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Daily Investor Updates | Forex Blog - Economy
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.91% By Investing.com - Forex Trader Hub
Investing.com – U.S. stocks were higher after the close on Tuesday, as gains in the , and sectors led shares higher. At the close in NYSE, the gained 0.91%, while the index gained 1.10%, and the index added 1.35%. The best performers of the session on the were Walmart Inc (NYSE:), which rose 2.58% or
Toyota is donating $1 million to Trump’s inauguration By Reuters - Forex Trader Hub
By Nora Eckert DETROIT (Reuters) - Toyota Motor (NYSE:) of North America is donating $1 million to President-elect Donald Trump's Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit's Ford Motor (NYSE:) and General Motors (NYSE:), said they would give the same amount. Ford and GM are also contributing vehicles to
Exclusive-KKR, Bain bids ranged from $4.8 billion to $7.6 billion for Seven & i assets, sources say By Reuters - Forex Trader Hub
By Miho Uranaka, Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) - Private equity firms including KKR and Bain Capital offered from around 750 billion yen ($4.8 billion) to around 1.2 trillion yen ($7.6 billion) in a first round of bidding for the non-core assets of Japan's Seven & i Holdings, according to people familiar with
Taiwan blocks Uber’s $950 million Foodpanda deal, CNA reports By Reuters - Forex Trader Hub
(Reuters) -Taiwan has blocked Uber Technologies (NYSE:)' $950 million purchase of Delivery Hero's Foodpanda business on the island because of anti-competition concerns, Taiwan's official Central News Agency (CNA) reported on Wednesday. Uber, Delivery Hero and Foodpanda did not immediately respond to requests for comment outside regular business hours. Taiwan’s Fair Trade Commission declined comment but
Biden administration announces new Chinese chips probe, Semiconductor stocks gain By Investing.com - Forex Trader Hub
Investing.com -- U.S. semiconductor stocks mostly edged higher in premarket trading on Tuesday after the Biden administration launched a new trade investigation into Chinese-made legacy semiconductors. The probe, initiated under Section 301 of the Trade Act of 1974, could lead to additional tariffs on older Chinese chips that are used in everyday products such as automobiles,
XAU/USD holds around $2,610 ahead of Christmas Eve - Forex Trader Hub
Gold remains steady near $2,610 as the US Dollar continues to strengthen. Fed signals fewer rate cuts next year, reducing upward pressure on Gold. XAU/USD faces downward pressure as it tests 100-day SMA support. The Gold price remains relatively steady around the $2,611 mark, as market participants adjust to a more cautious outlook on US
Stellantis unit to pay $4.2 million to resolve California emissions probe By Reuters - Forex Trader Hub
By David Shepardson (Reuters) -Stellantis unit FCA US agreed to pay $4.2 million to resolve a California investigation into excess emissions, the state said on Monday. The California Air Resources Board (CARB) said the vehicles covered by the settlement for violations of air quality regulations include 2014 through 2016 Ram ProMaster 1500, 2500 and 3500
New Fortress Energy stock surges on Puerto Rico plant deal report By Investing.com - Forex Trader Hub
Investing.com -- Shares of New Fortress Energy (NASDAQ:) surged up 14% today, marking the most significant intraday rise since October, following reports that a consortium involving the company has been selected to build a new gas-fired power plant in Puerto Rico. The San Juan Daily Star cited that authorities have chosen a consortium comprising Tropigas
Exclusive-TPG in talks to acquire solar firm Altus Power, sources say By Reuters - Forex Trader Hub
By David French NEW YORK (Reuters) - Buyout firm TPG's climate investment arm is in talks to acquire Altus Power, a provider of solar power to commercial property owners and residential homes, people familiar with the matter told Reuters on Monday. If the talks between TPG Rise Climate and Altus are successful, a deal could
Chile files environmental charges against Anglo American copper mine By Reuters - Forex Trader Hub
