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Dollar Weakens on Deficit Fears, ING Sees Further Downside Without Strong Data
The U.S. dollar began the week on a softer note, under pressure from renewed concerns about the country’s growing fiscal deficit and escalating trade tensions—despite President Donald Trump temporarily stepping back from a proposed 50% tariff on imports from the European Union. Analysts at ING noted that while markets had largely moved beyond the tariff…
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Bitcoin Holds Steady Near $109K as Markets Gear Up for 2025 Crypto Summit
Bitcoin (COIN:BTCUSD) traded slightly lower early Tuesday, maintaining a tight range just below last week’s all-time high as attention turns to the start of the highly anticipated Bitcoin 2025 Conference in Las Vegas. As of 01:58 ET, the flagship cryptocurrency was down 0.6% at $108,962.20, retracing modestly after reaching nearly $112,000 last Thursday. The pullback…
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Truist Cuts Jack In The Box to Hold, Halves Price Target Amid Sales Concerns
Jack In The Box Inc. (NASDAQ:JACK) received a downgrade from Truist on Monday, as the brokerage flagged mounting challenges in the company’s same-store sales performance and expressed skepticism over the fast-food chain’s current turnaround efforts. Truist lowered its rating on the stock from Buy to Hold and slashed the price target to $22 from $51,…
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Tesla’s European Sales Tumble Amid Intensifying Competition and Lingering Backlash Against Musk
Tesla Inc. (NASDAQ:TSLA) saw its car sales in Europe plunge sharply in April, as growing competition, an aging vehicle lineup, and a lingering backlash tied to CEO Elon Musk contributed to a significant drop in market share. According to newly released data from the European Automobile Manufacturers’ Association (ACEA), Tesla registered just 7,261 new vehicles…
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Pony.ai to Launch Autonomous Robotaxi Service in Dubai Under New RTA Partnership
Chinese autonomous driving firm Pony.ai (NASDAQ:PONY) has announced a new collaboration with Dubai’s Roads and Transport Authority (RTA) to roll out its robotaxi services in the Emirate, marking a significant step in its Middle East expansion strategy. The partnership, formalized through a memorandum of understanding signed on Tuesday, aligns with Dubai’s long-term goal to have…
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Futures Rally on Trade Relief, Nvidia Eyes New China Chip, Tesla Falters in Europe
U.S. stock futures surged Tuesday on signs of easing trade tensions with Europe, while Nvidia prepares to release a new AI chip tailored for China. Meanwhile, Tesla faces a steep sales drop in Europe, and Bitcoin retreats ahead of a major industry event. Investors also await key signals from OPEC+ on oil production. U.S. Markets…
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Capital Economics Raises S&P 500 Outlook, Predicts 7,000 Level by 2026
Capital Economics has upgraded its long-term forecast for the S&P 500, expecting the benchmark U.S. stock index to climb to 7,000 by the end of 2026, citing a more favorable market environment and a cooling of trade tensions. In a note published Thursday, the firm revised its prior estimates, adjusting its end-2025 target to 6,250,…
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Geopolitical Risks Intensify as U.S. Faces Heightened Challenges with Iran and Russia – Citi
Citi’s latest Oil Monitor report highlights increasing geopolitical tensions that are significantly influencing oil markets, with critical uncertainties linked to Iran and Russia developments. “Geopolitics remain pivotal for the next move in oil up to $70 Brent, or down to the $50s,” Citi analysts stated, emphasizing the key role international relations will play in determining…
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Nvidia to Roll Out Budget-Friendly AI Chipset for Chinese Market
Nvidia (NASDAQ:NVDA) is preparing to launch a new, more affordable artificial intelligence (AI) chip tailored for China, according to a Monday report from Reuters. This new offering is set to cost considerably less than the company’s existing H20 model, which has recently faced usage restrictions. Citing insiders with knowledge of the matter, the report states…
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Gold Slips as Markets React to Trump’s Tariff Delay on the EU
Gold prices dipped slightly in Asian trading on Monday, trimming some of the gains seen last week after U.S. President Donald Trump backed away from an earlier threat to immediately impose 50% tariffs on imports from the European Union. Despite the pullback, gold’s losses were tempered by ongoing weakness in the U.S. dollar and continued…