News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Daily Investor Updates | Forex Blog - Economy
9 | Follower
Gold closes week above $2,700, US PCE data in Focus - Forex Trader Hub
Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic data shows mixed signals; Services and Composite PMIs outperform while Manufacturing PMI remains in contraction. Gold price rallies to a
China’s Huawei aims 100,000 apps on Harmony OS in 6-12 months By Reuters - Forex Trader Hub
SHANGHAI (Reuters) - China's Huawei, blacklisted by the U.S., said on Saturday it is targeting 100,000 applications for its Harmony (JO:) operating system in coming months as it seeks widespread help to achieve self-reliance. The tech giant has more than 15,000 applications based on Harmony that can meet consumers' basic needs, but the ecosystem requires
Seven & i founding family sounded out KKR, others about buyout, Nikkei says By Reuters - Forex Trader Hub
TOKYO (Reuters) - The founding family of Japan's Seven & i Holdings has approached KKR & Co (NYSE:) and other investment firms about participating in the potential buyout of the retailer, the newspaper reported on Saturday. In addition to KKR, the founding Ito family also approached Bain Capital and Apollo Global Management (NYSE:) due to
COP29 agrees deal to kick-start global carbon credit trading By Reuters - Forex Trader Hub
By Virginia Furness, Kate Abnett and Simon Jessop BAKU (Reuters) - Countries agreed a deal at the COP29 climate conference on Saturday on rules for a global market to buy and sell carbon credits that proponents say will mobilise billions of dollars into new projects to help fight global warming. The agreement, clinched roughly a
Adani Energy Solutions says no material impact from Kenya energy deal cancellation By Reuters - Forex Trader Hub
(Reuters) - Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business. It said it was responding to a request for clarification from the Bombay Stock
Goldman funds to take $900 million hit on Northvolt, FT reports By Reuters - Forex Trader Hub
(Reuters) - Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday. The Goldman private equity funds, which together ranked as the second-largest shareholders in Northvolt, plan to write down their $896 million investment
Adani Group could find funding harder after US indictment as banks review credit By Reuters - Forex Trader Hub
By Scott Murdoch and Tom Westbrook (Reuters) -Gautam Adani's conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to
FIFA, Mythical Games collaborate to launch blockchain game FIFA Rivals - Forex Trader Hub
Federation Internationale de Football Association (FIFA) and blockchain gaming studio Mythical Games have teamed up to launch FIFA Rivals — a free-to-play soccer game on Apple’s iOS and Android.Scheduled to be released in the summer of 2025, FIFA Rivals will allow gamers to manage their own soccer clubs and compete against other players in real-time
CFTC report endorses tokenizing trading collateral - Forex Trader Hub
The Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee. Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivatives exchanges and expand the variety of
Robinhood’s top attorney Gallagher rules out SEC chair role By Reuters - Forex Trader Hub
By Niket Nishant and Chris Prentice (Reuters) - Robinhood Markets (NASDAQ:)' Chief Legal Officer Dan Gallagher on Friday withdrew from consideration for chair of the Securities and Exchange Commission in the Trump administration, leaving other Republican former SEC officials among the top candidates. "I've made it clear to the relevant people that I'm not interested
How big fossil-fuel-producing countries export emissions abroad By Reuters - Forex Trader Hub
By Mohamed Ezz and Valerie Volcovici ALEXANDRIA, Egypt/BAKU (Reuters) - Black dust coats streets and collects on rooftops in the neighbourhood adjoining a sprawling cement factory in the Egyptian city of Alexandria. Activists and local residents accuse the plant operated by the Alexandria Portland Cement Company (APCC), a subsidiary of Greece’s Titan Cement, of fouling
Trump’s FDA pick is surgeon and writer Martin Makary By Reuters - Forex Trader Hub
By Michael Erman (Reuters) -U.S. president-elect Donald Trump has nominated surgeon and writer Martin Makary to lead the Food and Drug Administration, the world's most influential drug regulator with a more than $7 billion budget. Makary, a physician at Johns Hopkins Hospital in Baltimore, where he is chief of islet transplant surgery, in interviews promoting
Trump expected to pick Bessent to be US treasury secretary, sources say By Reuters - Forex Trader Hub
By Steve Holland and Alexandra Ulmer (Reuters) -President-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday, putting him at the helm of a cabinet position with vast influence over economic, regulatory and international affairs. One source briefed by the
Dow Jones squeezes out another 400 point gain on Friday - Forex Trader Hub
The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday
Sirius XM found liable in New York lawsuit over subscription cancellations By Reuters - Forex Trader Hub
