theforex24

02/04/2024
Silver Lake to take Endeavor private in deal valuing UFC-owner at $13 billion

Silver Lake to take Endeavor private in deal valuing UFC-owner at $13 billion

(Reuters) – Private equity firm Silver Lake has announced plans to acquire all outstanding shares of Endeavor Group Holdings, the talent and media company, in a […]
02/04/2024

US stocks retreat; Tesla delivery weakness, reduced rate cut expectations weigh

Tesla stock plunged 6% after the electric vehicle manufacturer reported disappointing first-quarter delivery numbers, falling well short of expectations. The company delivered 386,810 vehicles, significantly below […]
01/04/2024
South Korea March consumer inflation +3.1% y/y, matching forecast

South Korea March consumer inflation +3.1% y/y, matching forecast

SEOUL (Reuters) – Official data released on Tuesday revealed that South Korea’s consumer prices increased by 3.1% in March compared to the same month the previous […]
01/04/2024
Warren Buffett Has $157 Billion Invested in These 2 "Magnificent Seven" Artificial Intelligence (AI) Stocks

Warren Buffett Has $157 Billion Invested in These 2 “Magnificent Seven” Artificial Intelligence (AI) Stocks

Warren Buffett, known for his preference for traditional value investing over high-growth stocks, has made significant investments in two artificial intelligence (AI) giants within Berkshire Hathaway’s […]
01/04/2024
US futures rise at start of Q2, fresh record for gold- what's moving markets

US futures rise at start of Q2, fresh record for gold- what’s moving markets

U.S. futures signaled a positive start on Wall Street as the second quarter commenced, with gold prices surging to a new record amidst expectations for Federal […]
31/03/2024
5 big analyst AI moves: Apple-Baidu collaboration 'driven by regulatory concerns'

5 big analyst AI moves: Apple-Baidu collaboration ‘driven by regulatory concerns’

Citi Attributes Apple-Baidu AI Collaboration to Regulatory FactorsCiti analysts recently focused on Apple’s partnership with Baidu, noting that their collaboration on AI initiatives is primarily motivated […]
31/03/2024
Japanese authorities inspect second Kobayashi Pharma factory after deaths

Japanese authorities inspect second Kobayashi Pharma factory after deaths

TOKYO (Reuters) – Health authorities conducted a second inspection at a Kobayashi Pharmaceutical factory in western Japan on Sunday following reports of five deaths possibly linked […]
31/03/2024

China’s March factory activity expands for first time in six months

SHENZHEN, China (Reuters) – China’s manufacturing activity expanded for the first time in six months in March, according to an official factory survey released on Sunday. […]
30/03/2024
Powell speech: PCE inflation in line with expectations, no hurry to cut rates

Powell speech: PCE inflation in line with expectations, no hurry to cut rates

Federal Reserve Chair Jerome Powell participates in a discussion at the Macroeconomics and Monetary Policy Conference, in San Francisco. Key quotes: My first thought on PCE […]
30/03/2024

Investors eye Fed rate cut, earnings as key to sustaining market rally

NEW YORK (Reuters) – After an impressive start to the year for stocks, investors are bracing themselves for potential challenges in the second quarter as they […]
30/03/2024

US Congress bans staff use of Microsoft’s AI Copilot, Axios reports

(Reuters) – The U.S. House of Representatives has imposed a strict prohibition on congressional staffers’ utilization of Microsoft’s Copilot generative AI assistant, as reported by Axios […]
28/03/2024
Japan repeats verbal warning to yen bears, BOJ keeps dovish tone

Japan repeats verbal warning to yen bears, BOJ keeps dovish tone

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida stated on Thursday that the government remains open to all options to address excessive movements in the currency […]
28/03/2024
Brazil central bank's June decisions will be more data dependent, says governor

Brazil central bank’s June decisions will be more data dependent, says governor

BRASILIA (Reuters) – Brazil’s central bank is facing uncertainty regarding its policy decisions at the upcoming June meeting, with governor Roberto Campos Neto stating on Thursday […]
28/03/2024
Torrid’s (NYSE:CURV) Q4 Sales Beat Estimates, Stock Jumps 22.4%

Torrid’s (NYSE:CURV) Q4 Sales Beat Estimates, Stock Jumps 22.4%

Torrid Holdings (NYSE: CURV), a retailer specializing in women’s plus-size apparel, reported its Q4 CY2023 results, exceeding analysts’ expectations in several key areas. While revenue for […]
28/03/2024
Gold prices are edging closer to record highs, while copper rebounds on signals from China.

Gold prices are edging closer to record highs, while copper rebounds on signals from China.

Gold prices stabilized in Asian trading on Thursday, hovering near a record high as traders invested in the precious metal ahead of further cues on U.S. […]
28/03/2024
Oil prices have path to $100/barrel on Russia cuts, but US likely to stand in way

Oil prices have path to $100/barrel on Russia cuts, but US likely to stand in way

Investing.com — Oil prices may surge to $100 a barrel as early as September following Russia’s decision to reduce production, although the U.S. is poised to […]
28/03/2024
India central bank keen to further build up record high FX reserves, say sources

India central bank keen to further build up record high FX reserves, say sources

MUMBAI (Reuters) – India’s central bank intends to continue bolstering its forex reserves, leveraging strong inflows into the country’s equity and debt markets, according to two […]
28/03/2024
How Boeing's leadership was 'fired' by its own customers

How Boeing’s leadership was ‘fired’ by its own customers

(Reuters) – It took 80 days, but for the aviation industry, the tipping point finally arrived. A rebellion among U.S. airline executives contributed to the overhaul […]
27/03/2024
Yuan theforex24

Analysis-As yuan skids, markets bet more depreciation is in store

SINGAPORE (Reuters) – The Chinese yuan is experiencing a downward trend, prompting speculation that authorities are deliberately orchestrating a gradual depreciation. This strategy aims to complement […]
27/03/2024

Japan’s yen hits 34-year low, sparking intervention warnings

NEW YORK/LONDON (Reuters) – On Wednesday, the yen hit its lowest level since 1990 before experiencing a slight rebound following a meeting among Japan’s top monetary […]
25/03/2024
Chicago Fed National Activity Index Unexpectedly Rises To +0.05 In February

Chicago Fed National Activity Index Unexpectedly Rises To +0.05 In February

(RTTNews) – The Federal Reserve Bank of Chicago unveiled a report on Monday revealing an unforeseen uptick in its index of U.S. national economic activity. According […]
25/03/2024
U.S. New Home Sales Unexpectedly Dip 0.3% In February

U.S. New Home Sales Unexpectedly Dip 0.3% In February

(RTTNews) – New Home Sales in the United States experienced an unexpected decline in February, as per a report published by the Commerce Department on Monday. […]
25/03/2024
SWIFT planning launch of new central bank digital currency platform in 12-24 months

SWIFT planning launch of new central bank digital currency platform in 12-24 months

LONDON, March 25 (Reuters) – SWIFT, the global bank messaging network, has informed Reuters that it plans to develop a new platform within the next one […]
25/03/2024
Luxury EV maker Lucid to raise $1 bln from Saudi's PIF affiliate

Luxury EV maker Lucid to raise $1 bln from Saudi’s PIF affiliate

March 25 (Reuters) – Lucid (LCID.O) announced on Monday that it is securing $1 billion in funding from a subsidiary of Saudi Arabia’s Public Investment Fund […]
25/03/2024

Yen gains after intervention warning, dollar dips

NEW YORK, March 25 (Reuters) – The yen strengthened on Monday as Japan’s top currency diplomat cautioned against speculative efforts to weaken the currency, while China’s […]