Category: Markets
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Kimbell Royalty Partners posts record Q1 results By Investing.com
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Kimbell Royalty Partners (NYSE:), an owner of oil and mineral and royalty interests in the U.S., reported a record-setting first quarter in 2024 with new highs in daily production, revenue, and EBITDA. The company announced a distribution increase of 14% to $0.49 per common unit and remains optimistic about the…
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Coinbase Rides Bitcoin ETF Wave as Profits Soar past $1B in Q1
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Coinbase released its Q1 2024 report, showcasing a massive 72% QoQ increase in total revenue to $1.6 billion. This increase was accompanied by a significant net income of $1,176 billion, representing an increase of 1,588% year over year. This figure represents a turnaround from a net loss of $79 million…
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Stablecoin Tether steps up monitoring in bid to combat illicit finance By Reuters
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Written by Elizabeth Howcroft LONDON (Reuters) – The world’s largest stablecoin has stepped up monitoring of how its tokens are used in the broader cryptocurrency and payments markets in a bid to combat illicit financing, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the US dollar,…
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ICYMI – BOJ data suggests significant additional yen-buying intervention this week
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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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Exelon reports steady progress and regulatory wins By Investing.com
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Exelon Corporation (NASDAQ:) has reported its first quarter earnings, indicating a solid performance with earnings of $0.66 per share on a GAAP basis and $0.68 per share on a non-GAAP basis. The energy giant is on track to meet its annual financial expectations and has made significant strides on the…
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Interactive Brokers Expands Offerings with Daily Options on French Stocks
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…
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Dollar still has upside potential
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Investing.com – The US dollar pulled back from its highest levels in nearly six months after Federal Reserve Chair Jerome Powell reiterated the central bank’s dovish bias, raising the possibility of a stronger dollar sell-off ahead. However, Barclays still sees potential for the dollar to rise further. “Parts of the…
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Preview: March non-farm payrolls by the numbers — the highest consensus since 2022
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Image by Amnesty International What to expect: Consensus Estimate +243K (range +150 to +280K) Special estimate +190k versus +232k previously February +303K Consensus estimate for unemployment rate: 3.8% vs. 3.8% previously Participation rate: 62.7% previously Previous underemployment U6 7.3% Average Hourly Earnings YoY Expected +4.0% YoY vs. +4.1% previously Average…
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Pakistan pushes back deadline for expressions of interest to buy national airline By Reuters
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ISLAMABAD (Reuters) – Pakistan will postpone the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the privatization minister said on Thursday. The extension, announced in a statement by Investment and Privatization Minister Abdul Aleem Khan, came one day before the expression of…
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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
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In a legal saga that has captured international attention, a Nigerian court has postponed the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the stock exchange informed the court that he had not been served. With…
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Yen slightly higher after suspected intervention By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The yen rose slightly on Thursday after a surprise rise late Wednesday that analysts attributed to intervention by Japanese authorities, while the dollar also rose broadly. The yen’s sharp move on Wednesday came during a quiet period for markets after Wall Street…
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FOMC Holds Rates Steady, Reiterates ‘Lack of Progress’ on Inflation
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As expected, the Federal Open Market Committee (FOMC) kept interest rates unchanged at 5.25-5.50% during its May meeting. However, US central bank officials agreed to slow the pace of reducing bond holdings on their balance sheet, leading to a slight easing of monetary policy. The Federal Open Market Committee kept…
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EURUSD falls below key moving averages and sees increased selling pressure.
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EURUSD breaks lower and moves away from the 100/200 hourly moving averages Admittedly, EURUSD is trading near the middle of the range between 1.0550 and 1.0743. The range has been in effect for the last 6 trading days or so. When the market moves up and down, moving averages move…
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Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports By Reuters
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(Reuters) – Chubb, the insurer of the Francis Scott Key Bridge in Baltimore that collapsed in March, is preparing to pay $350 million in damages to the state of Maryland, The Wall Street Journal reported on Thursday. The report said the payment is expected to be approved within weeks, citing…
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US Stock Futures Gain as Rates Relief Sets In: Markets Wrap
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(Bloomberg) — U.S. stock futures rose as traders took comfort from the Federal Reserve’s signal there is no plan to raise interest rates and looked forward to Apple Inc.’s upcoming earnings. Most read from Bloomberg S&P 500 futures rose 0.7%, with Apple and Amazon.com Inc. Nvidia Corp. gains small in…
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FMAS:24 Gold & Black Closing Party – Everything You Need
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The Finance Magnates Africa Summit (FMAS:24) will take place in less than three weeks, bringing together leading industry experts, traders and brands for an unforgettable event. This premium event will be held from May 20 to 22 in Sandton City, South Africa, and will include more content, attendees and live…
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Dollar stabilizes after Powell speech; labor market data in focus By Investing.com
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Investing.com – The U.S. dollar steadied on Thursday after falling sharply overnight following Federal Reserve Chairman Jerome Powell ruling out any rate hikes, while the Japanese yen was volatile amid talk of intervention. At 06:00 EST (10:00 GMT), the dollar index, which tracks the greenback against a basket of six…
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Daily Broad Market Recap – May 1, 2024
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Financial markets witnessed a mixed performance in the past trading sessions, as there were a lot of factors at play even before the announcement of the long-awaited FOMC decision. Read on to find out how it all happened! Titles: The final S&P Global Japan manufacturing PMI for April fell from…
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Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected
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In the Eurozone, the April manufacturing PMI was 45.7 versus 45.6 expected and 46.1 previously. Key findings: Eurozone HCOB manufacturing PMI at 45.7 (March: 46.1). Lowest level in 4 months. Eurozone HCOB manufacturing PMI output index at 47.3 (March: 47.1). Highest level in 12 months. Factory output is falling at…
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Crypto Whales, Their Impact On Crypto Markets And Why You Should Track Them To Succeed In Trades
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What power do crypto whales hold in the digital asset market, and how can their trades dictate the market’s direction? Crypto whales, holding substantial crypto coin quantities, can single-handedly affect price swings and liquidity, shaping how all market participants act. Understanding the influence of a crypto whale is key to…