Category: Markets
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Kosmos Energy stock gains as Q1 earnings top estimates By Investing.com
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Dallas – COSMOS ENERGY LIMITED . (NYSE:) reported earnings beat for the first quarter of 2024, with adjusted earnings per share (EPS) coming in at $0.21, beating analysts’ expectations by $0.04. However, the company’s revenue of $419.1 million was below the consensus estimate of $422.68 million. Despite the slight shortfall…
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RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
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As expected, the Reserve Bank of Australia (RBA) kept interest rates at 4.35% in May. The Central Bank statement indicated this Inflation is expected to return to the target range of 2%-3% in the second half of 2025 and to 2.5% in 2026. Short-term inflation will “fall more slowly over…
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France March trade balance -€5.5 billion vs -€5.2 billion prior
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Italian shoemaker Tod’s to court US lovers of quiet luxury By Reuters
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Written by Elisa Anzolin and Valentina Za MILAN (Reuters) – An LVMH-backed investment firm is betting that demand from wealthy Americans for quiet luxury will ensure its 510 million euros ($545 million) stake in Italian shoemaker Tod generates the double-digit returns typically sought by private equity. L Catterton, set up…
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How Project Mandala Aims to Smash the Silos of International Payments
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The world is an interconnected tapestry, a web woven from the threads of trade, investment and cultural exchange. Yet the lifeblood of this connection – the flow of money across borders – remains sluggish, bogged down in a bureaucratic quagmire. Disparate regulations, a maze of compliance hurdles, and a lack…
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Daily Broad Market Recap – May 6, 2024
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Major financial assets started the week quietly as the lack of market drivers gave traders room to prepare for potential catalysts this week. How did your favorite assets perform yesterday? Titles: Caixin China Public Service PMI For April: 52.5 vs. 52.7 previously; Price indices rose. Composite PMI improved from 52.7…
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Bank of England Financial Policy Committee member Hall speaks on Tuesday
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Federal judge sends FedEx contractor’s racketeering claim to arbitration By Reuters
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LOS ANGELES (Reuters) – A federal judge ruled on Monday that a small company contracted to deliver packages for FedEx (NYSE:) on the California-Oregon border must go to arbitration with FedEx over claims it made against the company for extortion and other alleged legal violations. . In granting FedEx Ground’s…
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Mastercard and I&M Extend Alliance Enhancing Cardholder Value in Kenya
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Mastercard and I&M Bank have announced the extension of their strategic collaboration through an 8-year alliance aimed at enhancing value propositions for cardholders in Kenya. The partnership aims to provide benefits through distinct competitive customer value propositions offered by I&M Bank’s debit and credit card portfolio. Providing valuable and secure…
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Forexlive Americas FX news wrap 6 May: US stocks extend gains from last week. USD mixed.
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It was a quiet day on the economic events front with only April ’employment trends’ on the economic calendar. This index fell to its lowest level since May 2021, but the market largely ignored it. There were two Fed officials speaking. President of the Federal Reserve Bank of Richmond Barkin…
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Matterport (NASDAQ:MTTR) Reports Q1 In Line With Expectations, To Be Acquired By Stock Story
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Real estate-focused virtual reality platform Matterport (NASDAQ:) reported results in line with analyst expectations in the first quarter of fiscal 2024, with revenue rising 4.9% year over year to $39.87 million. It had a non-GAAP loss of $0.01 per share, improving from its loss of $0.07 per share in the…
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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
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A recent study by Visa and Allium Labs revealed that more than 90% of stablecoin transactions do not originate from real users. These findings raise questions about the potential for stablecoins to revolutionize the payments sector despite industry leaders’ optimism and overall positive market sentiment. Potential of stablecoins in payments…
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USD/JPY buyers face ‘treacherous’ path ahead as Japan likely to intervene again By Investing.com
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Investing.com – The bet on the dollar against the yen has been a hot forex trade that has dominated flows, but the trade could now head down a “treacherous” path ahead, Macquarie warns, with Japan likely to follow suit. Last week’s intervention that sent the Japanese currency higher amid revived…
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Stronghold Digital Mining beats Q1 EBITDA expectations By Investing.com
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In the first quarter of 2024, Stronghold Digital Mining (NASDAQ: SDIG) reported a significant beat on its EBITDA guidance, achieving nearly $9 million against the over $5 million that was forecasted. The company, which prides itself on being an environmentally beneficial and vertically integrated miner, highlighted its low cost of…
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Crypto.com Hits 100 Million User Milestone, Credits Marketing Campaigns
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Crypto.com has reached a new milestone by surpassing 100 million global users, marking a major achievement for the company since its inception in 2016. The cryptocurrency exchange attributes this achievement to its recent marketing campaign, which included partnerships with well-known personalities, places and celebrities. Events. Partnerships drive Crypto.com Some of…
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2 Ways You Can Speed Up The Learning Curve of Your Trading Process Changes
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What do Michael Jordan, Conor McGregor and Taylor Swift have in common? If you answered “They all have Netflix documentaries.” Then you are right. You probably also have a lot of time on your hands. Another thing they have in common is that they excel in their respective fields and…
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Employment trends for April 111.25 versus 112.16 last month (revised from 112.84).
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…