Tokyo, Japan skyline with the Tokyo TowerChunyip Wong | E+ | Getty ImagesAsia-Pacific markets mostly rose on Friday, with investors awaiting Japan’s general election over the weekend.Japan also released its October inflation numbers for the capital city of Tokyo on Friday, its last key economic data before the election. The Bank of Japan’s monetary policy meeting is due on Oct. 30 and 31.Tokyo’s inflation is widely considered a leading indicator of nationwide trends.The city’s headline inflation rate fell to 1.8% in October from 2.2% the month before, with core inflation — which strips out prices of fresh food — also…
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South Korea expects to continue its strong ties with the US regardless of the election outcome next month, the country’s finance minister, Choi Sang-mok, said Thursday. Source link
1. The 10 Greatest US Investors and the Virtues That Made Them Who are the greatest investors of all time? Andrew Mitchell, founder of Ophir Asset Management, asked ChatGPT to name the top 10. The artificial intelligence (AI) responded with its list. Mark J. Higgins, CFA, CFP, was intrigued by both the question and ChatGPT’s response. He’d just completed writing Investing in U.S. Financial History, and had many legendary investors on his mind. While ChatGPT’s list was not terrible, it included four people who he believes were undeserving and excluded several more who were very much worthy. So where did ChatGPT…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Silver prices have experienced a significant increase, rising over 6% to exceed $33.6 per ounce. This unexpected surge has put five U.S. banks at risk of substantial financial losses due to their large short positions in the metal. What Happened: The recent spike in silver prices has led to potential losses for these banks, estimated at billions of dollars, according to a report by The Silver Academy. The Commodities Futures Trading Commission (CFTC) reports that open interest in silver futures contracts has reached…
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Investing.com– U.S. stock index futures moved little in evening deals on Thursday as investors hunkered down before a string of major technology earnings in the coming week. While Wall Street indexes rose tracking positive earnings from Tesla Inc (NASDAQ:), they were still nursing losses for the week amid persistent anxiety over the upcoming presidential election and expectations of slower rate cuts. Risk appetite was also quashed by fears of worsening geopolitical conditions in the Middle East, as Israel prepared a strike against Iran. steadied at 5,847.25 points, while fell 0.1% to 20,365.75 points by 19:30 ET (23:30 GMT). steadied at…
Trump declared that there “WILL BE NO THIRD DEBATE” in a post on Thursday.Chip Somodevilla/Getty Images Emerging markets stocks are set for their worst monthly decline since January. The slump comes as investors price in higher odds of a Trump win in the upcoming US election. Trump has pledged to drastically raise import tariffs to as high as 20%, and up to 60% for China. It’s been a tough month for emerging market stocks as the odds of a Donald Trump election win rise — and with it, the odds that his proposed tariff plan will actually see the light…
Dexcom CEO Kevin Sayer.Scott Mlyn | CNBCShares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts’ expectations but showed a decline in U.S. revenue year over year.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 45 cents adjusted vs. 43 cents expectedRevenue: $994 million vs. $990 million expected The company’s revenue increased 2% to $994.2 million from $975 million a year earlier. Dexcom’s U.S. revenue declined 2% from $713.6 million the prior year. The company reported net income of $134.6…
Investing in cryptocurrencies might seem exciting given the digital assets’ popularity and potential for significant gains, but crypto has seen significant volatility in the past and likely will in the future. It’s important to consider a few basics before investing in crypto.5 commandments of crypto investingThe recent rise in Bitcoin’s price has caused some investors to believe in the growing acceptance of crypto, but crypto generally remains speculative and extremely volatile. Without an underlying asset to back them, crypto prices are driven solely by investor sentiment. This leaves many investors exposed to sharp losses when sentiment shifts.These five basic rules…