Category: Investing.com
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IAC Inc. announces senior finance officer’s departure By Investing.com
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NEW YORK – IAC Corporation (NASDAQ:IAC), a leading computer programming and data processing services company, has announced a major change to its executive team. Eric Bradbury, the Company’s Senior Vice President and Controller, as well as its Chief Accounting Officer, has announced his resignation, effective August 9, 2024, to pursue…
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US stocks mixed; S&P 500, Nasdaq gain after soft PPI release By Investing.com
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Investing.com — U.S. stock trading was largely higher, as further signs of slowing inflation raised expectations for a rate cut from the Federal Reserve. At 06:20 EST (10:20 GMT), it was down 150 points or 0.4%, while trading 10 points or 0.2% higher and up 100 points or 0.6%. Benign…
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flat at $67k amid rate cut cues, softer inflation By Investing.com
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Investing.com — Bitcoin’s price moved slightly on Thursday after a choppy session, as the Federal Reserve’s expectations for longer interest rate hikes largely overshadowed some signs of slowing inflation in the near term. It rose 0.4% over the past 24 hours to $67,484.6 by 02:05 ET (06:05 GMT). The coin…
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Asia FX weakens as hawkish Fedspeak offsets inflation relief; BOJ awaited By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, as expectations of smaller interest rate cuts by the Federal Reserve dampened appetite for regional markets, even as the dollar fell amid a weak inflation reading. Uncertainty ahead of the Bank of Japan meeting and concerns over trade tensions between the US…
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French political risk and the euro By Investing.com
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Investing.com – The French government bond market saw significant pressure following the weekend’s European elections, with the 10-year OAT-Bund spread widening sharply by 7-8 basis points, reaching the widest levels seen since last year. The pressure on the bond market is not surprising after Standard & Poor’s recently downgraded France’s…
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EUR/GBP edges up, softer UK employment data not material for sterling By Investing.com
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Investing.com – The pair rose 0.2% on Tuesday. The move came after reports indicated a larger-than-expected decline in employment in the UK along with earnings numbers that were marginally lower than expected. “The Bank of England has warned that this could be indirectly affected by data issues affecting the labor…
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Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
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Investing.com – The US dollar fell on Wednesday, pulling back after hitting a four-week high overnight before the conclusion of the Federal Reserve’s latest policy meeting. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 104.775,…
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Canadian Western Bank stock downgreaded by BMO post-acquisition deal By Investing.com
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On Wednesday, BMO Capital revised its position on… Western Canadian Bank (TSX::CN) (OTC: CBWBF), downgraded the stock from outperform to market perform, while simultaneously raising its price target to C$52.00 from C$35.00. This review follows the announcement on Tuesday that Canadian Western Bank has entered into an agreement to be…
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Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Wednesday, while the dollar held steady as traders retreated in the face of a barrage of signals on US interest rates from the Federal Reserve and headline inflation data. Sentiment towards Asia was affected by fears of renewed trade tensions between…
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Asian stocks sink as rate jitters mount ahead of CPI data, Fed By Investing.com
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Investing.com — Asian stocks mostly fell on Wednesday on anticipation of more signals on inflation and the Federal Reserve, while reports of more US trade scrutiny against China also weighed on sentiment. Regional stocks received a few positive signals from record closing levels in the and , which were mainly…
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Mexican peso struggles amid President-elect’s reform plans By Investing.com
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Investing.com – The Mexican peso faced pressure as it approached a recent peak of 18.60 in overnight trade in Asia. The move comes after Mexico’s president-elect, Claudia Sheinbaum, announced that judicial reform would be an early topic of the new congress in September. The peso has already weakened by 8%…
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US stock futures steady after AI rally; Fed rate decision, CPI on tap By Investing.com
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Investing.com — U.S. stock index futures were flat in afternoon trade Tuesday after an artificial intelligence-fueled rally put Wall Street at new highs, with focus turning to the Federal Reserve and upcoming inflation data. The hype around AI remained a major support point for the markets after Apple Inc (NASDAQ:)…
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Dollars hands back gains ahead of inflation data, Fed meeting; By Investing.com
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Investing.com – The US dollar fell on Tuesday, retreating from a one-month high, as yields eased ahead of key US inflation data and the Federal Reserve’s latest meeting. At 04:15 EDT (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3%…
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EUR/USD set for more pain, Macquarie says, as political uncertainty strikes again By Investing.com
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Investing.com — It was hit hard on Monday as winds of political uncertainty quickly emerged on the continent, prompting calls for more pain ahead for the single currency. “We are committed to our view that EUR/USD will reach 1.05, and remain there, in the second half of 2024,” Macquarie said…
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Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Hertz Global Holdings, Inc. By Investing.com
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NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP: Do you own or hold stock in Hertz Global Holdings (OTC:), Inc.? (NASDAQ: HTZ)? Did you purchase your shares between April 27, 2023 and April 24, 2024 inclusive? Did you lose money investing in Hertz Global Holdings, Inc.? Do…
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Margin Expansion of IT Cos. in FY25 Faces Significant Hurdles By Investing.com
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The latest Jefferies report casts doubt on the expected expansion in EBIT margins for IT companies in FY25. The consensus forecast is for an increase of 80 basis points year-on-year, to 20.3% for the sector. However, while there is optimism for a significant improvement of 380 basis points (240 basis…
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ASML receives new Street-high price target, HPE upgraded By Investing.com
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Investing.com – Here are the biggest artificial intelligence (AI) analyst moves this week. InvestingPro subscribers always get the first feedback from market-moving AI analysts. Upgrade today! Evercore: Nvidia stock split could be a catalyst for volatility Nvidia (NASDAQ:) stock will begin trading on Monday on an adjusted split, and according…
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Upgrades for Best Buy and Lululemon By Investing.com
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Investing.com – Here’s a professional summary of the most important information Wall Street analysts said over the past week: Upgrades to Best buy Lululemon and Collegium Pharma; Downgrade for Maxeon Solar and Medifast. InvestingPro subscribers always get first reward on market-moving rating changes. Best buy What happened? On Monday, Citi…