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☆ US bond investors brace for Fed rate cuts in 2024
▼ + stars: | 2023-11-30 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Traders' confidence was reinforced earlier this week when Fed Governor Christopher Waller, a hawkish policymaker, flagged a possible rate cut in the months ahead. SOFR FUTURESBond investors also look to the Secured Overnight Financing Rate (SOFR) futures to gauge expectations of Fed rate moves. The June 2024 SOFR futures have priced at least one Fed cut, while the probability of two 25-basis-point rate reductions was at 76%. An OIS transaction involves exchanging an overnight rate such as the federal funds rate for a fixed one. For instance, in a U.S. two-year OIS transaction, one party receives a fixed two-year rate in exchange for paying the fed funds rate daily over the next two years.

Persons: Brendan McDermid, Robert Pavlik, Pavlik, Christopher Waller, Jerome Powell's, It's, Gertrude Chavez, Dreyfuss, Saqib Iqbal Ahmed, Stephen Culp, Alden Bentley, Paul Simao Organizations: Wall, REUTERS, Bond, U.S, Dakota Wealth Management, Fed, Spelman College, Reuters, Thomson Locations: New York, U.S, Fairfield , Connecticut, Atlanta

☆ IOTA launches $100 million entity in Abu Dhabi to create digital network
▼ + stars: | 2023-11-29 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

IOTA digital tokens will fund the investment. The foundation will be seeded with over $100 million in IOTA tokens, to be vested over the next four years, Schiener said. IOTA tokens on Tuesday traded at about $0.17, with a market capitalization of roughly $524 million, Coinmarketcap.com showed. The funds will be used to develop the IOTA network and accelerate its growth, Schiener said. IOTA will also start "tokenizing" assets, he said, a process in which ownership rights in land or buildings are represented as digital tokens and stored on a blockchain.

Persons: Satoshi bitcoin, Arnd, Dominik Schiener, Binance, Schiener, Hamad Sayah Al Mazrouei, Gertrude Chavez, Dreyfuss, Alden Bentley, Richard Chang Organizations: Swiss, Bity, REUTERS, IOTA, Wednesday, Abu Dhabi Global, United Arab, Registration, ADGM, Thomson Locations: Zurich, Switzerland, Abu Dhabi, United Arab Emirates, UAE, Europe, Germany

The dollar index , which measures its value against six major currencies, fell as far as 102.89, the lowest since Aug. 31. The index is on track for a loss of more than 3% in November, its worst performance since November 2022. The Conference Board said its consumer confidence index increased to 102.0 this month from a downwardly revised 99.1 in October. In other currencies, the euro rose to a 3-1/2-month peak of $1.0985 . The dollar fell 0.2% to 148.33 yen , with the Japanese currency continuing its recovery from the brink of 152 per dollar earlier in the month.

Persons: Dado Ruvic, Sterling, Karl Schamotta, underscoring, Gertrude Chavez, Dreyfuss, Alun John, Brigid Riley, Ed Osmond, Mark Potter, Kevin Liffey Organizations: REUTERS, U.S, Federal Reserve, Board, Federal Housing Finance Agency, Traders, Australian, New Zealand, Reserve Bank of New, Thomson Locations: Swiss, U.S, Toronto, OPEC, Reserve Bank of New Zealand, New York, London, Tokyo

The dollar index , which measures the currency against six major peers, slipped 0.1% to 103.37 and was headed for a monthly loss of more than 3%, its worst performance since November 2022. The market is also eyeing a rate decision from the Reserve Bank of New Zealand and Chinese purchasing managers' index (PMI) data. In other currencies, the euro was little changed against the dollar at $1.0937 . Against the yen, the dollar fell 0.4% to 148.885 yen . The dollar extended losses after data showed U.S. new home sales fell more than expected in October, dropping 5.6% to a seasonally-adjusted annual rate of 679,000 units.

Persons: ECB's Lagarde, Helen, Christine Lagarde's, Gertrude Chavez, Dreyfuss, Samuel Indyk, Rae Wee, Toby Chopra, Mark Potter, Paul Simao Organizations: U.S, Federal Reserve, Monex USA, Fed, European Central Bank, Bank of England, Reserve Bank of New, Australian, greenback, New, Thomson Locations: U.S, Washington, OPEC, Australia, Reserve Bank of New Zealand, New Zealand, China, New York, London, Singapore

☆ Dollar steady against euro, yen on intervention watch as it hits one-week low
▼ + stars: | 2023-11-08 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Traders also remained on alert for potential intervention in the Japanese currency as it rose above the 151 level against the dollar, its weakest level in a week. “The dollar is vulnerable to weaker data going forward," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. "We’re transitioning to a sort of sell dollar rallies environment, after the buy dollar dips trend that we’ve seen really since the middle of the year." The dollar gained 0.41% to 151.03 Japanese yen , heading back towards levels that have investors on watch for currency intervention.

