Category: Investing.com
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Lattice Semiconductor exec sells over $54k in stock By Investing.com
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In recent trading activity, Tracy Ann Finney, Senior Vice President and General Counsel of Lattice (OTC:) Semiconductor Corp (NASDAQ:LSCC), sold 703 shares of the company’s stock at a price of $77.85 per share. The total value of the deal was approximately $54,728. The sale was conducted under an approved 10b5-1…
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UBS suggests shorting USD/CHF amid DXY pullback and data woes By Investing.com
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UBS recommended investors sell the pair, indicating attractive entry levels for trading. The company confirmed that the DXY index, which measures the strength of the US dollar against a basket of currencies, fell 1.5% from its peak in late April due to disappointing US economic data. Despite the Federal Reserve’s…
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Dollar edges lower, but on track for hefty weekly gains By Investing.com
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Investing.com – The U.S. dollar fell in early European trade on Friday, but was still on track for its biggest weekly rise in more than a month as expectations of early interest rate cuts from the Federal Reserve faded. At 04:40 EDT (08:40 GMT), the dollar index, which tracks the…
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U-Haul to Build 800-Room Self-Storage Facility in North Buford By Investing.com
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Buford, Georgia., May 24, 2024 /PRNewswire/ — U-hole ® Announces plans to establish a state-of-the-art retail, transportation and self-storage facility in Northeast Peachtree Industrial Street in North Buford. U-Haul Moving and Storage North Buford It is scheduled to be completed by spring 2026. The property was purchased in March. The…
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Asia FX nurses losses as dollar hits 10-day high on easing rate cut bets By Investing.com
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Investing.com — Most Asian currencies fell on Friday and suffered sharp losses against the dollar, as hawkish signals on inflation and interest rates led traders to price in expectations of interest rate cuts in 2024. Sentiment towards Asian markets was also shaken by signs of a renewed trade war between…
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Dollar steadies after sharp gains post Fed minutes; sterling retains strength By Investing.com
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Investing.com – The US dollar gave up some of the previous session’s gains on Thursday, but remained near a one-week high after minutes from the Federal Reserve’s latest meeting indicated US interest rates will remain high for some time. At 04:20 ET (08:20 GMT), the dollar index, which tracks the…
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UBS shifts stance on Swiss franc, now sees it as neutral By Investing.com
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UBS revised its outlook on the Swiss franc, adjusting the currency’s position from “least favourable” to “neutral”. This reassessment comes amid expectations that the US dollar will maintain its strength, with the possibility of intermittent increases in value. However, UBS does not expect a sharp rise or significant decline in…
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Blackrock’s IBIT set to outpace Grayscale as top bitcoin fund By Investing.com
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JP Morgan provided an analysis of the ownership structure of spot Bitcoin ETFs, revealing that institutional ownership is around 13% based on recent 13F filings for Q1 2023. Factoring in additional institutional investors not required to apply, such as junior managers and some investment advisors, the institutional ownership estimate rises…
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US stocks pare gains as spiking yields on fading rate-cut bets offset Nvidia rally By Investing.com
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Investing.com — U.S. stocks gave up gains on Tuesday, after Treasury yields rose as data pointing to signs of steady inflation dampened interest rate cut hopes, offsetting Nvidia-led charges in technology stocks. At 14:28 ET (18:28 GMT), it was down 589 points, or 1.5%, while down 0.8%, and the heavy…
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BofA projects EUR-USD to hit 1.12 by year-end, above consensus By Investing.com
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Bank of America (BofA) has released its forecast for the currency market, predicting that the EUR/USD exchange rate will reach 1.12 by the end of the year. The bank’s analysts expect most of the euro’s appreciation to occur in the second half of the year, and placed their forecasts above…
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Photronics posts steady Q2 sales despite challenges By Investing.com
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Photronics , Inc. (NASDAQ:), a global leader in photomask manufacturing, reported a modest increase in second-quarter sales to $217 million, overcoming temporary market softness and an earthquake in Taiwan. The company experienced a slight disruption, with a $3 million reduction in sales attributed to the earthquake’s impact on production. However,…
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Morgan Stanley sets EUR/GBP target at 0.82 on policy divergence By Investing.com
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Morgan Stanley has outlined its foreign exchange strategy, recommending investors take short positions in the currency pair, setting a target of 0.82. The company’s analysis suggests that this trade is likely to benefit from a combination of attractive adjusted volatility and an expected pick-up in UK economic growth momentum. Morgan…
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Modine stock upgraded by Oppenheimer on growth drivers By Investing.com
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On Thursday, Oppenheimer maintained an outperform rating on Modine Manufacturing (NYSE:) stock and increased its price target to $110 from $105. The revision follows Modine’s mixed Q4 FY2024 results and FY2025 guidance compared to consensus expectations. Despite early trading lows on Wednesday, the company’s shares rose due to several factors…
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European chipmakers gain after Nvidia posts soaring revenues By Investing.com
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Investing.com – Shares of European chipmakers rose on Thursday, boosted by quarterly results from AI-focused semiconductor group Nvidia (NASDAQ:) that beat high expectations. Nvidia’s revenue in the three months through April 28 rose 262% from a year ago to $26 billion, beating Wall Street estimates of $24.7 billion. In the…
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Jubilant FoodWorks Poised for Massive Expansion; ProTips Gives Valuable Info By Investing.com
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Jubilant FoodWorks Ltd (JFL), the master franchisee of Domino’s Pizza in India and several other markets, with a market capitalization of INR 31,517 crore, announced plans on Wednesday to significantly expand its store network. The company aims to increase Domino’s Pizza outlets from 2,793 to more than 5,500 across six…
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Close to 1 in 2 Thais Worried About Being Scammed As Real-Time Payment Risks Grow By Investing.com
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45% of Thais are more concerned about being tricked into paying a criminal BANGKOK–(Business Wire/AETOSWire)–(NYSE: FICO) Highlights Payment fraud is the top financial crime that worries 45% of Thais Concerns about identity theft remain, with 61% believing they have been or may have been victims 36% of Thai consumers consider…
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Canadian dollar under pressure amid rate cut expectations By Investing.com
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Inavesting.com – The Canadian dollar has underperformed compared to other pro-cyclical currencies since the beginning of May, dragged down by its correlation to US economic data and interest rate expectations from the Federal Reserve. Market analysts expect a 25 basis point interest rate cut by the Bank of Canada in…
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OpenAI, News Corp sign content sharing deal; shares surge By Investing.com
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Investing.com — Artificial intelligence major OpenAI and News Corp (NASDAQ:) said Wednesday they have signed an agreement under which OpenAI will be given access to some of the biggest news publications under the media powerhouse. News of the deal saw News Corp shares rise in after-hours trading, with its Class…
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Dollar steady; Fed speakers could provide impetus By Investing.com
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Investing.com – The US dollar traded in a narrow range on Tuesday, holding steady as traders looked for new clues about the expected timing and extent of federal interest rate cuts this year. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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Harold L. Keene buys new Peoples Bankshares stock worth over $6,000 By Investing.com
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Harold L. Keene, director and majority shareholder of New Peoples Bankshares Inc (OTC:NWPP), recently purchased additional shares of the company’s common stock, according to a new regulatory filing. Keene acquired shares in two separate transactions, for a total investment of more than $6,000. The first purchase, which was not reported…