Category: Markets
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Wall St follows world stocks higher powered by AI, rate cut hopes By Reuters
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Written by Amanda Cooper and Mark Jones LONDON (Reuters) – Wall Street bulls continued a string of record highs for global stocks on Thursday after Europe cheered when Switzerland cut interest rates again and the Bank of England hinted it may start cutting interest rates soon as well. US traders…
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Stock indices shift. Dow higher. NASDAQ lower
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Money has shifted into the US stock market. Earlier, the Dow was low, the Nasdaq was high, and the S&P was in the middle. Currently, the Dow Jones Industrial Average is up, the S&P is almost unchanged and the Nasdaq has turned into negative territory. The Nasdaq closed higher for…
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Evertz Technologies sees record sales in fiscal 2024 By Investing.com
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Evertz Technologies (ET) reported a significant increase in sales for the fiscal year 2024, with a record-setting $514.6 million, marking a 13% growth from the prior year. The company’s earnings call highlighted a robust $295 million backlog, indicating strong demand for its products and services. Evertz also announced a regular…
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Dollar edges higher, sterling slips ahead of BOE meeting By Investing.com
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Investing.com – The US dollar rose on Thursday, while the pound fell ahead of the Bank of England’s latest policy meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.122, approaching the one-month high hit…
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August back in the picture for the BOE?
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There were some cautious hints, subtle ones of course, provided by the Bank of England in today’s interest rate statement. Let’s dive right into it. First, they submitted this clip to the forward directive: “As part of the August forecast round, committee members will consider all available information and how…
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Joby Aviation says FAA gives nod for in-house software for air-taxi operations By Reuters
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By Abhijith Ganapavaram (Reuters) – Gobi Aviation (NYSE:) said on Thursday that the U.S. aviation regulator has allowed the use of the air taxi maker’s in-house software to perform tasks such as managing pilot workload and matching passengers to aircraft similar to ride-hailing applications. The approval of the operating system,…
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South African rand edges lower, focus on president’s cabinet picks By Reuters
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JOHANNESBURG (Reuters) – Shares fell in early trade on Thursday, with investors turning cautious ahead of newly re-elected President Cyril Ramaphosa’s cabinet appointments under a unity government. At 0726 GMT, the rand was trading at 17.9850 against the dollar, down 0.15 percent from its previous close. The local currency rose…
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U.K. Inflation Drops To The BOE’s Target Range For The First Time Since 2021
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As expected, UK consumer prices rose 2.0% year-on-year in May, slowing from the 2.3% annual increase in April and recording their lowest readings since July 2021. The core CPI, which excludes volatile items such as food and energy, rose 3.5% year-on-year after a 3.9% year-on-year rise in April. On a…
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Canada’s WestJet Airlines says union rescinds strike notice By Reuters
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(Reuters) – Canadian airline WestJet Airlines said on Thursday it was working to resume normal operations after the union representing its maintenance engineers lifted a strike notice, with both sides agreeing to return to the negotiating table. WestJet, which is backed by Onex Corp and competes with Air Canada, is…
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GPS Capital Markets Enters into Agreement to be Acquired by Corpay
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Article content SALT LAKE CITY, June 19, 2024 (GLOBE NEWSWIRE) — GPS Capital Markets, LLC, a leading financial technology company providing foreign exchange services to businesses, announces that it has entered into a definitive agreement to be acquired by Corpay, Inc. (NYSE: CPAY), a leading enterprise payments company. This acquisition…
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Daily Broad Market Recap – June 19, 2024
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With US traders off on holiday and traders remaining on the sidelines ahead of this week’s closely watched economic events, major assets were trading in lower ranges. What are the headlines that caught traders’ attention in the past trading sessions? Titles: Bank of Japan meeting minutes “Some members” indicated that…
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FX little changed awaiting major central bank decisions later
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Highlights on the agenda today are central bank decisions involving the Swiss National Bank and the Bank of England. They will wrap up the central bank boom in June, but the decisions may end up being mostly uneventful. I’ll get to that in a moment. But for now, the currency…
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to give all available military help if other is invaded By Reuters
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SEOUL (Reuters) – North Korea and Russia have agreed to provide all available military aid if the other side faces armed aggression, under an agreement signed by the leaders of the two countries, North Korea’s Korean Central News Agency reported on Thursday. The Korean Central News Agency, citing the agreement,…
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Sterling steady ahead of BoE decision; dollar wobbles against yen By Reuters
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By Ray Wee SINGAPORE (Reuters) – The pound was broadly flat on Thursday ahead of the Bank of England’s interest rate decision later in the day, while the dollar fell as new market catalysts awaited. Currencies were trading in tight ranges after a holiday in the United States, with investors…
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New Petrobras CEO says president wants firm to boost national economy By Reuters
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RIO DE JANEIRO (Reuters) – Madja Chambrillard, CEO of Brazilian oil giant Petrobras, said the country’s president has asked her to work to boost the country’s economy while maintaining the oil company’s profitability. Chamberillard, who took over as the state-run company’s top CEO after President Luiz Inacio Lula da Silva…
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Dell, Nvidia and SMC collaborate to power Musk’s Grok AI factory By Investing.com
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Investing.com – Dell Technologies Inc (NYSE:), led by CEO Michael Dell, announced a partnership with NVIDIA Corporation (NASDAQ:) to build an AI factory designed to enhance the capabilities of Grok, an AI model developed by Elon Musk. ,xAI. We’re building the Dell AI Factory using… @nvidia To power @understands extensively…
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Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0 By Reuters
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(Reuters) – The U.S. Securities and Exchange Commission has closed its investigation into the Blockchain 2.0 protocol, cryptocurrency company ConsenSys said in a post on social media platform X late on Tuesday. The company filed a lawsuit seeking an injunction against the US Securities and Exchange Commission in April over…
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Air France-KLM CEO blasts main Paris airport over jet parking shortage By Reuters
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By Tim Heffer PARIS (Reuters) – The chief executive of Air France-KLM urged Aéroports de Paris to improve the French capital’s Charles de Gaulle airport, saying a shortage of jetways had led to a daily struggle for aircraft parking spaces and rising operating costs. Speaking to reporters on the occasion…
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What’s priced in for the Bank of Canada
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The Bank of Canada began its interest rate cutting cycle this month and the question now is: How quickly can the cuts continue? Governor Tiff Macklem said they make their decisions one meeting at a time and that it is reasonable to expect further interest rate cuts if inflation continues…
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Stocks bask in Nvidia glow, dollar steady By Reuters
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Written by Amanda Cooper LONDON (Reuters) – Global stocks hit record highs on Wednesday, driven by a rally in technology stocks that made artificial intelligence chipmaker Nvidia (NASDAQ:) the most valuable company in the world, while the dollar stumbled as weak U.S. retail sales data showed that they may decline.…