Persons: Dado Ruvic, Shaun Osborne, ”, Osborne, Jerome Powell, Powell, Nick Bennenbroek, Francesco Pesole, Karen Brettell, Gertrude Chavez, Dreyfuss, Samuel Indyk, Andrea Ricci Organizations: REUTERS, Federal Reserve, Scotiabank, U.S, ING, Reserve Bank of Australia, Thomson Locations: U.S, United States, Toronto

☆ US dollar drops to six-week low after softer-than-expected jobs data
▼ + stars: | 2023-11-03 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

[1/4] U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. The index was on track for its largest one-day fall since July. The numbers for September were revised lower to show 297,000 jobs created instead of 336,000 as previously reported. Against the yen, the dollar slid 0.6% to 149.53 yen , capping a whirlwind week, in which the Japanese currency touched a one-year low against the dollar and 15-year trough against the euro. Sterling rose 1.1% versus the dollar to $1.2327, after earlier hitting a six-week high of $1.2350.

Persons: Dado Ruvic, Brad McMillan, Kazuo Ueda, Sterling, Jerome Powell, Gertrude Chavez, Dreyfuss, Chibuike Oguh, Alun John, Ankur Banerjee, Christina Fincher, Andrea Ricci Organizations: REUTERS, Sterling, Federal Reserve, Commonwealth Financial Network, Bank of Japan, Reuters, Treasury, U.S . Treasury Department, Thomson Locations: Waltham , Massachusetts, U.S, New York, London, Singapore

☆ US Treasury seen boosting auction sizes as budget deficit worsens
▼ + stars: | 2023-10-29 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors are playing close attention to this week's quarterly refunding announcement as a sharp jump in long-term Treasury yields has been partly attributed to concerns about the U.S. fiscal deficit. So far this year, the Treasury has issued about $1.6 trillion of additional bills and roughly $1.04 trillion in longer-term debt. The Treasury is also likely to announce a buyback program for a possible launch in January, aimed at improving bond market liquidity, analysts said. The projected increase in longer-term deficits in the coming years, however, will keep Treasury raising auction sizes, analysts said.

Persons: Kevin Lamarque, Guneet Dhingra, Morgan Stanley, Morgan Stanley's Dhingra, Tom Simons, Zachary Griffiths, Gertrude Chavez, Dreyfuss, Megan Davies, Jamie Freed Organizations: Department of, U.S . Treasury, REUTERS, TD Securities, Treasury, Jefferies, Thomson Locations: Washington , U.S, New York, Charlotte , North Carolina

☆ Foreign holdings of US Treasuries in August hit highest since December 2021 -data
▼ + stars: | 2023-10-18 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +2 min

Total holdings of U.S. Treasuries climbed to $7.707 trillion in August from $7.655 trillion the previous month. "There is still buying coming through from foreign investors. China's holdings of Treasuries fell further to $805.4 billion in August, the lowest since May 2009, when it had $776.4 billion, data showed. Data further showed, major U.S. asset classes showed inflows during the month. Overall, foreign residents increased their holdings of long-term U.S. securities in August; net purchases were $61.3 billion, according to U.S. Treasury data.

Persons: Kevin Lamarque, Treasuries, Gennadiy Goldberg, Goldberg, Gertrude Chavez, Dreyfuss, Jonathan Oatis, David Gregorio Our Organizations: Department of, U.S . Treasury, REUTERS, Treasuries, Treasury, U.S, TD Securities, Thomson Locations: Washington , U.S, U.S, Japan, New York, Treasuries, China

The dollar index , which measures the currency's strength against a basket of six rivals, was down 0.31 % to 106.03 . The index rose as high as 106.98 earlier in the session after data showed U.S. nonfarm payrolls increased by 336,000 jobs last month. The numbers for August were revised higher to show 227,000 jobs added instead of the previously reported 187,000. Economists polled by Reuters had forecast September payrolls rising by 170,000 jobs. The payrolls data showed monthly wage growth remained moderate, with average hourly earnings rising 0.2% after a similar gain in August.

