Category: Markets
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Why Wells Fargo says investors have key decisions to make amid Fed easing cycle By Investing.com
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Investing.com – It may be time for investors to make key decisions about their alternative cash allocations and fixed income positions as the Federal Reserve begins a policy easing drive, according to analysts at Wells Fargo. In a note to clients, analysts said carrying cash provides investors with a steady…
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US September UMich final consumer sentiment 70.1 vs 69.3 expected
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Prelim was 69.0 The previous was 67.9 Current conditions 63.3 vs preliminary 62.9 (previous 61.3) Expectations 74.4 vs preliminary 73.0 (previous 72.1) One-year inflation: 2.7% vs. 2.7% initial 5-year inflation 3.1% vs 3.1% initial Final revisions are rarely a market driver, but the chart shows how different this picture is…
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Boeing wage talks break off without progress to end strike, union says By Reuters
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(Reuters) – The International Association of Machinists and Aerospace Workers (IAM) said late on Friday that its talks on a pay deal with Boeing (NYSE:) have stalled, and that there are no further dates scheduled for negotiations at this time. “We are open to talks with the company, either directly…
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Israel strikes Hezbollah HQ and targets its leader
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Hezbollah leader Hassan Nasrallah The main target of the latest Israeli air strike on Beirut is said to be Hezbollah leader Hassan Nasrallah. The main headquarters is said to be located below the residential buildings. Israeli army spokesman Daniel Hagari said: He said: “Moments ago, the Israeli Defense Forces carried…
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US southeast faces daunting task cleaning up from Helene; death toll rises By Reuters
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Written by Rich McKay, Joseph Ax, and Andrew Hay ATLANTA (Reuters) – Authorities across a wide swath of the southeastern United States on Saturday faced the daunting task of clearing the area of Hurricane Helen, one of the most powerful hurricanes to hit the country, as the death toll continued…
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US southeast faces daunting task cleaning up from Helene; death toll rises By Reuters
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Written by Rich McKay, Joseph Ax, and Andrew Hay ATLANTA (Reuters) – Authorities across a wide swath of the southeastern United States on Saturday faced the daunting task of clearing the area of Hurricane Helen, one of the most powerful hurricanes to hit the country, as the death toll continued…
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Why Chinese currency strength is a trend to watch
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USD/CNY weekly Jamie MacGyver of Reuters comes out with a good column on the conundrum China faces as it seeks to stimulate the economy. He highlights that the moves could spark a rise in the yuan and that USD/CNY may also fall with US stimulus. He cites Stephen Jin –…
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Apple drops out of talks to join OpenAI investment round, WSJ says By Reuters
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(Reuters) – Apple Inc (NASDAQ:) has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The technology giant recently withdrew from the talks, which are scheduled to conclude next week, the newspaper said, citing a person familiar…
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More signs that there won’t be enough electricity
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Today Latitude Media spoke with Peter Freed, former director of energy strategy at Meta (he left in April) and he talked about the massive amount of power that will be required for data centers. This is in addition to green transition energy and chronic underinvestment in the grid. “Most of…
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BofA: Chart: Go short gold vs. silver. Entry, target, stop, and rationale
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Bank of America recommends shorting gold against silver at 83.50, with a target of 78.50/75.00 and a stop of 87.50. Key points: gold: Price targets for 2024 at 2368, 2538 and 2643 have already been achieved, with the next target at approximately 2733. However, Bank of America advises against chasing…
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Brazil’s top court rules X must pay pending fines to resume service By Reuters
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SAO PAULO/BRASILIA (Reuters) – The Brazilian Supreme Court said on Friday that social media platform X needs to pay just over $5 million in outstanding fines in order to resume its service in the country, according to a court document. Earlier this week, the Elon Musk-owned social platform informed the…
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China urges local companies to stay away from Nvidia AI chips – report
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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 more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Tesla revs up for action-packed October with Q3 deliveries, Robotaxi event ahead By Investing.com
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Investing.com – Tesla (NASDAQ:) is set to start an eventful October with third-quarter deliveries next week and a Robotaxi event later this month that some on Wall Street believe will show the electric car maker is making big strides toward transformation. . performance. “We believe this third-quarter delivery version could…
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Forexlive Americas FX news wrap: US PCE inflation cools
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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 more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Fed’s Bowman: Data points continue to show economic strength
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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 more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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S&P, Dow open higher after fresh inflation, consumer spending data By Investing.com
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Investing.com – U.S. stocks opened mostly higher on Friday after a batch of new economic data showed that the Federal Reserve’s preferred measure of inflation had slowed near its 2% target and that consumer spending growth was broadly flat. By 09:39 ET (13:39 GMT), the index had added 8 points,…
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Sell an October election year seasonal bounce in US dollar: BofA By Investing.com
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Investing.com – Bank of America said in a note on Friday that investors should consider selling the US dollar during a potential rebound next October, driven by historical seasonal patterns and current technical indicators. According to Bank of America, while there may be an initial rise in the price of…