SANTIAGO (Reuters) -Chile's environmental regulator has filed four charges against the major Los Bronces mine, controlled by Anglo American (JO:), for noncompliance with environmental permits, the agency said on Monday. The charges could carry a fine of nearly 17 billion pesos ($17.17 million), according to the Superintendency of the Environment, or SMA. Los Bronces is
Japan stocks lower at close of trade; Nikkei 225 down 0.26% By Investing.com - Forex Trader Hub
Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the , and sectors led shares lower. At the close in Tokyo, the declined 0.26%. The best performers of the session on the were Honda Motor Co Ltd (TYO:), which rose 12.22% or 156.00 points to trade at 1,432.50 at the
Australian Dollar remains under pressure following the release of the RBA Meeting Minutes - Forex Trader Hub
The Australian Dollar depreciates as the RBA may begin rate cuts in February. The RBA’s Meeting Minutes suggested that the board had grown more confident about inflation; however, risks persisted. US Dollar appreciated as Fed policymakers signaled fewer rate cuts in 2025 due to a slowdown in the disinflation process. The Australian Dollar (AUD) loses
Nippon Steel’s U.S. Steel bid referred to President Biden for final decision By Reuters - Forex Trader Hub
By Alexandra Alper and Katya Golubkova WASHINGTON (Reuters) - Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes. The Committee on Foreign Investment in the United
Volkswagen shares fall as markets struggles to digest unions deal By Reuters - Forex Trader Hub
By Ozan Ergenay and Andrey Sychev (Reuters) - Volkswagen (ETR:) shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker's cost-cutting deal with unions and likely headwinds in 2025. Friday's agreement, hailed by unions as a "Christmas miracle", calls for more than 35,000 future job cuts and a reduction
Trump says it could be worth keeping TikTok in US for a little while By Reuters - Forex Trader Hub
By Gram Slattery (Reuters) - President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to keep operating in the United States for at least a little while, saying he had received billions of views on the social media platform during his presidential campaign. Trump's comments before a crowd of conservative supporters in Phoenix,
Honda, Nissan set to announce launch of integration talks, sources say By Reuters - Forex Trader Hub
By Maki Shiraki and Norihiko Shirouzu TOKYO (Reuters) -Honda and Nissan (OTC:) are expected on Monday to announce the start of business integration talks, two people familiar with the matter told Reuters, as the carmakers strive to survive a rapidly changing industry landscape. The Japanese automakers are hosting board meetings on Monday about the talks
Murdoch’s News Corp to sell Foxtel to Britain’s DAZN for $2.1 billion By Reuters - Forex Trader Hub
(Reuters) -Rupert Murdoch's News Corp (NASDAQ:) said on Monday it would sell its Australian cable TV and streaming unit Foxtel to British over-the-top sports streaming and entertainment platform DAZN for A$3.4 billion ($2.1 billion), including debt. As part of the deal, Foxtel's current debt will be refinanced at closing and News Corp will hold a
Australian Dollar appreciates as US Dollar remains subdued after a softer inflation report - Forex Trader Hub
The Australian Dollar appreciates as US PCE data reinforced the likelihood of Fed adopting a gradual policy easing in 2025. The AUD receives downward pressure as the RBA may begin rate cuts in February. CME FedWatch tool suggests a more than 90% probability of the Fed keeping rates unchanged in January. The Australian Dollar (AUD)
France’s L’Oreal acquires Migros’ South Korean cosmetic unit By Reuters - Forex Trader Hub
PARIS (Reuters) - French cosmetics giant L'Oreal said on Monday it had signed a deal with Swiss retailer Migros to buy the latter's South Korean skincare business Gowoonsesang Cosmetics, which includes the skin care brand Dr.G. The company's announcement confirms Reuters' report on Friday. Dr.G is the No. 1 facial care line in the Korean
Stellantis reverses Ohio layoffs weeks after CEO’s abrupt departure By Reuters - Forex Trader Hub
(Reuters) -Stellantis has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant less than three weeks after the abrupt resignation of Chief Executive Carlos Tavares, the Franco-Italian automaker said late on Saturday. The company has decided not to put any employees on indefinite layoff from Jan. 5 due to a previously