Persons: Dado Ruvic, nonfarm, Karl Schamotta, Tony Welch, Helen, Corpay's Schamotta, Saqib Iqbal Ahmed, Gertrude Chavez, Dreyfuss, Chuck Mikolajczak, Rae Wee, Alun John, Marguerita Choy, Susan Fenton, Andrew Heavens Organizations: REUTERS, U.S, Reuters, Thomson Locations: U.S, Toronto, Atlanta, New York, Singapore, London

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Traders have been on watch for weeks for a possible intervention by Japanese officials to combat a sustained depreciation in the yen. "It could just be people expecting intervention and then reacting to what they believed to be intervention," said Asher. To support the Japanese currency, authorities need to tap Japan's foreign reserves of dollars to sell for yen. A senior Japanese ministry of finance official declined to comment on whether Japan had intervened in foreign exchange markets.

Persons: Florence Lo, Michael Brown, Brown, Colin Asher, Asher, Niels Christensen, Jeremy Stretch, Edward Moya, Stretch, Tuesday's, Chuck Mikolajczak, Samuel Indyk, Saqib Iqbal Ahmed, Gertrude Chavez, Dreyfuss, Dhara Ranasinghe, Lucy Raitano, Ira Iosebashvili, Megan Davies, Jonathan Oatis, Andrea Ricci, Hugh Lawson, Gareth Jones Organizations: U.S, REUTERS, Trader, Mizuho, Nordea, Bank of Japan, New York Federal Reserve, CIBC Capital Markets, Ministry, Finance, Seven, Japan, Thomson Locations: TOKYO, London, Copenhagen, Japan, U.S, Tokyo, Asia, New York, United States

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The dollar fell as low as 147.30 yen versus the Japanese currency, after hitting a one-year high of 150.165. Tuesday's low in the dollar was its weakest level in three weeks versus the Japanese currency. The euro dropped to a roughly two-month low against the yen of 154.39 yen and was last down 0.7% to 155.99. That earlier drove the dollar higher as real interest rates factor in inflation.

Persons: Florence Lo, Shunichi Suzuki, Colin Asher, Sterling, Marc Chandler, Jeremy Stretch, JGB, Herbert Lash, Gertrude Chavez, Dreyfuss, Lucy Raitano, Joice Alves, Marguerita Choy, Sharon Singleton Organizations: U.S, REUTERS, Japan, Japanese Finance, New York Federal Reserve, Mizuho, Bannockburn Global, U.S . Labor, Labor, Survey, CIBC Capital Markets, UST, Federal Reserve, Reserve Bank of Australia's, Swiss, Thomson Locations: Japan, London, Bannockburn, New York

☆ Japanese yen weakens past psychologically significant 150 per dollar level
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsNEWYORK/LONDON/TOKYO, Oct 3 (Reuters) - The yen weakened to 150 to the dollar on Tuesday, a level some analysts think could prompt concerned Japanese authorities to intervene to prop up the currency. The dollar rose as high as 150.165 yen, its highest since October 2022, as the greenback pushed higher against most currencies, driven by surging U.S. Treasury yields. Reporting by Alun John in London, Brigid Riley and Kevin Buckland in Tokyo, and Gertrude Chavez-Dreyfuss in New York; Editing by Amanda Cooper and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Alun John, Brigid Riley, Kevin Buckland, Gertrude Chavez, Dreyfuss, Amanda Cooper, Jonathan Oatis Organizations: U.S, REUTERS, Treasury, Thomson Locations: TOKYO, London, Tokyo, New York

☆ US dollar share of global currency reserves stays flat in second quarter, IMF says
▼ + stars: | 2023-09-29 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

Claims in U.S. dollars rose 0.8% to $6.576 trillion in the second quarter, but were down 1% from a year earlier. The euro's share edged up slightly to 19.9% in the second quarter, from 19.8% the previous three months. The dollar index was up 3.1% in the second quarter, recovering from a 0.9% fall in the first quarter. The IMF data also showed the Chinese renminbi's share of currency reserves slipped to 2.4% in the second quarter from about 2.6% in the first. IMF data also showed total global reserves rose to $12.055 trillion in the second quarter from $12.028 trillion in the first quarter.

