Top Wall Street bank pitches options play to ride potential Indian rupee rally to 83
By Nimesh VoraMUMBAI (Reuters) -Goldman Sachs’ sales and trading desk is recommending an options play on the Indian rupee that will pay off if the South Asian currency rallies to 83 per U.S. dollar over the next nine months. The call — effectively a bet on a 3%...
Chime prices IPO at $27 per share to raise $864 million
By Echo Wang(Reuters) -Financial technology company Chime said on Wednesday it raised $864 million in its initial public offering after pricing shares at $27 each. The company had marketed the offering between $24 and $26 per share. The IPO values Chime at roughly...
BlackRock aims to grow revenue to $35 billion and more by 2030
By Davide BarbusciaNEW YORK (Reuters) -BlackRock said on Thursday it was aiming to grow its revenue to $35 billion and more by 2030, as the asset management giant expands its foothold in private markets.The New York-based firm, which reported revenue of $20 billion...
Bulls load up on Asian currencies as trade uncertainty knocks dollar: Reuters poll
By John Biju(Reuters) -Bullish bets firmed up on most Asian currencies as the lack of clarity on a U.S.-China trade agreement kept the dollar on the back foot, a Reuters poll showed on Thursday.Long positions in the Taiwan dollar touched their highest since December...
Oracle shares soar as AI cloud demand propels revenue forecast
(Reuters) -Oracle shares surged nearly 8% in premarket trading on Thursday after the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services.The stock has risen nearly 6% so far this year as confidence in the software...
JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s
(Reuters) – JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those...
US weekly jobless claims steady at higher levels
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits was unchanged at higher levels last week as labor market conditions continued to steadily ease.Initial claims for state unemployment benefits held steady at a seasonally...Future Market Insights—Today’s Edge
Your pulse on macro trends, sector rotations, and market-moving alerts Markets are entering a pivotal stretch. Traders are closely watching the upcoming Federal Reserve meeting, fresh inflation data, and several heavyweight earnings reports—all of which could drive...