News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Daily Investor Updates | Forex Blog - Economy
9 | Follower
Mondelez International beats Q1 sales, profit estimates on higher prices By Reuters - Forex Trader Hub
By Anuja Bharat Mistry(Reuters) -Cadbury parent Mondelez (NASDAQ:) International beat market expectations for first-quarter sales and profit on Tuesday helped by steady demand for its pricey products such as chocolates and salted crackers, despite rising costs.Shares of the Chicago-based company were down 1% after the bell as it maintained its annual forecasts for organic net
Investors wait to see Red Sea in shippers’ Q1 numbers By Reuters - Forex Trader Hub
(Corrects paragraph 3 to say pandemic peak freight price was $13,559, not $11,137)By Jesus Calero and Louis van Boxel-Woolf(Reuters) -European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first quarter, reinforcing worries about overcapacity in the long run.Spot freight
US stocks slip as hot inflation dents rate cut hopes; Fed meeting gets underway By Investing.com - Forex Trader Hub
Investing.com-- U.S. stocks fell Tuesday as the focus turns to the upcoming Federal Reserve meeting, especially after the release of more hot inflation data.At 05:35 ET (09:35 GMT), fell 200 points, or 0.5%, dropped 16 points, or 0.3%, while slipped 60 points, or 0.3%. The main Wall Street indices are on course to record losses of between 2.4%
Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode - Forex Trader Hub
Bitcoin (BTC) price continues its post-halving retrace, which has seen the market transition into a regime of widespread net redistribution, causing the “euphoric phase” to cool off, according to a Glassnode report which identifies the cohort of investors driving the current sell-side activity. Bitcoin’s rally to $73,000 reactivated sell-side pressureBitcoin price has had an impressive run
Australia’s Qantas probing reports of data breach at frequent flyers app By Reuters - Forex Trader Hub
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases
Medifast stock plunges on earnings miss, weak outlook By Investing.com - Forex Trader Hub
Medifast (NYSE:), a wellness company known for its OPTAVIA brand, reported a significant decline in first-quarter revenue and earnings after the close on Monday, missing Wall Street estimates and projecting weaker-than-expected guidance for the second quarter. The company's shares plummeted 25% as investors reacted to the disappointing results and outlook.For the first quarter ended March
Musk disbands Tesla EV charging team, leaving customers in the dark By Reuters - Forex Trader Hub
By Joseph White, Akash Sriram and Nora EckertDETROIT (Reuters) -Elon Musk's abrupt decision to lay off employees who ran Tesla (NASDAQ:)'s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.For now, General Motors (NYSE:), Ford (NYSE:) and
EUR/USD tumbles out of recent range, tests below 1.0770 as markets flee into safe havens - Forex Trader Hub
Euro slips to near-term lows as risk-off markets bid Greenback. European markets will be largely dark on Wednesday. Midweek Fed rate call on the cards. EUR/USD slid below the 1.0670 level on Tuesday after an unexpected uptick in US wages growth reignited fears of sticky inflation, chopping down rate cut expectations and sending investors into
Konecranes reports record Q1 profitability, strong outlook By Investing.com - Forex Trader Hub
Konecranes (KCR.HE), a global leader in the manufacturing of cranes and lifting equipment, has reported a record high profitability for the first quarter, with sales reaching €913 million, a 2.5% increase year-over-year (YoY). The company unveiled its new Konecranes’ X Series crane, anticipating robust demand across various industries. With the global container throughput index rising
AUD/USD holds steadily as traders anticipate Australian Retail Sales, Fed’s decision - Forex Trader Hub
AUD/USD advances on improved risk sentiment and the impact of Japanese intervention on the US Dollar. US economic data shows a slight decline in the Dallas Fed Manufacturing Index. The Federal Reserve’s is expected to maintain current interest rates on May 1. Upcoming Australian Retail Sales and China's PMI data could further influence AUD/USD movements.
