Wednesday, November 13, 2024

Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning

Oil prices
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Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China brewed more concerns over worsening demand, although the prospect of smaller U.S. rate hikes and tightening supply helped limit losses. Crude markets plummeted at...

Asian Stocks Slammed by Fed Rate Hike Risks

Financial News
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Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling 1.5%, while Japan’s Nikkei 225 index lost 1.3%....

Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales

META
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Meta Platforms Inc's stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the "Year of Efficiency." The parent of Instagram and Facebook (NASDAQ:META), which has fallen on hard times amid...

Dr. Martens Plunges After Fresh Profit Warning

Dr. Martens
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Dr. Martens (LON:DOCS) stock plunged at the open on Thursday to a new all-time low, after the bootmaker was forced to cut its forecasts once again in response to problems in North America. Dr. Martens said a variety of operational problems had created a...

Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips

ASIA FX
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Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the...

Asia FX Muted, yen Supported By Bets on Eventual BoJ Pivot

Asia FX muted
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Most Asian currencies moved little on Monday as fears of a potential recession and rising COVID-19 cases in China weighed on sentiment, while the Japanese yen gained on bets that the Bank of Japan (BoJ) could eventually tighten policy amid rising inflationary pressures. The...

Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

Dow Futures
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U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT)...

Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

Oil Prices Dip
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Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from...

Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

Financial News
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Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at...

After UPI, PhonePe dominates Bharat BillPay with a 49% volume share in August

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A first, the National Payments Corporation of India released company-wise data for the month of August 2021 on the Bharat Bill Payment System (BBPS) – the platform that offers interoperable bill payment services for customer The data shows that after maintaining its lead in monthly...