Author: News Room

Investing.com — U.S. equity futures are set to end the week in a subdued manner as investors look forward to next week’s Federal Reserve policy-setting meeting. Adobe slumps on weak guidance, while Bitcoin hands back some of its sharp previous gains.  1. Futures subdued, with next week’s Fed meeting in focus U.S. stock futures traded in a subdued manner Friday, as investors await more economic data in the wake of another hotter-than-expected inflation report cast doubt over whether the Federal Reserve will start a rate-cutting cycle anytime soon. By 05:00 ET (09:00 GMT), the contract was up 30 points, or…

Investing.com– Most Asian currencies weakened on Friday, while the dollar retained overnight gains as signs of continued economic weakness in China largely offset optimism over easing U.S. inflation and interest rates. Purchasing managers index (PMI) data from China showed little improvement in business activity through February, indicating that a recovery in Asia’s largest economy remained sluggish. This notion kept sentiment towards regional currency markets on edge, even as traders began pricing in a slightly higher chance of U.S. rate cuts after overnight inflation data. Chinese yuan dips on mixed PMIs  The fell 0.1% on Friday and remained in sight of…

By Laura Sanicola (Reuters) -Oil prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group. Brent futures settled down 75 cents to $82.80 a barrel, while U.S. West Texas Intermediate (WTI) settled down $1.24, or 1.5%, to $78.74 a barrel. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are extending their voluntary oil output cuts of 2.2 million barrels per day (bpd) into the second quarter to support prices amid global growth concerns and rising output outside the…

Following the upcoming presidential election, former President Bill Clinton will release a memoir about his life after serving two terms in office. The book, titled “Citizen: My Life After the White House,” is expected to be released on November 19, according to Reagan Arthur, Knopf executive vice president and publisher. “CITIZEN is the story of my twenty-three-plus years since leaving the White House, told largely through the stories of other people who changed my life as I tried to help change theirs, of those who supported me, including those I loved and lost, and of the mistakes I made along the way,”…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.What can be done to cut inflation? That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places. It is also worrying politicians such as US President Joe Biden, against a backdrop of a high level of voter discontent about the economy. Investors are uneasy too. This week the gold price hit record highs, amid a search for inflation hedges. This is, in turn, prompting some classic policy responses: on the…

Thursday wrapped up quite a profitable first quarter of 2024 for investors. Thanks in good part to huge enthusiasm for the AI revolution and blowout earnings from AI concerns like NVIDIA Corporation (NVDA), Super Micro Computer, Inc. (SMCI), and even Advanced Micro Devices, Inc. (AMD), the Nasdaq powered to a 9.1% gain for the quarter. NVDA rose 82% during the quarter by itself and now boasts a stunning market cap of north of $2 trillion. The S&P 500 did even better than its tech-heavy brethren with a rise of 10.2%, its best quarterly performance since 2019. Seeking Alpha Economic growth…

 Just as the Gold Rush propelled thousands toward uncharted territories, the presale of Koala Coin (KLC) ignites a similar fervor among crypto enthusiasts. At stage one with a tempting price of $0.014, the opportunity whispers the urgency of now, beckoning Dogwifhat (WIF) and Shiba Inu (SHIB) communities towards the warmth of the promising embrace of Koala Coin (KLC).Embracing the Unmissable: The Unique Journey of Koala Coin (KLC)As Koala Coin (KLC) unfolds its leaves to the world, it not only offers a captivating journey filled with giggles and financial freedom but also promises a robust and secure blockchain experience. With each…

Caitlin Clark’s popularity is jacking up ticket prices for the women’s NCAA basketball Final Four on Friday, making them even more expensive than the men’s. The average ticket price sold for the women’s games is $726, slightly higher than the men’s matchups ($710) on Saturday, according to data from secondary ticket website StubHub. Part of the reason is Clark, the superstar guard who is constantly breaking records for her team, the Iowa Hawkeyes. The 22-year-old, who is the all-time scoring leader in men’s and women’s NCAA Division I history, has sparked a surge in ticket prices that hasn’t fizzled as she…

Check out the companies making headlines in midday trading. Hertz Global — The car rental company shed about 4% after it was downgraded to sell from neutral at Goldman Sachs. Investors have yet to fully price in some near-term pressures, the bank wrote. Block — The financial services stock lost nearly 2% following a downgrade to underweight from equal-weight at Morgan Stanley. As reasons for the change, the firm cited “high market penetration and limited additional opportunity.” Zeta Global — The software stock added 17% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. The…

What do we do now with the stock of Walt Disney ? If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. We know that when Peltz tried to get on the board last time, he withdrew his candidacy in February 2023. He told me right on CNBC that he was happy with the changes that then-newly returned CEO Bob Iger said he would make. But, at the same time, Peltz took a nice profit on a big chunk of…