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Euro edges up ahead of busy day in US markets
Euro edges up ahead of busy day in US markets
Jun 12, 2024
Euro rose in European trade on Wednesday for the first time in four sessions against the US dollar away from recent-six week lows, with the pair still under pressure from mounting EU political risks. The euro is taking a stand ahead of a busy day in US markets with many events that will impact trends worldwide. The Price The EUR/USD...
Dollar gives up five-week high ahead of inflation data, Fed's decisions
Dollar gives up five-week high ahead of inflation data, Fed's decisions
Jun 12, 2024
The dollar fell in European trade on Wednesday against a basket of major rivals, giving up five-week highs and on track for the first loss in four days on active profit-taking, while US 10-year treasury yields slowed down. The decline comes ahead of an important and busy day in US markets, with US inflation data and policy decisions by the...
Fed holds interest rates unchanged, but expects a single rate cut in 2024
Fed holds interest rates unchanged, but expects a single rate cut in 2024
Jun 12, 2024
The Federal Reserve announced a decision to maintain interest rates unchanged between 5.25% and 5.5% at the June 11-12 meeting, maintaining them at 23-year highs. The Feds policy statement explains that the Federal Open Market Committee considers the risks facing achieving better employment and inflation goals are moving towards a better balance, but the economic outlook remains uncertain. More crucially,...
US Dollar Index Slumps as Inflation Data Comes in Lower Than Expected
US Dollar Index Slumps as Inflation Data Comes in Lower Than Expected
Jun 12, 2024
US Dollar Index Slumps as Inflation Data Comes in Lower Than Expected US inflation fell unexpectedly in MayUS dollar slumps post-release. Recommended by Nick Cawley Trading Forex News: The Strategy The latest US inflation report showed price pressures easing by more than forecast, with all headline numbers coming in below expectations and last month’s numbers. The move lower in core...
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Analyst Expectations For Q2 Holdings's Future
Analyst Expectations For Q2 Holdings's Future
Jul 24, 2024
In the last three months, 12 analysts have published ratings on Q2 Holdings ( QTWO ) , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat...
CrowdStrike says bug in quality control process led to botched update
CrowdStrike says bug in quality control process led to botched update
Jul 24, 2024
LONDON, July 24 (Reuters) - A CrowdStrike ( CRWD ) software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday. Friday's outage happened because CrowdStrike's ( CRWD ) Falcon Sensor, an advanced platform that protects systems...
AT&T beats estimates for subscriber additions on demand for higher-priced plans
AT&T beats estimates for subscriber additions on demand for higher-priced plans
Jul 24, 2024
July 24 (Reuters) - AT&T ( T ) exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as the telecom operator's higher-tier unlimited plans attracted customers. The company added 419,000 monthly bill-paying wireless phone subscribers, compared with expectations of 284,800 additions, according to five analysts polled by FactSet. AT&T's ( T ) unlimited plans that are...
EXCLUSIVE: Perfect Corp's Q2 Revenue Jumps 9.6%, YouCam App Subscribers Hit Record High
EXCLUSIVE: Perfect Corp's Q2 Revenue Jumps 9.6%, YouCam App Subscribers Hit Record High
Jul 24, 2024
Perfect Corp ( PERF ) announced financial results for the three months ended June 30, 2024, the second quarter. Total revenue was $13.9 million, compared to $12.7 million year ago, an increase of 9.6%. The increase was primarily due to growth in the revenue of AI- and AR-cloud solutions and mobile app subscriptions. Gross profit was $11.0 million compared with...
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Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
FedEx jumps on profit beat, improved margins in its largest unit
FedEx jumps on profit beat, improved margins in its largest unit
Mar 22, 2024
(Reuters) - FedEx ( FDX ) shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit. Shares of the company rose 12.4% to $297.75 before the bell, with rival UPS up 3.5%. FedEx ( FDX ) has taken several measures to protect margins...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
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Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Hacker Transfers $10M from 2023 Phishing Attack to Tornado Cash: CertiK
Mar 22, 2024
Phishing scams have wreaked havoc in the digital asset ecosystem and are making a comeback amidst market-wide recovery. These attacks have grown increasingly sophisticated, leading to high-profile crypto investors, whales, and prominent industry figures becoming victims, ultimately resulting in substantial financial losses. In its latest update on March 21st, CertiK identified a deposit of 3,700 ETH into Tornado Cash on...
Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea
Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea
Mar 21, 2024
After a series of back-and-forths regarding Do Kwons extradition, it appears that the Terraform Labs co-founder and former CEO may finally be handed over to South Korean authorities after the Appellate Court of Montenegro confirmed a previous decision to extradite him to his native country. Terraform Labs’ Chief Executive Officer, who was arrested in March 2023 with Kwon in Montenegro,...
This Trending Meme Coin Explodes 50% Daily: Details
This Trending Meme Coin Explodes 50% Daily: Details
Mar 22, 2024
TL;DR Meme coins on the Solana blockchain have shown potential for high profits, with instances of substantial investment returns highlighted. Despite these opportunities, the inherent volatility of meme coins underscores a considerable risk of losses. Meme coins built on the Solana blockchain have been thriving in the past several months, with the sector spewing new ones quite frequently. Todays best...
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Bitcoin Struggles at $66K; Ripple’s XRP Defies Bearish Momentum (Market Watch)
Mar 22, 2024
The cryptocurrency market has failed to recover as swiftly as many expected it to, and Bitcoins price seems to be struggling to break above $66K definitively. Most of the altcoins are also trading in the red, with two notable exceptions. Bitcoin Fails at $66K As seen in the chart below, Bitcoins price was unable to retain its bullish momentum that...
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