VW managers to get 10% pay cut in plan to slash bonuses, German newspaper reports By Reuters - Forex Trader Hub
BERLIN (Reuters) - A reduction in managers' bonuses at Volkswagen (ETR:) will lead to a 10% pay cut for the next two years, the Sueddeutsche Zeitung newspaper reported on Sunday, after the German carmaker struck a deal with unions to axe jobs and scale back production. The reduction will apply to May bonus payments, leading
China’s Nio introduces Firefly brand to take on BMW’s Mini By Reuters - Forex Trader Hub
GUANGZHOU, China (Reuters) - Nio (NYSE:) unveiled a lower-cost brand named Firefly on Saturday that it touted as a rival to Mercedes' Smart and BMW (ETR:)'s Mini in the Chinese electric vehicle maker's latest bid to broaden its customer base and boost sales. CEO William Li announced the new brand at an annual company event
US agency warns extended government shutdown could lead to long lines at airports By Reuters - Forex Trader Hub
By David Shepardson WASHINGTON (Reuters) - The head of the Transportation Security Administration on Thursday warned that an extended partial U.S. government shutdown could lead to longer wait times at airports. TSA, which handles airport security screening, said about 59,000 of its 62,000 employees are considered essential and would continue working without pay in the
USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data - Forex Trader Hub
USD/JPY retreats below 157.00 at the end of the week. Traders dumped the USD after soft PCE data. The Fed's hawkish outlook might limit the pair's downside. The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data. Softer inflation metrics, coupled
MedTech sector outlook for 2025: RBC By Investing.com - Forex Trader Hub
Investing.com -- RBC Capital Markets is feeling bullish about the MedTech sector heading into 2025, noting a robust environment driven by innovation, favorable demographics, and a pro-business policy landscape under the Trump administration. The firm highlights significant opportunities across its coverage universe, from large-cap leaders to emerging mid-cap innovators. According to RBC, 2025 will be
Starbucks workers’ union strikes across US as talks hit impasse By Reuters - Forex Trader Hub
(This Dec. 21 story has been corrected to remove the word 'contract', in paragraph 14) By Savyata Mishra, Gursimran Mehar and Renee Hickman (Reuters) - Some members of the Starbucks (NASDAQ:) workers' union that represents more than 10,000 baristas walked off their jobs in multiple U.S. cities on Friday, citing unresolved issues over wages, staffing
Volkswagen to cut more than 35,000 jobs in Germany by 2030 By Reuters - Forex Trader Hub
FRANKFURT (Reuters) - Volkswagen (ETR:) on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.65 billion) in efficiency gains. ($1 = 0.9588 euros) Source link
China’s Nio says new Firefly EV to go on sale in Europe in H1 2025 By Reuters - Forex Trader Hub
BEIJING (Reuters) -China's Nio (NYSE:) on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. William Li, Nio's CEO, told reporters in Guangzhou that the company will work with local partners on the
Foxconn interest in Nissan on hold amid Honda merger talks, Bloomberg News reports By Reuters - Forex Trader Hub
(Reuters) -Taiwan's Foxconn (SS:) is pausing its interest in Nissan (OTC:) Motor as the Japanese automaker explores a potential merger with Honda (NYSE:) Motor, Bloomberg News reported on Friday, citing people familiar with the matter. Foxconn's decision comes after it sent a delegation to meet with Nissan's biggest shareholder Renault (EPA:) in France, the report
Jefferies downgrades SoftBank as its $100 billion investment to limit buyback By Investing.com - Forex Trader Hub
Investing.com -- Jefferies said SoftBank Group Corp's (TYO:) over its $100 billion U.S. investment pledge may limit share buybacks and constrain stock upside. Brokerage downgraded the stock to “hold.” The investment, focused on AI ventures, energy projects, and semiconductor production, could create long-term value, Jefferies said. However, in the near term, funding challenges and a potential
