Author: FX
© Reuters. FILE PHOTO: Singer Brian Wilson of The Beach Boys performs at “Gibson Celebrates The Beatles in Art and Song” in Beverly Hills, California January 22, 2014. REUTERS/Fred Prouser/File Photo By Steve Gorman and Dawn Chmielewski LOS ANGELES (Reuters) – Two longtime associates of Beach Boys co-founder Brian Wilson have petitioned a court, at his family’s behest, to place him under a conservatorship, asserting the musician is unable to care for himself following his wife’s death in January. The petition, filed on Wednesday in the probate division of Los Angeles County Superior Court, asks that Wilson’s publicist-manager, Jean Sievers,…
SlavkoSereda/iStock via Getty Images Crude oil added to recent gains Friday to wrap up a fourth winning week out of five, benefitting from a ratcheting up of tensions in Middle East while overcoming some difficult headlines along the way. During the week, U.S. stockpiles posted a big 12M-barrel build in the largest weekly increase since November, the IEA said global oil demand growth is losing momentum while supplies outside OPEC+ continue to rise, and two hotter than expected U.S. inflation reports lifted the dollar and reduced any chance for an early rate cut from the Federal Reserve. A larger than…
Scott Olson/Getty Images News Trump SPAC Digital World Acquisition (NASDAQ:DWAC) said on Friday it will hold the special meeting of its stockholders to vote on the approval and adoption of the proposed business combination with former president’s social media platform Trump Media & Technology on March 22. Shares of DWAC were down 0.2% in extended trading. Digital World stockholders of record as of the close of business on February 14, 2024, are entitled to attend and vote at the special meeting, the company added. On Thursday, DWAC finally received SEC approval for its business combination with Trump Media & Technology,…
Share: USD/JPY advances to 150.16, lifted by US inflation figures and positive consumer outlook. Fed’s Bostic and Daly call for a cautious stance on rate cuts, advocating patience. Technical outlook suggests bullish potential for USD/JPY, eyeing targets beyond 151.00 with key supports in focus. The USD/JPY is set to finish the day and the week positively, with the major clinging above the 150.00 figure, posting daily gains of 0.16%, exchanging hands at 150.16. Fundamentally speaking, Friday’s data suggests inflation in the United States (US) is stickier than expected, as shown by the latest Producer Price Index (PPI) report,…
Markets:Gold up $9 to $2013US 10-year yields up 4.3 bps to 4.28%WTI crude oil up $1.20 to $79.23S&P 500 down 0.5%NZD leads, JPY lagsThe hot PPI reading initially looked like it would kick off something like CPI did earlier in the week, albeit at a smaller scale. The dollar initially sold off, stocks fell and yields popped but it didn’t last. The dollar highs for the day were immediately after the release and then the questions started.As I highlighted before the release, there might be seasonal adjustment factors at play in January BLS inflation data. CPI and import/export prices were…
© Reuters. GOOSE CREEK, SC – HireQuest, Inc. (NASDAQ:HQI), a national staffing services franchisor, has announced a quarterly dividend of $0.06 per share, payable on March 15, 2024, to shareholders of record as of March 1, 2024. This declaration follows the company’s ongoing practice of providing returns to its shareholders and reflects the current financial standing and cash flow of the organization. HireQuest operates through a franchise model with over 400 offices across the United States, offering a range of staffing solutions including direct dispatch, executive search, and commercial staffing. The company’s diverse portfolio serves various sectors such as construction,…
Share: Mexican Peso drops amid strong Dollar, fueled by ongoing inflation signs and upbeat consumer sentiment. Anticipation for Mexico’s Retail Sales, Q4 GDP and mid-February inflation data could influence Banxico’s policy direction. US PPI surge in January and positive consumer sentiment sponsor USD/MXN upside. The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Friday but is set to finish the week with minuscule losses of 0.17%. Inflation in the United States (US) remains high, according to the Bureau of Labor Statistics (BLS), while consumer sentiment improved. Federal Reserve speakers remained cautious when speaking about rate cuts,…
Share: EUR/USD continues to test a near-term ceiling at 1.0780. European PMIs slated for next Thursday, thin data until then. US PPIs rose on Friday, pinning markets into the midrange. EUR/USD is spinning in place on Friday after a brief test into the low side, but tepid markets are keeping the pair hamstrung near the day’s opening bids as traders buckle down for the week’s closing bell. The Euro (EUR) sees thin economic data until next week’s Purchasing Manager’s Index (PMI) figures, and US data gave traders little to chew on after the US Producer’s Price Index (PPI)…
Share: Crude Oil markets are betting on seasonal demand increases to offset supply builds. Geopolitical headlines from the Middle East continue to put a floor under barrel bids. A split in demand growth projections has Crude Oil markets facing diverging outlooks. West Texas Intermediate (WTI) US Crude Oil extended a near-term rebound to claw back the $78.00 handle on Friday, driving back into a notable technical zone heading into Friday’s closing bell. The Gaza conflict between Israel and Palestinian Hamas still hasn’t seen a resolution or significant progress on a hotly-negotiated ceasefire, keeping energy markets nervous about potential…
The major US stock indices are closing lower on the day and for the trading week. The declines for the weeks snap a 5-week winning streak. The declines on the day come after two days of higher closes. The NASDAQ and the Russell 2000 were the biggest losers as rates moved higher, and some of the high flyers saw profit-taking.The final numbers are showing:Dow industrial average fell -145.15 points or -0.37% at 38627.98S&P index fell -24.16 points or -0.48% at 5005.56NASDAQ index fell -130.53 points or -0.82% at 15775.64For the Russell 2000 it fell -28.73 points or -1.39% at 2032.74For…