Category: Markets
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Elliott lays out its case for leadership change at Southwest Airlines By Reuters
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By Svea Herbst Bayliss NEW YORK (Reuters) – Elliott Investment Management, which now owns about 9.7 percent of Southwest Airlines Co (NYSE: )’s voting power, told investors the company needs new outside leadership for a “better future” but is also prepared to move forward with a planned proxy battle. In…
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Fed’s Daly: Labour market is in complete balance
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. Daly’s comments on Bloomberg TV: It’s hard to imagine anything that could derail a September rate cut. It’s time to change the policy. We do not want to continue to tighten monetary policy while inflation is falling. The risks to our goals are now balanced. The most likely outcome…
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Kroger-Albertsons merger hurts shoppers, FTC says at trial By Reuters
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By Judy Goodway, Deborah Bloom PORTLAND, Ore. (Reuters) – The U.S. Federal Trade Commission began a trial on Monday in its attempt to block Kroger’s $25 billion merger with Albertsons, telling a federal judge in Portland, Oregon, that the deal would eliminate competition among major grocery chains and hit consumers’…
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Apple announces iPhone event for September 9. Here’s the bull case from Dan Loeb
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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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Trintech’s owners explore $2 billion sale of financial software maker, sources say By Reuters
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Milan city win (Reuters) – Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of financial software company Trintech, which could value the company at about $2 billion including debt, people familiar with the matter said. Trintech’s owners are working with investment bankers at Deutsche…
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Trudeau says Canada to impose 100% tariff on Chinese EVs By Reuters
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OTTAWA (Reuters) – Canada will impose a 100 percent tariff on imports of Chinese electric vehicles, Prime Minister Justin Trudeau said on Monday. Trudeau told reporters in Halifax, Nova Scotia, that Ottawa will also impose 25% tariffs on steel and aluminum imports from China. The tariffs come just over a…
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Dollar drops against yen but broadly stable after last week’s decline By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar fell to a three-week low against the yen on Monday but halted its recent slide against most other currencies as investors assessed the possibility that the U.S. Federal Reserve will soon begin a series of interest rate cuts. The…
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Forexlive European FX news wrap 26 Aug – Libya halts oil production and exports
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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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Analysts weigh in on implications of NASA’s Starliner decision for Boeing By Investing.com
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NASA’s recent decision to return Boeing’s (NYSE:) Starliner spacecraft to Earth without an astronaut crew has raised concerns about the company’s space program. The two astronauts, who will now return aboard SpaceX’s Dragon capsule, were originally scheduled to return aboard the Starliner. Analysts believe the decision could have major implications…
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US soft landing consistent with weaker dollar: Goldman Sachs By Investing.com
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Investing.com – As the global economy faces uncertainty, the United States appears to be on track for a “soft landing,” a scenario in which the economy slows without entering a recession. This potential outcome, according to analysts at Goldman Sachs, is consistent with the weakness of the US economy. “Despite…
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Chart Art: WTI Crude Oil (USOIL) To Revisit Its Triangle Resistance?
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US crude oil prices continue to recover after revisiting August lows last week. How far can WTI crude oil go before sellers can gather enough downside momentum? We take a closer look at the potential resistance area: Crude Oil WTI (USOIL) 4 hours Chart by TradingView In case you missed…
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Meyer Burger halts solar plant in Colorado, plans restructuring By Reuters
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Swiss solar panel maker Mayer Berger said on Monday it had suspended plans to build a factory in Colorado after announcing restructuring measures and indicating profitability would be lower than previously expected. Mayer Berger Technology AG announced today that the planned construction of a solar cell production facility in Colorado…
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Asia FX firms, yen strong as rate cut bets put dollar at 13-mth low By Investing.com
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Most Asian currencies rose on Monday, with the Japanese yen rising sharply amid growing bets that the Federal Reserve will cut interest rates in September, putting the dollar at a 13-month low. Most regional currencies extended their gains from last week, especially after comments from Federal Reserve Chairman Jerome Powell…
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Chart Art: EUR/NZD Long-Term Breakout and Pullback
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This forex pair has recently broken out of a daily triangle consolidation pattern, indicating the beginning of a long-term trend. Is the rally fading or is it just a retest? Take a look at these turning points on the long-term chart! EUR/NZD Daily Currency Pair Chart by TradingView After consolidating…
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Chart Art: EUR/NZD Long-Term Breakout and Pullback
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This forex pair has recently broken out of a daily triangle consolidation pattern, indicating the beginning of a long-term trend. Is the rally fading or is it just a retest? Take a look at these turning points on the long-term chart! EUR/NZD Daily Currency Pair Chart by TradingView After consolidating…
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Forexlive Asia-pacific FX news wrap 25 Aug:JPY continues its move higher to start the week
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The start of the trading week was quiet as the market took a breather after the Jackson Hole summit and comments from Federal Reserve chiefs that reinforced the US interest rate cut in September. The market has priced in about a 35% chance of a 50 basis point rate hike,…
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US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
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U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…
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US stock futures edge lower with Nvidia earnings, rate cuts in focus By Investing.com
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U.S. stock index futures were lower in overnight trading on Sunday, slowing after a rally on Wall Street as comments from Federal Reserve officials bolstered expectations for an interest rate cut in September. But caution is setting in ahead of a series of key signals this week, most notably earnings…