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Financial News Editor

Financial News Editor
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news-18062024-094716

US Treasury to Auction $13 Billion of 20-Year Bonds at Top of the Hour

The U.S. Treasury is set to auction $13 billion of 20-year bonds at 1 PM ET today. This auction will be closely monitored as the results will provide insight into the demand for long-term...
news-18062024-074558

Mexican Peso Strengthens Following Positive Economic Data

The Mexican Peso has been trading in a tight range on Tuesday as it bounces back from the sell-off that occurred after the elections. President-elect Claudia Sheinbaum is working to reassure the markets with...
news-18062024-072958

Warren Buffett Increases Stake in Occidental Petroleum, Now Nearly 29% Owned

Warren Buffett recently attended the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, where he discussed his increased stake in Occidental Petroleum. Over the past nine trading sessions, Buffett's Berkshire Hathaway has been steadily...
news-18062024-034623

Brent Oil Price Surge Driven by Stock Market Demand – Analysis & Forecast

The price of Brent crude oil surged by 2% on Monday, leading to a moderate adjustment in the commodity market on Tuesday morning. Currently, a barrel of the North Sea variety is trading at...
news-18062024-034558

S&P 500 Technical Analysis: Path of Least Resistance to Upside

Last week, we received some positive news as both the CPI and PPI numbers came in lower than expected. This news is likely to support the stock market overall, as it may give the...
news-18062024-034515

Natural Gas Prices Decline as Geopolitical Tensions Ease

Natural Gas prices have been trying to recover after a four-day losing streak. Traders are examining various data points, including the fact that European Gas storages are currently 73.41% full. This news comes as...
news-18062024-022928

Invest in Elon Musk’s xAI with Cathie Wood’s ARK Venture Fund: A Complete Guide

Cathie Wood, the CEO of ARK Investment Management LLC, recently announced that her ARK Venture Fund has made an investment in Elon Musk's startup xAI. This move further solidifies Wood's commitment to artificial intelligence...
news-17062024-234451

Gold Price in India Today: June 18 Rates and Trends

Gold prices in India remained relatively stable on Tuesday, with the price for gold standing at 6,225.58 Indian Rupees (INR) per gram. This was just slightly higher compared to the price on Monday, which...
news-17062024-232659

North Korean Soldiers Cross Military Demarcation Line, Causing Casualties: Live Fire Incident

Tensions continue to escalate on the heavily militarized Korean border, with reports of North Korean soldiers briefly crossing the border and causing casualties. The South Korean military fired warning shots after the soldiers crossed...
news-17062024-232644

Apple Stock Price Approaching All-Time High

Apple's stock price is skyrocketing, reaching $133.82 in early trading on Monday, inching closer to its all-time high of $134.54 from April 2015. The stock closed at $133.29, surpassing its previous record of $133...
news-17062024-232623

MTY Food Group Valuation: Undervalued Investment Opportunity (MTYFF)

MTY Food Group, a company that owns a variety of quick-service, fast-casual, and casual dining restaurants, has faced challenges recently, including margin erosion and higher acquisition costs. However, with a 17.6% decline in stock...
news-17062024-232604

Magnite and Spectrum Reach Partner to Boost Programmatic Advertising Access

Magnite and Spectrum Reach have joined forces to enhance programmatic advertising access, as announced in a recent press release. Magnite, known as the world's largest independent sell-side advertising company, and Spectrum Reach, the advertising...
news-17062024-232524

Apple discontinues buy now, pay later loan services in the United States

Apple has announced that it will no longer be offering loans through its buy-now-pay-later program, Apple Pay Later, in the United States. This decision comes as the tech giant plans to introduce installment loans...
news-17062024-214537

RBA Keeps Cash Rate Unchanged at 4.35% | Forexlive Analysis

The Reserve Bank of Australia (RBA) has decided to keep the cash rate unchanged at 4.35%. This decision comes as inflation has decreased significantly since its peak in 2022. Additionally, there has been a...
news-17062024-212852

Are Bitcoin ETFs Gaining Traction Among Financial Advisors?

