EUR/USD
1.17942
0.081%
Gold
5241.54
0.253%
Oil
66.218
-0.017%
USD/JPY
154.621
-0.028%
GBP/USD
1.34989
0.063%
GBP/JPY
208.727
0.044%
Real-time News
On February 24th, IBM (IBM.N) shares plunged on Monday after AI startup Anthropic announced that its Claude Code tool could help modernize COBOL, an outdated programming language that primarily runs on IBM computers. IBM (IBM.N) shares fell as much as 13%, marking its biggest single-day drop since March 2020. Data compiled by institutions shows that, as a result, the stock fell 26% in February, on track for its largest monthly decline since at least 1968.FedEx (FDX.N) is suing the U.S. government, demanding a full refund of emergency tariffs.February 24th - According to the Wall Street Journal, the Trump administration is considering new "national security tariffs" on six industries. Sources familiar with the matter revealed that the tariffs under consideration could cover industries such as large batteries, pig iron and iron fittings, plastic pipes, industrial chemicals, and power grid and telecommunications equipment. These tariffs would be imposed under Section 232 of the Trade Expansion Act of 1962. The new tariffs on these six industries would be implemented separately from the new 15% global tariff. It is unclear when the investigations into these tariffs, conducted by the Department of Commerce, will be announced, or when they will ultimately be implemented. Section 232 requires a lengthy investigation before tariffs can be imposed, but once implemented, the president can unilaterally amend it.February 24 - On February 23 local time, the Qatari Ministry of Foreign Affairs stated that the foreign ministers of 19 countries, including Qatar, Saudi Arabia, Egypt, Jordan, Turkey, Palestine, Brazil, France, Denmark, Finland, Iceland, Indonesia, Ireland, Luxembourg, Norway, Portugal, Slovenia, Spain, and Sweden, along with the secretaries-general of the Arab League and the Organization of Islamic Cooperation, issued a joint statement strongly condemning the Israeli security cabinet for approving a series of decisions that drastically altered its policies in the West Bank, strengthened its control over the West Bank, and accelerated the expansion of Jewish settlements.JPMorgan CFO Barnum: The final Basel III plan is unlikely to significantly change capital requirements in any direction.