Persons: Michael Langham, Langham, Gertrude Chavez, Dreyfuss, David Gregorio, Chris Reese Organizations: International Monetary Fund, Canadian, Global, IMF, Thomson Locations: U.S

The risk, they have warned, is that large basis positions could once again exacerbate vulnerabilities in the U.S. bond market, which is a linchpin of the world's financial system. "These basis positions with these transformations are going to be a part of the equation because it's a necessary evil to get the capital to meet the demand." Higher supply comes as liquidity in Treasuries has been problematic for most of last year, partially due to rising volatility spurred by the Fed's aggressive rate hiking cycle. But Richard Chambers, global head of repo trading and global co-head of short macro trading at Goldman Sachs, told the trading forum on Thursday that the repo market was now more efficient. "We will have more levered investors buying Treasuries into 2024 and so demand for leverage in Treasuries will increase," he said.

Persons: Dado Ruvic, Joe Biden, Janet, Yellen, Jason Granet, Mark Wendland, ”, Richard Chambers, Goldman Sachs, Davide Barbuscia, Gertrude Chavez, Dreyfuss, Carolina Mandl, Laura Matthews, Matthew Lewis Organizations: REUTERS, Federal Reserve, Bank for International Settlements, Treasuries, Treasury, BNY Mellon, DRW Holdings, Reuters, Goldman, Thomson Locations: U.S, New York, Treasuries

☆ Foreign holdings of US Treasuries increase in July, China holdings plunge -data
▼ + stars: | 2023-09-18 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +2 min

Total holdings of U.S. Treasuries climbed to $7.655 trillion in July, up from $7.562 trillion in the previous month. China's stash of Treasuries dropped to $821.8 billion, the lowest since May 2009, when it had $776.4 billion, data showed. "A lot of the increase in foreign holdings was from the Caymans, Luxembourg, Bermuda, which are associated with custodians. Major U.S. asset classes showed mixed results during the month, data showed. Data also showed U.S. residents increased their holdings of long-term foreign securities, with net purchases of $36.8 billion in July.

Persons: Kevin Lamarque, Treasuries, Gennadiy Goldberg, Goldberg, Gertrude Chavez, Dreyfuss, Chris Reese, Sonali Paul Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Analysts, TD Securities, U.S, Thomson Locations: Washington , U.S, U.S, Treasuries, China, New York, Luxembourg, Bermuda, Japan

Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high valuations in equities. The Dow Jones Industrial Average (.DJI) rose 75.86 points, or 0.22%, to 34,576.59, the S&P 500 (.SPX) gained 6.35 points, or 0.14%, to 4,457.49 and the Nasdaq Composite (.IXIC) added 12.69 points, or 0.09%, to 13,761.53. For the week, which was shortened by Monday's Labor Day holiday, the S&P 500 fell 1.3%, while the Nasdaq lost 1.9% with both snapping two weeks of gains. After losing 2.9% in two sessions, the S&P 500 technology sector (.SPLRCT) closed higher. The S&P 500 posted 13 new 52-week highs and 17 new lows; the Nasdaq Composite recorded 36 new highs and 229 new lows.

Persons: David Lefkowitz, Lefkowitz, Brendan McDermid, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Sinéad Carew, Chuck Mikolajczak, Gertrude Chavez, Dreyfuss, Shristi, Arun Koyyur, Vinay Dwivedi, David Gregorio Our Organizations: Gilead Sciences, Kroger, Dow, Nasdaq, Index, UBS Global Wealth Management, Dow Jones, Monday's Labor, Apple, New York Stock Exchange, REUTERS, Asset Management, York Fed, Dallas, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: Beijing, New York City, U.S, New York, Bengaluru

☆ US dollar flat, but on track for eight straight weeks of gains; yuan sinks
▼ + stars: | 2023-09-08 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Despite Friday's pullback, the dollar index was headed for eight straight weeks of gains, the longest such streak since 2014. "There's a lot of reasoning to ask whether dollar strength is going too far." In afternoon trading, the dollar index , which measures the greenback against six major peers, was flat at 105.05. That said, Vassili Serebriakov, FX strategist, at UBS in New York, said while eight weeks are an unusually long stretch of dollar strength, the currency's gains are getting smaller every week. The euro , the largest component in the dollar index, was on track for eight straight weeks of losses and down 0.7% on the week.

