Category: Cuts
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Goldman Sachs now sees three consecutive Fed rate cuts this year
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Goldman Sachs economists now expect the Fed to cut rates by 25 basis points at each of the three remaining meetings this year. They previously expected two rate cuts. “Today’s report suggests that the slowdown in labor market conditions has now gone beyond what was welcome,” Goldman notes. In addition,…
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Berkshire Cuts Apple Stake by Almost Half in Selling Spree
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(Bloomberg) — Berkshire Hathaway Inc. cut its stake in Apple Inc. by about 50% as part of a massive second-quarter selling spree that left billionaire Warren Buffett’s cash pile at a record $276.9 billion. Most Read from Bloomberg In all, Berkshire Hathaway sold $75.5 billion worth of shares on a…
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Citigroup forecasts 50 basis point cuts in September and November
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Forexlive Americas FX news wrap 2 Aug: Bond market cuts rate for Fed after weak jobs data
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After some amazing earnings/revenue numbers from Amazon after the shutdown (revenue declines and slower consumer concerns), and a day of bad news yesterday, markets got another dose of “weakness” today in the US jobs report. The US nonfarm payrolls report for July 2024 showed a gain of just 114,000 jobs,…
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JPMorgan cuts Booking Holdings shares target, cites slower bookings growth By Investing.com
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On Friday, JPMorgan Chase revised its price target on Booking Holdings Inc. (NASDAQ:BKNG) shares to $3,860, down from $4,025, while maintaining an “overweight” rating on the stock. The company’s analysis cited a mix of results from the company’s second-quarter performance and future expectations. Booking Holdings reported a 7% year-over-year increase…
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JPMorgan cuts Booking Holdings shares target, cites slower bookings growth By Investing.com
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On Friday, JPMorgan Chase revised its price target on Booking Holdings Inc. (NASDAQ:BKNG) shares to $3,860, down from $4,025, while maintaining an “overweight” rating on the stock. The company’s analysis cited a mix of results from the company’s second-quarter performance and future expectations. Booking Holdings reported a 7% year-over-year increase…
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Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026 By Reuters
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By Patrick Wingrove and Leroy Liu (Reuters) – Moderna Inc on Thursday cut its 2024 sales forecast for its COVID-19 and respiratory syncytial virus vaccines by about 25%, or $1 billion, due to lower COVID sales to the European Union that it expects to continue through 2026. Shares of the…
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Bank of England cuts interest rates to 5% in first reduction since 2020
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The Bank of England has cut interest rates for the first time in more than four years, providing much-needed relief to millions of homeowners and families still struggling with the high cost of living. In a controversial decision announced at midday, the nine-member Monetary Policy Committee voted 5-4 to cut…
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Marriott cuts 2024 sales view on China drag, slower North American demand By Reuters
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(Reuters) – Hotel operator Marriott International Inc (NASDAQ:MRX) lowered its 2024 room revenue growth forecast on Wednesday, citing a weaker operating environment in China and expectations of weaker demand in North America. The company’s shares fell 4.7% before the bell. Marriott expects its revenue per available room (RevPAR), an important…
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Yen choppy after BOJ hikes, Aussie struggles as RBA cuts eyed By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The yen swung between gains and losses on Wednesday after the Bank of Japan raised interest rates at the end of its two-day policy meeting and unveiled a detailed plan to scale back its massive bond-buying programme. The yen rose about 0.8% to…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1
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The Federal Open Market Committee (FOMC) meets on the 30th and 31st: Statement due at 1400 ET (1800 GMT) Fed Chair Powell’s press conference is in half an hour. Deutsche Bank expects nothing at this week’s meeting: First 25bp cut in September This was followed by a 25 basis point…
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China cuts 1 and 5 year loan prime rates by 10 basis points each
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Dow surges 742 points and small caps rally as investors bet big on Fed rate cuts
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The Dow Jones rose more than 700 points on Tuesday.Getty Images The Dow Jones rose more than 700 basis points on Tuesday. Small-cap stocks saw the biggest gain as bets on lower interest rates helped drive rotation to other parts of the market. Retail sales also encouraged investors, easing concerns…