EUR/USD
1.16595
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Gold
4635.36
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84.903
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159.353
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Real-time News
Canaton Press: Raises target price for Workday (WDAY.O) to $225 from $200.On August 25th, CNBC reported that Porsche has signed a five-year cooperation agreement worth €1.25 billion (approximately $1.46 billion) with Tata Consultancy Services (TCS), Indias largest information technology services company, for collaboration in the field of artificial intelligence. TCS will establish a dedicated center to oversee the application of AI technologies by Porsche. As part of the agreement, Porsche will transfer its IT consulting business to TCS for approximately €320 million.On August 25th, Masahiko Loo, senior fixed-income strategist at State Street Investment Management, stated that the U.S. Treasurys potential use of its cash reserves "can buy time, but it cannot buy fiscal credit." CNBC, citing two senior Treasury officials, reported that the Treasury may use its general account to fund the increased Treasury repurchases announced last week. "Repurchase operations may improve market conditions and temporarily stabilize the (Treasury yield) curve, but they do not reduce the debt burden itself, nor can they fully offset fiscal concerns, AI-driven capital needs, and the long-term refinancing risks arising from over-reliance on short-term Treasury issuance."Pakistans Interior Minister: The meeting with the Iranian president ended on a "very positive note".Pakistans Interior Minister: Pakistan and Iran discussed reviving the Islamabad Memorandum of Understanding to resolve the conflict. The talks with Iran focused on Middle East tensions and the path to peace.
