversold signals mount
5+ day, 7+ hour ago (1274+ words) . embed-container { position: relative; padding-bottom: 56. 25%; height: 0; overflow: hidden; max-width: 100%; }. embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Bitcoin Technical Outlook Bitcoin remains in a pronounced bearish trend as daily price action extends lower. The RSI is now…...
Bitcoin eyes resistance after TBO close long confirmation
5+ day, 16+ hour ago (1112+ words) . embed-container { position: relative; padding-bottom: 56. 25%; height: 0; overflow: hidden; max-width: 100%; }. embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Bitcoin Technical Outlook Bitcoin recently confirmed a TBO Close Long signal on Tuesday's daily candle, despite closing down 1. 8%, suggesting a…...