Persons: Dado Ruvic, Amo Sahota, Sahota, Vassili, Sterling, Shunichi Suzuki, Gertrude Chavez, Dreyfuss, Samuel Indyk, Rae Wee, Shri Navaratnam, Gerry Doyle, Angus MacSwan, Mark Heinrich, Diane Craft Organizations: REUTERS, FX, U.S, Apple, Federal Reserve, UBS, greenback, Finance, Thomson Locations: San Francisco, China, New York, U.S, Germany, Europe's, Canada, United States, Japan, London, Singapore

☆ Dollar firmer on solid US data; China's yuan tumbles to 16-year low
▼ + stars: | 2023-09-07 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. China's onshore yuan , on the other hand, slid to a 16-year low versus the greenback, under pressure from a property slump, weak consumer spending, and shrinking credit growth in the world's second-largest economy. Against a basket of currencies including the euro and sterling, the dollar rose 0.2% to 105.03, after earlier touching a fresh six-month peak. The index also climbed to a six-month high on Tuesday, as the U.S. services sector unexpectedly gained steam in August. ONSHORE YUAN HITS 2007 LEVELSThe onshore yuan sank to 7.3299 per dollar, its weakest since December 2007.

Persons: Florence Lo, Brad Bechtel, BoE, Andrew Bailey, Gertrude Chavez, Dreyfuss, Joice Alves, Rae Wee, Zhou, Sharon Singleton, Chizu Nomiyama, Nick Zieminski, Andrea Ricci Organizations: U.S, REUTERS, Federal Reserve, Jefferies, Reuters, New Zealand, European Central Bank, Bank of England, Thomson Locations: U.S, New York, China, Beijing, Japan, Bank, London

☆ Stocks fall, dollar and yields up after US services data
▼ + stars: | 2023-09-06 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Weighing heavily on Wall Street stock indexes, shares of Apple (AAPL.O) fell 3.6% after the Wall Street Journal reported, citing people familiar with the matter, that China had banned officials at central government agencies from using iPhones and other foreign-branded devices for work. Some investors said the data may add to signs that interest rates could remain elevated for longer. The Nasdaq ended more than 1% lower, leading declines on Wall Street. In other data, manufacturing activity in Germany, Britain and the euro zone declined, while their service sectors fell into contraction territory.

Persons: Brendan McDermid, Susan Collins, Jeffrey Roach, Caroline Valetkevitch, Gertrude Chavez, Dreyfuss, Nell Mackenzie, Kane Wu, Edmund Klamann, Sam Holmes, Will Dunham, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, U.S, Apple, Treasury, Wall, Wall Street Journal, Institute for Supply Management, U.S . Federal, Fed Bank of Boston, Nasdaq, . Technology, Dow Jones, LPL, Brent, Thomson Locations: New York City, U.S, China, Germany, Britain, New York, London

☆ Dollar rises to six-month high after US data; weak yen prompts warning
▼ + stars: | 2023-09-06 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs. The euro and sterling fell to three-month lows after the data and were last flat at $1.0726 and down 0.5% at $1.2505 , respectively. Data showed the Institute for Supply Management (ISM)'s non-manufacturing PMI rose to 54.5 last month, the highest since February and up from 52.7 in July. Against the yen, the dollar trimmed losses, last down little changed at 147.69 yen. The dollar showed little reaction to the report.

Persons: Dado Ruvic, Helen, Susan Collins, Christopher Waller, Waller, Masato Kanda, Gertrude Chavez, Dreyfuss, Samuel Indyk, Ankur Banerjee, Savio D'Souza, Alexandra Hudson, Josie Kao Organizations: REUTERS, Institute for Supply Management, Reuters, Monex USA, Federal, Fed, Boston, CNBC, Ministry of Finance, Thomson Locations: Washington, U.S, Kanda, London, Singapore

☆ Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. "Despite the inevitable SEC appeal, to our mind there is no doubt now, spot BTC ETFs are coming to the US. He also expects pent up U.S. demand to positively impact bitcoin prices and help global acknowledgement of crypto as a new asset class. The SEC last year rejected Grayscale's application for a spot bitcoin ETF, arguing the proposal did not meet anti-fraud and investor protection standards. So far this month and despite Tuesday's sharp gains, both bitcoin and ether were down 6% and nearly 8%, respectively.