By Jonathan Stempel NEW YORK (Reuters) - A New York state judge found Sirius XM Holdings (NASDAQ:) liable in New York Attorney General Letitia James' lawsuit accusing the satellite radio and streaming company of making it too hard for customers to cancel subscriptions. While rejecting claims alleging fraud and deceptive practices, Justice Lyle Frank of
Games Workshop shares soar on trading update By Investing.com - Forex Trader Hub
Inveting.com -- Shares of Games Workshop Group (LON:) surged more than 16% on Friday, driven by an upbeat trading update for the six months ending December 1. Games Workshop said in a statement that trading since its previous update on September 18, has exceeded expectations. The group now anticipates core revenue of no less than
Nvidia added to upside 90-day catalyst watch at Citi By Investing.com - Forex Trader Hub
Investing.com -- Citi has placed Nvidia (NASDAQ:) on a 90-day Upside Catalyst Watch ahead of CES in January 2025. The bank anticipates key announcements from Nvidia during the event, including updates on its Blackwell product line, improvements in gross margins, and growth opportunities in AI-driven industrial and robotics applications. Citi noted that Nvidia delivered a "beat
Google must divest Chrome to restore competition in online search, DOJ says By Reuters - Forex Trader Hub
By Jody Godoy (Reuters) -Alphabet's Google must sell its Chrome browser, share data and search results with rivals and take other measures - including possibly selling Android - to end its monopoly on online search, prosecutors argued to a judge on Wednesday. The measures presented by the Department of Justice are part of a landmark
Brazil blasts Carrefour over vow to keep Mercosur meat off shelves By Reuters - Forex Trader Hub
By Lisandra Paraguassu and Luana Maria Benedito BRASILIA (Reuters) - Brazil's government has blasted French retailer Carrefour (EPA:) after its CEO vowed to keep South American meat off its shelves in France in solidarity with farmers, calling the comments part of a wider push to undermine a pending trade deal. Agriculture Minister Carlos Favaro called
DirecTV terminates Dish deal over failed debt swap By Reuters - Forex Trader Hub
(Reuters) -U.S. satellite TV provider DirecTV said on Thursday it has terminated its agreement to acquire Echostar (NASDAQ:)'s satellite television business that includes rival Dish TV over a failed debt-exchange offer. For the deal to go through, Dish DBS debtholders had to agree to exchange their debt for new debt in the merged entity at
Global banks weigh halting fresh credit to India’s Adani after U.S. indictment, say sources By Reuters - Forex Trader Hub
By Shankar Ramakrishnan, Sumeet Chatterjee, Davide Barbuscia and Sinead Cruise HONG KONG/NEW YORK (Reuters) - Some global banks are considering temporarily halting fresh credit to India's Adani Group but staying put with existing loans following U.S. prosecutors' indictment of its billionaire founder Gautam Adani for fraud, sources said. U.S. prosecutors have charged eight people, including
Solana ETF regulatory filings flood in as Gensler sets departure date - Forex Trader Hub
Cboe BZX Exchange has submitted four 19b-4 filings for asset managers Bitwise, VanEck, 21Shares and Canary Capital to list spot Solana exchange-traded funds (ETFs) — the same day the Securities and Exchange Commission chief confirmed he will resign in January. If approved, the Bitwise, VanEck, 21Shares and Canary Capital-issued spot Solana (SOL) ETFs would be listed
Wall St indexes mixed as Alphabet weighs; Dow hits one-week high By Reuters - Forex Trader Hub
By Johann M Cherian and Purvi Agarwal (Reuters) - Wall Street's main indexes were mixed in volatile trading on Thursday, with Alphabet (NASDAQ:)'s losses weighing on the benchmark and the Nasdaq, while the blue-chip Dow touched a one-week high, boosted by shares of cloud company Salesforce (NYSE:). Alphabet slid 6.2% to touch a more than
EUR/USD backslides on Thursday, tests new multi-month low - Forex Trader Hub
EUR/USD gave up another 0.6% as Greenback remains bid. The Euro is poised for further losses after falling to its lowest prices in over a year. Friday PMI releases to dominate the end of the week. EUR/USD trimmed further into the low end on Thursday, continuing to shed weight in the near-term and falling to
Musk, Ramaswamy will lean on Supreme Court rulings to cut US agencies By Reuters - Forex Trader Hub
(Reuters) -Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and reduce regulations the two call unnecessary, costly and inefficient. Musk, the billionaire CEO of
Funding for Seven & i founding family buyout will be finalised by end Dec, say sources By Reuters - Forex Trader Hub
By Kane Wu and Miho Uranaka TOKYO (Reuters) -Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's three largest lenders, two people with knowledge of the matter said. Mitsubishi UFJ Financial Group (NYSE:), Sumitomo Mitsui Financial Group
Japan stocks lower at close of trade; Nikkei 225 down 0.97% By Investing.com - Forex Trader Hub
Investing.com – Japan stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in Tokyo, the lost 0.97%. The best performers of the session on the were Tokyo Gas Co., Ltd. (TYO:), which rose 4.94% or 213.00 points to trade at 4,528.00 at the
Trump team weighs creating first-ever White House crypto role, Bloomberg News reports By Reuters - Forex Trader Hub