Google says it could loosen search deals in US antitrust case By Reuters - Forex Trader Hub
By Jody Godoy (Reuters) - Alphabet (NASDAQ:)'s Google proposed on Friday a loosening of its agreements with Apple (NASDAQ:) and others to set Google as the default search engine on new devices to address a U.S. ruling that it unlawfully dominates online search. The proposal is much narrower than the government's bid to make Google
Ironwood Pharmaceuticals shares surge on competitor’s woes By Investing.com - Forex Trader Hub
Investing.com -- Shares of Ironwood Pharmaceuticals (NASDAQ:) soared by as much as 32% today, following a significant development in the biotech sector that could indirectly benefit the company. Zealand Pharma (NASDAQ:) A/S, another player in the industry, received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding their New Drug
House Democrat says Republicans protecting Elon Musk’s Chinese investments By Reuters - Forex Trader Hub
By David Shepardson WASHINGTON (Reuters) -The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk's Chinese investments by scrapping provisions restricting U.S. investments. Representative Rosa DeLauro said in a letter that Musk, CEO of electric car maker Tesla (NASDAQ:), may have upended the government
Slight end-of-week rebound fails to break key resistance - Forex Trader Hub
EUR/USD gains on Friday, settling near 1.0395 after Wednesday’s steep decline. RSI rises sharply to 37, remaining in negative territory and reflecting hesitant recovery attempts. MACD histogram prints flat red bars, indicating persistent bearish pressure albeit with signs of stabilization. After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a
Honda and Nissan consider mutual production of vehicles -Kyodo By Reuters - Forex Trader Hub
TOKYO (Reuters) - Honda (NYSE:) and Nissan (OTC:) are considering producing vehicles in one another's factories as part of their talks to deepen ties, news agency Kyodo reported on Saturday without citing sources. The report added that Honda will also consider supplying hybrid vehicles to Nissan as part of the potential merger, without mentioning the
Prothena stock soars despite study miss By Investing.com - Forex Trader Hub
Investing.com -- Shares of Prothena Corporation plc (NASDAQ:PRTA) surged 43% today, marking the most significant intraday rise since September 2022, even though the company announced that its Phase IIb PADOVA study, conducted by partner Roche, did not meet its primary endpoint in a trial for an experimental Parkinson’s disease drug. Despite the missed endpoint, the
Japan stocks lower at close of trade; Nikkei 225 down 0.22% By Investing.com - Forex Trader Hub
Investing.com – Japan stocks were lower after the close on Friday, as losses in the , and sectors led shares lower. At the close in Tokyo, the fell 0.22%. The best performers of the session on the were Sumitomo Realty & Development Co. (TYO:), which rose 5.49% or 249.00 points to trade at 4,781.00 at
Lawsuit alleges U.S. failed to evacuate Palestinian Americans trapped in Gaza By Reuters - Forex Trader Hub
By Kanishka Singh WASHINGTON (Reuters) - Nine Palestinian Americans sued the U.S. government on Thursday, alleging that it had failed to rescue them or members of their families who were trapped in Gaza where Israel's war has killed tens of thousands and caused a humanitarian crisis. The lawsuit accuses the State Department of discriminating against
Ukraine may consider Russian gas transit if Moscow not paid during war By Reuters - Forex Trader Hub
By Kate Abnett and Anastasiia Malenko BRUSSELS (Reuters) - Ukraine could consider continued transit of Russian gas on the condition that Moscow does not receive money for the fuel until after the war, President Volodymyr Zelenskiy said on Thursday. Ukraine has previously ruled out extending a contract to transit Russian gas, via Ukraine, to Europe,
Lamb Weston names insider Michael Smith as CEO amid activist investor pressure By Reuters - Forex Trader Hub
(Reuters) - Lamb Weston on Thursday named insider Michael Smith as its chief executive officer following pressure from activist investor Jana Partners to make changes to its top brass or sell itself. Shares of the frozen potato snacks maker were down 13% in premarket trading as it also lowered its annual profit and sales forecasts.