Investors are looking ahead to fresh inflation readings in the U.S. in the next few days with the latest producer price index due Tuesday and the consumer price index slated expected on Wednesday. Earnings in Europe before the bell came from Bayer, Munich Re, Porsche, Direct Line Group, Salvatore Ferragamo and Associated British Foods. LONDON — European stocks were muted […]
Read moreCrypto is reaching a tipping point: Bitstamp CEO CEO Bobby Zagotta analyzes the factors behind the surge of digital currencies. Michael Martocci, a 26-year-old startup founder, ignores the golf invitations and other solicitations from the Goldman Sachs Group Inc. financial adviser trying to land him as a client. Eighteen holes isn’t particularly appealing to the Miami-based Mr. Martocci, and neither […]
Read moreFox Business Flash top headlines for November 8 Check out what’s clicking on FoxBusiness.com. Barstool Sports founder Dave Portnoy said Monday the company’s "One Bite" frozen pizza brand posted its "biggest weekend ever" in sales after he urged his fans to show support following the publication of a damning article that accused Portnoy of sexual misconduct. Portnoy shared a video […]
Read moreNov 8 (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday said that while he is a bit more nervous about inflation staying high than he had previously been, he still believes the Fed will not need to raise interest rates until 2023. “I think inflation will stay more elevated in 2022,” he told reporters after a speech. […]
Read moreSemiconductor shipments surge to record highs Kaltbaum Capital Management President Gary Kaltbaum discusses impact of Fed rate hikes on markets. AMD is on pace to close at an all-time high with the biggest percentage increase since July of 2020 thanks to a deal with Facebook. Ticker Security Last Change Change % AMD ADVANCED MICRO DEVICES, INC. 150.16 +13.82 +10.14% The […]
Read moreFox Business Flash top headlines for November 8 Check out what’s clicking on FoxBusiness.com. McAfee Corp. is being taken private by a group of investors in a deal that values the cybersecurity firm at more than $14 billion including debt. A consortium of investors including Advent International Corp. and Permira Advisers will pay $26 per share cash, a 22.6% premium […]
Read more(Updates prices) * Focus turns to U.S. CPI data due on Wednesday * U.S. 10-year yields rise after Friday’s tumble Nov 8 (Reuters) – Gold prices slipped from a two-month high on Monday pressured by rising U.S. yields, although expectations that key central banks will keep interest rates low in the near term limited losses of the non-yielding asset. Spot […]
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FILE PHOTO: A trading screen is seen following the opening of the markets by British Chancellor of the Exchequer Philip Hammond and Chinese Vice-Premier Hu Chunhua at the London Stock Exchange in London, Britain June 17, 2019. REUTERS/Henry Nicholls/Pool(Reuters) -London’s FTSE 100 was flat on Monday as gains in energy and mining were offset by weakness in financial and consumer-focussed […]
Read moreLONDON, Nov 8 (Reuters) – The reopening of the United States to British travellers will help all airlines operating between the two countries, but for UK-based trans-Atlantic-focused Virgin Atlantic, it means “the world”, its chief executive said. “Virgin would not be Virgin without the Atlantic,” CEO Shai Weiss said in an interview. “This is the market that is at the […]
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