Top Ways to Trade Incredibly Oversold Oil Prices
Keep an eye on oversold oil. At $67.82, crude is sitting at support dating back to late 2021. It’s also oversold on RSI, MACD, and Williams’ %R. And we expect to see oil come back strong – especially with summer driving season just around the corner. “Fears...
U.S. Supreme Court divided over Coinbase arbitration dispute
By Andrew Chung and John Kruzel WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared divided over a bid by cryptocurrency exchange Coinbase Global Inc to halt customer lawsuits, including by a user who sued after a scammer stole money from his...
U.S. states urge Hyundai, Kia to do more to tackle theft risk
By David Shepardson WASHINGTON (Reuters) -A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor and Kia Corp and said they need do more to address problems with millions of U.S. vehicles that are prone to theft. Last month, the Korean automakers...
Google denies destroying ‘chat’ evidence in U.S. antitrust lawsuit
By Mike Scarcella (Reuters) - Alphabet Inc's Google has denied intentionally destroying evidence in the U.S. Justice Department's antitrust lawsuit over the company's search business, in a response to the government's bid for sanctions in federal court. The Justice...
Police clash with protesters at Paris demonstration against pension overhaul
By Layli Foroudi and Manuel Ausloos PARIS (Reuters) - Riot police clashed with protesters on Friday evening in Paris as a new demonstration took place against the government's plans to raise the French state pension age. The growing unrest, which has resulted in a...
Biden takes aim at failed bank executives’ pay, asks Congress to act
By Jeff Mason and Pete Schroeder WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines for managers, clawing back executives' compensation and barring...
Video shows Russia jet intercept US drone; Ukraine forces hold on in Bakhmut
By Mike Collett-White and Phil Stewart NEAR BAKHMUT, Ukraine/WASHINGTON (Reuters) -The Pentagon released a de-classified video on Thursday showing a Russian military jet intercepting a U.S. drone downed over the Black Sea two days ago, rare footage that highlights the...
US banking system sound but not all deposits guaranteed, Yellen says
By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large bank...
U.S. Copyright Office says some AI-assisted works may be copyrighted
By Blake Brittain (Reuters) - The U.S. Copyright Office issued new guidance on Wednesday to clarify when artistic works created with the help of artificial intelligence are copyright eligible. Building on a decision it issued last month rejecting copyrights for images...
Tech stocks emerge as haven in sell-off fueled by bank worries
By Lewis Krauskopf NEW YORK (Reuters) - Investors are gravitating toward big technology stocks as banking crisis worries rock U.S. markets, hoping the shares are better positioned to withstand a possible economic downturn and will benefit from a steep drop in bond...
How SVB Financial Group imploded in two days
(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has sparked fears of contagion in the financial sector and affected every asset class from stocks to forex. Bank stocks globally saw hundreds of...
Ohio sues Norfolk Southern over Feb. 3 train derailment
By David Shepardson (Reuters) -The state of Ohio sued Norfolk Southern Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of hazardous materials and pollutants into the environment around the town of East Palestine. "This...
EBay slams ‘alarming’ Meta subpoena in FTC monopoly case
By Mike Scarcella (Reuters) - E-commerce platform eBay Inc on Monday asked a U.S. judge to block a bid by Meta Platforms Inc for testimony from an eBay corporate official as the social media giant seeks rivals' information to counter a Federal Trade Commission...
Morgan Stanley Analyst Recommends Selling Any Uptick amid SVB Collapse
Morgan Stanley analyst Michael Wilson, one of the bearish analysts on Wall Street, has advised investors to sell potential uptick in US equities that would occur due to regulatory assistance actions taken in the wake of Silicon Valley Bank's failure. On Sunday, the...
Major crypto coins stabilise after U.S. intervenes on SVB collapse
By Tom Wilson and Shubham Kalia LONDON (Reuters) -Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained...
Instant View: SVB meltdown triggers gyrations in global bank shares
(Reuters) - California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stocks....
Greenwashing crackdown in Europe leaves investors in the dark
By Virginia Furness and Simon Jessop LONDON (Reuters) - New rules in Europe to crack down on greenwashing are not making it easier to spot genuine environmentally-friendly funds as asset managers continue to apply different standards for what constitutes sustainable...
Russia kills civilians in first huge missile wave for weeks
By Pavel Polityuk and Andriy Perun KYIV/ZOLOCHIV, Ukraine (Reuters) - Russia fired a huge wave of missiles across Ukraine on Thursday as people slept, killing at least nine civilians and knocking out power in an attack Kyiv said included six Kinzhal hypersonic cruise...
The Top 5 Lithium Stocks to Buy on Weakness
Bank of America says we could see a surplus of lithium, with higher volume set to supersede slowing demand. “We see a lot of supply coming out from lithium mines … We are expecting 38% lithium supply growth this year. That’s why 2023 is likely to turn into a surplus...
Discord to roll out AI-powered chatbot, messaging features
By Sheila Dang (Reuters) - Chat app Discord said on Thursday it will introduce new artificial intelligence features that can summarize long conversations or add decorations to a user's avatar, the latest move among tech companies to build generative AI tools....