Bitcoin ETFs were seen as a way for financial advisors to introduce their clients to investing in bitcoin. However, after nearly six months since their launch, it appears that financial advisors are not rushing...
news-17062024-194427

Gold Price Consolidates Above $2,300: Analysis and Forecast

Gold prices are holding steady above $2,300 as uncertainty looms around the Federal Reserve's rate-cut decisions. The Fed's recent hawkish outlook has led to speculation about only one rate cut in 2024, which has...
news-17062024-162820

Texas Instruments Urged to Improve Free Cash Flow by Activist Elliott

Texas Instruments is a well-known global semiconductor company that designs, manufactures, tests, and sells analog and embedded processing chips for various markets. The company has a long history of innovation and strategic decision-making that...
news-17062024-154351

Mexican Peso Weakens Amid Support for Judicial Reform: What Investors Need to Know

The Mexican Peso faced a slight decline against the US Dollar on Monday, dropping by 0.29% as investors turned risk-averse due to weak economic data from China and political uncertainties in Europe. This volatility...
news-17062024-114059

Federal Reserve Caution: Interest Rates Will Remain Steady Amid Cooling Inflation Data

The Federal Reserve has announced that interest rates will remain steady for the time being, despite recent cooling inflation data. The Fed is looking for more positive inflation data before considering any rate cuts....
news-17062024-112749

Tech Fund Investors Shift Focus: Nvidia Gains 20% Weighting and Billions in Demand, Apple...

Tech investors are turning their attention to Nvidia, causing a major technology exchange-traded fund to shift billions of dollars into the chip giant's shares while reducing its holdings in Apple. The Technology Select Sector...
news-17062024-094241

Euro Stable as Market Anxiety Eases – Action Forex

The euro remained stable on Monday, with EUR/USD trading at 1.0714, up 0.10% on the day. The recent market anxiety triggered by the upcoming snap parliamentary election in France led to a sell-off in...
news-17062024-094220

Stock Market Update: Nasdaq Leads Gains in Latest Trading Session

The stock market in the US is seeing an overall increase today, with the NASDAQ index leading the way towards gains. If the NASDAQ closes positively today, it will mark the sixth consecutive record...
news-17062024-074029

UK Inflation and BoE Policy Push Pound Sterling Below 1.2700

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD pair is hovering around 1.2670, reaching a monthly low. This...
news-17062024-072631

Holiday Week Ahead: Retail Sales, Housing, and PMIs

In the upcoming holiday-shortened week, there are several key data highlights to look out for. The US retail sales report will be released tomorrow, followed by the UK CPI on Wednesday, and Japanese inflation...
news-17062024-072614

Is Trump the reason for record-breaking stock market highs?

The stock market hit record highs on Monday, with the Dow, S&P 500, Nasdaq, and Russell 2000 all reaching new peaks. Investors are excited and optimistic about the future of both large multinational companies...
news-17062024-072551

U.S. Steel Faces Challenges with Declining Steel Prices

Many investors in U.S. Steel Corp. are focused on the $55 cash per share buyout proposal by Nippon Steel, overlooking the decline in steel prices this quarter. However, due to political reasons, the deal...
news-17062024-072530

Ferrari N.V. Buyback Program Report by Investing.com

Ferrari N.V., the Italian luxury sports car manufacturer, has provided an update on its share buyback program. The company has purchased additional common shares as part of the Euro 350 million share buyback program,...
news-17062024-072449

Closing Major Tax Loophole for Large Partnerships: Treasury and IRS Plan

The U.S. Department of the Treasury and the IRS have put forth a plan to close a significant tax loophole exploited by large partnerships. This move is expected to generate over $50 billion in...
news-17062024-062717

Berkshire Hathaway Reduces Stake in Chinese EV Maker BYD to 6.9%

Warren Buffett, speaking during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, has been making headlines for reducing the company's stake in Chinese EV maker BYD to 6.9%. The conglomerate, an early investor...
news-17062024-034045

New Zealand Dollar Decline: Forex Market Analysis and Strategies

The New Zealand dollar is facing pressure from the strong US dollar, following the Federal Reserve's updated forecasts last week. Stock market expectations suggest only one interest rate cut this year, possibly in December....
news-17062024-034024

NZDUSD Technical Analysis: Price Approaching Key Support Level

The USD lost ground last week due to a soft US CPI report, leading to market expectations of two rate cuts by the end of the year. However, the market reversed its moves after...
news-17062024-034001

Oil Prices Struggle to Reach $80 Amid Strong Resistance

Oil prices have been experiencing some fluctuations recently, with no major news driving prices up. Traders are closely monitoring how the shift towards Electric Vehicles will impact oil demand in the medium to long...
news-17062024-012640

Top Dividend Stocks: Wall Street Analysts’ Bullish Picks

In times of market volatility, investors often seek out dividend-paying stocks as a way to generate income and provide stability to their portfolios. With so many options available, it can be challenging to identify...
news-16062024-232526

Australian Dollar: On Defensive Near 0.6600 as Fed Plans Rate Cut

The Australian Dollar (AUD) continued its decline for the third day in a row on Monday, mainly due to the strengthening US Dollar (USD). This decline is a result of the expectation that US...
news-16062024-212712

China’s industrial production growth falls short of expectations in May

China's industrial production in May increased by 5.6% compared to the previous year, which was lower than the expected 6.0% and a slowdown from April's 6.7%. Despite this overall slowdown, the equipment and high-tech...