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Financial News Editor

Financial News Editor
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news-16062024-212650

BOJ Expected to Reduce Bond Buying by ¥2 Trillion Monthly

The Bank of Japan (BOJ) is expected to reduce its monthly bond buying by ¥2 trillion. This decision could have significant implications for the financial markets and investors.It is important to note that foreign...
news-16062024-202607

Optimized Title: Sternlicht Defends Gating Starwood REIT Withdrawals Amid Falling Rates

Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently defended his decision to place restrictions on how much money investors could withdraw from his real estate fund. Speaking at the Milken Conference...
news-16062024-192503

Maintaining Offered Tone: NZD/USD Near 0.6130-0.6125 Area

The NZD/USD pair experienced some selling pressure for the third consecutive day on Monday. This was influenced by mixed Chinese data that did not excite buyers or give a boost to the New Zealand...
news-16062024-144409

China Economic Data Release Calendar: Retail Sales & Industrial Output – June 17, 2024...

China's economic data release calendar for retail sales and industrial output is set for June 17, 2024. This data is crucial in understanding the current state of China's economy, especially in relation to efforts...
news-16062024-144351

Australian Dollar weakens ahead of RBA decision

The Australian Dollar (AUD) weakened against the US Dollar (USD) as markets anticipated the Reserve Bank of Australia's (RBA) decision next week. Despite strong labor market data from Australia earlier in the week, the...
news-16062024-144331

Swiss Voters Reject Corporate Tax Overhaul: Implications and Analysis

Voters in Switzerland have surprised many by rejecting a reform plan aimed at aligning the country's corporate tax system with international standards. The proposed tax reforms, supported by the business community, would have eliminated...
news-16062024-144259

Naver Corporation: Competitive Threats & Growth Opportunities (OTCMKTS:NHNCF)

My investment rating for Naver Corporation stock (OTCPK:NHNCF) is a Hold. In my September 30, 2019 initiation article, I described Naver as an "internet conglomerate" which "operates South Korea's leading internet search portal,...
news-16062024-144239

Houthis Claim Attack on Two Ships and US Destroyer in Yemen – Reuters

The Houthi rebels claimed responsibility for attacking two civilian ships and a US destroyer in the Red Sea and Arabian Sea. They stated that they targeted the ships in support of Palestinians in Gaza....
news-16062024-144215

Jared Kushner’s Amazon Aggregator Deal: A Risky Post-White House Move

In March 2022, Jared Kushner was called to testify in front of the Jan. 6 House committee regarding the attack on the Capitol that occurred in the waning days of his father-in-law's presidency. In...
news-16062024-144154

Apollo’s Co-President Supports Higher Interest Rates for Private Equity Firms

In December 2023, during a time when the market was anticipating several rate cuts, Apollo Asset Management Co-President Scott Kleinman shared a different perspective. He mentioned that he was against any rate cuts in...
news-16062024-144133

Elon Musk Calls for Elimination of Electronic Voting Machines Amid Dominion Scandal

Elon Musk recently expressed his concerns about the use of electronic voting machines in elections, citing the risk of potential hacking by humans or artificial intelligence. This comes in response to reports that Puerto...
news-16062024-144112

USD/JPY Weekly Forecast: Latest Analysis and Trends for Traders

The USD/JPY pair showed a choppy rise from 151.86 and broke through the 157.70 resistance last week. This led to a continuation of the upward movement, with the initial bias leaning towards the upside...
news-16062024-144051

Don’t Allow Inflation to Exceed 2% by 2026 – ECB’s Kazaks | Forexlive

European Central Bank Governing Council member, Kazaks, who is also the governor of Latvia's central bank, has issued a strong warning about the need to keep inflation below 2% by 2026. According to ECB...
news-16062024-144033

NZD/USD Price Analysis: Bulls Battle as Consolidation Intensifies

The NZD/USD pair has been stabilizing near the 20-day Simple Moving Average (SMA) of 0.6140 after a dip to a low of 0.6115. Bulls and bears are currently locked in a tight battle, with...
news-16062024-144013

Could ‘America First’ Lead to ‘India First’ in Global Trade Dynamics?

Nandan Nilekani, the billionaire co-founder of Infosys Technologies, believes that the U.S. should continue to welcome talented immigrants in order to remain globally competitive. Infosys is a major recipient of U.S. H-1B visas, allowing...
news-16062024-143953

Gen Digital Stock Analysis: Limited Cash Flows Impact Growth Potential

Funtap Gen Digital Inc. is a company that specializes in cybersecurity and antivirus products and services. Following the merger of NortonLifeLock and Avast in 2022, the company's revenue and cost synergies were expected to...
news-16062024-143932

Investor Alert: FutureFuel Corp. Securities Class Action Investigation by ROSEN

The Rosen Law Firm is currently investigating potential securities claims on behalf of shareholders of FutureFuel Corp. (NYSE: FF). It is alleged that FutureFuel may have provided misleading business information to the public, leading...
news-16062024-143909

Beachfront Luxury Homes’ Value Decline Due to Climate Change – Impact on Real Estate...