Kinsale capitalizes on strong Q1 2024 performance By Investing.com - Forex Trader Hub
Kinsale Insurance Company (NASDAQ: KNSL) reported a robust first quarter in 2024, with significant growth in operating earnings per share and gross written premium. The company's strategic focus on disciplined excess and surplus (E&S) underwriting and efficient technology-driven operations contributed to the positive results, despite a slowdown in premium growth due to increased competition in
Philip Morris faces key test with US heated tobacco push By Reuters - Forex Trader Hub
By Emma RumneyLONDON (Reuters) - Philip Morris International (NYSE:)'s goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates.The world's biggest tobacco company by market value will launch its flagship heated tobacco device IQOS in the U.S. in the
Elon Musk fires two senior executives, plans to dismiss 500 more employees - Forex Trader Hub
Elon Musk has fired two senior Tesla (NASDAQ:) executives due to dissatisfaction with falling sales and the slow progress of previous layoffs, according to a report by The Information on Tuesday.Rebecca Tinucci, the senior director in charge of Tesla's Supercharger network, and Daniel Ho, who leads the new vehicles program, were let go. Furthermore, Musk
Samourai Wallet co-founder pleads not guilty, released on $1M bond - Forex Trader Hub
Keonne Rodriguez, one of two individuals associated with cryptocurrency mixer Samourai Wallet who the United States Justice Department charged with money laundering, has pleaded not guilty and was released on bail.In an April 29 appearance in U.S. District Court for the Southern District of New York, Rodriguez pleaded not guilty to conspiracy to operate an
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.19% By Investing.com - Forex Trader Hub
Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower.At the close in Saudi Arabia, the lost 0.19% to hit a new 1-month low.The best performers of the session on the were Thimar Development Holding Co (TADAWUL:), which rose 9.89% or 1.30 points
Israel stocks lower at close of trade; TA 35 down 0.68% By Investing.com - Forex Trader Hub
Investing.com – Israel stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower.At the close in Tel Aviv, the declined 0.68%.The best performers of the session on the were Camtek Ltd (TASE:), which rose 2.26% or 650.00 points to trade at 29,450.00 at the close. Meanwhile, Phoenix
Nigeria secures $600 million Maersk investment in seaport infrastructure By Reuters - Forex Trader Hub
ABUJA (Reuters) - Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday.The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia."We believe
Analysis-Second global AI safety summit faces tough questions, lower turnout By Reuters - Forex Trader Hub
By Martin CoulterLONDON (Reuters) - Last year, a who’s who of world leaders, corporate executives and academic experts gathered at Britain’s Bletchley Park for the world’s first global AI Safety Summit, hoping to reach consensus on the regulation of a technology some warned posed a threat to humanity. Tesla (NASDAQ:) mogul Elon Musk and OpenAI
BHP adviser canvassing investor views on improved Anglo bid, sources say By Reuters - Forex Trader Hub
By Scott Murdoch and Melanie BurtonSYDNEY (Reuters) - An adviser to BHP on its $39 billion Anglo American (JO:) bid is seeking views from some of its shareholders as the miner weighs making a revised offer after its initial proposal was rejected last week, sources said.UBS has begun booking meetings with fund managers for this
Bitcoin’s range-bound action puts eyes on NEAR, AR, CORE and BONK - Forex Trader Hub
Bitcoin (BTC) attempted to start a relief rally this week but met with intense selling pressure near $67,000. The largest cryptocurrency by market capitalization is on track to end the week with a minor loss of about 2%.Popular trader and analyst Rekt Capital believes that Bitcoin has “entered the Post-Halving ‘Danger Zone’” where it could
Canadian Dollar loses some ground against Greenback on US PCE topside miss - Forex Trader Hub
Canadian Dollar gets pushed around as investors focus elsewhere. Canada absent from economic calendar until next week. US PCE inflation remains higher than expected, weighing on rate cut hopes. The Canadian Dollar (CAD) took a back seat to broader market flows on Friday as investor focus remains pinned on decaying hopes for a rate cut
SK Innovation expects solid Q2 refining margins, battery unit widen losses By Reuters - Forex Trader Hub
By Heekyong Yang and Joyce LeeSEOUL (Reuters) -SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said on Monday it expects solid refining margins to continue in the second quarter backed by firm demand. The company posted an operating profit of 625 billion won ($454 million) for the January-March period, versus a
Mexican Peso profits from US data turmoil - Forex Trader Hub
