Category: Markets
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OpenAI, News Corp sign content sharing deal; shares surge By Investing.com
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Investing.com — Artificial intelligence major OpenAI and News Corp (NASDAQ:) said Wednesday they have signed an agreement under which OpenAI will be given access to some of the biggest news publications under the media powerhouse. News of the deal saw News Corp shares rise in after-hours trading, with its Class…
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Saxo Bank Names Casper Solbakken as the Global Head of Commercial Offering and Experience
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Saxo Bank has appointed Casper Andreas Solbakken as Global Head of Commercial Offerings and Experiences. Solbakken has worked with the online trading and investing company for over 18 years in various positions. Since July last year, he has been Global Head of Products, Pricing and Platforms. 18 years at Saxo…
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Dollar steady; Fed speakers could provide impetus By Investing.com
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Investing.com – The US dollar traded in a narrow range on Tuesday, holding steady as traders looked for new clues about the expected timing and extent of federal interest rate cuts this year. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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Daily Broad Market Recap – May 21, 2024
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Major financial assets saw relatively light volatility as traders waited for expected reports scheduled for later this week. Crude Oil fell on concerns about the impact of “higher for longer” global interest rates while Ethereum (ETH/USD) got a boost from optimism over ETF approval. Most major forex currencies were in…
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US stocks closed lower ahead of Nvidia earnings
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All major US stock indices closed lower, led by the Dow Jones Industrial Average, which fell -0.51%. Nvidia’s post-close earnings were released with expectations of $5.65 on revenue of $24.69 billion (give or take – I see other estimates of $5.60 on $24.60 billion). The company reported adjusted EPS of…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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Bristol Myers, Sanofi liability in Hawaii Plavix case grows to $916 million By Reuters
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Written by Brendan Pearson (Reuters) – A Hawaii judge on Tuesday ordered Bristol-Myers (NYSE:) Squibb Inc Sanofi (NASDAQ:) to pay more than $916 million to the state for failing to warn nonwhite patients about health risks from the blood-thinner Plavix, up from a previous judgment of $834 million. The ruling…
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ETFs Surge 47% among US Retail Investors, Thanks to Millennials and Gen-Z
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Exchange-traded funds (ETFs) are becoming increasingly popular among retail investors in the United States, with their usage rising from 31% in 2018 to 47% in 2023 and expected to exceed 50% by 2025. According to a study by Broadridge Financial Solutions Millennials and Generation Z investors are increasing their market…
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…
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4 Tips In Forming New Trading Habits
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Now that we are approaching the end of the first half of the year, I think it would be a good time to start talking about habits. Have you succeeded in creating the habits you said you would at the beginning of the year? If you don’t, here are some…
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The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
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The Reserve Bank of New Zealand kept interest rates unchanged but raised its forecasts for future interest rates. This was more stringent and sent the NZD/USD pair higher. But after reaching the swing zone resistance between 0.6148 and 0.6159, buyers turned to sellers. It was believed that Governor Orr’s comments…
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A Side-by-Side Look at FX/CFDs Brokers’ Offerings
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Proprietary trading has become a hot topic in recent months, drawing attention from retail investors and sparking regulation controversies. After unlicensed companies failed to maintain traders’ trust, FX/CFD brokers started offering prop trading services, recognizing a new niche in the industry. As experts interviewed by Finance Magnates claim, the niche…
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UBS maintains key G10 currency views, sees USD strength By Investing.com
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UBS released a report on the current foreign exchange environment, maintaining its key views on the G10 currency and forecasting continued US dollar strength. The company stressed that although the markets are reducing the range of divergence in priced policies, there is no compelling reason to change its expectations. Equities…
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Chart Art: Gold (XAU/USD) Correction to Area of Interest
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Did you miss gold’s strong breakout? This could be your chance to follow the trend if you are still bullish on the precious metal! Take a look at this confluence of levels I’m seeing on the 4-hour time frame. Gold (XAU/USD) 4-Hour Frame Chart by TradingView Watch out, gold bugs!…
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Dollar keeps steadier on higher yields, cautious risk mood
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Bond yields rose after the UK CPI report was released earlier, helping to support the USD/JPY pair slightly. The pair rose by 0.2% to reach 156.47, as it continues to close at the highest level recorded last week at 156.78. This comes as 10-year Treasury yields rose by 2.9 basis…
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electric vehicle tariffs are a trap By Reuters
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Written by Joseph White and Christoph Stetz MUNICH (Reuters) – Stellantis (NYSE:) expects a big fight with Chinese rivals in the European electric vehicle market and expects serious consequences as a result, group CEO Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese cars imported into Europe and the…
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European markets dip after UK inflation misses forecast (EUR:USD)
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Da-kook/E+ via Getty Images LONDON (UKX) -0.45% UK inflation fell to 2.3% in April, higher than market expectations of 2.1%. However, it is the lowest since July 2021. UK public sector net borrowing rose to £20.5 billion in April. Germany (DAX:IND) -0.20% France (CAC:IND) -0.43% Sweden’s unemployment rate rose to…
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Playtech Reports “Solid Trading Performance” in First Four Months of 2024
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London-listed Playtech plc (LSE: PTEC) has updated its trading for the first four months of 2024, reporting strong trading performance driven by “strong fundamental trends”. However, the company did not provide any specific numbers in the summary report published on Wednesday morning. Playtech’s B2B division is performing well Playtech’s B2B…
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Asia FX subdued as Fed minutes approach; NZD surges on hawkish RBNZ By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday as the dollar held steady in anticipation of more signals on U.S. interest rates from the minutes of the Federal Reserve’s latest meeting. The New Zealand dollar was an exception, rising sharply after the Reserve Bank of New Zealand took a…