Category: Markets
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Hungary central bank tells lenders to reimburse clients after Apple glitch By Reuters
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BUDAPEST (Reuters) – Hungary’s central bank on Saturday asked local lenders to immediately start reimbursing customers for erroneous fees imposed by Apple Inc’s (NASDAQ:) mobile payment service earlier this week that affected hundreds of thousands of accounts in Hungary. The central bank said some 780,000 false charges worth a combined…
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Binance must face bulk of US SEC crypto lawsuit, judge rules By Reuters
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(Reuters) – A federal judge ruled late on Friday that the majority of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. The decision by Judge Amy Berman Jackson of the US District Court for the District of Columbia…
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Fed’s Daly: The PCE data is ‘good news’ but the Fed is not done yet
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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 also creates additional 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…
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India opposition asks Modi government to question Foxconn hiring practices By Reuters
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Written by Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress party urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn over hiring practices after Reuters reported that the Apple supplier was rejecting married women from iPhone assembly jobs in the country. The government has…
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India opposition asks Modi government to question Foxconn hiring practices By Reuters
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Written by Aditya Kalra and Praveen Paramasivam NEW DELHI (Reuters) – India’s opposition Congress party urged Prime Minister Narendra Modi’s government on Saturday to question Foxconn over hiring practices after Reuters reported that the Apple supplier was rejecting married women from iPhone assembly jobs in the country. The government has…
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French stocks hit the lowest since January with voting set for Sunday
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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CIO survey a massive boon for Microsoft
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(Updated – June 29, 2024 at 8:08 AM EST) The latest JP Morgan CIO survey shows that Microsoft (NASDAQ:) is very well positioned as technology budgets move more toward artificial intelligence, a category dominated by the tech giant. The survey, which highlighted the opinions of 166 IT executives responsible for…
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If Trump wins here are seven concrete trade ideas from Jim Cramer
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Trump’s odds of winning the presidency rose significantly yesterday after Joe Biden’s poor performance in the debate. CNBC’s Jim Cramer appeared today with the right attitude, looking at the concrete winners and losers if Trump takes office in November, and especially if Republicans sweep the House and Senate. Cramer said…
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If Trump wins here are seven concrete trade ideas from Jim Cramer
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Trump’s odds of winning the presidency rose significantly yesterday after Joe Biden’s poor performance in the debate. CNBC’s Jim Cramer appeared today with the right attitude, looking at the concrete winners and losers if Trump takes office in November, and especially if Republicans sweep the House and Senate. Cramer said…
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Stock market today: Positive momentum in Healthcare, Tech sees a mixed bag
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Stock heatmap from FinViz.com Fri, 28 Jun 2024 13:46:13 GMT Overview of today’s market dynamics The US stock market showed a mixed performance across sectors, with notable gains in healthcare driven by UnitedHealth (UNH) and mixed sentiment in the technology sector. Below is an in-depth look at the sectors, highlighting…
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Wells Fargo’s top five portfolio ideas for the next 18 months By Investing.com
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Wells Fargo offered guidance for investors planning to navigate the next 18 months in a note this week, highlighting five key portfolio ideas. Looking to 2025, Wells Fargo expects opportunities to “expand equity exposure” during market downturns and potentially “increase portfolio returns” if interest rates remain high. They also recommend…
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The market is pricing in a Republican sweep
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Not only is Biden not planning to withdraw, Biden remains committed to holding a second debate in September, CNBC reported early today, citing an adviser. Other reports say there is no pressure from his government to resign. To be clear, the decision is his alone, and to have a viable…
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US has sent Israel thousands of 2,000-pound bombs since Oct. 7 By Reuters
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By Humeyra Pamuk and Mike Stone WASHINGTON (Reuters) – The Biden administration has sent Israel large numbers of munitions, including more than 10,000 highly destructive 2,000-pound bombs and thousands of Hellfire missiles, since the start of the war in Gaza, two U.S. officials familiar with an updated report said. List…
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There are all kinds of political rumors on Biden but it will be an interesting weekend
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The US political landscape may look very different when markets reopen on Monday. All kinds of rumors and reports have spread following Biden’s disastrous debate performance. The main rumors are that Biden and his team plan to continue, but I don’t see any evidence of that – people always want…
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Cancer victims lose bid to block proposed J&J talc bankruptcy By Reuters
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Written by Brendan Pearson (Reuters) – A federal judge on Friday rejected a group of cancer victims’ bid to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging that the company’s baby powder and other talc products contain cancer-causing asbestos. On June…
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This year the S&P 500 has had 32 all-time highs. Why that matters
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The S&P 500 hit an all-time high today at 5,523 (and counting). This marks the 32nd day the index has hit a record high in the first half of the year. Today, Deutsche Bank compares the number of records set this year against historical norms. In short, this year was…
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Visa, Mastercard can likely handle settlement much bigger than $30 billion, judge says By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A federal judge said on Tuesday that Visa Inc and Mastercard Inc could likely afford a “significantly larger” settlement with merchants who said they overpaid for card swiping fees than the $30 billion deal she rejected this week. US District Judge Margo Brody…
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Few people realize how much disruption is coming from AI
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The future is not a mystery. Generative AI is coming for almost everything. Why? Machines will soon be able to see, hear and interact with the world in real time. This will unlock robotics. That’s why Elon Musk decided to turn Tesla into a robotics company. He realized that building…