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Yen at 149.95 Against Dollar, Hits Strongest Level Since December

The yen has surged against the dollar, reaching its strongest level since December. Market speculation is growing that the Bank of Japan will raise interest rates sooner than expected, buoying the yen and pushing government bond yields higher. Data showing strong GDP growth and rising wages in Japan has supported the BOJ's case for rate hikes.

Palantir Stock Plunges 10% on Pentagon Budget Cut Report

Palantir stock plunges 10% on report of potential Pentagon budget cuts, wiping out recent gains.

Fed Rate Cuts Remain on Table as Inflation Heats Up, Bostic Says

The Federal Reserve is considering further interest rate cuts this year as they assess the evolving economy and new policies from the Trump administration.

US Futures Extend Declines as Fed Signals Pause on Rate Cuts

US future markets slump on Wednesday as investors reacted to the latest sign the Federal Reserve is unlikely to cut rates anytime soon and digested minutes from its January meeting.

Chipmaker Besi warns of Q1 revenue dip as traditional markets offset AI orders

BESI expects revenue to fall in Q1 of 2025 due to weakness in traditional markets despite growth in AI-related orders.

Singapore to Launch Gold Futures Amid Soaring Prices and Disruptions

Singapore's Abaxx Exchange to Launch Gold Futures Amid Soaring Prices and Demand for Safe Havens

Oil Steady Amid Stockpile Report, Amid Supply Uncertainty

Oil steadies after industry report signals another build in US crude stockpiles amidst lingering global supply concerns.

Pharmaceutical Companies and PBMs Wage Battle in Washington

CVS Health (CVS) and other PBMs defend their role as drug cost managers amid scrutiny over rebate strategies and patient choices. As new low-cost options emerge, the industry faces challenges from Walmart, GoodRx, and telehealth partnerships.

US Futures Slip After S&P 500 Hits Record, Fed Signals Pause

US future markets fell as the S&P 500 hit a record high for a second day and investors considered the latest sign the Federal Reserve will not cut rates soon.

Asian Stocks Drop on Ukraine, China Tech Selloff

Asian stocks fall as concerns over US geopolitical priorities cast a shadow on risk appetite, prompting investors to seek havens like the Japanese yen.