Category: Markets
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Upgrades for Robinhood, Nike and Chipotle Mexican Grill By Investing.com
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Investing.com – Here’s a professional summary of what Wall Street analysts said over the past week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! Robin Hood What happened? On Monday, Piper Sandler upgraded Robinhood (NASDAQ:) stock to Overweight with a $23 price target. *Tilder: The…
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SOL price prediction in crypto: The balanced, realistic, unbiased outlook
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Solana (SOL)Rice Price Forecast: Bullish vs. Bearish Scenarios for Rice PricesDerived value of SOL Solana (SOL) has been one of the most talked about assets in the crypto space, known for its high-performance blockchain and increasing market cap in recent years. As someone who has been actively trading Solana since…
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Goldman Sachs cut its US recession probability after last week’s data, see 25bp Sept cut
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A note from the economists at the investment bank. I haven’t seen it yet, but the news agencies are carrying the highlights. In summary: It lowered its forecast for a U.S. economic contraction from 25% to 20%, and said it could lower the forecast further to 15% if the August…
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Oil prices no longer baking-in geopolitical risk premium for current ME conflict By Investing.com
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Oil prices have remained surprisingly stable despite rising geopolitical tensions in the Middle East, particularly in the wake of major violent incidents involving Hamas and Hezbollah leaders, Wells Fargo analysts said in a note dated Monday. These events, taking place in sensitive areas such as Tehran and Beirut, have exacerbated…
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Foxconn chief defends hiring practices after report married women rejected in India By Reuters
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Written by Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) – Foxconn’s chairman defended its hiring practices on Saturday after New Delhi ordered an investigation following a Reuters report that the Apple supplier was rejecting married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up a large part…
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Porsche agrees to provide capital in Varta restructuring deal By Reuters
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By Alexander Hubner and Emma Victoria Farr FRANKFURT (Reuters) – German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, calling on sports carmaker Porsche to step in to rescue the troubled company. The company said the deal, reached after days of intense negotiations,…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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X says it is closing Brazilian operations ‘effective immediately’ By Reuters
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SAO PAULO (Reuters) – Media platform X said on Saturday it would shut down its operations in Brazil “with immediate effect” due to what it called “censorship orders” issued by Brazilian judge Alexandre de Moraes. X alleges that Moraes secretly threatened one of its legal representatives in the South American…
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Gold hits an all-time high
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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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Brazilian media mogul Silvio Santos dead at 93, SBT TV says By Reuters
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SAO PAULO (Reuters) – Brazilian media mogul Silvio Santos, who went from street vendor to owner of a business empire that includes one of the country’s biggest television channels, has died at the age of 93, Brazilian broadcaster SPT said on Saturday. “Today the sky is happy with the arrival…
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Daily stock market review: mixed trends and sector performances highlight cautious investor sentiment
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Stock Heat Map from FinViz.com Friday, August 16, 2024 13:46:07 GMT Daily Stock Market Review: Mixed Trends, Sector Performance Highlight Cautious Investor Sentiment The US stock market today shows a diverse panorama, displaying a mix of trends and sentiment across different sectors. The heat map provides a clear glimpse into…
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Google vs DoJ: Who wins? By Investing.com
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As Google faces a legal battle with the U.S. Department of Justice over antitrust concerns, the outcome of the battle could reshape the tech landscape and impact the company’s future. Analysts at JMP Securities, Mizuho and Barclays have assessed the possible scenarios and their implications: Analysts at JMP Securities expect…
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Next week doesn’t start until Thursday
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We’ve weathered the summer slump in financial markets this year, but early next week could be a bust, especially until the Jackson Hole festival begins. Monday begins with a speech by Fed Chairman Waller at 9:15 a.m. ET, but that’s all for today. Tuesday features speeches from Fed Chair Positek…
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Expert explains why central banks are cutting rates By Investing.com
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In the current economic climate, central banks around the world are considering or are already cutting interest rates. This decision is not without controversy, with some critics arguing that such moves may be ineffective in preventing recession or even exacerbate economic problems. However, as economists at TS Lombard have argued,…
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Next Bank of Japan intervention may be to sell yen :Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – If the Japanese government is thinking ahead, it may be planning to rein in the volatile yen rather than support it. A two-year cat-and-mouse game between speculators and Japanese authorities — which involved increasing bets against the yen because of widening interest-rate gaps with…
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US August prelim UMich consumer sentiment 67.8 vs 66.9 expected
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The final score for July was 66.4. Current conditions 60.9 vs. 62.7 previously Expectations 72.1 vs. previous 68.8 Inflation over one year 2.9% vs. 2.9% in the previous year Inflation over 5-10 years 3.0% vs. 3.0% previously Overall, expectations for both personal finances and the economic outlook over the next…
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US judge delays launch of sports streaming venture from Disney, media giants By Reuters
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By Don Chmielewski and Jack Quinn (Reuters) – A U.S. judge on Friday temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney Co and Amazon. Disney (NYSE:), Fox, and Warner Bros. Discovery (NASDAQ:), which aim to attract younger sports fans who don’t…
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Goldman Sachs: How are we thinking about USD/JPY from here?
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USDJPY Daily Goldman Sachs discusses its outlook for USD/JPY, focusing on the role of US interest rates and real spreads in determining the pair’s future performance. Key points: US interest rate dominance: Back to basics: Goldman Sachs expects the USD/JPY pair to become more aligned with fundamentals, especially US interest…
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Starbucks is sued again for alleged stealing concept for coffee-flavored lipstick By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A company has sued Starbucks Corp for a third time, accusing it of stealing its concept for coffee-flavored lipstick and lip gloss. Paluccino, whose leaders include the sister-in-law of televangelist Mehmet Oz, filed the complaint Friday in federal court in Manhattan. The lawsuit…