In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT LOS ANGELES — The Walt Disney Company reported better-than-expected fiscal first-quarter earnings on Wednesday as the media giant slashed costs while revenue stagnated. Disney said it is on pace to meet or exceed its goal of cutting costs by at least $7.5 billion by the
Month: February 2024
Share: Australian Dollar retraces its recent losses amid a stable US Dollar. Australia’s currency is strengthened as RBA’s Bullock did not rule anything in or out regarding future policy actions. Chinese CPI (YoY) declined by 0.8% against the anticipated decline of 0.5% and the previous decline of 0.3%. Fed members commit to keeping interest rates elevated
The USDJPY moved lower earlier in the day as yields dipped into negative territory. However, after falling below its 100-hour moving average, buyers did show up between the 100-day moving average at 147.597 and the 200-hour movie area at 147.675. The inability to move below those levels gave the buyers the go-ahead to move back
The Congressional Budget Office (CBO) provides a comprehensive forecast based on current laws, including the assumption that the 2017 individual tax cuts will expire at the end of 2025. Here’s a summary of their projections: The CBO forecasts the U.S. fiscal year 2024 deficit at $1.507 trillion, a decrease from the FY 2023 deficit of
Gold prices jumped Rs 170 to Rs 63,370 per 10 grams in the national capital on Wednesday amid gains in precious metal’s prices globally, according to HDFC Securities. The yellow metal had closed at Rs 63,200 per 10 grams in the previous trade. However, silver plunged Rs 300 to Rs 74,600 per kilogram, while it
Sterling, and to a lesser extent, Euro, are propelled slightly higher by hawkish comments from key figures in BoE and ECB. These officials have adopted a stance of patience, preferring to wait for additional economic data before making any decisions on interest rate cuts. Their cautious approach has also lifted benchmark yields in the UK
A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023. Bloomberg | Bloomberg | Getty Images In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation hit nearly 65%, according to the Turkish
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. NYSE Roblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and bottom lines. Shares jumped 13% in
Share: Alibaba management approves another $25 billion worth of buybacks. BABA trades lower as profits fall from a year ago, revenue growth slows. Alibaba stock continues to trade about 75% off its 2020 high of $319. Retail sales have slowed nationwide in China as real estate bubble unwinds. Alibaba (BABA), once the leading light among
In New Zealand today, the key quarterly employment statistics will be released expectations at the unemployment rate is expected to rise to 4.3% from 3.9%. The labor cost index is expected to rise also by 0.8% versus 0.8% last month. Technically, the price of the NZDUSD is “hanging around” some key/important technical levels. On the
Prior +1.1% UK house prices rose for a fourth month in a row, with the average cost of a home now seen at £291,029. Of note, property prices are up 2.5% on an annual basis, its highest since January last year. Halifax notes that: “The recent reduction of mortgage rates from lenders as competition picks
Gold traded with declines on Wednesday amid a stronger dollar index (DXY) which stayed at an eight-week high level. The better-than-expected US jobs data has dashed Street’s hopes of an imminent rate cut by the Federal Reserve strengthening the greenback. Taking cues from the global price trends, the MCX April gold futures were trading at
Commodity currencies are the main movers in Asian markets today, gaining broadly, albeit against a backdrop of continued weak momentum. This situation unfolds as Chinese stocks carry forward their rebound from earlier this week, showcasing a divergence from Hong Kong’s market dynamics, where signs of profit-taking are beginning to surface. The anticipation surrounding China’s proposed
A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer has warned, with global borrowings hitting a record of $307.4 trillion last September. Both high-income countries as well
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley poses for a photo before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, China-based Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Michigan, on Feb. 13, 2023,
Share: Here is what you need to know on Wednesday, February 7: The US Dollar (USD) struggles to gain traction early Wednesday, with the USD Index (DXY) holding steady slightly above 104.00 after snapping a two-day winning streak on Tuesday. Goods Trade Balance for December will be featured in the US economic docket and the
As London/European traders look for the exit, the USD is ready to new lows versus the GBP, JPY and CAD (the dollar is also moving lower vs other pairs). Helping is the fall in yields. The 2 year is down -5.6 basis points. The 10 year is down -6.0 basis points. In this video I
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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