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Euro (EUR/USD) Weakens After German PMIs Disappoint, Rate Cut Expectations Rise
Euro (EUR/USD) Weakens After German PMIs Disappoint, Rate Cut Expectations Rise
Jul 24, 2024
Euro (EUR/USD) Weakens After German PMIs Disappoint, Rate Cut Expectations Rise German PMIs miss forecasts, manufacturing sector weakens further.Euro slips lower as rate cut expectations increase. Recommended by Nick Cawley Trading Forex News: The Strategy For all high-importance data releases and events, see the DailyFX Economic Calendar According to the latest HCOB flash PMIs, ‘Germany’s private sector economy slipped back...
Meta Q2 2024 Earnings Preview: Steady Growth and a Focus on its AI Story
Meta Q2 2024 Earnings Preview: Steady Growth and a Focus on its AI Story
Jul 23, 2024
When will Meta report its latest earnings? Meta is scheduled to report its second quarter (Q2) earnings after the market closes on Wednesday, July 31st, 2024. What should traders look out for? Last quarter, Meta reported a revenue beat of $36.46 billion vs. $36.16 billion expected and an EPS beat of $4.71 per share vs. $4.32 expected. The company reported...
Tesla stock price slumps after Q2 earnings​​​​​​​
Tesla stock price slumps after Q2 earnings​​​​​​​
Jul 25, 2024
​​​Profit slump and financial performance ​Tesla's second-quarter profits for 2024 plummeted by 45%, with net income falling to $1.47 billion, well below analysts' expectations of $1.9 billion. The electric vehicle giant faced headwinds from slower sales, increased costs due to employee layoffs, and significant investments in artificial intelligence infrastructure. ​Despite these challenges, revenues rose 2% to $25.5 billion, narrowly exceeding...
Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market Strategy
Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market Strategy
Jul 25, 2024
Article written by Tony Sycamore, Market Analyst for IG Australia When will Apple report its latest earnings? Apple is scheduled to report its third quarter (Q3) earnings on Thursday, August 1, 2024. Key Financial Metrics Last quarter (Q2), Apple reported a revenue beat of $90.75 billion vs. $90.01 expected and an EPS beat of $1.53 vs. $1.50 estimated. The company...
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Powell Testimony, Data Eyed as US Equity Futures Turn Higher Pre-Bell
Powell Testimony, Data Eyed as US Equity Futures Turn Higher Pre-Bell
Mar 6, 2024
07:59 AM EST, 03/06/2024 (MT Newswires) -- US equity futures were higher Wednesday as traders looked ahead to the first day of Federal Reserve Chair Jerome Powell's testimony before the US Congress and data on the labor market. Dow Jones Industrial Average futures gained 0.3%, S&P 500 futures increased 0.5%, and Nasdaq futures were up 0.8%. Oil prices were higher,...
Lumen Technologies And 2 Other Stocks Under $2 Insiders Are Buying
Lumen Technologies And 2 Other Stocks Under $2 Insiders Are Buying
Mar 6, 2024
The Dow Jones index closed lower by over 400 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny...
Ciena, AutoNation And 2 Other Stocks Insiders Are Selling
Ciena, AutoNation And 2 Other Stocks Insiders Are Selling
Mar 6, 2024
The Nasdaq 100 closed lower by over 300 points on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an...
Insiders Buying FMC And 3 Other Stocks
Insiders Buying FMC And 3 Other Stocks
Mar 6, 2024
Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an...
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Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Mar 22, 2024
(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...
Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO, March 22 (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery...
Japan braces for life with interest rates after historic change
Japan braces for life with interest rates after historic change
Mar 21, 2024
TOKYO (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery that cost...
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Mar 22, 2024
The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...
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--NBA Nearing $76 Billion Deal With Amazon, ESPN, NBC, Wall Street Journal Reports
--NBA Nearing $76 Billion Deal With Amazon, ESPN, NBC, Wall Street Journal Reports
Jun 5, 2024
08:33 AM EDT, 06/05/2024 (MT Newswires) -- Price: 103.44, Change: +0.11, Percent Change: +0.11 ...
Ecarx, Tencent Deepen Collaboration to Develop Intelligent Vehicle Solutions
Ecarx, Tencent Deepen Collaboration to Develop Intelligent Vehicle Solutions
Jun 5, 2024
08:40 AM EDT, 06/05/2024 (MT Newswires) -- Ecarx Holdings ( ECX ) said Wednesday that it has deepened its collaboration with Tencent Smart Transportation to develop intelligent driving and cockpit solutions. Ecarx ( ECX ) said it will integrate its automotive intelligence solutions with Tencent's big data, cloud computing, artificial intelligence, mapping services, and infotainment ecosystems. Financial details of the...
Marathon Digital Holdings Reports Lower May Bitcoin Production
Marathon Digital Holdings Reports Lower May Bitcoin Production
Jun 5, 2024
08:34 AM EDT, 06/05/2024 (MT Newswires) -- Marathon Digital Holdings ( MARA ) said Wednesday it produced 616 bitcoins in May, down 51% from a year earlier and 27% lower compared with the output in April. The firm said it had 17,857 BTC on its balance sheet, and combined cash and bitcoin holdings were about $1.5 billion as of May...
Hewlett Packard Enterprise surges as AI-server demand powers strong results
Hewlett Packard Enterprise surges as AI-server demand powers strong results
Jun 5, 2024
(Reuters) - Hewlett Packard Enterprise ( HPE ) rose about 14% in premarket trading after the company forecast third-quarter revenue above Wall Street estimates, helped by growing demand for its AI-optimized servers. Server makers are benefiting from robust demand for AI systems provided by companies including HPE, which support power-hungry data centers amid growing investments in generative AI technology. The...
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Tornado Cash Co
Tornado Cash Co
Oct 3, 2024
Roman Storm, co-founder of Tornado Cash, will face trial on money laundering charges on December 2 in New York. This is after U.S. District Judge Katherine Polk Failla rejected his motion to dismiss three charges brought against him by the U.S. Department of Justice. (DOJ) Judge Rejects Roman Storms Defense During a remote hearing on September 26, Judge Failla ruled...
Singapore Court Grants WazirX 4
Singapore Court Grants WazirX 4
Oct 2, 2024
A Singapore court has reportedly granted a four-month moratorium to Indian cryptocurrency exchange WazirX, following the companys request for a temporary reprieve. The moratorium, however, comes with some conditions, including full transparency of the exchanges wallet addresses and financial records. Court’s Conditions This development comes after WazirX was hit by a massive hack in July, which resulted in the loss...
Shiba Inu Inks an Important Partnership to Foster the Development of Shibarium: Details
Shiba Inu Inks an Important Partnership to Foster the Development of Shibarium: Details
Oct 2, 2024
TL;DR Shiba Inu collaborates with Zama to integrate Fully Homomorphic Encryption (FHE) into its Shibarium layer-2 solution, aiming to enhance data privacy and security for transactions and smart contracts. Despite the development, SHIB’s price fell by over 6% in the past 24 hours. However, it remains up on a two-week scale due to recent rallies. Shiba Inus Latest Collaboration Shibariums...
Bitcoin Funding Rate Near Zero, Indicating Room for Growth
Bitcoin Funding Rate Near Zero, Indicating Room for Growth
Oct 2, 2024
Bitcoin appears to have defied the historical trend of negative return for September, with almost 9% in gains for the month. At the time of writing, Bitcoin is trading above $64,000. As such, experts are now betting on a more favourable market conditions and a continued bullish trend for the worlds leading crypto asset. Room For Growth According to the...
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