EUR/USD
1.17476
0.475%
Gold
4690.80
2.926%
Oil
93.338
-6.565%
USD/JPY
156.383
-0.957%
GBP/USD
1.35924
0.400%
GBP/JPY
212.519
-0.580%
Real-time News
South Koreas foreign exchange reserves stood at $427.88 billion in April, compared with $423.66 billion in the previous month.The Governor of the Bank of Canada (testifying before the Senate) stated that once the governments fiscal update measures are taken into account, the inflation forecast in the July monetary policy report will not change significantly.Chicago Federal Reserve President John Goolsby said on Wednesday that the war in Iraq increasingly appears to be an inflationary shock to the economy. While the impact on employment and economic growth is not yet apparent, concerns about supply chain disruptions and persistently rising prices are intensifying. “This is not a stagflation shock,” Goolsby said after attending a Milken Institute conference in Los Angeles—the kind that hits the job market while pushing up inflation, forcing the Fed to decide which of its policy objectives is at greater risk. “It’s just an inflationary shock. And the longer this continues, the more uneasy I become.”On May 7th, Arm (ARM.O) predicted its first fiscal quarter revenue would reach $1.26 billion, exceeding market expectations of $1.25 billion, driven by the increasing adoption of its chip technology amid massive investments in artificial intelligence computing by tech companies. Arm CEO Rene Haas stated, "We are very bullish on demand from data centers," adding that "data center-related royalties saw considerable growth this quarter." Earlier this year, Arm released the AGI CPU, a data center chip designed to handle the large-scale computing required for specific types of AI. The company said on Wednesday that it has secured $2 billion in customer demand for the processor in fiscal years 2027 and 2028.Arm (ARM.O) expects first-quarter revenue of $1.26 billion, compared with market expectations of $1.25 billion.
