Category: Markets
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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…
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Bitcoin Surges to $60,000 as Markets Brace for Potential Fed Rate Cut
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Bitcoin has surged to $60,000, supported by expectations of a Federal Reserve rate cut next week. Bitcoin’s rise comes as markets brace for a 25-50 basis point rate cut, a move that many believe could boost the value of bitcoin and riskier investments. Earlier this summer, Federal Reserve Chairman Jerome…
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What are the technicals in the EURUSD saying into the new trading week
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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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Exclusive-OpenAI’s stunning $150 billion valuation hinges on upending corporate structure, sources say By Reuters
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Written by Crystal Ho and Kenrick Kay OpenAI’s new funding round is expected to come in the form of convertible notes, according to people familiar with the matter, who said its $150 billion valuation will depend on whether the ChatGPT maker is able to flip its corporate structure and remove…
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NASDAQ and S&P indices end the week with five straight days of gains
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Major US stock indexes closed higher today. The Nasdaq and S&P 500 had a perfect week with five straight days of gains. The Nasdaq erased its -5.77% decline from last week with a gain of 5.95%. The image shows today’s closing levels as follows: The Dow Industrial Average rose 297.01…
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DirecTV, Dish in talks again to merge satellite-TV businesses, Bloomberg reports By Reuters
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(Reuters) – AT&T Inc and its joint venture partner TPG are in talks to merge DirecTV with Dish, Bloomberg News reported on Friday, citing people familiar with the matter. Discussions between DirecTV and Dish parent EchoStar Corp. are still in the early stages, people familiar with the matter told Bloomberg…
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Chart Art: Trend Reversal Due for Silver (XAG/USD)?
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Are my eyes deceiving me or is this a reversal pattern forming on the 4-hour time frame of silver? I see what appears to be a complex double bottom or what could be an inverted head and shoulders formation. Anyway, check out this resistance area being tested! Silver (XAG/USD) 4…
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Forexlive Americas FX news wrap 13 Sep: The stocks close with 5-day streaks.FOMC next week
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The Nasdaq and S&P ended the week with five straight days of gains. As the day and week draw to a close, the Japanese Yen ended the day as the strongest of the major currencies and the New Zealand Dollar was the weakest. The US Dollar ended the day with…
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ADM violates US water laws, permit after leak at carbon capture project By Reuters
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By Valerie Volkovici and Leah Douglas WASHINGTON (Reuters) – Archer Daniels Midland Agricultural Co. confirmed on Friday that the U.S. Environmental Protection Agency found the company violated federal safe drinking water rules and an underground injection permit by causing a leak at the first major U.S. underground carbon sequestration facility…
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Goldman Sachs sees a 25 basis point cut from the Fed next week
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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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Trump says he is not selling his shares of media company By Reuters
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By Alexandra Ulmer RANCHO PALOS VERDES, Calif. (Reuters) – Republican presidential candidate Donald Trump told reporters on Friday he will not sell any of his majority stake in the company that owns Truth Social and will not leave the social media platform he created. Shares of Trump’s media and technology…
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Go big or go small? JP Morgan reiterates its call for 50 basis point cut next week.
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Cut or not cut 50 basis points. As the Federal Reserve’s September meeting approaches, JPMorgan reiterated its call for a 50 basis point rate cut, scheduled for Wednesday at 2 p.m. ET. Following Nick Timiraos’s article highlighting the Fed’s predicament, market odds have shifted from 80-20 to a roughly even…
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Stock Rotation Is Back on Bets Fed Will ‘Go Big’: Markets Wrap
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(Bloomberg) — Wall Street traders renewed expectations for a half-percentage-point interest-rate cut by the Federal Reserve next week, spurring trading in stocks that would benefit most from policy easing. Most Read from Bloomberg Economically sensitive stocks outperformed the tech giants that led the bull market rally, with the Russell 2000…
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Portugal stocks higher at close of trade; PSI up 0.68% By Investing.com
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Investing.com – Portuguese stocks were higher after Friday’s close, as gains in the banking and financial services sectors led shares higher. The Nikkei index rose 0.68% at the close in Lisbon, hitting its highest level in a month. The session’s top performer was Jeronimo Martins SGPS SA (ELI:), which rose…
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Portugal stocks higher at close of trade; PSI up 0.68% By Investing.com
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Investing.com – Portuguese stocks were higher after Friday’s close, as gains in the banking and financial services sectors led shares higher. The Nikkei index rose 0.68% at the close in Lisbon, hitting its highest level in a month. The session’s top performer was Jeronimo Martins SGPS SA (ELI:), which rose…
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Tech stocks rally, healthcare remains steady amid mixed market signals
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Stock Heat Map from FinViz.com Friday, September 13, 2024 13:46:13 GMT ? Technology Sector: A Day of Gains The technology sector is seeing notable gains today, supported by positive investor sentiment. Oracle (ORCL) is leading the rally with a whopping 7.24%, indicating strong performance in software infrastructure. However, Adobe (ADBE)…
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US stocks open higher with Fed interest rate cuts in focus By Investing.com
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U.S. stocks rose at the open on Friday, as investors clung to expectations of lower interest rates ahead of a Federal Reserve meeting that could herald a broader easing cycle. Wall Street largely shrugged off some strong readings on consumer and product inflation this week, with technology stocks rising, buoyed…
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Canada capacity utilization Q2 79.1% vs 78.6% last quarter
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Previous quarter: 78.5% revised to 78.6% details: Canadian industries operated at 79.1% of capacity in the second quarter of 2024. This represents a slight increase compared to 78.6% in the first quarter of 2024. Capacity utilization for the first quarter of 2024 was revised up by 0.1 percentage point. Mining,…
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WHO clears Bavarian Nordic’s vaccine as first mpox shot By Reuters
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By Jennifer Rigby and Manas Mishra The World Health Organization said on Friday it had approved Bavarian Nordic’s Mbox vaccine, the first of its kind approved by the agency to contain the spread of the disease in hard-hit African countries. The approval, known as prequalification, comes as a new variant…
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ECB’s Holzmann: There could be room for another rate cut in December
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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…