Apple is back. Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. The news A major catalyst for Tuesday’s move: Data that signaled strong demand for Apple’s biggest money maker, the iPhone. In the third quarter, iPhone shipments rose
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The second largest U.S. bank performed better than expected, led by investment banking revenue. Banks have performed better than anticipated so far in the third quarter, and that includes Bank of America (NYSE:BAC). The nation’s second largest bank topped revenue estimates in the quarter, bringing in $25.3 billion in income. That was up less slightly
Gold price attracts some haven flows amid the risk-off mood and Middle East tensions. A modest USD downtick further benefits the XUA/USD, though the upside seems limited. Bets for smaller rate cuts by the Fed should limit the USD losses and cap the yellow metal. Gold price (XAU/USD) edges higher for the second straight day
GBP/USD remains confined in a familiar range held over the past week or so. Traders opt to wait on the sidelines ahead of the release of the UK CPI report. The technical setup favors bears and supports prospects for further losses. The GBP/USD pair extends its sideways consolidative price move on Wednesday and remains confined
The US PPI data came out and showed the YoY higher than expectations (but the headline was lower than the revised higher level), but the MoM data was more tame. The short end of the yield curve is a little lower. The long end, not so much. The US stocks are steady but lower on
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold December futures contracts at MCX opened flat today at Rs 76,224 per 10 gram, which is down by 0.11% or Rs 83 while silver December futures contracts were trading at Rs 91,007/kg, down by 0.74% or Rs 683. Gold prices have surged by Rs 1,300 per 10 gram in the last 3 days, while
The Monday Asian session started quietly with Japan on holiday and the US and Canada on extended weekends. Market reactions to China’s Minister of Finance press briefing over the weekend have been subdued, as traders await further details regarding China’s anticipated fiscal stimulus. Without specifics, it’s difficult to gauge the broader impact on the country’s
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to
Gold price reverses an Asian session dip and climbs to over a one-week top on Monday. Geopolitical risks and bets that the Fed will cut rates continue to underpin the XAU/USD. Odds for a less aggressive Fed easing boost the USD and might cap gains for the commodity. Gold price (XAU/USD) turns positive for the
A week ago today, the USDCHF made a break to the upside and out of the “Red Box” that had confined the pair going back to August 20. The US jobs report was the catalyst for the move higher, but by Monday, the price fell back to the high of that “red box” and even
UPCOMING EVENTS: Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed) Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI. Wednesday: UK CPI. Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market
In the week from October 7 to 12, gold prices remained volatile in the international as well as domestic markets. Gold prices in the international markets have moved in the range $2,600-2,660/0z, while on the MCX prices moved in the range of Rs 74,800-76,500/10 gms i.e a range of around Rs 1,700/10 gms. Prices corrected
Dollar is broadly stronger today, though the momentum behind the move is not particularly robust. Markets are awaiting insights from several Fed officials and the release of September FOMC minutes later in the US session. While Fed’s direction on monetary easing is well understood, the pace of future rate cuts remains uncertain and is unlikely
The pace of price increases over the past year took an unexpected step higher in September as policymakers contemplate their next move on interest rates, according to a Labor Department report Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2%
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are usually good news for banks,
The USDCAD has been trending to the upside since bottoming on October 2 near 1.3472. The momentum over the last eight trading days has taken the price up to a high of 1.37826. That took the price to the low of the next swing area target between 1.3784 and 1.38036 (going back to April 2024
The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference
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