Category: Surprise
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Litecoin Makes Surprise 14% Rally—Analyst Eyes A Move To $128
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It rises by 14 % in the face of vast public market fluctuations, Litecoin (LTC) again displays its strength in the encryption scene. LTC briefly decreased to $ 102, then quickly recovered and today it is safely located over the support area of $ 120. Since the positive momentum, experts…
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S&P 500 Wipes Out 2025 Gains on Big Jobs Surprise: Markets Wrap
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(Bloomberg) — Stocks took a hit and bond yields rose along with the dollar, with traders cutting their bets on an interest rate cut by the Federal Reserve this year after a surprise jobs report. Most read from Bloomberg Stocks erased the advance they made in 2025, with the S&P…
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Abbott, DexCom settlement ‘not a complete surprise,’ says Wells Fargo
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https://www.tipranks.com/news/the-fly/abbott-dexcom-settlement-not-a-complete-surprise-says-wells-fargo Wells Fargo Abbott notes (Abt) and Dexcom (DXCM) revealed that on December 20, they reached a settlement and entered into a cross-licensing agreement to resolve all pending patent litigation in the United States and Europe for a period of 10 years. Under the agreement, the two companies granted each…
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Egypt’s Surprise Inflation Climb May Push Back Rate Cuts to 2025
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Breadcrumb links BMN Business Egypt appears set to wait until next year to make its first interest rate cut since 2020, as it faces an unexpected acceleration in inflation and fears of a broader conflict in the Middle East. Article writer: Bloomberg News Merit Magdy Posted on October 17, 2024…
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Canadian dollar climbs on retail sales surprise. What’s next
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The Canadian dollar is in an interesting position at the moment. Locally, it is clear that the real estate markets painful It will take at least a 200 basis point rate cut to fix this. But that is coming. The government is also very unpopular but change is coming there…
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AI Boom Is Driving a Surprise Resurgence of US Gas-Fired Power
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Breadcrumbs Path Links PMN Business New gas stations continue to appear, despite expectations that their rapid growth was coming to an end. Article author: Bloomberg News Josh Saul, Noreen S. Malik and Mark Chediak Published on September 16, 2024 • Read for 5 minutes You can save this article by…
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The results of this survey on who owns Bitcoin will surprise you
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Demographically, you won’t be surprised to hear that most Bitcoin investors are young and male – but besides that, there’s a lot of diversity. A new report sheds light on who tends to own Bitcoin (BTC) in the United States. Nakamoto Project Inaugural study It reveals that investors tend to…
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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Daily FX Market Review: Cha-Ching! Retail Sales Surprise Sends Dollar Higher
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The US dollar rose for the second day in a row due to stronger-than-expected US retail sales. While overall retail sales remained unchanged.Retail sales excluding automobiles U.S. retail prices rose 0.4% in June. Yes, American shoppers were back on track in June, spending more on everything except cars. This rapid…
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France’s president called a surprise election. The result could diminish his power in world affairs
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Breadcrumbs Path Links PMN Business Article author: Associated Press John Lister Posted on July 06, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content PARIS (AP) — French President Emmanuel Macron — if…
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Is Chipotle a No-Brainer Buy Right After Its 50-for-1 Stock Split? The Answer Might Surprise You.
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The time has finally come. On June 16, shares rose Chipotle Mexican Grill (NYSE: CMG) Closely watched and historically 50 to 1 stock splitThe former four-figure stock price is currently around $65. Management felt this was the right proposal, given the good performance of the restaurant company’s stock. They are…
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Binance To Bookshelves? Former CEO’s Next Chapter Might Surprise You
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Changpeng Zhao, the mysterious founder of cryptocurrency giant Binance, has sparked a storm of speculation with a recent social media post suggesting… Potential career shift. After a legal battle with the US Department of Justice that ended with a surprisingly light sentence, CZ, as he is known in the cryptocurrency…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…
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Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…