Tag: market

February 19, 2024

US equity and bond markets are closed for the day – US Presidents’ Day holiday – and this will weigh on market activity across a range of asset classes. Activity over the rest of the week should pick up with […]

February 15, 2024

Chinese automaker BYD has set its sights on Mexico as its quest for global expansion turns toward North America. The Shenzhen-based car company, whose rapid growth has made it one of the world’s largest electric-vehicle sellers, is scouting locations in […]

February 15, 2024

Global Payments has attracted headlines this week over potential acquisitions it might make, but in an earnings call with analysts CEO Cameron Bready was more ready to talk about parts of the company that might be pared. In addressing “potential […]

February 14, 2024

Eversource Energy (ES) has announced its exit from the offshore wind business, selling its 50% stake in two projects for $1.1 billion amid industry challenges. Despite a reported loss of $1.26 per share in 2023, mainly due to a $5.58 […]

February 13, 2024

Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures […]

February 13, 2024

Gold prices (XAU/USD) plunged and reached their weakest point in two months on Tuesday after higher-than-anticipated U.S. CPI data sparked a hawkish repricing of Fed interest rate expectations, boosting U.S. Treasury yields and the U.S. dollar across the board. With […]

February 12, 2024

Oil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus. Prices […]

February 9, 2024

Cross-border payments player Western Union and rival Euronet Worldwide are both increasingly counting on their faster-growing digital services to fuel the expansion of their businesses. The money transfer companies earn revenue from providing services that let consumers send money domestically […]

February 9, 2024

The UK’s largest retailer, which had been in discussions with other major lenders including HSBC and Lloyds over a deal, said all 2,800 staff at Tesco Bank would transfer to Barclays under the agreement over time. The sale only includes […]

February 8, 2024

The Energy Information Agency (EIA) reported another storage drawdown in Cushing Oklahoma but the latest drop was minor. Nevertheless, it extends the run of drawdowns to 5 successive prints but has struggled to meaningfully propel oil prices higher. Drawdowns imply […]

February 7, 2024

The quiet period after the festive Christmas period has, according to data going back to 2007, witnessed very modest returns for the S&P 500. In fact, over the same time horizon, it represents the third worst month for the index. […]

February 6, 2024

Infineon (OTC:IFNNY) Technologies AG (IFX) has reported a decline in revenues and adjusted its forecast for the fiscal year 2024, citing a challenging market environment and inventory adjustments. During its recent earnings call, the semiconductor manufacturer detailed a quarter-over-quarter revenue […]

February 5, 2024

European shares closed lower on Monday, as government bond yields across the continent jumped on lower expectations about imminent interest rate cuts by major central banks, eclipsing gains brought by some upbeat corporate reports. The pan-European STOXX 600 index ended […]

February 5, 2024

The U.S. dollar, as measured by the DXY index, extended its gains and was sharply higher on Monday, bolstered by surging U.S. Treasury yields in the wake of strong economic numbers and hawkish Federal Reserve rhetoric in recent trading sessions. […]

February 2, 2024

The latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure was also revised higher to 333k from 216k. The closely watched […]

February 1, 2024

The Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]

January 31, 2024

The U.S. and China had a “productive” first day of talks in Beijing about the fentanyl crisis, Jennifer Daskal, a deputy homeland security advisor, told NBC News’ Janis Mackey Frayer in an exclusive interview Tuesday. “We’re looking for results and […]

January 31, 2024

​The tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. ​The surge in Meta’s […]

January 30, 2024

Brent crude oil was making a marvelous recovery since it consolidated in the early days of 2024 but such upward momentum has not only stalled, but cut back somewhat. After breaching the $83.50 mark, UK oil trade softened, closing around […]

January 30, 2024

Shop prices rose at their slowest rate in more than 18 months in January, according to the British Retail Consortium (BRC). Discounts and lower prices for milk and tea saw shop price inflation fall to 2.9%, from 4.3% in December. […]