As the effects of climate change become more apparent, the value of beachfront luxury homes is declining, impacting the real estate market. Coastal areas across the United States, from Dana Point, California, to Nantucket,...
news-16062024-143848

Optimistic Outlook: Top Wall Street Analysts’ Picks for 3 Stocks

As Wall Street analysts continue to carefully select stocks that can withstand short-term challenges and provide long-term returns, three top picks have emerged. According to TipRanks, a platform that ranks analysts based on their...
news-16062024-143825

Israeli Soldiers Killed in Deadly Incident – Oct 7 Attack Results in Eight Casualties

The Israel Defense Forces (IDF) experienced a tragic event in southern Gaza when a Hamas attack targeted an armored vehicle carrying a group of soldiers. The incident resulted in the deaths of eight Israeli...
news-16062024-143809

EUR/USD Weekly Forecast: Key Analysis and Predictions

Last week, the Euro saw a significant decline indicating that the rebound from 1.0601 may have already ended as a correction to 1.0915. This week, the initial bias is towards the downside with a...
news-16062024-143749

EUR/USD Weakness: UBS Outlook on Downside Levels and Triggers

Last week, the EUR/USD experienced a drop due to political news from France, causing it to open the new week with a gap down. Although the gap was eventually filled later in the week,...
news-16062024-143730

EUR/JPY Price Analysis: Impact of Political Turmoil on Exchange Rate

The Euro has experienced a decline against the Japanese Yen for the second consecutive day, influenced by political uncertainty in France. This uncertainty stems from the decrease in presidential approvals ahead of the General...
news-16062024-143710

Next iPhone: Wireless Charging Speculations and Possibilities

Apple has recently made a move that suggests the next iPhone may come with wireless charging capabilities. The tech giant has joined the Wireless Power Consortium, a group focused on promoting a single wireless...
news-16062024-143649

Holiday Week Boosts Retail Sales in Wall Street Brunch

This week, Wall Street experienced a rare midweek holiday with the stock and bond markets closed for the Juneteenth Holiday on Wednesday. The four-day trading week usually means lower volume and added volatility, which...
news-16062024-143625

Seeking Compensation for Losses in Biomea Fusion, Inc.? Contact The Rosen Law Firm –...

The Rosen Law Firm, a global investor rights law firm, is currently investigating potential securities claims on behalf of shareholders of Biomea Fusion, Inc. (NASDAQ: BMEA). The investigation stems from allegations that Biomea Fusion...
news-16062024-143602

How a Gardener’s Wisdom Led Nvidia CEO to Success: A Profound Learning

Jensen Huang, CEO of Nvidia, shared a valuable lesson he learned from a gardener while traveling internationally. The encounter with the gardener in Japan left a lasting impact on him. Despite the challenging weather...
news-16062024-143541

GameStop Stock Plummets 12% After 40% Decline

GameStop shares took a hit on Monday, dropping about 12% following a significant decline of nearly 40% on Friday. This downward spiral was triggered by a disappointing earnings report and an unimpressive livestream from...
news-16062024-143521

Navigating Market Incredulousness: Understanding Current Trends in Finance

Several key topics in the world of finance have been gaining increased attention recently. One such topic is the discrepancies and unusual aspects of the jobs report. The high percentage of jobs created by...
news-16062024-143500

Forex & Cryptocurrency Forecast: Expert Analysis & Predictions

The past week in the world of Forex and cryptocurrency trading was filled with significant events and developments that impacted the markets. Let's take a closer look at some key highlights from the recent...
news-16062024-143439

China Regulator Tightens Restrictions on Short-Selling Practices

China's financial regulator has recently announced tighter restrictions on short-selling practices in the country. This move is aimed at reducing the potential risks associated with foreign exchange trading, particularly for investors who may not...
news-16062024-143417

Gold price surges as US inflation falters against Fed’s hawkish stance

Gold prices surged above $2,330 as investors placed their bets on the Federal Reserve (Fed) cutting interest rates later in the year. This increase was driven by the latest inflation data from the United...
news-16062024-143400

Mexico’s Plan to Impact American Corn Farmers

Mexico is considering making a significant change that could have a big impact on American corn farmers. Mexican senator Armando Rios Piter, who leads a congressional committee on foreign relations, announced that he will...
news-16062024-143340

S&P 500 Technical Analysis: Week of June 17th

The S&P 500 (SPY) had a strong week, reaching the long-awaited target of 5400-412. This prompted a re-assessment rather than a rush to close positions and go short. The positive momentum was supported by...
news-16062024-143317

Mirum Pharmaceuticals Investor Call: Volixibat VANTAGE & VISTAS Studies Analysis Results, June 17, 2024

Mirum Pharmaceuticals, Inc. recently held an investor call to discuss the interim analysis results from two important studies involving the drug Volixibat. The Volixibat VANTAGE Phase 2b study focused on primary biliary cholangitis (PBC),...