Author: News Room

As the fallout continues from French President Emmanuel Macron’s visit to China in which he made comments seen by some as snubbing the U.S., reactions in Beijing and Taipei show just how tense the situation remains across the Taiwan Strait.The French leader last week finished a three-day visit to Beijing on what Paris had billed as a trip to urge Chinese leader Xi Jinping to help bring Russia to the negotiating table in its 14-month-old war against Ukraine. Macron was fêted with a military parade, a state dinner and generous one-on-one time with Xi. But remarks Macron made throughout the…

Oil futures fell on Monday, with U.S. prices ending below $80 a barrel for the first time in more than week as investors returned from a three-day Easter weekend. Crude prices had surged in holiday-shortened trading last week after the Organization of the Petroleum Exporting Countries and its allies announced an unexpected round of production cuts. Price action West Texas Intermediate crude for May delivery CL.1, +0.07% CL00, +0.07% CLK23, +0.07% fell 96 cents, or 1.2%, to settle at $79.74 a barrel on the New York Mercantile Exchange. That was the lowest front-month finish since March 31, according to Dow…

Depending if an investor is a Tesla bull or Tesla bear, Elon Musk’s pricing strategy is either a stroke of genius or a disaster starting to unfold. Tesla (ticker: TSLA) bulls and bears rarely see eye to eye and typically have vastly different interpretations of the same data point. Bulls and bears, however, might be able to both acknowledge that Tesla’s pricing strategy is unprecedented. Both sides might be wrong about that. Tesla has cut prices around the globe several times in the past few months. The most notable cuts came in mid-January when Tesla dropped U.S. prices for its…

Republican Sen. Tim Scott of South Carolina plans to launch an exploratory committee for president on Wednesday, according to a source familiar with his plans. Scott – the only Black Republican in the Senate – has been testing the waters for months. Since setting off on a listening tour in February focused on “Faith in America,” he’s made frequent visits to Iowa. He’s scheduled to hold events in the early voting state on Wednesday. The Post and Courier was first to report on the plans. “I’ve been doing a lot of thinking the past few months,” Scott wrote in a…

The renminbi’s share of trade finance has more than doubled since the invasion of Ukraine, analysis by the Financial Times has found — a surge that analysts say reflects both greater use of China’s currency to facilitate trade with Russia and the rising cost of dollar financing.Trade financing data from Swift, the international payments and financing platform, shows that the renminbi’s share by value of the market had risen from less than 2 per cent in February 2022 to 4.5 per cent a year later. Those gains put China’s currency in close contention with the euro, which accounts for 6…

Background Black Knight, Inc. (NYSE:BKI) is a leading provider of software, data, and analytics solutions for the mortgage and real estate industries. The company offers technology solutions to help lenders, servicers, and investors manage and optimize their mortgage and home equity portfolios. Intercontinental Exchange (ICE) is a global financial services company that operates a network of regulated exchanges and clearinghouses for various economic and commodity markets, including stock and bond trading, energy and agricultural commodities, currencies, and derivatives. ICE offers multiple data services, analytics, and technology solutions for market participants and investors. Arbitrage Opportunity Merger arbitrage is an investment strategy…

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In a remarkable display of resilience, Bitcoin has broken the $30,000 barrier for the first time in ten months, after plummeting to a two-year low in November.With this surge, questions arise as to whether the bear market has ended, and what impact this resurgence in the cryptocurrency market might have on the best cryptos to buy now.Since its low, Bitcoin has experienced an 82% surge, outperforming the S&P 500 Stock Index’s 7% increase and the Nasdaq 100 Stock Index’s 18% rise this year.Multiple factors have contributed to Bitcoin’s resurgence.Anticipation that the Federal Reserve might halt its rate-hike campaign in response…

By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds started the second quarter positioning for a steeper U.S. yield curve by offloading 10-year U.S. Treasuries futures at one of the fastest rates on record. Commodity Futures Trading Commission (CFTC) data for the week ending April 4 offer the first insight into how funds are emerging from the historic volatility in March sparked by U.S. and Swiss bank collapses earlier in the month. In one way, betting on a steeper 2s/10s yield curve indicates funds are hoping the trend of recent weeks continues – the curve steepened around 33 basis points…

© Reuters Catalent valuation path increasingly clear, Moderna partnership renewal strategically important – Deutsche Bank By Sam Boughedda Catalent (NYSE:) was upgraded to Buy with its price target raised to $88 from $79 at Deutsche Bank on Monday. The analysts there believe Catalent’s valuation path is increasingly clear, with the firm now having even more conviction in its 2023/2024 estimates. They also see a “diminishing tail risk due to strengthening strategic partnerships and increased management accountability and ownership.” “We acknowledge the stock’s outperformance +44% vs the +7% ytd; however, we still see a 2.5-to-1 positive risk/reward skew for the stock under…