The US Dollar trades in negative territory around 106.85 in Wednesday’s early European session. US Retail sales jumped 0.7% MoM in November after an upwardly revised 0.5% gain prior, according to the US Census Bureau. The Fed is anticipated to lower interest rates by 25 bps to a range of 4.25% to 4.50%. The US Dollar Index (DXY) trades with a mild negative bias near 106.85 during the early European trading hours on Wednesday. The speculation that the Federal Reserve (Fed) will adopt a more cautious stance on cutting interest rates might provide some support to the US Treasury bond yields…
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Nucor’s Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides Nucor Corporation (NYSE:NUE) shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86. The primary factor driving the expected earnings decline is lower earnings in the steel mills segment due to decreased volumes and lower average selling prices. The company projects earnings in the steel products segment to decline, reflecting the same trends. However, the raw materials segment is anticipated to see an increase in earnings, excluding the impairment charge from the third quarter…
The columns of Royal Exchange are dressed for Christmas, at Bank in the City of London, the capital’s financial district, on 20th November 2024, in London, England.Richard Baker | In Pictures | Getty ImagesLONDON — U.K. inflation rose to 2.6% in November, the Office for National Statistics said Wednesday, marking the second straight monthly increase in the headline figure.The reading was in-line with the forecast of economists polled by Reuters, and climbed from 2.3% in October. Inflation hit a three-and-a-half year low of 1.7% in September, but was expected to tick higher in the following months, partly due to an…
Image source: Getty Images Is there likely to be a stock market crash at some point next year? Looking at the valuations of individual FTSE 100 and FTSE 250 stocks makes me think not. Some are highly priced and might be heading for a fall. But most are valued below their long-term trends, and below the Footsie average. But then I look over at the US stock market, and I start to think we could be in for some big falls over there. When Wall Street sneezes, London can catch a cold. S&P 500 records The S&P 500 has smashed…
By Jihoon Lee and Hyonhee Shin SEOUL (Reuters) – South Korea’s foreign minister said on Wednesday he was devising a roadmap to prepare for U.S. President-elect Donald Trump’s potential reopening of nuclear talks with North Korea, conceding Seoul’s political turmoil had disrupted ties with Trump’s team. At a rare joint news conference for foreign media, Foreign Minister Cho Tae-yul and Finance Minister Choi Sang-mok sought to reassure Seoul’s allies and calm market jitters since President Yoon Suk Yeol’s Dec. 3 martial law attempt that triggered the nation’s biggest political crisis in decades. Cho said Seoul had built a network and…
Amie Thuener O’Toole, Vice President and Chief Accounting Officer at Alphabet Inc. (NASDAQ:), recently sold shares of the company’s Class C Capital Stock. According to a recent SEC filing, Thuener O’Toole sold a total of 2,834 shares on December 16, 2024, for approximately $559,849. The sales occurred at prices ranging from $194.41 to $200.32 per share. The transaction comes as Alphabet, currently valued at $2.39 trillion, trades near its 52-week high of $201.42, having delivered a robust 44% return over the past year according to InvestingPro data. Following these transactions, Thuener O’Toole holds 20,681 shares of Alphabet’s Class C Capital…
Investing.com– Most Asian currencies moved in a tight range on Wednesday, while the dollar remained near three week highs as traders hunkered down in anticipation of more cues on interest rates from the Federal Reserve. Reports of more fiscal spending in China did little to improve sentiment towards regional currencies, with the yuan hovering around its weakest levels in 13 months. Beyond the Fed, central bank decisions in Japan, Thailand, Indonesia and the Philippines are also due this week, providing more cues on Asian monetary policy going into 2025. Most regional currencies were nursing losses against the dollar in recent…
Image source: Getty Images Warren Buffett, known as the Oracle of Omaha, is a legendary investor and CEO of Berkshire Hathaway who has built an extraordinary reputation for value investing and long-term financial strategy. However, his recent shift, selling stocks for cash, is raising eyebrows in the investment community, and for good reason. With Berkshire Hathaway’s cash reserves ballooning to an unprecedented $325bn — 28% of its total assets and more than its holdings in publicly listed stocks — it’s time for investors to consider what this could mean for the market. Why did Buffett sell? Over the past year,…
With first successful deployment at The Bank of East Asia (OTC:) HONG KONG, Dec. 18, 2024 /PRNewswire/ — HKT (SEHK: 6823) and LeapXpert today announced a collaboration to offer secure and regulatory compliant digital communication solutions for businesses, especially financial institutions, with first deployment by The Bank of East Asia, Limited (“BEA”).Leveraging HKT’s robust fixed and mobile network infrastructure as well as expertise in system integration, along with LeapXpert’s experience in providing comprehensive communication compliance solutions, this collaboration enables businesses to communicate with their customers using the preferred channels of the latter, including social media platforms such as WhatsApp,…
Since Donald Trump was announced president-elect, the S&P 500 (SNPINDEX: ^GSPC) has gained roughly 2% while the Nasdaq Composite (NASDAQINDEX: ^IXIC) has jumped by about 5%. At a high level, these moves suggest that stocks have broadly been moving higher over the last month or so. However, two stocks moving in opposite directions since the election was called are government consulting operation Booz Allen Hamilton (NYSE: BAH) and enterprise software company Palantir Technologies (NASDAQ: PLTR). Since Nov. 6, shares of Booz Allen declined roughly 25% while Palantir stock soared by almost 40% (as of market close on Dec. 13). But in…