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Hedge Funds Are Betting Yen May Slide To 165 Before Intervention

Hedge Funds Are Betting Yen May Slide To 165 Before Intervention

Hedge funds are ignoring yen intervention warnings and wagering in the currency option markets that it may fall toward 165 to a dollar before Japanese authorities step in.

Winkelmann

Iron Ore’s Strength Hard To Reconcile With Soft Chinese Demand

Iron Ore’s Strength Hard To Reconcile With Soft Chinese Demand

Iron ore's robust start to the year continues to highlight what many observers deem to be a persistent mismatch between market pricing and conditions on the ground.

Samantha Luan

Amazon Blasts Saks Funding Deal, Says Its Equity Is ‘Worthless’

Amazon Blasts Saks Funding Deal, Says Its Equity Is ‘Worthless’

Amazon.com Inc. is challenging Saks Global Enterprises' foray into Chapter 11, saying the luxury retailer breached a deal related to the sale of Saks products on its website and that its equity investment in the now bankrupt business is "presumptively worthless."

Justin

Alibaba Takes Major Step To Link Taobao Shopping To Main AI App

Alibaba Takes Major Step To Link Taobao Shopping To Main AI App

Alibaba Group Holding Ltd. plans to link its flagship online shopping and travel services to its AI app, taking its biggest step yet to build Qwen into its one-stop artificial intelligence platform for consumers.

Winkelmann

Tech, Banks Weigh On Wall Street; Trump Eases Iran Oil Fears

Tech, Banks Weigh On Wall Street; Trump Eases Iran Oil Fears

Technology and bank stocks led Wall Street indexes into a second day of declines ​on Wednesday, while oil prices snapped back from the day's highs after U.S. President Donald Trump softened warnings about unrest in Iran, although persistent ‌economic and geopolitical uncertainty continued to support precious metals.

Samantha Luan

Exclusive: Trump Calls Minnesota ICE Shooting 'sad To See On Both Sides'

Exclusive: Trump Calls Minnesota ICE Shooting 'sad To See On Both Sides'

U.S. President Donald Trump struck a more conciliatory tone regarding an ICE officer's fatal shooting of a Minnesota mother, saying on Wednesday that it was "sad to see on both sides."

Winkelmann

Verizon Still Working To Resolve Network Issue Snarling Cellphone Service

Verizon Still Working To Resolve Network Issue Snarling Cellphone Service

Verizon Communications' (VZ.N) U.S. wireless network remained down late Wednesday evening for many users in the U.S., prompting several major cities to advise residents to use other carriers to call emergency services.

Samantha Luan

XRP News Today: XRP Slips On Senate Bill But Bulls Defend $2

XRP News Today: XRP Slips On Senate Bill But Bulls Defend $2

Mixed reviews of the US Market Structure Bill weigh on XRP sentiment, though ETF inflows, regulatory clarity hopes, and $2 support underpin a bullish bias.

Justin

Oil & Silver Plunge as Iran Strike Delayed

Oil & Silver Plunge as Iran Strike Delayed

Reports of a delayed US strike on Iran, amid White House indecision and logistical hurdles, sent oil and silver prices tumbling.

Edward Lawson

Trump: Ukraine Is the Obstacle to a Peace Deal, Not Russia

Trump: Ukraine Is the Obstacle to a Peace Deal, Not Russia

Trump asserts Ukraine, not Russia, obstructs peace, challenging allies and spotlighting his volatile dynamic with Zelenskiy.

Isaac Bennett

Trump Weighs Fed Chair's Fate Amid DOJ Probe

Trump Weighs Fed Chair's Fate Amid DOJ Probe

Trump casts doubt on Fed Chair Powell's future, citing a probe amidst an escalating fight over central bank independence.

Frederick Miles

Bank of Korea Holds Rates at 2.50% to Defend Slumping Won

Bank of Korea Holds Rates at 2.50% to Defend Slumping Won

South Korea's central bank held rates steady, prioritizing financial stability and its weak currency, signaling a prolonged pause.

Owen Li

Trump on Iran's Future, Ukraine War, and Fed Probe

Trump on Iran's Future, Ukraine War, and Fed Probe

Trump doubted Iran opposition's leader, blamed Zelenskiy for peace talks' stalemate, and dismissed GOP Fed probe criticism.

Isaac Bennett

Bank of Korea Holds Interest Rate at 2.5% Amid Inflation

Bank of Korea Holds Interest Rate at 2.5% Amid Inflation

South Korea's central bank paused rate cuts, battling inflation and a weak currency despite its easing cycle.

Alexander

Ex-BoE Officials: Capital Cut Benefits Shareholders, Not Economy

Ex-BoE Officials: Capital Cut Benefits Shareholders, Not Economy

The Bank of England's eased bank capital rules face sharp criticism for enriching shareholders over the economy amid rising risks.

Frederick Miles

Senate Blocks Bid to Curb Trump's Venezuela War Powers

Senate Blocks Bid to Curb Trump's Venezuela War Powers

Trump's influence secured a narrow Senate vote blocking limits on Venezuela military action, amplifying war powers debate.

Isaac Bennett

Silver Prices Retreat as Trump Pauses Tariff Threat

Silver Prices Retreat as Trump Pauses Tariff Threat

Silver retreated from record highs post-tariff delay, but Fed policy and shifting sentiment temper its rally.

Golden Gleam

Thai Yield Curve Steepens on Election Spending Fears

Thai Yield Curve Steepens on Election Spending Fears

Thai bond yields surge on election stimulus fears, reflecting market unease and potential downgrade risks.

Thomas

Japan's Wholesale Inflation Cools as Fuel Costs Drop

Japan's Wholesale Inflation Cools as Fuel Costs Drop

Japan's wholesale inflation eased in December, fueled by lower costs. Yet, a weak yen offset import price relief, complicating the BOJ's economic outlook.

Nathaniel Wright

Iran Denies Execution Plans Amid Major Protests

Iran Denies Execution Plans Amid Major Protests

Iran's FM denies plans to hang protesters amid widespread unrest, a claim disputed by rights groups and US threats.

Ukadike Micheal

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