(Reuters) - President-elect Donald Trump's team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to crypto policy, Bloomberg News reported on Wednesday. The team is vetting candidates for the role, the report said, citing people familiar with the transition efforts. The transition team did
Adani dollar bonds tumble after US bribery charges By Reuters - Forex Trader Hub
SINGAPORE (Reuters) -Dollar bond prices for Adani companies fell sharply in early Asia trade on Thursday after the Indian conglomerate's billionaire chairman was indicted in New York over allegations of bribery and fraud. Prices for Adani Port and Special Economic Zone debt maturing in August 2027 fell more than five cents on the dollar, according
Bitwise registers Solana ETF in US state Delaware - Forex Trader Hub
Digital asset management firm Bitwise has registered a statutory trust for a proposed spot Solana exchange-traded fund (ETF) in Delaware — indicating that it may soon file for an S-1 registration statement with the United States securities regulator.The Bitwise Solana (SOL) ETF was incorporated on Nov. 20, according to the State of Delaware’s Division of
ARK Venture Fund offers 15% exposure to Elon Musk’s private firms By Investing.com - Forex Trader Hub
NEW YORK - ARK Investment Management LLC has announced that as of October 31, 2024, its ARK Venture Fund provides investors with almost 15% exposure to several of Elon Musk’s private ventures. The fund includes stakes in SpaceX, X.AI, and X Corp., which are not publicly traded and are typically out of reach for most
Japanese Yen gains positive traction against USD, upside potential seems limited - Forex Trader Hub
The Japanese Yen strengthens against the USD, though it lacks bullish conviction amid BoJ uncertainty. The upbeat market mood and elevated US bond yield might contribute to capping the lower-yielding JPY. Traders look at Thursday's US macro data and the Fed speaks ahead of Japan’s National CPI on Friday. The Japanese Yen (JPY) edges higher
Rumble shares rise 9% as founder mulls scooping up Bitcoin - Forex Trader Hub
Rumble, a YouTube alternative popular among the far-right and conspiracy theorists, has become the latest company to consider adding Bitcoin to its balance sheet.Rumble Inc (RUM) shares gained as much as 9%, hitting a high of $6.20 in after-hours trading on Nov. 19 after its founder and CEO Chris Pavlovski earlier posed the question on
Asia stocks falter with Nvidia in focus, China leaves rates unchanged By Investing.com - Forex Trader Hub
Investing.com-- Asian stocks kept to a tight range on Wednesday as technology shares turned skittish before key earnings from Nvidia Corp , while Chinese markets struggled after Beijing left its benchmark lending rates unchanged. Regional markets took little strength from a positive overnight session on Wall Street, which was spurred largely by gains in NVIDIA
Column-There may be no durable Trump trade: Mike Dolan By Reuters - Forex Trader Hub
By Mike Dolan LONDON (Reuters) - Pity the poor forecasters compiling 2025 investment outlooks. Little of their hastily-compiled post-election annual outlooks may endure beyond the end of this year. Investors seized upon the unexpected size and sweep of this month's U.S. election win by Donald Trump and his Republican Party to double down on a
Qualcomm ‘positive’ on Trump administration as it forecasts chip sales growth By Reuters - Forex Trader Hub
By Stephen Nellis (Reuters) -Qualcomm executives on Tuesday said they were "positive" on President-elect Donald Trump's incoming administration and were not concerned that proposed U.S. tariffs would dampen the nearly half of Qualcomm (NASDAQ:)'s sales derived from the China. Qualcomm executives made the remarks at an investor event in New York during which the company
Healthcare executives expect more IPOs and corporate dealmaking in 2025 By Reuters - Forex Trader Hub
By Emma-Victoria Farr FRANKFURT (Reuters) - Healthcare executives and investors expect an uptick in initial public offerings and corporate dealmaking in 2025, with geopolitical tensions overtaking funding challenges as the biggest risk to the sector, Jefferies' annual healthcare report showed on Tuesday. WHY IT'S IMPORTANT Healthcare is an active sector for M&A, with deals such
EUR/USD looks for higher ground above 1.06 - Forex Trader Hub
EUR/USD spiraled between key levels on Tuesday as momentum remains limited. Fiber is looking to stage a recovery back above the 1.0600 handle, but headwinds remain. A lack of key momentum-driving data is hobbling bullish momentum opportunities. EUR/USD chewed through chart paper between 1.0550 and 1.0600 levels on Tuesday, testing into the low side but
Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials By Reuters - Forex Trader Hub
By Ananya Mariam Rajesh and Aishwarya Venugopal (Reuters) -Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world's largest retailer continues to gain market share ahead of the holidays. Shares of Walmart (NYSE:), which are up nearly 60% this
Seven & i founding family aims to raise $52 billion for buyout this year, NHK says By Reuters - Forex Trader Hub
TOKYO (Reuters) - The founding Ito family behind Japanese retailer Seven & I (T:) aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public broadcaster NHK reported on Tuesday. The family has established a special purpose company that is in talks with