Category: Markets
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Samsung India strike puts spotlight on powerful Indian labour group By Reuters
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Written by Monsef Vengatil and Praveen Paramasivam CHENNAI (Reuters) – A strike by workers in India that has disrupted production at a Samsung plant has put the spotlight on a politically backed labour group that has quietly rallied the South Korean company’s employees and is now planning to expand its…
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US stocks are trading higher and looking to extend win-streaks for the broader indices
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Major US stock indexes open modestly higher. As the day begins, the S&P and Nasdaq are on a four-day winning streak, looking to extend it to five straight days this week. It’s Friday the 13th. Can markets rise above this jinx? The current market snapshot shows: The Dow Jones Industrial…
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US stocks are trading higher and looking to extend win-streaks for the broader indices
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Major US stock indexes open modestly higher. As the day begins, the S&P and Nasdaq are on a four-day winning streak, looking to extend it to five straight days this week. It’s Friday the 13th. Can markets rise above this jinx? The current market snapshot shows: The Dow Jones Industrial…
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Roots Corporation Q2 2024 sales dip, debt reduction on track By Investing.com
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Roots Corporation (ROOT), a prominent lifestyle brand, reported a slight decrease in sales for the second quarter of 2024 during its Analyst Conference Call on September 13, 2024. Despite the sales dip, the company successfully reduced its net debt and maintained stable adjusted EBITDA losses. CEO Meghan Roach highlighted the…
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USDCAD a little higher on the week but gives up gains. What’s ahead for the pair?
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USD/CAD closed the week at 1.3558. The current price is slightly higher at 1.3580. The high for the week was 1.3622 on Wednesday. This move took the price above a swing high at 1.36188, but it quickly pulled back down. The high was capped before 38.2% of the move down…
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SelectQuote sees robust growth in Q4, projects mixed outlook By Investing.com
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SelectQuote Inc. (NYSE:), a leading provider of insurance products, reported a strong performance in its fourth-quarter earnings call for the fiscal year 2024. CEO Tim Danker highlighted significant revenue growth, particularly in the Senior Medicare Advantage and Healthcare Services (NASDAQ:) segments. The company’s revenue and adjusted EBITDA both surpassed expectations,…
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Paulson on CNBC: He favors a 50 basis point cut by the Fed
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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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Factbox-What are India’s antitrust findings against Amazon, Flipkart By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – India’s antitrust investigation has found that Amazon.com Inc and Walmart Inc’s Flipkart violated local competition laws by giving preference to some sellers, prioritizing some listings and cutting product prices sharply to the detriment of other companies. Here are the key findings of…
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That’s a wrap for the European stock markets.
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That was the end of the trading week for European stock indices, and they ended the day with gains, and the week with gains as well. For trading day: German DAX +0.92% French CAC 40 index, +0.41%. UK FTSE 100 +0.39% Spanish IBEX, +1.23% Italy’s FTSE MIB rises 0.34% For…
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Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says By Reuters
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DUBLIN (Reuters) – A prolonged strike by Boeing workers could cut the number of planes Ryanair receives by next summer to 20 from an expected 25, Chief Executive Michael O’Reilly said on Saturday. O’Reilly said his Irish low-cost airline, one of Boeing’s biggest customers, was supposed to take delivery of…
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Fitch: If this is an extended strike you could see Boeing downgraded
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Boeing machinists went on strike after refusing a 25% pay raise, shutting down the manufacturing plant. Here are the key points from Boeing’s CFO statement: Impact of the strikeThe strike would jeopardize the recovery process, and affect production and deliveries. save money:Strong focus on measures to preserve money Union negotiationsI…
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Fitch: If this is an extended strike you could see Boeing downgraded
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Boeing machinists went on strike after refusing a 25% pay raise, shutting down the manufacturing plant. Here are the key points from Boeing’s CFO statement: Impact of the strikeThe strike would jeopardize the recovery process, and affect production and deliveries. save money:Strong focus on measures to preserve money Union negotiationsI…
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Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart By Reuters
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Written by Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone makers colluded with Amazon.com Inc and Walmart Inc’s Flipkart to launch products exclusively on the e-commerce companies’ Indian websites in violation of antitrust laws, according to regulatory filings seen by Reuters. Reuters reported this week that antitrust…
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Will Fed rate cuts really be negative for USD/JPY? By Investing.com
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The potential impact of a Fed rate cut on the pair is a critical issue for investors and currency strategists, especially as we approach a potential Fed rate cut in 2024. With the Fed and the Bank of Japan’s divergent monetary policies, market participants are divided on whether interest rate…
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Crude oil trades into negative territory
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Crude oil is now trading in negative territory at $69.08, down from its high of $70.32. Looking at the hourly chart, the price of gold has moved above its 200-hour moving average (currently at $68.93) this week on its way to its highest level today. Today’s bullish move also broke…
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China EV – What are investors focused on? By Investing.com
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Investing.com – After China’s electric vehicle sector weathered a tough period, investor sentiment is shifting. As the industry enters its traditional peak season, there is a renewed sense of optimism driven by a combination of macroeconomic factors, emerging industry trends, and strategic moves made by key players. “Market sentiment showed…
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Next week will be dominated by the FOMC rate decision.
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Monday, September 16 (EST) Tuesday, September 17 (ET) 5:00 AM ETGerman ZEW Economic Sentiment (FX: 17.2, Previous: 19.2) 8:30 AM ETCanadian CPI (MoM) (Expect: 0.1%, Previous: 0.4%) 8:30 AM ETUS Core Retail Sales MoM (Expect: 0.2%, Previous: 0.4%) 8:30 AM ETUS Retail Sales MoM (Expect: -0.2%, Previous: 1.0%) Wednesday, September…
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Wall Street advances as traders’ bets rise for bigger Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended higher on Friday as investors focused on the chance of further interest rate cuts by the Federal Reserve next week, with interest-rate-sensitive small-cap stocks outperforming. Bets on the size of the Fed rate cut were mixed, and…
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China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)
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China’s August 2024 retail sales, industrial production and investment data – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) Expected 2.5%, previous 2.7% Industrial Production +4.5% (YoY) (Aug) Expected 4.8%, previous 5.1% Fixed Asset Investment +$3.4 (YTD) (YoY) (Aug) Expected 3.5%, previous 3.6% Unemployment rate 5.3% Expected 5.2%,…
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Taiwan hopes delayed F-16s start arriving by end of this year By Reuters
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By Ben Blanchard TAIPEI (Reuters) – Taiwan’s defence ministry said on Friday it aims to deliver its first new F-16 fighter jets by the end of this year, blaming “severe fluctuations” in the international situation for delaying the island’s delivery. In 2019, the United States approved $8 billion in arms…