Mexican Peso strengthens against US Dollar, buoyed by positive market mood, mixed economic reports. US inflation remains hot as core PCE Price Index increases above March expectations. Mexico shows a deficit, yet Unemployment Rate drops, presenting mixed economic scenario. The Mexican Peso counterattacks registered solid gains versus the US Dollar on Friday as economic data
Mercedes-Benz says US DOJ ended investigation into diesel emissions scandal By Reuters - Forex Trader Hub
BERLIN (Reuters) - The U.S. Department of Justice has closed its probe into the Mercedes-Benz (OTC:) diesel emissions scandal and the car manufacturer is no longer facing charges, the company said on Saturday. Mercedes-Benz cooperated fully with the DOJ, Renata Jungo Bruengger, board member for integrity, governance and sustainability at Mercedes, said in an emailed
This 360 treadmill could make Disney’s metaverse a physical playground - Forex Trader Hub
The Imagineers at Disney have come up with what may be the killer app for metaverse hardware, a 360-degree treadmill controllable via remote control, physical movement, or gesture. U.S. YouTuber and 2022 Ultimate champion Marques Brownlee, professionally known as MKBHD, was the first non-Disney employee to test the prototype device.The Holotile, as the device is called,
Exclusive-Chinese brokerage CICC cutting dealmakers’ base pay by 25%, sources say By Reuters - Forex Trader Hub
By Selena Li and Julie ZhuHONG KONG/SHANGHAI (Reuters) - China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive. Some of the impacted dealmakers were notified on Friday about
As solar capacity grows, some of America’s most productive farmland is at risk By Reuters - Forex Trader Hub
By P.J. Huffstutter and Christopher WalljasperJASPER COUNTY, INDIANA (Reuters) - Dave Duttlinger's first thought when he saw a dense band of yellowish-brown dust smearing the sky above his Indiana farm was: I warned them this would happen.About 445 acres of his fields near Wheatfield, Indiana, are covered in solar panels and related machinery – land
AI theme remains on track, buy the dip in S&P 500 By Investing.com - Forex Trader Hub
In the latest Daily Market Notes report to investors, analysts at Navellier & Associates said strong earnings reports from Microsoft (NASDAQ:) and Alphabet (NASDAQ:), have reinvigorated the AI sector outlook and the current earnings season.“Stocks are having the best week of the year, bouncing back from the first major pullback since the strong rally that
Zelenskiy says Russia targeted gas facilities that secure EU supply By Reuters - Forex Trader Hub
KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy said a Russian attack on his country's energy sector on Saturday had targeted gas facilities important for supply to the European Union.Russia continues to supply gas to the EU via Ukraine under a transit deal with Russia's Gazprom (MCX:) that is set to expire in December. Ukraine's energy
‘Lost’ Yuga Labs restructures again, with layoffs, new executive - Forex Trader Hub
Yuga Labs CEO Greg Solano had a “tough day,” he informed company employees in a message that he then shared with the world on X. Some of those employees had an even worse day after an all-hands meeting where layoffs were announced. Yuga lost its way, Solano explained.In his message to the staff, Solano said
Warren Buffett’s real estate brokerage reaches $250 million antitrust settlement By Reuters - Forex Trader Hub
By Jonathan Stempel(Reuters) - A real estate brokerage owned by Warren Buffett's Berkshire Hathaway (NYSE:) said on Friday it reached a $250 million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid.HomeServices of America, the largest U.S. real estate brokerage, was the last remaining defendant in a case
U.S. chip bans not meant to hobble China’s growth, Blinken says By Reuters - Forex Trader Hub
By Stephen Nellis(Reuters) - U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday.Since 2022, U.S. officials have imposed sweeping controls on which computing chips can be exported to
Gold drops from $2,350 as hot US core PCE Inflation dents Fed rate cut hopes - Forex Trader Hub
Gold price faces selling pressure near $2,350 as US Dollar rebounds. Higher US core PCE inflation data has prompted the US Dollar's recovery. Market expectations for the Fed delaying rate cuts remain firm. Gold price (XAU/USD) falls from $2,350 in Friday’s early New York session as the United States annual core Personal Consumption Expenditure Price Index (PCE) data for
US regulators seize troubled lender Republic First, sell it to Fulton Bank By Reuters - Forex Trader Hub
(Reuters) -U.S. regulators have seized Republic First Bancorp (OTC:) and agreed to sell it to Fulton Bank, underscoring the challenges facing regional banks a year after the collapse of three peers. Philadelphia-based Republic First, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities. The