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Oil prices edged higher from four-month lows on Wednesday, supported by a U.S. jobs report that bolstered the case for a potential September interest rate cut. Meanwhile, markets weighed OPEC+’s plans to begin easing some output cuts later this year. Brent crude futures rose 39 cents, or 0.5%, to $77.91 a barrel by 1241 […]
Oil comes off four-month low as US jobs data fuels rate cut bets Read More »
Dollar Tree announced on Wednesday that it is considering various options, including a potential sale or spinoff of its Family Dollar banner, as part of a restructuring effort amidst ongoing high inflation that continues to impact consumer spending. The retailer, similar to its competitor Dollar General, has been facing weak discretionary demand as consumers
Dollar Tree explores sale of its struggling Family Dollar business Read More »
Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to restructure business amid still-high inflation that continues to strain consumer spending. The retailer, like its peer Dollar General (NYSE:DG), has been grappling with weak discretionary demand as shoppers focus more
Dollar Tree explores sale of its struggling Family Dollar business Read More »
Bitcoin prices surged higher on Wednesday, driven by increasing expectations of U.S. interest rate cuts amidst continuous weak economic data and a resurgence of inflows into spot Bitcoin exchange-traded funds (ETFs). This trend also bolstered broader cryptocurrency prices, as capital inflows into the sector have increased over the past month. The launch of spot
Bitcoin price today: rises toward $71k amid rate cut hopes, strong ETF inflows Read More »
U.S. stock index futures edged higher on Wednesday as investors increased their bets on an earlier start to the Federal Reserve’s rate cuts this year, driven by a series of economic data indicating slowing growth. Wall Street ended Tuesday’s session with modest gains, recovering some losses, with rate-sensitive real estate stocks leading sector gains.
Wall Street set for higher open as rate-cut expectations tick up Read More »
U.S. stock futures ticked up on Wednesday, ahead of the monthly ADP private payrolls release, with Friday’s key nonfarm payrolls report looming. Here are some of the major premarket U.S. stock movers today: Hewlett Packard Enterprise (NYSE) jumped 15% after the software consultancy reported robust quarterly earnings and provided an optimistic outlook driven by
CrowdStrike, HPE, Intel rise premarket; Dollar Tree falls Read More »
The pair has been moving in a downtrend over the previous period due to important economic data as well as developments on the political scene. All of this has exerted pressure on the pair to decline, allowing it to reach important and strong support levels. Looking at the indicators, we find that the RSI
Technical Analysis of the GBP/CHF pair Read More »
Mexico’s President-elect Claudia Sheinbaum, an accomplished climate scientist, may face challenges in fulfilling her environmental promises after her landslide victory, which was partly due to the popularity of her predecessor, who focused on fossil fuels. Sheinbaum, who was elected as Mexico’s first female president on Sunday, inherits a nation dealing with significant environmental issues,
Analysis-Can Mexico’s Sheinbaum, a climate scientist, shake Lopez Obrador’s oil legacy? Read More »
Mizuho has updated its Top Picks list, showcasing their analysts’ highest conviction, catalyst-driven ideas. Following the June update, the revised list now includes new additions such as PayPal Holdings (NASDAQ), Oracle Corp. (NYSE), NEXTracker (NXT), Intra-Cellular Therapies (NASDAQ), Cigna Group (NYSE), DuPont de Nemours (NYSE), and Ventas (NYSE). Mizuho analysts have highlighted the potential
PayPal and Oracle are new top picks at Mizuho Read More »