Category: News

September 29, 2023

The latest data out from the U.S. Bureau of Economic Analysis on personal consumption expenditures was released this morning. Disposable personal income(DPI), personal income less personal current taxes, increased $46.6 billion (0.2 percent) andpersonal consumption expenditures(PCE) increased $83.6 billion (0.4 […]

September 29, 2023

Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its […]

September 28, 2023

MSCI’S global equities ended Friday’s choppy session slightly lower as investors prepared for a likely U.S. government shutdown and adjusted portfolios for the quarter’s end. Hardline Republicans in the U.S. House of Representatives on Friday afternoon rejected their leader’s proposed […]

September 27, 2023

Sirius XM — Shares of the media company fell roughly 2% in premarket trading. A day earlier, Liberty Media proposed combining the Sirius XM tracking stock with the radio company. A special committee composed of board members of Sirius XM […]

September 26, 2023

The chancellor is reportedly planning a radical shake-up of ISAs to encourage people to take advantage of the tax-free products, and boost investment in UK companies. According to a report in the Financial Times, Jeremy Hunt is considering introducing an […]

September 26, 2023

Fisker — Shares of the vehicle development company surged 4.1% during premarket trading after Bank of America reinstated coverage with a buy rating. BofA said Fisker offers investors “pure-play exposure to the rapidly growing EV market” and that it has […]

September 25, 2023

In Monday’s trading, Indian stock markets ended with minimal changes, breaking a four-session losing streak. The BSE Sensex added 14.54 points to close at 66,023.69, while the NSE Nifty50 rose by 0.30 points to end the day at 19,674.55. The […]

September 22, 2023

AstraZeneca — Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer. Wayfair — Shares gained […]

September 22, 2023

Ford — Shares popped about 2% in midday trading after a CNBC report said both Ford and the United Auto Workers union are making headway on negotiations as the strike continues. Squarespace — The website builder popped 4.2% after UBS […]

September 21, 2023

Most Asian stocks moved in a flat-to-low range on Friday as markets continued to fret over rising interest rates, while Japan’s Nikkei trimmed some early losses after the Bank of Japan offered no changes to its ultra-dovish policy. Regional markets […]

September 20, 2023

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on July 26. Text removed from the July statement is in red with a horizontal line through the middle. […]

September 20, 2023

The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if realized, […]

September 15, 2023

Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in decades. The downturn was driven by high inflation, a depreciating currency and lower […]

September 12, 2023

Asian shares were subdued after Wall Street wobbled overnight with markets bracing for key U.S. inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook. The euro edged higher and […]

September 7, 2023

China’s central bank extended its gold-buying spree to the 10th straight month as the world’s second-largest economy seeks to move away from its reliance on dollar reserves. The People’s Bank of China’s stockpile of the precious metal climbed by 29 […]

September 6, 2023

A buoyant dollar pushed the yen to a 10-month trough on Thursday and kept the euro and sterling pinned near three-month lows, as investors placed their faith in a still-resilient U.S. economy even amid a dour global growth outlook. The […]

September 5, 2023

Saudi Arabia and Russia announced that the oil production cuts, starting in July and extending into August and September, are to continue into the end of the year. The news sent already elevated oil markets even higher as the cuts […]

September 5, 2023

At the start of pay negotiations, which take place every four years ahead of the expiry of existing contracts in September, the leaders of the big three US carmakers traditionally shake hands in front of the cameras with the leader […]

August 31, 2023

USD/JPY (U.S. dollar – Japanese yen) rallied strongly from mid-July through late August, but its bullish momentum has begun to fade over the past few sessions after prices failed to clear channel resistance at 147.35. Following this rejection, the pair […]

August 31, 2023

U.S. stock indexes settled for a mixed close and benchmark Treasury yields rebounded after a U.S. jobs report showed an uptick in unemployment, cementing expectations that the Federal Reserve will let interest rates stand at its September meeting. The three […]