Persons: Dado Ruvic, Tim Bevan, Gertrude Chavez, Dreyfuss, Tom Wilson, Alun John, Josie Kao Organizations: REUTERS, Securities and Exchange Commission, SEC, District of Columbia, BTC, ETC Group, U.S, Supreme, Fidelity, Federal Reserve, Thomson Locations: District, Washington, New York, London

☆ Nvidia drops from record high, tracking market fall; AI bets support outlook
▼ + stars: | 2023-08-22 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. Rising bets that Nvidia's revenue target will once again surpass Wall Street estimates have lifted the stock about 19% from a two-month low hit last week. That pushed its market capitalization above $1 trillion, making its stock the best performer on the S&P 500 index (.SPX). At least 19 brokerages have this month raised their target price on Nvidia, pushing the median view to $500, which is a 6.5% increase to the stock's last closing price. If Nvidia were to miss (expectations), this market would be in a world of pain," Dick said.

Persons: Ann Wang, Dennis Dick, Brian Mulberry, Goldman Sachs, Dick, Medha Singh, Amruta Khandekar, Gertrude Chavez, Dreyfuss, Anil D'Silva, Arun Koyyur, Lisa Shumaker Organizations: REUTERS, Nvidia, Dow, Nasdaq, Wall, Triple D Trading, Reuters Graphics, Big Tech, Zacks Investment Management, Reuters, Thomson Locations: Taipei, Taiwan, Bengaluru, Bengalaru, New York

☆ US dollar recovers from inflation-related losses; yen slumps
▼ + stars: | 2023-08-10 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The greenback climbed to five-week peaks against the yen of 144.735 , and last traded up 0.7% at 144.71 yen. The recovery of the dollar against both the euro and yen pushed the dollar index up 0.1% to 102.56 . Earlier in the session, the dollar dropped after data showed the consumer price index (CPI) rose 0.2% last month, matching the gain in June. Investors are also on the lookout for possible intervention by the Japan to lift the yen. In September, Japan intervened when the dollar rose above 145 yen, pushing the pair to around 140 yen as the Ministry of Finance bought the yen to weaken the dollar.

Persons: Florence Lo, Yen, Helen, It's, Francisco Federal Reserve Bank Mary Daly, Gertrude Chavez, Dreyfuss, Alun John, Mark Potter, Andrea Ricci, Richard Chang Organizations: REUTERS, Monex USA, Francisco Federal Reserve Bank, Federal, Market, Fed, Labor Department, Analysts, Ministry of Finance, Thomson Locations: U.S, Washington, Japan, London

☆ Musk says fight with Zuckerberg to be live-streamed on X
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tingshu Wang/File PhotoNEW YORK/BENGALARU Aug 6 (Reuters) - Elon Musk said in a social media post on Sunday that his proposed fight with Meta (META.O) Chief Executive Officer Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter. "Zuck v Musk fight will be live-streamed on X. Zuckerberg, responding on his social media app Threads, said late Sunday: "I'm ready today. When a user on X asked Musk the point of the fight, Musk responded by saying "It's a civilized form of war. Musk then said he would start training if the cage fight took shape.

Persons: Elon Musk, Tingshu Wang, Mark Zuckerberg, Musk, Zuckerberg, hasn't, Juby Babu, Gertrude Chavez, Dreyfuss, Alex Richardson, Diane Craft Organizations: Tesla, REUTERS, Meta, Twitter, Thomson Locations: Beijing, China, Las Vegas, jiujitsu, Bengaluru, New York

☆ Warner Bros movie 'Barbie' ticket sales top $1 billion
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Aug 6 (Reuters) - Box-office ticket sales of the movie "Barbie" topped $1 billion in the United States and worldwide since its debut more than two weeks ago, Warner Bros. Pictures, a unit of Warner Bros. Discovery (WBD.O), announced on SundayIn a statement, Warner Bros. said the movie took in $459 million from domestic theaters and another $572.1 million overseas over the weekend, for a total of $1.0315 billion. "As distribution chiefs, we're not often rendered speechless by a film's performance, but Barbillion has blown even our most optimistic predictions out of the water," said Jeff Goldstein, president of domestic distribution for Warner Bros. Pictures, and Andrew Cripps, president of international distribution. "Barbie" ticket sales ranked second this year to "The Super Mario Bros," which was released in April and raked in a total of $1.357 billion at the box office. Reporting by Gertrude Chavez-Dreyfuss; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: we're, Jeff Goldstein, Andrew Cripps, Oscar, Greta Gerwig, Margot Robbie, Ryan Gosling, Barbie, Ken, Mattel, Mario Bros, Gertrude Chavez, Dreyfuss, Leslie Adler Organizations: Warner Bros . Pictures, Warner Bros ., Warner Bros, Thomson Locations: United States

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