#MarketNews
☀️ Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's take a look at our end-of-week news!
🚀 SpaceX has launched a rocket carrying a US firm's spacecraft to land on the moon. The landing is expected to take place on February 22. A US spacecraft has yet to land in integrity on the moon since 1972.
🇬🇧 Britain entered a mild recession in the second half of 2023, failing to fulfill Prime Minister Rishi Sunak's promises of economic growth, with GDP contracting more sharply than expected.
🇺🇸 Many US banks significantly increased their commercial real estate loan portfolios, crossing the threshold of increased regulatory scrutiny due to potential risks.
🛢 Oil prices have risen significantly amid surging stock markets and OPEC+'s commitment to increase supply despite the International Energy Agency's gloomy demand outlook.
🤔 Jeff Bezos recently sold about $2.03 million worth of Amazon (#AMAZON) shares, marking the third significant sale of Amazon stock this month, with total sales exceeding $6 billion. The stock price is down 0.69%.
📈 Elon Musk has more than doubled his stake in Tesla (#TESLA), now owning a 20.5% stake in the company, valued at more than $120 billion. Tesla shares have gained 6.22% recently.
🔔 Nike (#NIKE) announced it will cut about 2% of its workforce, equivalent to more than 1,600 jobs, as part of a cost-cutting initiative amid worsening profit forecasts.
🥇 Gold prices broke through the $2,000 an ounce mark after weak US retail sales data, but many experts believe the metal is poised for its worst weekly losses since early December.
❓ How was your trading week? Share your opinion in the comments👇
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🛢 Oil prices have risen significantly amid surging stock markets and OPEC+'s commitment to increase supply despite the International Energy Agency's gloomy demand outlook.
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#MarketNews
☀️ Happy Wednesday, dear traders! Today, June 5, we're bringing you the day's most thrilling news highlights:
🇪🇺 The recent rise in euro-zone inflation, now at 2.6%, draws comparisons to the US, suggesting the European Central Bank may face similar challenges in reducing interest rates as the Federal Reserve.
🇺🇸 A recent poll reveals that 65% of middle-class Americans struggle financially, with 25% of those earning over $150,000 also insecure about bills and 33% experiencing extreme debt stress.
🇨🇦 The Bank of Canada is preparing to cut interest rates from 5%, potentially as soon as Wednesday or July 24, amid a split among Canada's six central banks on the timing.
👟 Nike has laid off employees at its European headquarters in the Netherlands as part of a multi-year plan to cut 2% of its global workforce and save $2 billion. Nike (#NIKE) stock is up 0.36% today.
❎ EBay will stop accepting American Express cards globally starting August 17 due to "unacceptably high fees". eBay (#EBAY) shares are up 0.26% today
🇯🇵 Japan's base pay rose 2.3% in April, its largest increase since 1994, but concerns persist about the overall strength of wage growth as the yen weakens again.
⚡️ Political developments have hit markets in Mexico, South Africa, and India, causing the peso to drop 5%, the rand to fall 3.5%, and Indian shares to plunge nearly 6%.
🇮🇳 Despite Modi's election setback causing a $400 billion market wipeout, many global investors see it as a buying opportunity, confident in India's growth.
That's it for today, guys! Click on👍 if you liked our review, and see you soon!
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👟 Nike has laid off employees at its European headquarters in the Netherlands as part of a multi-year plan to cut 2% of its global workforce and save $2 billion. Nike (#NIKE) stock is up 0.36% today.
That's it for today, guys! Click on
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☀️ Happy Friday, dear traders! Look at the major news on this week's last trading session!
☄️ Major banks are split on Fed cuts, with Goldman Sachs predicting quarter-point reductions through June 2025, JPMorgan expecting a 0.5% cut in November, and traders pricing in 2% by September 2024.
🇨🇳 China is considering easing homebuying restrictions, including for non-locals, to boost its $5.4 trillion housing market as the CSI 300 Index has fallen 7% this year.
🇬🇧 The British pound reached its highest point since March 2022 after the Bank of England kept its key interest rate at 5%.
🇩🇪 Germany's economy is expected to resume growth at the end of 2024. Static growth is forecast for Q3 and 0.2% growth in Q4, lagging behind the eurozone's projected 0.3% growth.
👟 #NIKE replaced its CEO, offering a $1.5 million base salary and potential 200% bonuses. As a result, shares jumped 7% despite a 25% stock drop this year.
🚀 Nvidia and G42 are creating a climate tech lab using Nvidia's Earth-2 system, leveraging 100+ petabytes of data. G42 is backed by a $1.5 billion Microsoft investment. #NVIDIA shares are up 3.97%.
🔪 Goldman Sachs' breakup with Apple could cost the bank between $500 million and $4 billion, potentially forcing Goldman to eliminate one of its three business lines. #GS stock is up 3.97%.
📦 FedEx (#FDX) reported Q1 earnings of $3.60 per share and revenue of $21.6 billion, falling short of analysts' forecasts of $4.86 per share and $21.96 billion in revenue.
That's it for today, guys! Click on❤️ if you liked our review, and see you soon!
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☀️ Happy Wednesday, dear traders! Today, October 2, we're bringing you the day's most thrilling news highlights:
🇪🇺 ECB's Martins Kazaks leans toward an October rate cut, with markets seeing a nearly 90% chance of a move on October 17 due to growing economic risks
🇯🇵 Japanese investors are gradually unwinding their $4.4 trillion carry trade, shifting ¥28 trillion ($192 billion) into domestic bonds as the interest rate gap with foreign markets narrows.
🛢 Oil prices have surged by over 5% due to fears of supply disruptions after Iran launched a ballistic missile attack on Israel in response to the killing of key figures.
👟 #NIKE withdrew its full-year guidance and postponed its investor day as it prepares for a CEO transition. This follows a mixed fiscal quarter in which revenue fell 10% to $11.59 billion, with shares dropping 5% in extended trading.
📱 The Philippines has imposed a 12% value-added tax on Netflix, which is expected to generate 79.5 billion pesos ($1.4 billion) in revenue over the next four years. #NETFLIX shares are down 0.44%.
📉 Oracle plans to invest $6.5 billion to establish a cloud services hub in Malaysia, marking its latest push into Southeast Asia's growing AI infrastructure market.#ORACLE stock is down 1.90%.
🥤 PepsiCo is acquiring tortilla chip maker Siete Foods for $1.2 billion, marking its first food acquisition in five years. Shares of #PEPSICO were up 0.78%.
🚗 General Motors reported a 2.2% decrease in third-quarter sales, but EV sales surged by 60%, making up 4.9% of total sales, with #GM stock closing at $32.50, down 1.2%.
That's it for today, guys! Click on👍 if you liked our review, and see you soon!
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📲 Check the FBS mobile app
@fbsanalytics
That's it for today, guys! Click on
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