Category: Markets
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Oil prices up since opening for the week – potential hurricane getting narrative love
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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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Oil prices up since opening for the week – potential hurricane getting narrative love
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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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Stocks Drop as Jobs Data Adds to Case for Fed Cuts: Markets Wrap
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(Bloomberg) — Asian stocks fell Monday after U.S. jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Most Read from Bloomberg Stocks in Australia, Japan and South Korea posted losses in early trade, while U.S. futures were little changed. The dollar…
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Couche-Tard approaches Seven & i again after $38.5 billion offer rejection By Reuters
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Written by Urvi Dugar Canadian retailer Alimentation Couche-Tard said Sunday it is willing to enter into confidential discussions with Japanese retail giant Seven & I Holdings Inc. about a $38.5 billion takeover offer and remains keen to pursue the purchase. Shares of Seven & I rose 3% in early trading…
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Monthly UK jobs market report showed a significant slowdown in August
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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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Westpac appoints Anthony Miller as new chief executive officer By Reuters
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(Reuters) – Westpac Banking Corp, Australia’s third-biggest lender, said it had appointed Anthony Miller as its new chief executive and managing director on Monday, effective from December 16, 2024. Miller joined the company in 2020, having served as CEO of Westpac’s Business and Wealth division. He succeeds Peter King, who…
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Trade ideas thread – Monday, 9 September, insightful charts, technical analysis, ideas
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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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Norfolk Southern CEO faces probe over alleged workplace relationship, CNBC reports By Reuters
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(Reuters) – Norfolk Southern’s board of directors is reviewing allegations that Chief Executive Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported on Sunday, citing three people familiar with the matter. Norfolk Southern The New York Stock Exchange (NYSE:) did not respond to a Reuters request for…
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Economic calendar in Asia Monday, September 9, 2024 – Chinese inflation data for August
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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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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says By Reuters
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Italian app developer Bending Spoons will lay off 75% of its staff at file-sharing platform WeTransfer, Luca Ferrari, CEO of the company, said in a statement on Sunday. “I will not be more specific at this stage as the period of redundancies has not yet been fully defined,” Ferrari said…
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Six decades of debate quips, rips and slips By Reuters
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(Reuters) – Democratic Vice President Kamala Harris and former Republican President Donald Trump will face off in a presidential debate on Tuesday ahead of the Nov. 5 election, continuing a tradition that has featured some of the most memorable moments in recent U.S. political history: – 1960: The first televised…
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DirecTV files FCC complaint against Disney for anti-competitive practices By Reuters
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(Reuters) – Satellite television service DirecTV Inc has filed a complaint with the U.S. Federal Communications Commission (FCC) accusing it of violating U.S. copyright laws. Disney Apple Inc. (NYSE:) said Sunday it has accused the company of failing to negotiate in good faith and engaging in anticompetitive conduct. In the…
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Boeing reaches labor deal with 25% pay hike, new plane commitment By Reuters
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By Alison Lambert and David Shepardson Boeing Co said Sunday it has reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a potential strike that could begin on Sept. 13. The proposed four-year deal, which…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…
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AI stocks not in bubble; SMCI downgraded By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! Bank of America on Nvidia: ‘Compelling Growth at a Compelling Valuation’ Bank of America this week reiterated its buy rating on NVIDIA Corporation (NASDAQ:…
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China’s central bank didn’t buy any gold in August
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Gold monthly China’s central bank did not announce any gold purchases in August, saying reserves remained at 72.80 million troy ounces. Announced purchases stopped in May after several months of accumulation. Reports later suggested that the People’s Bank of China had become price sensitive. In February, the People’s Bank of…
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Global data centers to raise CO2 emissions dramatically
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Morgan Stanley looks at the cumulative global carbon footprint through 2030, and sees this creating a huge market for decarbonization solutions as many large cloud computing companies look to achieve carbon neutrality goals. The US bank said in a note dated September 2 that the construction of global data centers…
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How the US election could impact emerging markets By Investing.com
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The US presidential election is a major event that affects global financial markets, with its impact extending beyond the borders of the United States to include emerging market economies. As the world’s largest economy, the United States shapes global financial conditions through its policies on growth, trade, and international relations.…
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Weekly Market Outlook (09-13 September)
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Upcoming Events: Monday: China consumer price index. Tuesday: UK Labor Market Report, US NFIB Business Optimism Index. WednesdayUK GDP, US CPI. Thursday:Japan PPI, ECB Monetary Policy Decision, US PPI, US Unemployment Claims. Friday:New Zealand Manufacturing PMI, University of Michigan Consumer Confidence Index in the United States. Monday China’s CPI is…