Author: News Room
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending growth boosted hopes the Federal Reserve would be less aggressive in hiking interest rates. U.S. consumer spending rose moderately in February after surging the prior month, and while inflation showed signs of cooling it remained elevated, which could prompt the Fed to raise interest rates once more this year. Earlier in the session, data showed euro zone inflation dropped by the most on record in March,…
By Barani Krishnan Investing.com — “It never rains but it pours,” is the saying. After small but steady daily gains that came like the pitter-patter of rain, it’s just pouring now in gold land. Both futures of the yellow metal on New York’s Comex and bullion traded on the spot gold market jumped about 2% Tuesday — their most in nearly two weeks — burrowing deeper into $2,000 territory, with the view of possibly setting new record highs in days. Gold’s latest run-up after a one-week hiatus to a four-week rally is “a sign that traders are not budging from…
© Reuters. FILE PHOTO: Traffic passes a Samsung Electronics Co digital billboard in the Times Square area of Manhattan in New York City, U.S. March 2, 2023. REUTERS/Chris Helgren By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung (KS:) officials and analysts -…
The meme-stock frenzy of 2021 focused the public’s attention on market structure with unprecedented intensity. Flush with COVID stimulus funds and hemmed indoors by pandemic restrictions, Americans took advantage of no-commission trading services like Robinhood HOOD, +2.67% to gobble up high-flying stocks made famous on social media. It was a wild ride, until the intensity of the frenzy became its undoing. The unprecedented volume of buy orders for shares of GameStop GME, +1.50% and other meme shares forced brokers to cut off customers, leading to widespread outrage and intense scrutiny of the plumbing of U.S. financial markets. U.S. Securities and…
April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.After renting for nearly a decade, New Yorker Malcolm J. Merriweather decided to look for a home to buy. Merriweather, a director of the New York Philharmonic Chorus, and an associate professor at Brooklyn College, had been on the market to buy a home since 2018. But since he had many income streams from performing with groups all over the…
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 30 through April 5, 2023. Source: VerityDataActivist Holdings American Public Education (APEI) 325 Capital increased its position in the postsecondary-education-services firm to 1,170,834 shares, or a 6.1% interest. 325 Capital purchased 229,901 American Public Education shares from March 23 through March 27 at prices ranging from $4.53 to $4.86 apiece. 325…
OPEC showed it still matters in oil markets this past week, pushing crude prices up more than 5% by announcing a one million barrel-a-day output cut. Its core Middle Eastern members increasingly count in equity markets, too. Saudi Arabia entered MSCI’s global emerging market indexes in June 2019. Since then, the iShares MSCI Saudi Arabia exchange-traded fund (ticker: KSA) has gained 20% while global emerging markets are flat. That’s not just about oil. Six of the top 10 Saudi stocks are banks, which benefit from a large base of zero-interest deposits thanks to Islamic Sharia law. Most of their assets…
Donald Trump is now in a stronger position to win the 2024 Republican presidential nomination than he has been in months as his party rallies around him following his indictment by a New York grand jury on business fraud charges. But actual results on the ground continue to suggest that the former president may not be good for the Republican brand among the general electorate. On the day of Trump’s arraignment in Manhattan on Tuesday, Democratic-backed Janet Protasiewicz celebrated victory in the Wisconsin Supreme Court election as liberals won control of the high court in the ultimate swing state. That…
Israel’s air force struck targets in Syria on Sunday, after militants in the neighbouring country fired rockets towards Israel, capping a week of tensions ignited by a police raid at Jerusalem’s al-Aqsa mosque.The latest burst of violence added to fears of a broader escalation. It followed a tense 48 hours in which Israel bombed southern Lebanon and the Gaza Strip in response to rocket fire, and twin attacks in Israel and the occupied West Bank that killed two British-Israelis and an Italian tourist.Israel’s military said it hit several targets in Syria in the early hours of Sunday, including rocket launchers,…
One of the biggest problems facing Americans today is the incredibly high inflation that has been dominating the economy. There can be little doubt of this as the current inflation rate is the highest that it has been in more than forty years. In fact, there has not been a single month over the past year in which the consumer price index appreciated by less than 6% year-over-year: Trading Economics As a result, people need to increase their incomes significantly simply to maintain their lifestyles. There are very few jobs that have delivered on this, which is one reason why…
