Financial News Editor

Tandem Diabetes Care, Inc. presented new insights from a survey on Tandem Mobi user satisfaction and wearability at the 84th Scientific Sessions of the American Diabetes Association (ADA) in Orlando, Florida. The survey revealed...

Banking regulators recently raised concerns about the resolution plans of four major American lenders. The Federal Reserve and the Federal Deposit Insurance Corp. reviewed the living wills of Citigroup, JPMorgan Chase, Goldman Sachs, and...

Autodesk, a company specializing in 3D design, engineering, and entertainment technology solutions, is currently facing a legal battle with activist investor Starboard Value. Starboard, known for its successful activism in the information technology sector,...

Stay informed about the upcoming economic events and speeches that could impact the financial markets this week. On Monday, June 24, at 3 AM ET, keep an eye out for FOMC member Waller speaking....

Gold prices took a hit after the release of strong US PMI data, which showed that both manufacturing and services activity remained robust in June. This led to higher expectations for inflation and interest...

The week ended on a soft note for US equities, with key events and releases to watch in the upcoming week. Gold saw a short-lived rally before falling $40. MUFG predicts that the BOJ...

The Dollar gained strength due to recent activities by the European Central Bank, according to FX Strategist Francesco Pesole from ING. This was influenced by the surprise rate cut by the Swiss National Bank...

Thursday's statement from the Bank of England (BoE) indicates that there may be an interest rate cut coming soon, according to ING's FX Strategist Francesco Pesole. He believes that an August rate cut is...

The Euro Area's economic recovery is facing uncertainty as recent Purchasing Managers' Index (PMI) data points to weaknesses in the region. While global equities saw modest gains and crude oil prices surpassed USD 85...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to carefully consider your investment objectives, experience level, and risk tolerance before engaging in such activities....

The focus next week will be on the core PCE inflation data in the US, which could confirm market expectations of two Fed rate cuts by the end of 2024. Despite the Fed's dot...

USD/JPY bulls are taking big risks. The pair has been on the rise for seven consecutive days following a strong US services PMI report. The PMI reading of 55.1 is the highest in 26...

The recent data coming out of the United Kingdom has painted a mixed picture of the economy, leading to some turmoil for the Pound Sterling (GBP). According to Scotiabank’s Chief FX Strategist Shaun Osborne,...

On Sunday, the Washington Post made a public announcement that Robert Winnett would not be taking on the role of editor at the newspaper after a series of internal conflicts. The decision was made...

Tesla is making a bold move by bringing its electric cars to the Middle East, particularly in the United Arab Emirates. The company's CEO, Elon Musk, announced this exciting venture during the World Government...

Moelis & Company, listed on the New York Stock Exchange under the ticker symbol MC, has been experiencing revenue growth primarily driven by restructuring efforts. The company has seen an increase in hiring year...

Recently, Truist Securities maintained a Hold rating on Plug Power (NASDAQ: PLUG) stock with a price target of $3.00. This decision comes after Plug Power announced a significant 25MW PEM electrolyzer sale to a...

Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial struggles and seeking rent concessions from landlords. The company has reportedly asked some landlords to reduce its rent...

EUR/USD faced a significant drop to 1.0670 as a result of the weak preliminary Eurozone PMI data for June and the strong performance of the US Dollar. The Eurozone's Composite PMI unexpectedly declined to...

Eurozone's Purchasing Managers' Index (PMI) data for the month of June has raised concerns as both the Manufacturing and Services sectors experienced significant declines. The Manufacturing PMI dropped from 47.3 to 45.6, falling below...

The UK Services PMI for June fell below expectations, with a reading of 52.9 compared to the prior 51.2. The Manufacturing PMI came in at 51.4, slightly higher than the expected 51.3, while the...

The latest data from the Office for National Statistics (ONS) showed that UK Retail Sales saw a significant rebound of 2.9% in May, exceeding market expectations of a 1.5% increase. This positive growth comes...

Japan's Chief Cabinet Secretary, Yoshimasa Hayashi, recently emphasized the importance of achieving stable foreign exchange (FX) levels in the country. According to Hayashi, having stable FX levels is desirable as it helps to maintain...

Japan's core consumer price index (CPI) excluding food prices increased by 2.5% year-on-year in May, which is slightly lower than the expected 2.6%. This is the 26th consecutive month that core inflation has exceeded...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to be aware of the risks involved, especially when using leverage, as it can lead to...

The NZD/JPY cross has been on an upward trend, reaching new cycle highs above 97.00. This positive movement continued on Thursday as the cross surpassed the previous resistance level and set a fresh cycle...

The White House has issued a stern warning against the escalation of conflict between Israel and Hezbollah, as tensions continue to rise with daily rocket and drone attacks. Amidst these heightened hostilities, Amos Hochstein,...

Oil prices have doubled in the market, reaching $53.50 per barrel, thanks to the efforts of major oil producers like OPEC. The price collapse that occurred in 2016 led to OPEC devising a plan...

Investors in the tech sector have been riding the wave of momentum, particularly with the rise of AI and Nvidia. The iShares U.S. Technology ETF (NYSEARCA:IYW) is a popular choice for those looking to...

Richard H. Glanton, a director at Mistras Group, Inc., recently sold 21,000 shares of the company's common stock in a transaction on June 20, 2024. The sale was made at a weighted average price...

Casual-dining chains are seeing a shift in consumer behavior, according to Darden Restaurants CEO Rick Cardenas. Customers who are fed up with higher prices at fast-food restaurants are now turning to casual-dining chains like...

The British pound saw a decline on Thursday, with GBP/USD trading at 1.2683 during the North American session, marking a 0.29% decrease for the day. The Bank of England's decision to keep rates unchanged...

US housing starts for the month of May came in lower than expected at 1.277 million, missing the 1.370 million forecast. Additionally, initial jobless claims were reported at 238,000, slightly higher than the estimated...

The US Dollar gained strength on Thursday as US Treasury yields rose, boosting the Dollar Index (DXY). Despite weak data, including a decrease in Building Permits and Housing Starts, the USD showed resilience. Federal...

The Bank of England (BoE) has decided to keep the Bank Rate unchanged at 5.25% as expected. The vote split remained the same as in the May meeting, with 7 members voting for no...