Category: Investing.com
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Canada rare earth developer Tactical Resources doubles on SPAC merger plans By Investing.com
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Vancouver-based mineral exploration and development company. Tactical Resources Shares of Plum Acquisition III Corp (TSXV:) rose Friday on news that it plans to list on the Nasdaq through a merger with a special purpose acquisition company, Plum Acquisition III Corp (NASDAQ:). Shares of Tactical Resources Corp. surged 120% on the…
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X Financial reports solid Q2 with record net income By Investing.com
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X Financial (ticker: XYF) has announced a solid performance for the second quarter of 2024, with President Kan Li expressing pleasure over the company’s significant year-on-year growth in net income, which reached a record high despite a decline in loan volume. The company’s proactive management of loan volumes, focusing on…
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Buffett’s new stock pick likely to deliver an earnings miss: Citi By Investing.com
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Warren Buffett’s latest investment in Ulta Beauty (NASDAQ:) could get off to a rocky start, according to analysts at Citi. Despite the excitement surrounding Berkshire Hathaway’s (NYSE:) new stake in the beauty retailer, Citi expects Ulta Beauty to likely miss its Q2 2024 earnings targets, citing several factors. As a…
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Dollar edges lower ahead of Jackson Hole; euro, sterling higher By Investing.com
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The US dollar fell in early European trading on Friday, as the recovery from seven-month lows faltered ahead of Federal Reserve Chairman Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes By Investing.com
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Most Asian currencies rose on Friday as the dollar’s recovery slowed ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell, where he is expected to provide further signals on interest rate cuts. The Japanese yen was the best performer in Asia, extending a rally seen earlier this…
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Asia FX weakens as dollar recovers from 3 days of losses; rate cuts in focus By Investing.com
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Most Asian currencies fell on Thursday as the dollar rose from seven-month lows amid some cheap buying, although traders remained largely biased against the greenback amid expectations of interest rate cuts. The Japanese yen retreated after posting strong gains this week, although sentiment towards Japan was supported by positive PMI…
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Lululemon stock remains attractive despite Stifel’s cautious shares target update By Investing.com
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On Thursday, Stifel, a financial services company, revised its price target for lululemon athletica (NASDAQ:) shares, lowering the previous target price of $416 to $370. Despite the price target cut, the company continues to recommend a Buy rating on the stock. This revision reflects a cautious stance on the company’s…
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Japan rises on positive PMI, others muted amid economic uncertainty By Investing.com
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Most Asian stocks rose on Thursday amid growing optimism about lower U.S. interest rates, but overall gains were limited as a downward revision to payrolls data rattled markets. Japanese stocks posted their best performance on record on the day as purchasing managers’ index data showed sustained growth in the country’s…
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Further dollar weakness not a given, EURUSD overshooting fundamentals: UBS By Investing.com
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The US dollar fell this week as stock markets recovered from early August declines, while expectations of a more dovish Federal Reserve policy continued. UBS Global Research analysts warn against assuming the US dollar will continue to fall. Although the euro has reached a new high against the US dollar…
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Japanese rates could trail yen, stock market ahead of Ueda’s testimony By Investing.com
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Bank of Japan Governor Kazuo Ueda is scheduled to speak to parliament on Friday, facing the delicate task of informing policymakers of possible future monetary policy amid current market volatility. Japanese stock markets have been steadily rising recently, with the index hitting an all-time high, while the yen fell to…
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Japanese rates could trail yen, stock market ahead of Ueda’s testimony By Investing.com
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Bank of Japan Governor Kazuo Ueda is scheduled to speak to parliament on Friday, facing the delicate task of informing policymakers of possible future monetary policy amid current market volatility. Japanese stock markets have been steadily rising recently, with the index hitting an all-time high, while the yen fell to…
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Lower oil, Fed easing would support EM FX in hard landing: BofA By Investing.com
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Emerging market foreign exchange markets are expected to perform better in a potential hard landing scenario than in previous similar episodes, analysts at Bank of America Securities said in a note dated Tuesday. The note outlines the key shifts in the drivers of emerging market FX since the Covid-19 pandemic,…
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US stock futures edge higher ahead of key payroll revisions, Fed minutes By Investing.com
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U.S. stock index futures were slightly higher on Wednesday, as investors were cautious ahead of initial revisions to U.S. jobs data and the release of minutes from the Federal Reserve’s latest policy meeting. At 06:20 ET (10:20 GMT), Apple Business Insider stock was up 32 points, or 0.1%, gaining 3…
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Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
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Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
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Dollar slips lower on rate cut expectations; euro nears this year’s high By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, approaching a seven-month low amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 101.667, trading…
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Hesai Group maintains lead in LiDAR market, eyes profitability By Investing.com
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During its second quarter 2024 earnings conference call, Hesai Group, a leading automotive LiDAR technology company, showcased its robust market position and strategic advancements. The company, which trades under the ticker symbol HSAI, reported significant design wins and partnerships, projecting an optimistic outlook for future profitability and market expansion. Hesai’s…
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H&R Block CFO sells $5.17 million in company stock By Investing.com
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In a recent transaction, Tony J. Bowen, CFO of H&R Block Inc. (NYSE:HRB), sold 79,259 shares of the company’s common stock. The sale, which took place on August 19, 2024, netted a total of approximately $5.17 million. The shares were sold at a weighted average price of $65.17, with a…
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‘Kamala-mentum’ is putting ‘Trump trades’ on ice as dollar loses steam By Investing.com
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Macquarie says the prospect of a Democratic win is forcing traders to back away from “Trump trades” including dollar bidding, as Democratic presidential nominee Kamala Harris continues to bring more of a “Kamala mentality” to the White House race. “We believe the prospect of a Democratic victory in the presidential…
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BofA is bullish on EUR/NZD amid RBNZ cut By Investing.com
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Bank of America (BofA) reported a growing consensus against the US dollar, with significant selling last week. Investors in both the US and Europe have been net short on the dollar over the year. Demand for US dollar put options has been on the rise. Bank of America highlighted a…
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BofA is bullish on EUR/NZD amid RBNZ cut By Investing.com
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Bank of America (BofA) reported a growing consensus against the US dollar, with significant selling last week. Investors in both the US and Europe have been net short on the dollar over the year. Demand for US dollar put options has been on the rise. Bank of America highlighted a…