Category: Markets
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Stock market rally: 14 of world’s 20 biggest markets hit record highs
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From New York to London to Tokyo, if there is one similarity among global stock markets it is this: record highs. Of the world’s 20 largest stock markets, 14 recently reached all-time highs. The MSCI ACWI index, which tracks developed and emerging markets, hit a record high, hitting another new…
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UBS warns gold prices may pull back soon, remains bullish long-term By Investing.com
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In a note to clients, UBS analysts asked investors to consider portfolio hedges amid ongoing macroeconomic uncertainty. However, they noted that although gold has traditionally served as a safe-haven asset, there are potential headwinds in the short-term. Specifically, if markets lower their expectations for an interest rate cut by the…
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B2Broker Attending FMAS:24 as Industry Leader
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The final countdown to the Finance Magnates Africa Summit (FMAS:24) is under way in Sandton City. As one of the most anticipated events of the year, the industry’s leading brokers are expected to be in attendance, including B2Broker. Ahead of the event, Finance Magnates spoke with B2Broker’s Chief Dealing Officer…
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From Tokyo to New York, Stock Markets Are on a Record-Hitting Spree Around the World
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Breadcrumb links BMN Business From New York to London to Tokyo, if there is one similarity among global stock markets it is this: record highs. Article writer: Bloomberg News Jean-Patrick Barnert, Alexandra Semenova, Geoffrey Morgan, and Michael Msika Posted on May 18, 2024 • 4 minutes read You can save…
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Rising yields put some pressure on equities
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SPX daily The energy market may be the tail wagging the dog today. West Texas Intermediate crude rose 1% and is near $80, while July natural gas is near $2.75 as US production declines. Oil was as low as $76.70 on Wednesday, but quickly turned around after signs emerged that…
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Insiders share the best and worst things about working at Amazon By Investing.com
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Amazon (NASDAQ:), one of the world’s largest e-commerce and cloud computing companies, is known for its efficiency and innovation. However, former employees shared mixed experiences about what it’s like to work at the tech giant, highlighting the benefits and challenges. One common positive aspect noted by former employees is the…
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Insiders share the best and worst things about working at Amazon By Investing.com
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Amazon (NASDAQ:), one of the world’s largest e-commerce and cloud computing companies, is known for its efficiency and innovation. However, former employees shared mixed experiences about what it’s like to work at the tech giant, highlighting the benefits and challenges. One common positive aspect noted by former employees is the…
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Bank of America: The soft-landing scenario is unfolding
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Here’s a note from Bank of America yesterday: April payrolls (175K) were lower than expected and April CPI (core: down to 3.6% y/y and 0.3% m/m) led the Fed to push its first rate cut from November to September . The yield on the 10-year US Treasury note fell from…
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The ‘Magnificent 7’ term needs to be retired after Q1 earnings: Goldman Sachs By Investing.com
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Goldman Sachs noticed a major shift among major technology companies, often dubbed the “Magnificent Seven,” following its first-quarter results. Collectively, Apple Inc (NASDAQ:)., Amazon.com Inc (NASDAQ:)., Alphabet (NASDAQ:) Inc., Meta Platforms Inc (NASDAQ:)., Microsoft Corporation (NASDAQ:), NVIDIA Corporation (NASDAQ:). ? Tesla (NASDAQ:) Inc. An increase in its profits by 48%…
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Tickmill Integrates Copy Trading Platform of SoFinX
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Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Vmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…
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Crude oil for July settled at $79.58
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Crude Oil Futures Bring Back Wind That Brings Our Tailor At $79.58. At $0.84 per day. The selling price is close to today’s high. The low for the day was $78.61. During the trading week, the price rose by 1.87%. Technically, the price is trading between the 100-day moving average…
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Boeing Starliner’s debut crewed flight delayed again to check helium leak By Reuters
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WASHINGTON (Reuters) – NASA and Boeing (NYSE:) said they postponed the launch of the Boeing Starliner crew capsule again on Friday, giving them four more days to evaluate a helium leak before attempting to launch the spacecraft’s first two astronauts into space. Friday. The Starliner’s takeoff from Florida was postponed…
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Binance and Taiwan Collaborate to Resolve $6.2 Million Crypto Fraud
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Binance’s Financial Crimes Compliance Department has partnered with the Investigation Bureau of the Taiwanese Ministry of Justice and the Taipei District Prosecutor’s Office to address a money laundering case involving NT$200 million ($6.2 million) in digital asset fraud. Collecting evidence in a crypto fraud case An official statement revealed that…
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Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports By Reuters
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(Reuters) – Sony (NYSE:) Pictures Entertainment and Apollo Global Management (NYSE:) have signed nondisclosure agreements allowing them to look at Paramount’s books ahead of a potential bid to buy the movie studio’s assets, the New York Times reported Friday, citing people familiar with the material. The newspaper said that the…
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Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
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A Nigerian court ruling today (Friday) has paved the way for Binance CEO Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in the ongoing tax evasion case. Along with Gambarian, a US citizen and head of financial crimes compliance, British-Kenyan national Nadeem Angarwala, regional director for Africa,…
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US stocks rally into the close but close mixed. Dow closing above 40K for the 1st time.
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Major US stock indexes rose at the close and it appears the Dow Jones not only closed at a record high, but also closed above 40,000 for the first time. The Dow Jones is the least favorite of the major indices, but it is the one that gets America most…
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Deutsche Bank lifts S&P 500 target on strong earnings By Investing.com
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Strategists at Deutsche Bank increased their target for the end of the year to 5,500, compared to the previous 5,100. The review is based on a strong earnings cycle and the expectation that market confidence will grow by the end of the year, which should positively impact US stocks. “We…
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Prop Trading Firm ‘The Trading Pit’ Undergoes Leadership Shifts
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Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Fmas: 24 | catch a glance Here’s a sneak peek at FMAS:24’s vibrant atmosphere! Join us at Africa’s premier financial…