Category: weak
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Bitcoin Faces Weak Retail Demand As Addresses Holding 0-1 BTC Decline – Expert Reports
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Bitcoin has seen huge price fluctuations since the weekend, as it decreased to 91 thousand dollars before a strong recovery recovered over $ 100,000. However, BTC is now about $ 98,000, struggling to keep momentum amid the ongoing fears of the trade war that shook global markets. The uncertainty surrounding…
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Gold Hits Record High on Weak Dollar as Trump Tariff Risks Loom
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(Bloomberg)-Gold reached the highest new level ever with the decline in the dollar and traders sought safety amid concerns about President Donald Trump’s measures. Most of them read from Bloomberg The alloys rose up to 1.4 % to $ 2,798.59 an ounce, exceeding their highest level in October. The dollar…
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Micron stock plummets as weak outlook overshadows AI opportunity
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Micron (MU) stock fell more than 17% early Thursday with weaker-than-expected guidance for the current quarter despite growing demand for AI chips. The memory chip maker, which counts Nvidia (NVDA) as a major customer, said Wednesday that it expects revenue between $7.7 billion and $8.1 billion for the quarter. Wall…
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Canadians turn domestic for holiday travel, with weak loonie discouraging U.S. trips
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Breadcrumb links PMN BMN Business Article writer: Canadian Press Christopher Reynolds Published on December 8, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. An Air Canada plane takes off from Montreal-Pierre Elliott Trudeau International Airport…
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HP, Dell’s weak forecasts spark share selloff, doubts over PC market recovery
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(Reuters) – Shares of Dell and HP fell on Wednesday after personal computer makers issued forecasts that cast doubt on a market rebound driven by artificial intelligence-enabled computers. Dell fell 13% in trading before the bell, with the company set to lose nearly $13 billion of its $99.50 billion market…
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Asia stocks rise; China volatile amid fiscal stimulus talk, weak inflation By Investing.com
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Investing.com — Asian stocks were mostly higher on Monday, while Chinese markets recorded heavy volatility after Beijing gave somewhat mediocre signals on its plans to distribute fiscal stimulus, as inflation data from the country was disappointing. Asian trading volumes were somewhat slow due to the Japanese market holiday. Regional markets…
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Bank of Canada business outlook survey says “demand is weak”
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To me, this report is more important than today’s jobs data. The Business Expectations Survey index remains negative, indicating broad-based weakness “Demand is weak, businesses have excess capacity, and price growth continues to slow” but there has been only slight deterioration since last quarter. Companies have reported weak sales growth…
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Dollar stable after payrolls gains; euro slips on weak data By Investing.com
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Investing.com – The US dollar steadied on Monday, holding on to gains made after Friday’s strong jobs report to start the week, which included the release of key inflation data as well as minutes from the Federal Reserve’s latest meeting. At 04:00 EST (08:00 GMT), the dollar index, which tracks…
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Asia FX weak, dollar strong amid bets on smaller US interest rate cut By Investing.com
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Investing.com — Most Asian currencies fell on Monday with the Japanese yen taking sharp losses, while the dollar stabilized from a recent rebound as strong jobs data sparked bets on smaller interest rate cuts. Regional trading volumes were affected by the holiday in China, and markets are scheduled to open…
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Dollar bounces off lows; euro hit by weak PMI data By Investing.com
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The U.S. dollar rose on Monday, pulling away from a one-year low hit last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.5% at 100.925, just above…
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Pyrethrum extract prices rebound to a record high on weak shilling
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The price of pyrethrum extract, the main product obtained from processing pyrethrum flowers, jumped 38.8 percent last year to an all-time high, due to the weak shilling. Data from the Agriculture and Food Authority shows that the average price per kilogram of the extract was Sh37,500 in 2023, up from…
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Janet Yellen still sees a soft landing despite weak jobs report
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U.S. Treasury Secretary Janet Yellen said there were no “red lights flashing” in the financial system, and reiterated her view that the U.S. economy has reached a soft landing even with weak job growth. “For the U.S., the kinds of metrics that we watch that would summarize risks — whether…
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Janet Yellen still sees a soft landing despite weak jobs report
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U.S. Treasury Secretary Janet Yellen said there were no “red lights flashing” in the financial system, and reiterated her view that the U.S. economy has reached a soft landing even with weak job growth. “For the U.S., the kinds of metrics that we watch that would summarize risks — whether…
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Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets
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Bitcoin dropped below $54,000 On September 6, 2024, after rising earlier in the day to $57,000 following the US non-farm payrolls data. The report showed that the economy added just 142,000 jobs in August, which was far less than expected and threw the cryptocurrency market into a tailspin. This sudden…
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Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets
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Bitcoin dropped below $54,000 On September 6, 2024, after rising earlier in the day to $57,000 following the US non-farm payrolls data. The report showed that the economy added just 142,000 jobs in August, which was far less than expected and threw the cryptocurrency market into a tailspin. This sudden…
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Helium Network Expansion Fuels 13% Gains Despite Weak Market
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They say journalists never truly wake up. But for Christian, that’s not just a metaphor, it’s a way of life. By day, he navigates the ever-changing currents of the cryptocurrency market, carrying words like a seasoned editor and crafting articles that decode jargon for the masses. When his PC goes…
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Arcadium Lithium limps to new lows; UBS starts at Neutral on continued weak pricing
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MF3d/iStock via Getty Images Arcadium lithium (New York Stock Exchange: Altm) closed -9.6% In Tuesday trading, one of several alternative energy stocks hit a 52-week low, as a wave of bearish sentiment swept the energy sector into broad losses. Vistra (VST) and Constellation Energy (CEG)) included two of the day’s…
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Manufacturers now seek stimulus package as weak demand cuts sales
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Manufacturers are proposing a government stimulus package to revive their fortunes after sales mostly fell in an environment of weak demand for goods and high borrowing costs. A survey of corporate chief executives by the Central Bank of Kenya showed that 69.2% of manufacturing firms reported a decline in sales…
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Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
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(Reuters) – Wolfspeed Corp on Wednesday forecast lower-than-expected first-quarter revenue, anticipating manufacturing issues that could impact its production capacity amid slowing sales of electric vehicles. However, shares of the chipmaker rose about 6% in extended trading, as CEO Greg Lowe said the company continues to see strong growth from its…