Category: Markets
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OpenAI to remove non-profit control and give Sam Altman equity, sources say By Reuters
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Written by Crystal Ho and Kenrick Kay SAN FRANCISCO (Reuters) – ChatGPT maker OpenAI is working on a plan to restructure its core business into a for-profit company that would not be controlled by its nonprofit board, people familiar with the matter told Reuters, a move that would make the…
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Asia FX firms as dollar steadies before Powell, inflation cues By Investing.com
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Most Asian currencies rose on Thursday while the dollar held steady ahead of further signals on interest rates, particularly from Federal Reserve Chairman Jerome Powell’s speech later in the day. The Chinese yuan extended gains after hitting a 16-month high as traders took comfort from Beijing’s stimulus measures earlier this…
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Chart Art: WTI Crude Oil (USOIL) Still Stalling Around Area of Interest!
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WTI Crude Oil Traders Can’t Make Up Their Mind! The energy commodity is still trading in its visible zone of interest on the 4-hour time frame, with several inflection points extending across the area. Will the trend continue in the long term? Crude Oil WTI (USOIL) Forex 4 Hours Chart…
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Federal Reserve speakers on Thursday include Powell and Williams, dissenter Bowman also
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Watch for signals on the next rate cut from the Federal Open Market Committee. Expectations are currently growing for another 50 basis point rate cut at the November meeting. The times listed below are US Eastern Standard Time / GMT: 0910/1310 Boston Fed President Susan Collins hosts virtual conversation with…
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Nvidia supplier SK Hynix’s shares rally as mass production of latest HBM chips begins By Reuters
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Written by Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Shares of SK Hynix jumped more than 9 percent on Thursday after the South Korean company began mass production of its most advanced high-bandwidth memory chips, advancing in a race to meet demand from the artificial intelligence boom. Shares of…
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Stocks are mirroring the early days of one of history’s biggest bull markets, hedge fund manager says
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Getty; Chelsea Jia Feng/PI Hedge fund manager Eric Jackson believes the “everything rally” in the stock market could continue. Jackson compared the current economic environment to the bull market of 1982, when prices fell and the economy grew. Lower interest rates, economic growth and yield curve shifts are working in…
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Stocks are mirroring the early days of one of history’s biggest bull markets, hedge fund manager says
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Getty; Chelsea Jia Feng/PI Hedge fund manager Eric Jackson believes the “everything rally” in the stock market could continue. Jackson compared the current economic environment to the bull market of 1982, when prices fell and the economy grew. Lower interest rates, economic growth and yield curve shifts are working in…
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RBA says around 2% of owner occupiers in real danger of defaulting
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Reserve Bank of Australia Financial Stability Review, September 2024. Headlines via Reuters: The Australian financial system is resilient and risks are limited. Risks include pressures on China’s financial sector and the lack of a significant response from Beijing. Lower global risk premiums and higher leverage would increase the risk of…
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Caterer Sodexo weighs acquisition of US rival Aramark, Bloomberg News reports By Reuters
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(Reuters) – French food service company Sodexo is considering a possible acquisition of U.S. rival Aramark, Bloomberg News reported on Wednesday. Sodexo has been periodically discussing the deal with food and facilities management company Aramark in recent months, the reports said, citing people familiar with the matter. But there is…
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BCA suggest that the stimulus announced from China is 1990s Japan all over again
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In a note, analysts at Credit Analyst noted that the People’s Bank of China’s monetary easing measures could provide a short-term boost to market sentiment. However, drawing comparisons to Japan’s housing crisis in the 1990s, they cautioned that monetary easing alone is unlikely to halt the deflationary spiral or spark…
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InfuSystem director Kenneth Eichenbaum buys $23,560 in company stock By Investing.com
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InfuSystem Holdings, Inc. (NYSE:INFU) CEO Kenneth D. Eichenbaum recently made a notable investment in the company’s stock. On September 23, Eichenbaum bought 4,000 shares of InfuSystem common stock, investing a total of $23,560 at an average price of $5.89 per share. The deal was made public and represents a vote…
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China stimulus adds to reasons to stay long AUD
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Investing.com – UBS noted that news of additional Chinese stimulus has proven to be a clear boost for risk assets, providing further reason to maintain a long position in the Australian dollar. The USD/JPY pair was down 0.3% at 0.6872 at 07:55 ET (11:55 GMT), having fallen on Wednesday, but…
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Economic calendar Asia Thursday, September 26: Bank of Japan meeting minutes, RBA info too
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks 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…
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Policy divergence should support GBP/USD flows
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Investing.com – The Federal Reserve kicked off its easing cycle by cutting interest rates by 50 basis points, while the Bank of England is seen as moving on a more gradual easing path. UBS said this divergence should continue to fuel positive investment flows into GBP/USD. The USD/JPY pair was…
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Russian Putin: Current military – political situation is changing dynamically
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A number of clarifications have been proposed regarding the definition of the conditions for the use of nuclear weapons. The current military and political situation in the world is changing dynamically, and we must take this into account. We are witnessing the emergence of new sources of military threats and…
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Russian Putin: Current military – political situation is changing dynamically
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A number of clarifications have been proposed regarding the definition of the conditions for the use of nuclear weapons. The current military and political situation in the world is changing dynamically, and we must take this into account. We are witnessing the emergence of new sources of military threats and…
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Wall Street mixed as investors await Fed rate clues, data By Reuters
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By Johann M. Cherian and Purvi Agrawal (Reuters) – Wall Street’s main indexes were mixed on Wednesday, with the index nearing a record high, as investors awaited more clues on the state of the economy and the next interest rate cut. The three main U.S. economic indicators rose to post…
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Volatility in EUR/GBP currency pair to remain supressed
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The European Central Bank and the Bank of England are likely to adopt “similar” stances on monetary policy going forward, although the BoE is expected to adopt a slightly more hawkish approach, according to analysts at UBS. In a note to clients, analysts added that the economic situation in the…
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How to Deal With Trading Boredom
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Trading, whether in currencies, stocks or options, is usually associated with money and risk – things that most people find very exciting. But the truth is that there is Sooo There is so much work behind the scenes that many beginners quit when boredom sets in. Those who start trading…