Tag: Featured

July 25, 2024

Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June […]

July 24, 2024

In a notable downturn, BAER shares have reached a 52-week low, trading at a price of $2.83. This marks a significant dip for the company, which has been grappling with a challenging market environment. The low price level reached is […]

July 23, 2024

Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This […]

July 23, 2024

Gauge market dynamics by examining sentiment indicators, position ratios, price fluctuations, and technical signals to determine prevailing bullish or bearish trends. Recent market data indicates notable performance variations among key currencies, with the Japanese yen showing relative strength while the Australian dollar underperforms. The […]

July 22, 2024

Gauge market dynamics by examining sentiment indicators, position ratios, price fluctuations, and technical signals to determine prevailing bullish or bearish trends. FTSE 100 Retail Trader Data: Mixed Outlook Analysis of retail trader positioning reveals a slight bearish tilt, with 48.54% of […]

July 18, 2024

Average house prices rose by their highest level so far this year during May in a sign of buyer confidence, at least ahead of the general election, Office for National Statistics (ONS) data shows. The latest ONS house price index […]

July 17, 2024

The annual rate of inflation came in at 2% in June. This marks no slowdown compared to May, when the Consumer Prices Index (CPI) hit the Bank of England’s target for the first time in almost three years. The largest […]

July 16, 2024

Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees. Here’s what the company reported: Earnings: 83 cents a share vs. 80 cents a share LSEG estimate Revenue: $25.54 billion […]

July 16, 2024

The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack. The upgrade – which takes expected […]

July 15, 2024

Gold has appreciated, buoyed by last week’s lower US CPI data with the path of least resistance to the upside. The precious metal thrives in a low interest rate environment and the mere anticipation of a rate cut from the Fed in […]

July 11, 2024

After stalling in April, the UK economy grew 0.4% in May. This was double the rate economists were expecting, based on a poll from Reuters. On a three-month basis, the economy grew 0.9% – the strongest figure since January 2022. The […]

July 10, 2024

China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer price index was expected to rise by 0.4% […]

July 9, 2024

BP CEO Murray Auchincloss says the group has stopped bidding on new offshore wind projects in order to simplify operations and reduce costs, says Emma Powell in The Times. At the same time, BP will spend more on new oil and gas assets, particularly […]

July 8, 2024

Devon Energy DVN -1.08% has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion. The Oklahoma City-based Devon said Monday that it would pay $3.25 billion in cash and $1.75 billion […]

July 8, 2024

Danish brewer Carlsberg CARL.A 3.47% agreed to buy London-listed soft drinks maker Britvic BVIC 4.55% for 3.3 billion pounds, or about $4.23 billion, as part of a plan to expand in the non-alcoholic beverage market and reduce reliance on beer sales. Carlsberg, which brews its namesake lager […]

July 3, 2024

Gold prices rose on Wednesday as the latest speech from Federal Reserve Chair Jerome Powell fed hopes that the next interest-rate move will be a cut, even if the timing remains uncertain. Speaking on Tuesday Powell said efforts to reduce price pressures […]

July 2, 2024

Battery maker LG Energy Solution 373220 -1.01% and Australian lithium company Liontown Resources LTR 7.30% will jointly consider developing a refinery for producing battery-grade lithium, as companies plot new supply chains that bypass China even amid a collapse in prices for the critical mineral. The collaboration is part […]

July 1, 2024

Economic activity in the US manufacturing sector contracted in June for the third straight month, and the 19th time in the last 20 months, according to the latest ISM manufacturing report. According to Timothy Fiore, chair of the Institute for Supply […]

July 1, 2024

The latest data from Nationwide revealed house prices are up 0.2% in June on a monthly basis, when adjusted for seasonal effects. Meanwhile, prices are up 1.5% year-on-year. The average house in the UK now costs £266,064. Prices are now […]

June 26, 2024

European stocks fell on Thursday as traders were cautious ahead of key inflation data, while markets were also on alert for signs of Japanese authorities intervening in the yen after further declines in the currency. Investors have become more worried […]