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Central Banks Eye Gold, Euro and Yuan as Dollar Dominance Wanes
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows.
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Wall Street Nears Its Record in a Worldwide Rally
Oil prices are dropping further, and U.S. stocks are pulling closer to their all-time high Tuesday on hopes that Israel's war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning.
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Oil Prices Drop Further, Global Stocks Rally on Ceasefire
Oil prices are dropping further, and stocks are rallying worldwide Tuesday on hopes that Israel's war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning.
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Highway Safety Contacts Tesla About Robotaxi Issues
The U.S. National Highway Traffic Safety Administration is seeking information from Tesla after seeing online videos of alleged issues on robotaxi after its debut, Bloomberg News reports.
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Dow Gains 375 on Rate Cut Hopes, Oil Tumbling
Wall Street rallied Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset fears that Iran would disrupt crude transport in the Middle East.
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Oil Falls 7% as Iran Retaliates on US Military Base
Oil prices tumbled $5.33 a barrel, or 7%, Monday after Iran attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities at the weekend, but took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.
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Dow Jumps as Oil Drops After Iran Counterattack
Wall Street's main indexes rose Monday after oil prices fell 4% to $74.09, following a restrained response by Iran to U.S. attacks on its nuclear facilities over the weekend.
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Rational Investing & Risk After US Strikes Iran
Over the weekend, the U.S. launched strikes against Iran's nuclear facilities. Currently, I only have the details reported by major mainstream outlets. However, given that stock market futures are trading sharply lower on Sunday, I wanted to get something in print before...
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Gold and War: A New Pattern?
Gold and geopolitical turmoil in the Middle East have a long, intertwined history. Every time the region erupts in conflict, investors turn to gold, and prices rise.
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Gold Rises as Iran-Israel Tensions Offset Dollar Strength
Gold prices nudged higher Monday, as escalating Iran-Israel tensions outweighed pressure from a stronger dollar, with markets closely watching Iran's next move.
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Tesla Soars 10% as 1st Robotaxi Hits the Road in Austin
Tesla shares (TSLA) jumped 10% Monday, lifted by the long-awaited launch of the company's robotaxi service that CEO Elon Musk has for years championed as a key driver of the electric vehicle maker's lofty valuation.
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Trump Media Approves $400M Stock Buyback
Trump Media & Technology Group, parent company of Truth Social and the fintech platform Truth.Fi, said Monday its board has approved a stock buyback of up to $400 million.
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Investors Brace for Oil Price Spike, Rush to Havens
A U.S. attack on Iranian nuclear sites Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the...
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Wall Street Ticks Down, Awaiting More Mideast News
The S&P 500 and Nasdaq ended lower Friday, with investors on edge over the Iran-Israel conflict heading into the weekend, as the U.S. considers whether to get involved.
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Apple Sued by Shareholders for AI Disclosures
Apple was sued by shareholders in a proposed class action Friday, accusing it of downplaying the time needed to integrate advanced artificial intelligence-based features into its Siri assistant, hurting iPhone sales and its stock price.
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IPO Activity Slumps in 2025 as Tariffs, Volatility Weigh
Global equity IPOs have plunged this year, weighed down by heightened business uncertainty from U.S. tariffs, elevated market volatility and higher interest rates that have raised funding costs and made listings less appealing for issuers.
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Stocks Drift up After Trump Gives Hope on Iran
U.S. stocks are drifting higher Friday in their return to trading following the Juneteenth holiday.
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Kroger Lifts Sales Target on Robust Groceries Demand
Kroger raised its annual identical sales forecast Friday, betting on robust demand for groceries at its stores even as consumers deal with still-high inflation.
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Global Equity Funds Log Biggest Outflows in 3 Months
Global equity funds recorded net outflows of $19.82 billion for the week ended June 18, the largest in three months, as escalating Middle East tensions and lingering uncertainty over U.S. trade policies dampened investor sentiment.
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Nippon Steel CEO Plays Down Risk to Management Freedom
The U.S. government's ownership of a golden share in U.S. Steel will not block Nippon Steel from taking any management action that it deems appropriate, said the Japanese steelmaker's CEO.
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Intel Hires Engineers as Part of CEO Tan's Overhaul
Intel hired three chip industry executives in engineering and networking roles Wednesday, as part of CEO Lip-Bu Tan's plans to overhaul top management and turn around the embattled chipmaker.
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PwC: Private Equity Sits on $1T Amid Uncertainties
Private equity firms are holding about $1 trillion in unsold assets, PricewaterhouseCoopers (PwC) said Wednesday - capital that, in a typical market environment, would have been returned to investors.
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Investors Expect Rapid Stock Plunge if US Attacks Iran
Financial markets may be in for a "knee-jerk" selloff if the U.S. military attacks Iran, with economists warning that a dramatic rise in oil prices could damage a global economy already strained by President Donald Trump's tariffs.
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Wall Street Ends Flat After Powell's Inflation Remarks
The S&P 500 ended flat Wednesday after a volatile session in which the U.S. central bank left interest rates unchanged as expected, and Federal Reserve Chair Jerome Powell said monetary policy still needs to impose some restraint on the economy.
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US Crypto Stocks Soar as Senate Clears Path for Stablecoin Regulation
Top crypto stocks on Wall Street surged Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner of the crypto sector.