By Ankur Banerjee SINGAPORE (Reuters) – The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. Markets are no longer fully pricing in a rate cut in November and are ascribing an 86% chance of a 25 basis points (bps) reduction, the CME FedWatch tool showed. Just 50 bps of easing is priced in by…
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Investing.com– Oil prices fell in Asian trade on Tuesday, retreating after persistent concerns over a worsening conflict in the Middle East drove strong gains through the past week. Oil markets were hit with a touch of profit-taking after racing to more-than one-month highs in the past week. Concerns over extended supply disruptions in the U.S. underpinned oil prices, as the country braced for its second major hurricane- Milton- in a month. expiring in December fell 0.6% to $80.42 a barrel, while fell 0.6% to $76.04 a barrel by 21:05 ET (01:05 GMT). Both contracts were at over one-month highs. But…
Bill Ackman is one of the best-known billionaire investors in the world. His hedge fund, Pershing Square Capital, focuses on a few high-quality businesses where Ackman feels the stock has become mispriced, relative to its value. He will then buy shares and use his influence to unlock shareholder value.As an activist investor, he can focus on only so many businesses at once. That means he only swings at what he thinks are his biggest opportunities. As a result, Pershing Square has a highly concentrated portfolio, and just three stocks account for more than 53% of the entire $10.6 billion in…
Scholar Rock Holding Corp (NASDAQ:) director Srinivas Akkaraju has recently sold a significant amount of company stock, transactions that were publicly filed on October 7, 2024. The sales, which took place on the same day, amounted to a total value of over $34 million, with share prices ranging from $27.50 to $32.50. According to the filing, three separate transactions were conducted involving the sale of Scholar Rock’s common stock. In the first transaction, 510,000 shares were sold at $27.50 per share. Another set of 510,000 shares were sold at $30 per share in the second transaction. The final transaction consisted…
By Suban Abdulla LONDON (Reuters) – British shoppers increased their spending moderately in annual terms last month despite industry concerns about tax rises in finance minister Rachel Reeves’ upcoming budget and a looming rise in household energy bills, a survey showed on Tuesday. The British Retail Consortium said spending in shops increased by 2.0% in annual terms in September, the strongest uptick since March when it increased by 3.5% although less of a rise than the 2.7% recorded in September 2023. Reeves took office in July following the Labour government’s landslide election win and is set to deliver her first…
A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022.Kiyoshi Ota | Bloomberg | Getty ImagesSINGAPORE — Asia-Pacific markets mostly fell on Tuesday, with investors watching August pay and spending data out from Japan and as mainland Chinese markets return to trade.Household spending in Japan fell 1.9% year-on-year in August in real terms, a softer fall compared to the 2.6% decline expected by a Reuters poll of economists.The drop is the fastest pace of decline since January, which saw a 6.3%…
By Cassandra Garrison and Diego Oré MEXICO CITY (Reuters) – President Claudia Sheinbaum will present her strategy for confronting Mexico’s dire security situation on Tuesday amid a backdrop of high-profile violence including the brutal murder of a local mayor on Sunday that shocked the country. Sheinbaum, inaugurated as Mexico’s first woman president less than a week ago, is expected to unveil a policy that prioritizes reestablishing law and order in the most deadly areas plagued by violence linked to drug cartels and organized crime. Her highly anticipated security plan comes as Mexico reels from the murder of Alejandro Arcos, the…
(Reuters) – A look at the day ahead in Asian markets.A short-lived conviction that the Fed would stick to a dovish path evaporated after Friday’s bet-busting payrolls number, with Treasury yields on Monday backing up above 4% and traders introducing a small chance that November might not yield a rate cut at all.The Fed rethink cooled Wall Street’s jets but prospects for the U.S. economy to skirt a recession would not need to be an impediment to Asia’s rally. It will offer mainland Chinese investors a fresh international backdrop when they return on Tuesday from the Golden Week holiday and…
In recent trading activity, insiders at Conduit Pharmaceuticals Inc. (NASDAQ:CDT) have sold a significant number of shares, with transactions amounting to over $393,000. The sales took place at prices ranging from $0.1026 to $0.1043 per share. The series of transactions began on October 3, 2024, when 1,500,000 shares were sold at $0.1043 each. Following closely, on October 4, another 1,368,991 shares were traded at a slightly lower price of $0.1026 per share. The selling continued on October 7, with 939,009 shares being sold at $0.1028 each. These sales by insiders are noteworthy as they represent a substantial change in their…
BRISBANE, Calif.–(BUSINESS WIRE)–Cutera, Inc. (Nasdaq: CUTR), a leading provider of aesthetic and dermatology solutions, announced today that it will report financial results for the third quarter ended September 30, 2024, after the market closes on Thursday, November 7, 2024. The Company’s management will host a conference call to discuss these results and related matters at 1:30 p.m. PT (4:30 p.m ET) that same day. Participants can register for the conference call at the following registration link. Upon registering, a calendar booking will be provided by email including the dial-in details and a unique PIN to access the call. Using this…