By Brigid Riley TOKYO (Reuters) – The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 50 basis points. The was last down 0.55% at $0.61035. A majority of economists in a Reuters poll last week had predicted a big half a percentage point cut.…
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(Bloomberg) — Equities in Asia climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.Most Read from BloombergShares in Australia and Japan rose as did Hong Kong equity futures after sharp declines on Tuesday. Contracts on US equities were little changed after the S&P 500 rose 1% and the tech-heavy Nasdaq 100 advanced 1.6% Tuesday. Oil gained.New Zealand’s dollar fell and bonds rose after the nation’s central bank delivered a 50 basis-point cut on its benchmark rate. It is the Reserve Bank of New Zealand’s second straight reduction after it began its easing…
In a recent transaction, Joo Mi Kim, the Chief Financial Officer of Qualys, Inc. (NASDAQ:), a leading provider of cloud-based security and compliance solutions, sold shares of the company’s stock. The shares were sold on October 7, 2024, with the total value of the sale exceeding $77,000. Investors tracking insider transactions will note that the sales occurred at prices ranging from $120.81 to $124.28 per share. The transactions were executed under a prearranged trading plan, known as a Rule 10b5-1 plan, which Kim had adopted on August 28, 2023. Such plans allow insiders to sell shares at predetermined times to…
PHOENIX–(BUSINESS WIRE)–Western Alliance Bancorporation (NYSE: WAL) announced today that it plans to release its third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, October 18, 2024 to discuss the Company’s performance. Participants may access the call by dialing 1-833-470-1428 using the access code 586867 or via live audio webcast using the website link: https://events.q4inc.com/attendee/875780058. The webcast is also available through the Company’s website at www.westernalliancebancorporation.com. Participants should log in at least 15…
(Reuters) – The Federal Reserve’s 50-basis-point interest-rate cut last month was “timely” and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday. “It was timely and consistent” with the Fed’s two mandates of attaining 2% inflation and maximum employment, Jefferson said at Davidson College in North Carolina. The Fed’s success in meeting the first mandate by bringing down inflation, he said, allowed the U.S. central bank “to pay increased attention to the other side of the mandate.” Jefferson voted in September with the majority of his colleagues to reduce the Fed’s policy rate, marking a turning…
The Federal Supreme Court (STF) in Brazil suspends Elon Musk’s social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. Cris Faga | Nurphoto | Getty ImagesElon Musk’s X is getting back up and running in Brazil after a months-long standoff between the company and the country’s federal supreme court minister, Alexandre de Moraes.”X is proud to return to Brazil,” the company wrote in a post on X from its global government affairs account. “Giving tens of millions of Brazilians access to our indispensable platform…
By Shankar Ramakrishnan, Allison Lampert, Echo Wang and Mike StoneNEW YORK (Reuters) – Boeing is examining options to raise billions of dollars through a sale of stock and equity-like securities, two sources familiar with the matter said, as the planemaker tries to avoid slipping in to junk territory on its credit ratings.In the past few weeks, Boeing has received pitches from investment banks, including Goldman Sachs, JPMorgan, Bank of America and Citigroup, suggesting various fundraising options, according to four sources familiar with the matter.These options include selling common stock as well as securities such as mandatory convertible bonds and preferred…
By Michael Erman (Reuters) – U.S. sales of RSV vaccines from GSK and Pfizer (NYSE:) are down significantly after regulators narrowed the targeted age group and said it was a once-in-a-lifetime shot for now, excluding millions of people who got one last year. Some independent pharmacists said demand during the autumn vaccination season for respiratory syncytial virus shots has fallen as much as two-thirds from a year ago. So far, volumes reported by healthcare data company IQVIA and published in several Wall Street analyst notes roughly match that mark. The shots are important for both Pfizer and GSK as they…
Investing.com– U.S. stock index futures moved little in evening deals on Tuesday, with investors turning averse to big trades before more signals on interest rates from the Federal Reserve and key inflation data. Futures steadied after a positive, tech-driven session on Wall Street, although most other sectors lagged on Tuesday. Investors still remained on edge over continued tensions in the Middle East, while cheer over more stimulus measures in China ran dry. fell slightly to 5,798.25 points, while fell 0.1% to 20,286.50 points by 19:11 ET (23:11 GMT). steadied at 42,378.0 points. Fed minutes, CPI data on tap Markets were…
MOSCOW (Reuters) – Russia’s Defence Ministry said on Tuesday that its forces had taken control of two settlements in eastern Ukraine, the latest gains in their drive to secure the Donbas region. A ministry report said the villages of Zolota Nyva and Zoryane Pershe had been brought under Russian control. The communities have an estimated population of a few hundred residents each. The two villages lie to the north and to the south of the town of Kurakhove, one of the focal points of military activity on the eastern front. Official Ukrainian accounts of the fighting made no reference to…