Category: Investing.com
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Asia FX weakens, dollar at over 2-mth high on bets of smaller rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Tuesday, while the dollar held steady at its highest level in more than two months amid continued bets that the Federal Reserve will cut interest rates at a slower pace. Comments made by Federal Reserve officials have reinforced this idea, especially after recent…
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EnLink Midstream Declares Quarterly Distribution By Investing.com
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Dallas, October 14, 2024 /PRNewswire/ — Inlink Midstream, LLC (NYSE:NYSE:) (EnLink) today announced a quarterly dividend for the third quarter of 2024. EnLink’s Board of Directors announced a cash distribution of $0.1325 per common unit for the third quarter of 2024, which is unchanged from the distribution for the second…
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McDonald’s stock sizzles to an all-time high of $307.02 By Investing.com
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McDonald’s Corporation (NYSE:) shares rose to a new all-time high, hitting a staggering price of $307.02. This achievement underscores the fast food giant’s strong performance amid a challenging economic environment. Over the past year, McDonald’s has seen its stock value rise by a staggering 23.56%, reflecting investor confidence in the…
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USD/CNY volatility likely – BOA By Investing.com
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Investing.com – Bank of America takes a look at the pair, seeing potential volatility ahead. At 07:55 EDT (11:55 GMT), the USD/CNY was trading 0.3% higher at 7.0849, up 1% over the past week. “We continue to believe that the upcoming US elections on November 5 and the accompanying tariff…
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Dollar remains supported ahead of Fed speakers; euro awaits ECB decision By Investing.com
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Investing.com – The US dollar rose on Monday, holding on to recent gains as traders digested more stimulus announcements from China ahead of comments from a number of Federal Reserve officials. At 04:00 EST (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Arctech’s Cutting-edge Cleaning Robot and Solar Tracking Technologies at REI 2024 Receive Great Attention By Investing.com
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Delhi, India, October 14, 2024 /PRNewswire/ — From From 3 to 5 OctoberArctech, a global leader in providing solar tracking and racking solutions, participated in the Renewable Energy India (REI) Expo in Greater Noida, Delhi, India. The extraordinary India The team introduced four main products: the 1P SkyLine II solar…
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Australia stocks higher at close of trade; S&P/ASX 200 up 0.47% By Investing.com
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Investing.com – Australian shares rose after the close on Monday, as gains in the equities sector led shares higher. At the close in Sydney, the index rose by 0.47%. The best performers of the session were Abyan Limited (ASX:), which rose 8.29%, or 0.18 points, to 2.35 at close. Meanwhile,…
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Asia FX muted with focus on China stimulus; yuan weakens on soft inflation By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Monday, as traders digested moderate signals from China on its fiscal stimulus plans, while the yuan fell after weaker-than-expected inflation data. The dollar rose slightly, with focus shifting to a slew of Federal Reserve spokesmen this week for further signals on…
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Asia stocks rise; China volatile amid fiscal stimulus talk, weak inflation By Investing.com
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Investing.com — Asian stocks were mostly higher on Monday, while Chinese markets recorded heavy volatility after Beijing gave somewhat mediocre signals on its plans to distribute fiscal stimulus, as inflation data from the country was disappointing. Asian trading volumes were somewhat slow due to the Japanese market holiday. Regional markets…
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Oil-Dri reports record sales, integrates Ultra Pet acquisition By Investing.com
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Oil-Dri Corporation of America (NYSE: ODC) reported record consolidated net sales of $437.6 million for fiscal year 2024, a 6% increase from the previous year. The company successfully integrated its acquisition of Ultra Pet, which contributed $4 million in net sales and $200,000 in pre-tax income in its first quarter…
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Fastenal reports 3.5% net sales rise, eyes $10 billion revenue By Investing.com
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Fastenal Company (NASDAQ: NASDAQ:) reported a 3.5% increase in net sales and a 1% rise in earnings per share to $0.52 in its Q3 2024 earnings call. The industrial supply company’s daily sales rate grew by 1.9%, despite disruptions from Hurricane Helene. Key Takeaways • Net sales increased by 3.5%…
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Israel stocks higher at close of trade; TA 35 up 0.80% By Investing.com
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Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Tel Aviv, it rose by 0.80%. The best performers of the session were Kamtek Ltd (TASE:), which rose 6.98% or 2,080.00 points to reach 31,880.00 at the…
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.63% By Investing.com
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Investing.com – Saudi stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Saudi Arabia, the stock rose by 0.63%. Among the leading stocks today, the stock of Fawaz Abdulaziz Al Hokair Company (Tadawul:) emerged, whose value rose 9.98%, or…
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Bank7 Corp reports record earnings, raises dividend By Investing.com
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Bank7 Corp (NASDAQ: NASDAQ:) reported record earnings and EPS for both the third quarter and year-to-date, according to President and CEO Tom Travis during the company’s recent earnings call. The bank’s strong performance was attributed to robust capital levels and a disciplined approach to managing a matched balance sheet. Key…
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Are emerging markets finally a buy? By Investing.com
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Investing.com – Emerging markets have long been drawn by the potential for rapid growth and diversification benefits, but investors have often been put off by the volatility and structural risks associated with them. However, with shifts in global economic fundamentals and financial dynamics, a new assessment is warranted. So, are…
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What are the potential impacts on leisure stocks from Hurricane Milton Sun By Investing.com
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Investing.com – In a Wednesday note to clients, Morgan Stanley analysts discussed the potential impacts on recreational stocks from Hurricane Milton Sun, a Category 5 storm approaching Florida. According to the Wall Street firm, the impact is expected to be mixed across different companies in the entertainment sector. While some…
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Whitestone REIT ‘carefully considering’ MCB’s $15/share takeover offer By Investing.com
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Investment website — Whitestone REIT (NYSE:) “will carefully consider” the $15-a-share offer that MCB Real Estate formally made earlier this week, the company told Investing.com exclusively. “As a fiduciary, the Board of Directors will carefully consider the proposal we received from MCB Real Estate to determine whether it is in…
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Whitestone REIT ‘carefully considering’ MCB’s $15/share takeover offer By Investing.com
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Investment website — Whitestone REIT (NYSE:) “will carefully consider” the $15-a-share offer that MCB Real Estate formally made earlier this week, the company told Investing.com exclusively. “As a fiduciary, the Board of Directors will carefully consider the proposal we received from MCB Real Estate to determine whether it is in…
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Can the Government save US ecommerce from Temu and Shein? By Investing.com
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Investing.com – The US government is now facing a growing e-commerce challenge: the growing influence of Chinese retail giants Temu and Shein. Both platforms have revolutionized the US market with their ultra-low-cost products and unique consumer-to-manufacturer business models, providing huge price advantages over local competitors. With the recent proposals made…
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Dollar at Crossroads as Trump or Harris White House Looms By Investing.com
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Investing.com – The upcoming US elections may be a crossroads for the dollar, as a Trump win is likely to initially strengthen the US currency, while a Harris win could lead to short-term weakness, but experts warn against betting on any immediate win. . -The movement in results is likely…