Category: Markets
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CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada
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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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goeasy Limited boasts record Q2 results and strategic growth By Investing.com
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goeasy Limited (GSY.TO), a leading provider of loans and financial services, has announced robust financial results for the second quarter of 2024, with record loan originations and significant growth in its loan book, driving strong earnings. The company’s gross consumer loan balances exceeded CAD 4 billion, and they secured an…
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What is the yen carry trade and why does it matter? By Investing.com
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The so-called “yen carry trade” has been making headlines recently, with many pointing fingers at this investment strategy as the cause of recent turmoil in global markets. Yen trading involves borrowing at near-zero interest rates in Japan and investing the proceeds in higher-yielding markets such as the US dollar, emerging…
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How much damage would Trump tariffs do to Europe? By Investing.com
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The potential re-imposition of tariffs by the Trump administration poses a risk to Europe’s economic outlook. According to analysts at Capital Economics, these tariffs could cause significant damage to the European economy, especially by affecting key industries such as car and machinery manufacturing, which rely heavily on exports to the…
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Rollercoaster week in US stocks leaves investors braced for bumps ahead By Reuters
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By David Randall NEW YORK (Reuters) – A week of wild market volatility has investors awaiting inflation data, corporate earnings and presidential polls for signs that may ease recent turmoil in U.S. stocks. After months of quiet trading, volatility in U.S. stocks has spiked this month as a series of…
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Weekly Market Outlook (12-16 August)
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Upcoming Events: Tuesday: Australian Wage Price Index, UK Labor Market Report, Eurozone ZEW Index, US NFIB Small Business Optimism Index, US Producer Price Index. Wednesday:Reserve Bank of New Zealand Policy Decision, UK CPI, US CPI. Thursday:Japan Q2 GDP, Australia Labor Market Report, China Industrial Production and Retail Sales, UK Q2…
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3 sectors to consider amid selloff in European stocks: HSBC By Investing.com
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Amid the recent sell-off in European stocks, HSBC analysts have recommended focusing on three key sectors: healthcare, industrials and the UK market. The guidance comes as broader market conditions shift and defensive investments gain momentum. Healthcare: HSBC continues to favor the healthcare sector due to its defensive nature. In times…
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Newsquawk Week Ahead: US CPI & Retail Sales; UK CPI & Jobs data; Aussie jobs and RBNZ
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12th-16th August 2024 Mon: OPEC Monthly Oil Market Report; Japanese Market Holiday (Mountain Day), German Retail Sales (May), Indian Trade Balance (Jul)Tue: IEA Oil Market Report, Australian Wage Price Index (Q2), UK Jobs (Jun/Jul), German ZEW Survey (Aug), US PPI (Jul)Wed: RBNZ Announcement and Quarterly MPS, Bank of Israel Announcement,…
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How to stay calm and navigate market volatility By Investing.com
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Market volatility is an inherent feature of stock investing. Periods of rapid price movements, often driven by investor sentiment and economic uncertainty, can spark fear and panic. However, as Wells Fargo emphasizes, a long-term perspective and a disciplined investment approach are essential to weathering these storms. Understanding investor behavior Investors…
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Intel, SMCI hit by downgrades; Micron still top semis pick 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! New Street upgrades Nvidia to buy, says recent pullback presents opportunity to add more exposure New Street Research raised Nvidia Corp. (NASDAQ: ) to…
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Intel, SMCI hit by downgrades; Micron still top semis pick 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! New Street upgrades Nvidia to buy, says recent pullback presents opportunity to add more exposure New Street Research raised Nvidia Corp. (NASDAQ: ) to…
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BeautyHealth faces headwinds, focuses on turnaround By Investing.com
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During The Beauty Health Company’s (ticker: SKIN) second quarter 2024 earnings call, CEO Marla Beck provided an overview of the company’s financial performance, highlighting a 23% year-over-year decline in revenue to $91 million, and outlined strategic initiatives to improve business prospects. Despite the downturn, driven by slower device sales and…
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Gold failed twice at $2475… time for a third try?
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Gold has been on the rise over the past few minutes, rising a few dollars to $2,430. This comes after the market posted big gains yesterday and a series of sharp declines over the past month. These are reasons to be optimistic. However, the main feature on the daily chart…
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Rigetti Computing on track with 84-qubit Ankaa-3 development By Investing.com
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Rigetti Computing (NASDAQ: RGTI), a pioneer in quantum computing, reported steady progress in the development of its quantum technology and a mixed financial performance for the second quarter of 2024. The company announced that it is on schedule to launch its 84-qubit Ankaa-3 system by the end of 2024, with…
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About that 75 basis point emergency cut…
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Jeremy Siegel, a Wharton professor and frequent commentator on markets, caused a stir on Monday when he called for an urgent 75 basis point interest rate cut as markets collapsed. He then doubled down on his position by calling for another 75 basis point cut in September “at a minimum.”…
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Perma-Fix Q2 results reflect setbacks, but future growth expected By Investing.com
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Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) reported a challenging second quarter in 2024, with total revenue from continuing operations falling to $14.0 million, a significant decrease from the previous year. The company faced headwinds due to government delays in waste shipments and new contracts, along with an equipment failure at…
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Canada July employment change -2.8K vs +22.5K expected
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Previous month -1.4k Employment change -2.8K vs. +22.5K expected Unemployment rate 6.4% vs. 6.4% expected (up 0.9% y/y) Employment rate in the previous month 6.4% Full-time employment +62.0K vs. -3.4K previously Part-time work -64.4 thousand vs. +1.9 thousand previously Participation rate 65.0% vs. 65.3% previously Average hourly earnings on an…