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FTSE 100, DAX 40 and S&P 500 Head Back Towards Record Highs
FTSE 100, DAX 40 and S&P 500 Head Back Towards Record Highs
May 20, 2024
Major Indices Roundup: FTSE 100 stretches out ahead of prominent BoE speechesDAX hints at shorter-term downside pressureSP 500 eases but remains at elevated levels - Nvidia reports earnings on WednesdayIndices currently evolve as trending markets but comes a point when this may change. Discover the different market conditions and how to effectively approach them: Recommended by Axel Rudolph Recommended by...
Dollar under pressure ahead of Fed remarks
Dollar under pressure ahead of Fed remarks
May 20, 2024
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and heading for five-week lows as US treasury yields fell as well. Recent weak inflation data from the US bolstered the case for at least two Fed rate cuts this year. To reassess these odds, investors are waiting for important speeches by Fed officials...
Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ
Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ
May 20, 2024
Aussie Dollar (AUD/USD, AUD/NZD) Analysis AUD in focus ahead of the RBA minutes as risk assets march onRBNZ highly unlikely to move on rates as inflation remains above targetMain risk events: RBA minutes, RBNZ rate decision, Fed speakersThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education...
Aussie backs off four-month high despite RBA's aggressiveness
Aussie backs off four-month high despite RBA's aggressiveness
May 20, 2024
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, extending losses for the second straight day against the dollar and moving away from a four-month peak on profit-taking. The decline came despite the rather aggressive meeting minutes released by the Reserve Bank of Australia, which hurt the odds of rate cuts this year, with...
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Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Friday; BlackBerry, Super Micro Computer to Decline
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Friday; BlackBerry, Super Micro Computer to Decline
Oct 2, 2024
06:56 AM EDT, 09/27/2024 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Friday's opening bell. Tesla (TSLA) advanced by 0.7% in pre-bell hours, swinnging from a 1.1% decline at Thursday's close. Alibaba Group Holding ( BABA ) was up 1% premarket, following a 10.1% increase from the previous session. AST SpaceMobile (...
US STOCKS-Futures dip as investors gear up for key inflation report
US STOCKS-Futures dip as investors gear up for key inflation report
Oct 2, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Bristol-Myers Squibb ( BMY ) gains after FDA approves schizophrenia drug * Costco Wholesale ( COST ) slips after Q4 revenue misses estimates * Futures off: Dow 0.05%, S&P 500 0.12%, Nasdaq 0.26% (Updated at 6:58 a.m. ET/1058 GMT)...
TREASURIES-US yields fall after moderating inflation data
TREASURIES-US yields fall after moderating inflation data
Oct 2, 2024
NEW YORK, Sept 27 (Reuters) - U.S. Treasury yields extended their decline on Friday after data showed inflation in the world's largest economy continued to ease, boosting the chances of an outsized interest rate cut at the November meeting. The benchmark 10-year yield fell 2.9 basis points (bps) to 3.76%, while the two-year yield slid 2.9 bps to 3.596%. Data...
Sector Update: Financial Stocks Advance Pre-Bell Friday
Sector Update: Financial Stocks Advance Pre-Bell Friday
Oct 2, 2024
09:12 AM EDT, 09/27/2024 (MT Newswires) -- Financial stocks were advancing pre-bell Friday with the Financial Select Sector SPDR Fund ( XLF ) 0.3% higher recently. The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.5% lower. Prudential (PUK) shares were up...
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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...
Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
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...
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...
Dutch PM to meet China's Xi amid strain over chip export policy
Dutch PM to meet China's Xi amid strain over chip export policy
Mar 22, 2024
AMSTERDAM, March 22 (Reuters) - The Netherlands' prime minister will travel to China next week for a meeting with Chinese President Xi Jinping on economic ties, the Dutch government said on Friday, a meeting that is likely to be strained over computer chip export policy matters. The Dutch government this year began denying licenses for ASML, the biggest supplier of...
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What's Going On With Affirm Holdings Stock?
What's Going On With Affirm Holdings Stock?
Apr 8, 2024
Affirm Holdings, Inc. ( AFRM ) shares closed higher Monday, though the stock remains down by nearly 12% over the past month. What To Know: Needham analyst Kyle Peterson initiated coverage on Affirm Holdings ( AFRM ) with a Hold rating last week, and the analyst highlighted Affirm as a long-term winner in the buy-now pay-later space. However, he noted...
Harley-Davidson Ratifies New Agreements With Unions at Wisconsin Facilities
Harley-Davidson Ratifies New Agreements With Unions at Wisconsin Facilities
Apr 8, 2024
04:21 PM EDT, 04/08/2024 (MT Newswires) -- Harley-Davidson ( HOG ) said Monday that it ratified new collective bargaining agreements with three employee unions at its Wisconsin manufacturing facilities. The unions include the United Steelworkers Local 2-209, the International Association of Machinists and Aerospace Workers Lodge 78 at the Menomonee Falls facility. The third union, United Steelworkers Local 460, represents...
Credo Technology Group Holding Insider Sold Shares Worth $660,450, According to a Recent SEC Filing
Credo Technology Group Holding Insider Sold Shares Worth $660,450, According to a Recent SEC Filing
Apr 8, 2024
04:22 PM EDT, 04/08/2024 (MT Newswires) -- William Joseph Brennan, Director, President & Chief Executive Officer, on April 04, 2024, sold 30,000 shares in Credo Technology Group Holding ( CRDO ) for $660,450. Following the Form 4 filing with the SEC, Brennan has control over a total of 3,007,500 shares of the company, with 3,007,500 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1807794/000162828024015255/xslF345X03/wk-form4_1712607468.xml...
Norwegian Cruise orders eight new ships, biggest order in its history
Norwegian Cruise orders eight new ships, biggest order in its history
Apr 8, 2024
NEW YORK, April 8 (Reuters) - Norwegian Cruise Line Holdings ( NCLH ) has placed the largest ship order in its history to meet the growing demand for cruise travel, the cruise operator said on Monday. The company will order eight new ships across the company's three brands, scheduled for delivery between 2026 and 2036, executives told Reuters, without giving...
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