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Tag: Featured


Energy, Industries

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

March 27, 2024

Via: DailyFX

Crude Oil Prices look set to make Wednesday a second day of falls as the market still looks keen on taking some profit after this month’s rise to highs not seen since October. News that US stockpiles increased very markedly […]


Enterprise, Finance Tech, Industries, Trading

Tesla stock sell rating affirmed, price target at $23.53 on weak demand

March 26, 2024

Via: Investing.com

Tuesday, GLJ Research maintained a Sell rating on Tesla shares (NASDAQ:TSLA) with a price target of $23.53, revising down its Q1 delivery estimates due to softening demand in China and the United States, coupled with sluggish European sales in recent […]


Energy, Industries

Ofgem launches consultation on future of energy price cap amid UK net zero push

March 25, 2024

Via: MoneyWeek

Ofgem has launched a review into the future of the energy price cap in a bid to ensure it continues to protect consumers in the net zero age. The energy regulator said the move towards renewable energy sources, use of […]


Finance Tech, Liquidity

Gold Price Steadies After Sharp Sell-Off, New All Time High Remains Possible

March 25, 2024

Via: DailyFX

Last week’s rally saw gold post a fresh record high before a sharp sell-off left the precious metal relatively unchanged on the week. Last week the Federal Reserve gave markets a nudge that they are likely to shave 75 basis […]


Enterprise, Finance Tech, Industries, Trading

Mizuho cuts Herbalife share price target, cites CFA John DeSimone return

March 21, 2024

Via: Investing.com

On Thursday, Mizuho Securities adjusted its outlook on Herbalife (NYSE:HLF) Nutrition Ltd. (NYSE:HLF), reducing the price target to $10 from the previous $12, while keeping a Neutral rating on the stock. This change comes in the wake of the company’s announcement on […]


Industries, Others

Average rents hit another record high while house price falls ease off

March 20, 2024

Via: Sky News

The data from the Office for National Statistics (ONS) showed no let up in the surging costs faced by renters since 2022. It reported a leap of 9% over the 12 months to February in a provisional estimate, up from […]


Financial Services, Industries

BoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY

March 19, 2024

Via: DailyFX

The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda is widely expected to end negative borrowing […]


Finance Tech, Liquidity

Gold Price Outlook: Fed May Shake Up Markets. Pullback or Rally in Store?

March 18, 2024

Via: DailyFX

Gold prices advanced on Monday, but gains were limited in a context of market caution ahead of high-impact events in the coming sessions, including the FOMC announcement on Wednesday. In this context, XAU/USD climbed approximately 0.2% in early afternoon trading […]


Finance Tech, Liquidity

Euro Higher Despite Market Worries of More Gradualist Fed

March 18, 2024

Via: DailyFX

The Euro edged higher against the United States Dollar as a new trading week began in Europe on Monday, with moves likely to remain extremely limited at least until Wednesday’s monetary policy decision from the Federal Reserve. This is always […]


Industries, Retail & Wholesale

Wholesale inflation rose 0.6% in February, much more than expected

March 14, 2024

Via: NBC News

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, […]


News

UK economy returns to growth

March 13, 2024

Via: Sky News

The measure of everything produced in the UK – a metric called gross domestic product (GDP) – rose 0.2%, the Office for National Statistics (ONS) said. It’s the first official economic growth announcement since a recession was declared last month […]


News

US Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?

March 12, 2024

Via: DailyFX

Tuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer price index survey, a key report that is anticipated to provide fresh insights into recent inflation […]


News

How to choose between a cash and stocks and shares ISA as the end of the tax year approaches

March 11, 2024

Via: MoneyWeek

There are just a few weeks left to make use of you ISA allowance and many will be questioning if they are better off putting their money into a cash or stocks and shares tax wrapper. The rates on cash […]


Finance Tech, Trading

Bitcoin hits another new high as UK regulator paves way for more crypto trading

March 11, 2024

Via: Sky News

On Monday morning one Bitcoin, the best-known cryptocurrency, could buy $72,219 (£56,303). The price of the digital asset has grown 51% in the last month alone as the so-called ‘halving’ event approaches whereby Bitcoin production will fall from 900 to […]


Energy, Industries

The AI industry is pushing a nuclear power revival — partly to fuel itself

March 7, 2024

Via: NBC News

Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. Now they have another incentive to promote it: artificial intelligence. While generative AI has […]


Enterprise, Industries

Abercrombie tops expectations for Q4 earnings and revenue, shares down

March 6, 2024

Via: Investing.com

Abercrombie & Fitch (ANF) reported better-than-expected earnings and revenue for the fiscal fourth quarter, with comparable sales and gross margin also topping expectations. ANF shares fell around 3% at the market open. The company announced its Q4 earnings per share […]


Industries, Others

China sets ambitious growth target of around 5% and announces increases in military spending

March 5, 2024

Via: Sky News

Chinese Premier Li Qiang made the announcement at the opening of the country’s annual meeting of the National People’s Congress on Tuesday, in a speech that prioritised both security and the economy. Mr Li said the government would issue 1 […]


News

Jeremy Hunt set to cut national insurance by two percentage points at budget

March 5, 2024

Via: Sky News

This cut follows a similar reduction in the levy announced in last year’s autumn statement, and comes as the Conservative government looks to set the fiscal stage for the election set to take place in the next 12 months. Cutting […]


Finance Tech, Liquidity

USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

March 4, 2024

Via: DailyFX

USD/JPY climbed upwards on Monday, rising about 0.2% to 150.36, supported by increasing U.S. Treasury yields, with the U.S. 10-year bond back above 4.20% in late morning trading in New York. This week, markets are laser-focused on a series of […]


Finance Tech, Trading

Online trading platform Webull is set to go public via a $7.3 billion SPAC deal

February 28, 2024

Via: CNBC

Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the […]