Category: Markets
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Over half of Aramco share sale allocated to foreign investors
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Written by Maha Al-Dahan DUBAI (Reuters) – Saudi Arabia has floated more than half of the $11.2 billion Aramco share sale (Tadawul) with foreign investors, two sources familiar with the matter told Reuters on Saturday. Saudi Arabia is seeking to attract international investment by pumping tens of billions of dollars…
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Norway wealth fund to vote against Musk’s $56 billion Tesla pay package By Reuters
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Written by Louise Rasmussen and Gwladys Foch OSLO (Reuters) – Norway’s $1.7 trillion sovereign wealth fund said on Saturday it would vote against ratifying Tesla Inc CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week, after… A Delaware judge struck it down…
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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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US stocks set to open marginally lower after the stronger US jobs report
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US jobs data came in stronger than expected with Non-Farm Payrolls rising by 272K versus estimates of 185K. The unemployment rate rose to 4.0% as the participation rate declined. US yields rose with the 10-year bond yield rising 12.7 basis points to 4.408%. However, the 10-year bond yield rose to…
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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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FTX Creditors Filed an Objection against Bankruptcy Reorganization Plan
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A group of creditors of the now-collapsed FTX have moved to court, objecting to the cryptocurrency exchange’s bankruptcy reorganization plan, which would pay unsecured creditors the full amount of their claims, if not more. Formal objection from FTX creditors A group led by Sunil Kavori, one of FTX’s creditors, filed…
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Weekly Market Outlook (10-14 June)
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Upcoming events: Tuesday: UK Labor Market Report, US NFIB Small Business Optimism Index. Wednesday: Japanese Producer Price Index, Chinese CPI, UK GDP, US CPI, FOMC Policy Decision. Thursday: Australian Labor Market Report, Swiss Producer Price Index, Eurozone Industrial Production, US Producer Price Index, US Unemployment Claims. Friday: New Zealand Manufacturing…
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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…
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Elon Musk’s Mega Tesla Paycheck – It’s Not About the Money
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Let’s dive into the details of Elon Musk’s $46 billion compensation package from Tesla, the controversy surrounding it, and why it’s more about stimulus than money. Elon Musk’s amazing payday Tesla’s astronomical $46 billion payday from Elon Musk has been the subject of much controversy. But according to Tesla CEO…
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Elon Musk’s Mega Tesla Paycheck – It’s Not About the Money
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Let’s dive into the details of Elon Musk’s $46 billion compensation package from Tesla, the controversy surrounding it, and why it’s more about stimulus than money. Elon Musk’s amazing payday Tesla’s astronomical $46 billion payday from Elon Musk has been the subject of much controversy. But according to Tesla CEO…
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US stocks lower to start the US trading day
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The bell rang to start the US trading day, and prices fell. The broader S&P and NASDAQ fell by -0.30%. Dow Jones, slightly lower. Shows a snapshot of the market 5 minutes after the open: Dow Jones Industrial Average -98.53 points or -0.25% at 38,787.65 The Standard & Poor’s Index…
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Volvo shifting EV production to Belgium to evade China tariffs, The Times reports By Reuters
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(Reuters) – Volvo Cars has begun moving production of Chinese-made electric cars to Belgium in the hope that the European Union will press ahead with a crackdown on Beijing-backed imports, The Times newspaper reported on Saturday. The newspaper, quoting informed sources in the company, said that Volvo, whose majority shares…
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Morgan Stanley’s deep dive on AI’s rate of change By Investing.com
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In a recent report, Morgan Stanley addressed the rapidly evolving landscape of AI integration and its impact on various sectors. This comprehensive study, an update from our Q4 2023 survey, notes shifts in AI exposure and relative importance across a broad range of stocks, and provides a detailed map of…
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Haruko Integrates Stacks to Deliver Institutional Asset Management on Bitcoin L2
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Bitcoin’s growing layer 2 ecosystem has gained a boost with the integration of Stacks into institutional digital asset provider Haruko’s framework. The move will make it easier for institutions to learn about Bitcoin assets and DeFi products, which can be traded at a scalable L2 level in Stacks. Heaps It…
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ECB’s Holzmann says further rate cuts by the Bank could slam EUR and spike inflation
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Robert Holzmann is the Governor of the Austrian Central Bank and a member of the Governing Council of the European Central Bank, described by many critics as the A1 hawk at the table. Holzmann spoke in a radio interview on Saturday with public broadcaster ORF (Österreichischer Rundfunk, “Austrian Radio”). He…
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These are the S&P 500 historical returns during election years By Investing.com
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According to analysts, election years can be a time for strong returns in the stock market, as the S&P 500 has historically averaged 10% to 20% return since 1928. Interestingly, the third year of a president’s term appears to be the sweet spot, with analysts citing an average return of…
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Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
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Futu Holdings Limited, an online brokerage and wealth management platform, has announced the completion of a HK$440 million investment in Gravitation Fintech HK Limited. Gravitation Fintech is the parent company of Airstar Bank, a virtual bank licensed in Hong Kong. Following this investment, Foto now has an indirect stake of…
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USD continues its run to the upside. Dollar at new highs vs EUR, GBP, JPY, CHF AUD & NZD
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The US dollar continues to rise in an uptrend, with the US dollar making new highs against all major currency pairs except the Canadian dollar. Euro against the US dollar. EURUSD is testing the 38.2% retracement level of the upward move from the May 1 low. This level comes at…
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Traders Trust’s CEO Officially Launches New Platform
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Major US indices now trading all in positive territory. Silver getting hammered.
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Major US stock indices have now erased all declines. The gains were led by a 0.56% decline in the Dow Jones Industrial Average. The Nasdaq is now up 0.14%: The Dow Jones Industrial Average rose 213 points, or 0.56%, to 39,096 The S&P index rose 16.10 points, or 0.30%, to…