• May 05, 2025

Stocks drift, dollar steadies as focus turns to Asian currencies

SINGAPORE (Reuters) -Global stocks were in a tight range on Tuesday and the dollar clawed back some of its recent losses against Asian counterparts as investors' concerns about U.S. tariffs and their impact on economic growth re-emerged. The erratic trade policies of U.S. President Donald Trump have fuelled significant waves of dollar selling since April as investors shifted away from U.S. assets, pushing the euro, yen and Swiss franc higher. That dollar selling has now spread to Asia underscored by the Taiwan dollar's record surge in recent sessions, which has stoked speculation that a revaluation of regional foreign exchange was possible to win U.S. trade concessions.

  • May 05, 2025

Palantir Sales Forecast Falls Short of Wall Street’s Hopes

(Bloomberg) -- Palantir Technologies Inc. dropped more than 8% in late trading Monday after its results failed to live up to investors’ loftiest expectations for a company whose stock has led the S&P 500 in gains this year.Most Read from BloombergThe Battle Over the Fate of Detroit’s Renaissance CenterNYC Real Estate Industry Asks Judge to Block New Broker Fee LawNJ Transit Strike Would Be ‘Disaster’ for Region, Sherrill SaysIceland Plans for a More Volcanic FutureVail to Borrow Muni Debt to Eas