Category: Markets
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GPS spoofers ‘hack time’ on commercial airlines, researchers say By Reuters
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By James Pearson LAS VEGAS (Reuters) – The recent surge in “GPS spoofing,” a form of digital attack that can send commercial passenger planes off course, has entered an intriguing new dimension: the ability to hack time, cybersecurity researchers say. According to an aviation consultancy, there has been a 400%…
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BofA: What we expect from next week’s US July inflation print
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US Consumer Price Index yy Bank of America expects a partial reversal of the June inflation surprise in the upcoming July CPI report, with modest increases in both headline and core CPI expected, which could influence the Fed’s decision to cut interest rates in September. Key points: Expected CPI: Monthly…
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Disney expected to announce plans for its theme parks By Reuters
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By Don Chmielewski ANAHEIM, Calif. (Reuters) – Walt Disney Disney (NYSE:) is expected to announce new attractions at its theme parks on Saturday at its D23 fan conference, and reveal how the company is beginning to deploy $60 billion in capital investments. Disney said it will boost its investment in…
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Kickstart the FX trading day for Aug. 9 w/a technical look at the EURUSD, USDJPY & GBPUSD
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In the opening video for August 9, I take a look at three major currency pairs, EURUSD, USDJPY, and GBPUSD from a technical perspective. For the EUR/USD pair, the pair is trading up and down during today’s trading, but has found resistance from sellers against its 100-hour moving average at…
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Trump campaign says it was hacked, blames Iran By Reuters
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By Kanishka Singh and Nathan Lane WASHINGTON (Reuters) – Republican presidential candidate Donald Trump’s campaign said on Saturday that some of its internal communications had been hacked and blamed the Iranian government, citing past hostilities between Trump and Iran without offering direct evidence. The campaign’s statement came after Politico said…
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Fed’s Bowman: Cautious on rate cuts, eyes upside inflation risks
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“I am not confident that inflation will come down in the same way it did in the second half of last year.” Inflation remains ‘uncomfortably above’ 2% target Labor market shows signs of slowing, but uncertainty remains Inflationary risks remain, including housing and geopolitical factors. Calls for patience in making…
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Thyssenkrupp shuts down steel unit’s funding request By Reuters
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FRANKFURT (Reuters) – Thyssenkrupp said on Saturday its steel division must be restructured to finance investment needs from its own earnings but the parent company has secured financial security for the next two years. Thyssenkrupp CEO Miguel Lopez’s comments came after the steel division’s chief said the company needed to…
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USDCHF technicals are pretty easy as it trades between MA support and resistance.
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On Wednesday, the USD/CHF pair returned above its 100-hour moving average, and although the price corrected lower in yesterday’s Asian session and early European session, the bearish momentum found willing buyers near this moving average level. The subsequent rally on the back of yesterday’s rally in US stocks (and the…
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Saputo Inc. sees growth and embraces new leadership By Investing.com
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Saputo Inc. (SAP.TO), a leading global dairy processor, has reported strong financial results for the first quarter of fiscal 2025, with significant revenue and adjusted EBITDA growth. The company announced a 2.7% increase in its quarterly dividend and a positive outlook on operational goals and long-term value creation. The transition…
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US stocks are trading mixed to open the final trading day of the week
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Major US stock indexes are trading mixed in early trading. The Nasdaq and S&P were little changed. The Dow Jones Industrial Average was down. A picture of the market 11 minutes after opening, showing: The Dow Industrial Average fell -125.70 points, or -0.32%, to 39,320.80. The S&P 500 fell 2.89…
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Pagaya surpasses Q2 2024 earnings, raises full-year outlook By Investing.com
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Pagaya Technologies Inc. (NASDAQ:), a leading financial technology company, has reported robust financial results for the second quarter of 2024, exceeding its own revenue and adjusted EBITDA guidance. The company has raised its full-year outlook for both metrics, citing strong growth in fee revenue less production costs (FRLPC) and the…
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Healthcare outpaces: Insights from today’s nuanced stock market
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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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What would less restrictive monetary policy mean for the growth outlook? By Investing.com
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Wells Fargo said in a recent report that a less restrictive monetary policy could significantly impact U.S. growth prospects by stimulating various economic sectors and easing some of the current economic pressures. According to the bank’s latest U.S. economic outlook report, the Fed is expected to cut interest rates by…
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Bangladesh chief justice, central bank chief quit amid protests, officials say By Reuters
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DHAKA (Reuters) – Bangladesh’s chief justice and central bank governor have resigned, officials said on Saturday, as student protests that forced Prime Minister Sheikh Hasina to flee widen to target more officials appointed under her rule. A justice ministry official, speaking on condition of anonymity, said Supreme Court Chief Justice…
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US dollar sees some selling pressure as yields sag
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The US dollar is under moderate selling pressure across the board as the London trading week comes to a close. The dollar benefited from safe-haven trading early in the week, but markets have calmed down, reducing some safe-haven flows. Meanwhile, the Treasury market has also been volatile, but yields appear…
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How to rebalance your portfolio to hedge against market risks By Investing.com
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With the economy slowing and inflation slowing, Wells Fargo analysts are suggesting that the US Federal Reserve is ready to start cutting interest rates, with a 50 basis point cut expected at its September meeting. Additional cuts are expected in November and December. The bank said the series of aggressive…
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NZDUSD finds willing sellers against the 100 day MA this week
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The NZD/USD pair fell to its lowest level this year on Monday on the back of a sharp decline in the Nikkei 225 (-12.4%). However, this new low was only a few pips above the April 2024 low, and the price rose sharply. The momentum stalled near last week’s highs…
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Former YouTube CEO Susan Wojcicki dies at 56, Google CEO says By Reuters
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Susan Wojcicki, the former CEO of YouTube and one of the first employees at Google (NASDAQ:GOOGL), has died at the age of 56 after a two-year battle with cancer, Google CEO Sundar Pichai said on social media platform X on Saturday. “I am incredibly saddened to lose my dear friend…
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USDCAD has its share of ups and downs over the last few days. Seller bang against support.
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Today’s jobs data in Canada was good news for everyone. The unemployment rate was steady from last month at 6.4%, but below estimates of 6.5%. Employment data showed a -2.8K drop in jobs for the second straight month, but there were 61K full-time jobs and -64K part-time jobs. So the…