Category: Investing.com
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Morocco stocks higher at close of trade; Moroccan All Shares up 0.92% By Investing.com
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Investing.com – Moroccan stocks rose after the close on Wednesday, as gains in sectors led stocks higher. At the end of trading in Casablanca, the stock rose by 0.92%. The best performers of the session were Realis. Mechanics (CSE:) stock rose by 5.46%, or 23.30 points, and its price reached…
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B. Riley bullish on Sound Point stock, highlights CLO arbitrage potential By Investing.com
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On Wednesday, Sound Point Meridian Capital (NYSE: SPMC) stock received a new Buy rating from analyst B.Riley, accompanied by a $22.50 price target. The analyst highlighted the company’s position within a new segment of closed-end funds focused on cash flow arbitrage from CLO stocks, which are known for generating unleveraged…
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Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…
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T-Mobile Readies to Keep Customers, Communities and First Responders Connected as Hurricane Milton Approaches Landfall By Investing.com
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BELLEVUE, Wash.–( BUSINESS WIRE )– T-Mobile (NASDAQ: US™) has activated its emergency operations and preparedness plan as Hurricane Milton approaches Florida, mobilizing emergency teams. Affiliates to help keep customers, communities, first responders and others connected. In summary: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008322158/en/ T-Mobile’s network…
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T-Mobile Readies to Keep Customers, Communities and First Responders Connected as Hurricane Milton Approaches Landfall By Investing.com
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BELLEVUE, Wash.–( BUSINESS WIRE )– T-Mobile (NASDAQ: US™) has activated its emergency operations and preparedness plan as Hurricane Milton approaches Florida, mobilizing emergency teams. Affiliates to help keep customers, communities, first responders and others connected. In summary: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241008322158/en/ T-Mobile’s network…
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PepsiCo outlines growth strategies amid market challenges By Investing.com
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In the Q3 2024 earnings call, PepsiCo (ticker: NASDAQ:) executives discussed the company’s performance and future strategies. Despite facing consumer behavior changes and geopolitical concerns, PepsiCo is optimistic about long-term growth, particularly in the Frito-Lay segment and international markets. The company is focusing on enhancing core products, investing in promotional…
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Dollar retreats from highs; euro helped by German data By Investing.com
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Investing.com – The US dollar fell on Tuesday, but remained near seven-week highs, as traders weighed the Federal Reserve’s monetary policy outlook in the wake of last week’s strong jobs report. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other…
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Reviva to Participate in the 2024 Maxim Healthcare Virtual Summit By Investing.com
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CUPERTINO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH) (Reviva or the Company), a late-stage pharmaceutical company developing therapeutics that seek to address unmet medical needs in the areas of the central nervous system (CNS), inflammatory diseases, and cardio-metabolic diseases, today announced that Laxminarayan Bhatt,…
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These 2 stocks will trade in a volatile fashion during Tesla’s robotaxi event By Investing.com
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Investing.com – As Tesla (NASDAQ:) prepares for an upcoming robotics event, analysts at RBC Capital expect volatility in the share prices of ride-sharing giants Uber (NYSE:) and Tesla Inc (NYSE:). Lyft (Nasdaq:). The event, which is set to showcase Tesla’s developments in autonomous vehicle (AV) technology, could lead to market…
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Taiwan stocks higher at close of trade; Taiwan Weighted up 1.79% By Investing.com
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Investing.com – Shares in Taiwan rose after the close on Tuesday, as gains in Taiwan stocks led shares higher. At the end of trading in Taiwan, the stock rose 1.79%. Among today’s leading stocks was Arima Communications (TW:), which rose 350.24%, or 7.39 points, to trade at 9.50 at the…
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US stock futures muted as rate uncertainty builds; inflation awaited By Investing.com
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Investing.com — U.S. stock index futures were lower in overnight trading Monday after a bumper jobs report raised doubts about the Federal Reserve’s plans to cut interest rates sharply. These uncertainties have been heightened by the anticipation of key inflation data due later in the week, with any signs of…
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94% By Investing.com
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Investing.com – U.S. stocks fell after the close on Monday, as sector and sector losses dragged stocks lower. At the end of trading on the New York Stock Exchange, the index lost 0.94%, while the index lost 0.96%, and the index fell 1.17%. The best performers of the session were…
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Is US election risk already overpriced, BOA asks By Investing.com
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Investing.com – US election risk premiums are getting expensive in foreign exchange markets, according to Bank of America Securities, but they may actually be exaggerated. Historically, most FX trading volumes do not generate enough to offset the implied volatility premium around the US election, analysts at the US bank said…
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Strong jobs report to lift cyclical stocks, says Morgan Stanley By Investing.com
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Investing.com – Resilient U.S. labor market data and expectations for a series of quarter-point interest rate cuts from the Federal Reserve warrant a shift into cyclical stocks, according to analysts at Morgan Stanley. In a note to clients on Monday, analysts added that following the jobs numbers, investors have become…
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Earnings season could be a stock picker’s paradise: BofA By Investing.com
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Investing.com – Bank of America said in a recent note that the upcoming earnings season could be a “stock picker’s paradise.” According to strategists at Bank of America, while market returns were largely driven by multiples in 2022-23, earnings are starting to play a more significant role in 2024, accounting…
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Dollar stable after payrolls gains; euro slips on weak data By Investing.com
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Investing.com – The US dollar steadied on Monday, holding on to gains made after Friday’s strong jobs report to start the week, which included the release of key inflation data as well as minutes from the Federal Reserve’s latest meeting. At 04:00 EST (08:00 GMT), the dollar index, which tracks…
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UMC Reports Sales for September 2024 By Investing.com
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TAIPEI, Taiwan–( BUSINESS WIRE )– United Microelectronics (NYSE: UMC, TWSE: 2303) (UMC) today announced unaudited net sales for September 2024. September 2024 revenue a period 2024 2023 Change year/year year/year (%) September 18,942,714 19,052,938 -110,224 -0.58% January-September. 171,916,474 167,574,722 4,341,752 2.59% () All figures are in thousands of New Taiwan…
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Asia stocks surge on US payrolls cheer, China stimulus hopes By Investing.com
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Investing.com — Asian stocks rose on Monday, with Japanese shares leading gains as strong U.S. jobs data quelled concerns about an economic slowdown, while hopes for more stimulus measures in China also boosted sentiment. Regional stocks received positive signals from Friday’s rise on Wall Street, which came on the heels…