Category Archive: Finance, No picture
Euro And Yen Weakness Stands Out
Image Source: Unsplash We continue to see broad based demand for the US Dollar, though it’s clear, most of the Dollar strength of late has been against the Euro and Yen. Looking ahead, we get the Bank of Canada policy decision, an ECB Lagarde speech, Eurozone consumer confidence, US existing home sales, Fed speak, and the […]
Coca-Cola Surpasses Q3 Earnings And Revenue Estimates
Image Source: Unsplash Coca-Cola (KO – Free Report) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.05%. A quarter ago, it was expected […]
What The Markets Are Expecting From The UK’s Crucial Budget
Image Source: Pexels It’s the first UK budget for the new Labour government and Britain’s first female Chancellor, Rachel Reeves. Big tax rises look inevitable, given the growing demands on the public purse. More investment is coming, too, but will that come with even more borrowing? That’s the key question for markets, and Reeves will seek […]
Why Tesla’s Earnings Could Increase Pressure To Justify Its Spot In The Magnificent Seven
Image Source: Pexels Tesla’s Q3 earnings are expected to decline, with profits down 10% year-over-year. EV sales slowdown and lower margins put pressure on the stock, which has fallen 12% in 2024. Earnings report could solidify Tesla’s role as the weakest link in the so-called Magnificent Seven. With shrinking profits and underperforming shares, Tesla Inc. […]
Binance executive released after being detained in Nigeria for over 7 months
Key Takeaways Tigran Gambaryan was released from detention on health grounds. Charges of money laundering and currency manipulation against Gambaryan were dropped. Share this article Binance executive Tigran Gambaryan was released from a Nigerian prison after being detained since late February on charges of money laundering and currency manipulation, the government’s lawyer said in court […]
AT&T’s Resilience Shines Through In Third-Quarter Performance
AT&T Inc. (T) reported a steady third quarter for 2024, marked by continued growth in its Mobility service and broadband revenues. The company reported total revenues of $30.2 billion, a slight decline of 0.5% from the previous year’s third quarter. This decrease was primarily due to reduced Business Wireline service revenues and a drop in Mobility equipment […]
Continued Backing Up Of US Rates Extend The Greenback’s Gains
The persistent rise in US rates continues to help fuel dollar gains. The euro has been sold through $1.08 and the greenback has jumped over 1% against the yen to JPY152.75. It finished last week closer to JPY149.55. So far, Japanese officials have been fairly quiet, but this seems likely to change. The US two-year […]
Starbucks Stock Plummets As New CEO Faces Third Straight Quarter Of Sales Declines
Image Source: Starbucks Starbucks Corporation (Nasdaq: SBUX) shares plunged nearly 5% in pre-market trading Wednesday after the coffee giant reported disappointing preliminary fourth-quarter results and suspended its fiscal 2025 guidance. The company posted its third consecutive quarter of declining sales, with global same-store sales falling 7% – its steepest drop since the COVID-19 pandemic. Starbucks Reports Third Quarter of Sales […]
EUR/GBP Depreciates Toward 0.8300 Due To Rising Likelihood Of Another Rate Cut By The ECB
EUR/GBP remains subdued near 0.8310 during European trading hours on Wednesday, following losses in the previous session. The Euro is facing pressure as money markets have raised their expectations for further European Central Bank (ECB) rate cuts. This shift comes after improvements in inflation control but growing concerns about the Eurozone’s economic outlook.The ECB has […]
Mixed Dollar Flow Amidst Crosscurrents
Image Source: Pexels FX markets have been all over the place in recent sessions, with multiple crosscurrents playing into the equation. Key standouts on Wednesday’s calendar come from the Bank of Canada policy decision, an ECB Lagarde speech, Eurozone consumer confidence, US existing home sales, Fed speak, and the Fed Beige Book.Video Length: 00:01:26More By This […]
