Category: Investing.com
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Asian stocks drop as tech tracks weak US earnings; China remains on backfoot By Investing.com
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Most Asian stocks fell on Wednesday, weighed down by renewed losses in the technology sector as major corporate earnings in the United States fell overnight, while sentiment toward China also showed little sign of improvement. Regional stocks received weak support from Wall Street, especially as U.S. stock index futures fell…
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S&P500 closes lower as big tech set to get earnings underway By Investing.com
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U.S. stocks rose slightly on Tuesday, but gains remained in check amid cautious trading ahead of quarterly earnings from major technology companies. At 14:59 ET (18:59 GMT), the S&P 500 was up 58 points, or 0.2%, while the FTSE 100 was up 0.1% and the S&P 500 was up 0.2%.…
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Wells Fargo sees slower US dollar decline through 2025 By Investing.com
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Wells Fargo has updated its currency market forecasts, expecting a gradual decline in the value of the US dollar over the medium term compared to previous expectations. The bank’s forecasts indicate a moderate decline in the value of the dollar through most of 2025. This forecast is based on an…
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General Motors shares rally after earnings and revenue beat, raises full-year outlook By Investing.com
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General Motors (NYSE:GM) shares rose 5.45% after reporting second-quarter results that beat expectations on both earnings and revenue. The auto giant reported adjusted earnings per share of $3.06, well above the consensus estimate of $2.71. Revenue for the quarter also topped expectations, coming in at $47.97 billion versus the $45…
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Dollar steady, while yen strengthens ahead of BOJ meeting By Investing.com
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Investing.com – The U.S. dollar was steady in Europe on Tuesday, while the yen rose in the wake of suspected government intervention last week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 104.067, rebounding from…
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Asia FX firms as dollar stalls amid rate cut bets, political uncertainty By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar fell as the greenback’s recovery slowed due to continued expectations of interest rate cuts and uncertainty over the 2024 presidential election. However, sentiment towards Asia remained restrained by concerns about China, amid signs of a slowing economic recovery and uncertainty about…
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SAP Q2 results top estimates as ongoing cloud demand boosts revenue By Investing.com
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SAP on Monday reported fiscal second-quarter results that beat Wall Street estimates as continued demand for its cloud services boosted performance. SAP SE ADR (NYSE:) shares rose about 4% in after-market trading following the news. For the three months ended June 30, SAP’s adjusted earnings were 1.10 euros per share…
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Citi maintains buy on Micron stock, eyes Samsung move By Investing.com
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On Monday, Citi reiterated its buy rating on Micron Technology (NASDAQ:) with a $175.00 price target. The firm expressed concerns that the stock could face short-term pressure. The focal point of these concerns is the expectation that Samsung (KS:) will qualify for its high rating. Bandwidth (NASDAQ:) Memory (HBM) with…
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Spotlight on GDP, PCE data and earnings By Investing.com
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U.S. stocks ended Friday in the red, as Wall Street wrapped up a week marked by a shift from this year’s big-cap winners to smaller names. The Dubai Financial Market Index fell by 0.71% to close at 5,505.00 points, and also fell by 0.81% to close at 17,726.94 points, and…
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Dollar slips after Biden pulls out, euro rebounds after losses By Investing.com
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Investing.com – The U.S. dollar fell on Monday after U.S. President Joe Biden’s decision to end his re-election campaign, with the euro benefiting despite its weak tone after last week’s European Central Bank meeting. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of…
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steady at $67k as weekend rally cools; US politics in focus By Investing.com
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Bitcoin rose slightly on Monday, stabilizing after a sharp rally over the weekend as President Joe Biden’s abandonment of his re-election bid increased uncertainty over the U.S. political outlook. The world’s largest cryptocurrency has surged in recent sessions amid growing bets that Republican front-runner Donald Trump, who has offered a…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Upgrades for Apple and Shopify; downgrade for Doximity By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! apple What happened? On Monday, Loop Capital upgraded Apple (NASDAQ:) stock to Buy with a $300 price target. What is the…
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‘Epic’ tech selloff will continue unless mega cap Tech lifts revenue guidance: GS By Investing.com
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The massive momentum reversal in favor of small-cap stocks at the expense of large-cap stocks is likely to continue, according to strategists at Goldman Sachs. Last week, small-cap companies posted a historic weekly performance versus large-cap companies, attributed to several factors, including slowing inflation and expectations that the Federal Reserve…
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6 reasons why U.S. economy may not achieve soft landing: BCA By Investing.com
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BCA Research has identified six key reasons why the U.S. economy may struggle to achieve a soft landing, as explained in its latest note, “Cold Hard Facts: Positioning for an Economic Downturn.” Here are the six factors they believe could prevent a soft landing: 1. Consumer Drainage: The company notes…
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What is the impact of potential Trump 2.0 on Europe? By Investing.com
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Donald Trump’s odds of winning a second term are increasing, with prediction markets now giving him a 60% chance of victory in November. Given the major economic and geopolitical shifts that Trump’s first term has seen, a potential second Trump presidency could have profound implications for Europe, according to analysts…
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Acelyrin director Becker sells a single share for compliance reasons By Investing.com
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According to a recent filing with the U.S. Securities and Exchange Commission, Daniel J. Baker, director of ACELYRIN, Inc. (NASDAQ:ACLY), sold one share of the company’s common stock on July 17, 2024, for $6.86. The transaction was executed at $6.86 per share, which was the closing market price on the…
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Acelyrin director Becker sells a single share for compliance reasons By Investing.com
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According to a recent filing with the U.S. Securities and Exchange Commission, Daniel J. Baker, director of ACELYRIN, Inc. (NASDAQ:ACLY), sold one share of the company’s common stock on July 17, 2024, for $6.86. The transaction was executed at $6.86 per share, which was the closing market price on the…
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Westwater secures offtake agreement, eyes debt financing By Investing.com
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Westwater Resources Inc. (NYSE American: NYSE:) has announced a significant milestone in its latest earnings call, securing a second multi-year offtake agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis (NYSE:) Group, for the sale of Coated Spherical Purified Graphite (CSPG) from its Kellyton Graphite Plant. This agreement ensures that…