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  • Feb 24, 2025

Oil prices fall 2% to two-month low on worries about US tariffs

Oil prices fell more than 2% to a two-month low on Tuesday on negative economic news from the U.S. and Germany, driven in part by worries about U.S. President Donald Trump's push for trade tariffs. Brent futures fell $1.61, or 2.25%, to $73.17 a barrel by 10:34 a.m. EST (1534 GMT), while U.S. West Texas Intermediate (WTI) crude fell $1.60, or 2.3%, to $69.10. Analysts said Trump's trade policies have raised concern at the U.S. Federal Reserve that higher import tariffs could boost inflation.

  • Feb 24, 2025

China’s Repo Market Hit Hard as Yuan Defense Sparks Cash Squeeze

(Bloomberg) -- China’s strategy of defending its currency by choking local liquidity is sending ripples throughout the financial system, squeezing banks and fueling losses at bond funds.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesAs Visitors Discover Ghent, the City Is Trying to

  • Feb 24, 2025

Stocks rise; US limits on China tech curb enthusiasm

Global shares traded cautiously higher on Tuesday in light of growing evidence of a softening in the U.S. economy ahead of earnings from Nvidia, while the euro eased below the one-month highs that followed Germany's weekend election. Investors were rattled early on by an order from U.S. President Donald Trump to limit Chinese investments in strategic areas such as chips, AI and aerospace. Having pushed stocks on both sides of the Atlantic to record highs this month, investors are getting uneasy and Wednesday's results from Nvidia, which has come to characterise the boom in artificial intelligence investment, could prove instrumental in setting the mood for the remainder of the quarter.

  • Feb 24, 2025

Taiwan economy ministry has received no information about any TSMC investment in Intel, US

Taiwan's economy minister said on Tuesday his ministry had not received information about an overseas investment application by Taiwanese chipmaker TSMC, when asked about possible investment in Intel and the United States. U.S. media has reported that Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a major supplier to companies including Apple and Nvidia, has been in talks to potentially take a stake in Intel.

  • Feb 24, 2025

Dollar falls after soft consumer confidence as economic concerns drag

The dollar retreated on Tuesday, extending declines after a soft reading on U.S. consumer confidence and a drop in U.S. yields weighed, while optimism for more spending in Germany helped lift the euro. The greenback extended declines after the Conference Board said its consumer confidence index dropped 7 points, its largest fall since August 2021, to 98.3, well short of the 102.5 estimate of economists polled by Reuters. The dollar index, which measures the greenback against a basket of currencies, fell 0.39% to 106.33, just off the two-month low of 106.12 hit on Monday, with the euro up 0.37% at $1.0505.

  • Feb 24, 2025

Crypto trading booms in India's smaller cities as job growth and incomes disappoint

NAGPUR, India (Reuters) -Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India. Nagose bought and sold stock options earlier but is now venturing into cryptocurrencies as regulators have made it harder to trade equity derivatives in India. The 28-year-old believes the red-hot crypto asset class can help shield his family-owned flower shop during downturns.

  • Feb 24, 2025

Why Nvidia's earnings are important to the entire U.S. stock market

Sales of Nvidia's artificial intelligence chip Blackwell will be top of mind when the company releases its latest financial results Wednesday, with analysts eyeing future demand amid a Chinese upstart's claim that it can train competitive AI models using far fewer resources. Wall Street expects Nvidia to report fourth-quarter adjusted earnings of 85 cents per share on revenue of $38.08 billion, according to FactSet. The company’s net income is expected to reach $19.58 billion.

  • Feb 24, 2025

Why Altcoins Were Having a Serious Case of the Mondays Today

The cryptocurrency market, rocked by a high-profile hack Friday morning, continued to be in hangover mode as the work week started. On Monday, a vast number of digital coins and tokens continued to lose value, some even at double-digit percentage rates. Leading altcoin Ethereum (CRYPTO: ETH) -- the token at the center of the hack -- had fallen nearly 8% in value from 4 p.m. ET in late afternoon trading.

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