Category: Markets
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Atlanta Fed GDPNow growth estimate for Q2
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The Atlanta Fed’s latest GDP growth estimate for the second quarter comes in at 2.7%, down from 3.5% on May 24. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 2.7% on May 31, down from…
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US lawmakers ask FBI for briefing on GenScript Biotech’s links to China By Reuters
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Written by Karen Freifeld (Reuters) – The U.S. House Committee on China has asked the FBI and intelligence agencies to provide a briefing on biotech company GenScript and three subsidiaries to determine whether the Chinese Communist Party has influence over their operations. In a letter dated May 30 to the…
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Finalto ODP Solutions and FMAS:24
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The Finance Magnates Africa Annual Conference (FMAS) is an essential event for the financial services sector, providing a platform for industry leaders to discuss the latest trends and regulatory developments. This year, FMAS:24 had special significance for us finalto sawhose ODP (over-the-counter derivatives provider) solutions have received significant attention. In…
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Soccer-Everton takeover by US private equity firm falls through By Reuters
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(Reuters) – Premier League club Everton said on Saturday that the takeover agreement with potential owner 777 Partners had expired after the American private equity firm failed to complete the acquisition of a majority stake in Farhad Moshiri by Friday’s deadline. In September, the Miami-based investment fund said it had…
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HFM Wins The “Best Copy Trading Broker” Award at FMAS:24
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HIFMone of The largest brokers regulated by the South African authorities And the global favorite broker, he was honored with the ‘Best Copy Trading Broker Award In FMAS:24 is a tribute to their reinvention Market leading copy trading software and trading conditions. Copy tradingHFM’s innovative copy trading feature transcends geographical…
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Geopolitics: Biden proposes a three-step process for Israel/Hamas
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Wild. Biden proposed a three-stage plan for peace in the Middle East: The first stage: a complete ceasefire and withdrawal of Israeli forces from populated areas in Gaza. The Palestinians will return to their homes. During the first phase, Israel and Hamas will negotiate a second phase that would permanently…
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Boeing’s Starliner capsule set for launch of first crewed space flight By Reuters
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Written by Joey Rowlett and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – Boeing Co.’s (NYSE:) new Starliner astronaut capsule is scheduled to launch on Saturday in its long-delayed first crewed test flight, a milestone in the beleaguered aviation giant’s goal to compete with Elon Musk’s SpaceX in outer space. Astronaut…
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iFOREX Launches AI Trading Assistant for Instant User Support
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Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion on “Regulation, Trust and the Future of Trade in Africa” Panel discussion…
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Why bond yields are likely to end the year lower By Investing.com
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The US bond market continues its volatile performance in 2024, with Treasury yields recently reaching four-week highs. However, despite the near-term strength, strategists at UBS believe bond yields are likely to end the year lower, due to several macroeconomic factors. Primarily, inflation in the United States is among the main…
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Highlights for next week: Bank of Canada and ECB are expected to cut rates. US jobs report
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Two central banks meet next week and are expected to cut interest rates. The Bank of Canada will announce its interest rate decision at 9:45 a.m. on Wednesday. They are expected to reduce the interest rate to 4.75% from 5.0%. The last policy change was in July 2023 when they…
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Live Nation probing Ticketmaster hack amid user data leak concerns By Reuters
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Written by Zeba Siddiqui SAN FRANCISCO (Reuters) – Live Nation Entertainment (NYSE:) said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a series of high-profile corporate hacks in the past year. In a filing with the US…
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Mastercard and Ant Group Launch New Program to Boost Travel and Business in China
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Ant Group and Mastercard have introduced a new program to boost tourism and local businesses in Shanghai, China. These financial giants, along with 12 third-party payment partners of Alipay+ and other major international card institutions, launched the International Consumer Friendly Zones Program today (Friday) to stimulate economic growth in the…
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Asia FX weak, dollar at over 2-week high before more rate, inflation cues By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, while the dollar rose above two-week highs on caution ahead of more key signals on U.S. inflation and interest rates in the coming days. Regional currencies are still reeling from a series of hawkish signals from the Federal Reserve, with officials warning…
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US stocks rebound into the close.
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Major indexes rose strongly at the close as end-of-month flows erased previous declines: The Dow Jones index rose 574.84 points, or 1.51%, to 38,686.31 points. The gain was the biggest one-day gain since November 2, 2023 The Standard & Poor’s Index rose 42.03 points, or 0.80%, to 5,277.50 points. At…
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Tesla shareholder sues Musk for alleged $7.5 billion insider trading By Reuters
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(Reuters) – A Tesla (NASDAQ:) shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold more than $7.5 billion in shares of the electric car maker in late 2022, saying the businessman… The billionaire sold the stock before it was disappointing. Production and delivery…
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Prop Trading: Three Months after Suspending US Services, Alpha Capital Promises Comeback
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Private trading firm Alpha Capital Group plans to return to the United States after suspending purchases for clients in the region in February. In a post on X, the company said it plans to launch a futures and regulated deposit brokerage platform in Seychelles in June. “June will be a…
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Dollar steadies ahead of U.S. growth, inflation data By Investing.com
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Investing.com – The U.S. dollar settled near two-week highs in early European trading on Thursday, supported by rising yields and increasing conviction that the Federal Reserve won’t cut interest rates anytime soon. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Forexlive Americas FX news wrap 31 May: US PCE doesn’t scare. Yields lower. US down and up
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The big event this week was the core personal consumption expenditures data in the US. The Core Personal Consumption Expenditures Index is the Fed’s preferred measure of inflation. Expectations were for an increase of 0.3%. The actual increase was approximated to 0.2% for the basic measurement. In fact, the unrounded…
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 1.51% By Investing.com
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Investing.com – US stocks were mixed after the close on Friday, as gains in , sectors led stocks higher while losses in , sectors sent stocks lower. At the end of trading on the New York Stock Exchange, the index rose by 1.51%, while the index added 0.80%, and the…