Category: Markets
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Futures fall as investors brace for earnings season; Tesla dips By Reuters
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(Reuters) – U.S. stock index futures fell on Friday, ahead of the start of third-quarter earnings season, after hotter-than-expected September inflation data boosted expectations of a 25 basis point interest rate cut by the Federal Reserve in November. Tesla (NASDAQ:) shares fell 5.8% in pre-market trading after the electric car…
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Dollar slips lower, but still on course for weekly gain By Investing.com
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Investing.com – The US dollar traded with small losses on Friday, but remained on track for weekly gains as traders reassessed potential interest rate cuts from the Federal Reserve in the wake of the strong employment report. At 04:30 EST (08:30 GMT), the dollar index, which tracks the greenback against…
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Stocks Steady as Traders Await US Earnings Season: Markets Wrap
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(Bloomberg) — European stocks and U.S. futures were little changed, as traders digested hotter-than-expected U.S. inflation and braced for the start of earnings season. Most read from Bloomberg The Stoxx 600 and S&P 500 futures traded flat at the open, capping a week in which US stocks hit another record…
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Dollar push and pull yesterday but didn’t move a whole lot in the end
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In case you missed the headlines: Inflation numbers were higher than expected while initial jobless claims also jumped, with little hurricane-related impact noted. The dollar made gains on the back of this, but they were quickly erased. That’s before Bostic came in to lift the dollar again ahead of another…
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China stocks ‘riding the dragon’s tail’ amid stimulus swings- MRB Partners By Investing.com
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Investing.com — China’s latest round of stimulus has sparked a strong rally in local stocks over the past few weeks, but MRB Partners said China’s earnings outlook remains weak, and it’s too early to upgrade local stocks. MRB Partners said that the recent rise in Chinese stocks was mainly driven…
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Asia FX advances, dollar little enthused by hot CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, while the dollar fell from two-month highs although hot consumer inflation data boosted bets on a smaller interest rate cut by the Federal Reserve. But most regional currencies suffered losses in recent sessions, as recent US data indicated that interest rates…
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U.S. CPI Came in Hotter Than Expected in September
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The September US CPI report reflects a slowdown in price pressures for the month, but annual headline and core inflation readings were still hotter than expected. The headline CPI rose another 0.2% on a monthly basis, slightly above the expected 0.1% rise, while the core CPI posted a monthly gain…
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TGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
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I posted earlier: Logan and Bowman are prime candidates to drop the “pause” comments (IMO). None of the topics in any of these speeches seem to lead to observations about economics or politics. Maybe in any question and answer. 1345 GMT/0945 EST: Chicago Fed President Austin Goolsbee delivers opening remarks…
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TGI … more Fed speakers again today! Logan, Bowman, Goolsbee all on the agenda
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I posted earlier: Logan and Bowman are prime candidates to drop the “pause” comments (IMO). None of the topics in any of these speeches seem to lead to observations about economics or politics. Maybe in any question and answer. 1345 GMT/0945 EST: Chicago Fed President Austin Goolsbee delivers opening remarks…
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Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America By Reuters
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Written by Nora Eckert DETROIT (Reuters) – Chrysler Stellantis (NYSE:) parent company confirmed on Thursday that CEO Carlos Tavares will retire at the end of his contract in early 2026 and announced major changes at top management as it struggles to turn around its lagging North American operations. . Earnings…
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Singapore’s central bank meets Monday, expected to maintain steady policy
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The Monetary Authority of Singapore (MAS) is the country’s central bank. The policy meeting is scheduled to be held on Monday, October 14. MAS is expected to maintain policy stability: Nine out of 10 analysts polled by Reuters expect the Monetary Authority of Singapore to keep its policy unchanged at…
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Singapore’s central bank meets Monday, expected to maintain steady policy
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The Monetary Authority of Singapore (MAS) is the country’s central bank. The policy meeting is scheduled to be held on Monday, October 14. MAS is expected to maintain policy stability: Nine out of 10 analysts polled by Reuters expect the Monetary Authority of Singapore to keep its policy unchanged at…
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J&J talc bankruptcy stays in Texas despite ‘forum-shopping’ opposition By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – Johnson & Johnson’s (NYSE:) subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging that its talc products cause cancer in federal bankruptcy court in Texas, a judge ruled on Thursday, allowing the company… To avoid the place…
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J&J talc bankruptcy stays in Texas despite ‘forum-shopping’ opposition By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – Johnson & Johnson’s (NYSE:) subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging that its talc products cause cancer in federal bankruptcy court in Texas, a judge ruled on Thursday, allowing the company… To avoid the place…
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Trump’s desire to trash the US dollar could be blocked by the Fed & China
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Bosch, Tenstorrent to collaborate on standardizing automotive chips By Reuters
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Written by Max A. Cherny SAN FRANCISCO (Reuters) – German industrial giant Bosch will team up with U.S. chip startup Tenstorrent to develop a platform for unifying key elements of automotive chips, Tenstorrent executives said. Plans include developing a standardized way to use a building block of modern chips, called…
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Biden and Netanyahu ‘made significant progress’ on limiting strike on Iran
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A a report In Walla News weighs heavily on oil. It is said that: Prime Minister Benjamin Netanyahu and US President Joe Biden made significant progress during their phone call on Wednesday in reaching an understanding on the scope of Israel’s planned retaliatory action against Iran, according to three senior…
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AMD sees next AI chip in mass production later this year By Reuters
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Written by Max A. Cherny SAN FRANCISCO (Reuters) – Advanced Micro Devices said on Thursday it plans to begin mass production of a new version of its artificial intelligence chip called the MI325X in the fourth quarter of the year, as it seeks to bolster its presence in a market…
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Asia FX firms slightly, dollar steady as CPI data looms By Investing.com
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Investing.com — Most Asian currencies rose slightly on Thursday, recovering some of recent losses, while the dollar held near a seven-week high ahead of key consumer inflation data. Regional currencies suffered losses over the past week amid growing doubts about the pace of future interest rate cuts by the Federal…