Author: FX
svetikd/E+ via Getty Images Traditional media companies are increasingly losing their grip on live sports as tech companies like Apple (NASDAQ:AAPL) open their coffers to secure rights on everything from professional soccer to the NFL. Disney (DIS) and Warner Bros. Discovery (WBD) have been longtime partners of MLB and NBA, while ESPN has had rights to both the NFL, via Monday Night Football, the NFL Draft and more. But traditional media is struggling amid cord-cutting and increased competition from streaming services, and lacks the deep pockets of Apple (AAPL), Google (GOOG) (GOOGL) and Amazon (NASDAQ:AMZN). In recent years, the aforementioned…
‘Black Swan’ Author Slams SBF for Poor Logic Thinking, Here’s Big Criterion U.Today – Prominent scholar and risk manager , famous for his books “Black Swan,” “Antifragile” and others, has taken to X social media app to again take a jab at the former CEO of the bankrupt FTX exchange Sam Bankman-Fried. Here’s what Taleb accuses SBF of this time. “People like SBF know a bit of statistics but don’t understand processes”Taleb cited a tweet with a quote from a book by Michael Lewis “Going Infinite” that has just come out. The book tells the story of Sam Bankman-Fried, how…
Lockheed Martin increases dividend by ~5% Source link
© Reuters. FILE PHOTO: A demonstrator holds up a Guatemalan national flag during a blockade of the Public Ministry building to demand the resignation of powerful senior prosecutors accused of working to undermine President-elect Bernardo Arevalo’s ability to take of GUATEMALA CITY (Reuters) – The head of the Organization of American States (OAS) said late on Friday he had accepted an invitation to mediate between Guatemalan officials and street protesters seeking an orderly transfer to power to President-elect Bernardo Arevalo. In a post on social media, OAS Secretary General Luis Almagro said he accepted the invitation from Guatemala’s government, posting…
SlavkoSereda/iStock via Getty Images Energy stocks posted their worst week since May, with the S&P Energy Index dropping 5.4%, while U.S. crude oil plummeted nearly 9% for its biggest weekly loss since March. Crude futures edged higher on Friday, but the gain did little to trim the weekly decline after signs that a surge toward $100/bbl oil was destroying demand. Bullish oil market sentiment sank following weak data on U.S. gasoline consumption that showed average gasoline demand over the last four weeks fell 5% from the same period last year, combined with a larger than expected jump in inventories, although…
© Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo (Reuters) – Canadian workers union Unifor on Friday said General Motors (NYSE:) was “resisting” a number of important elements of its pattern agreement with Ford Motor (NYSE:). The union had chosen the company as its second bargaining target after Ford, to address GM-specific issues in another round of contract talks. Earlier last month, Unifor ratified a new three-year contract with Ford that offered wage increases of up…
For most of the week, the U.S. dollar dominated the majors, but after the highly anticipated U.S. employment update on Friday, the Greenback finally gave up its crown to the European currencies with the Swiss franc taking the top spot. Missed the major forex headlines? Here’s what you need to know from this past week’s FX action: USD Pairs Overlay of USD vs. Major Currencies Chart by TradingView It was another boost higher for the Greenback to start the week, likely a continuation of speculation that the Fed will raise interest rates at least one more time in 2023, and keep…
The Australian dollar has sold off in 2H with further frailties ahead. AUD/USD threatens to breakdown while AUD/JPY gears up for a reversal at major resistance Source link
When the US jobs report came out and showed a stronger-than-expected 336K nonfarm payroll jobs (estimate 170K) and revisions of over 100K to the prior month’s, the US dollar moved higher, yields moved higher and stocks moved lower. However, then people started to look at things like the unemployment rate remaining at 3.8% (despite the gain in jobs), the average hourly earnings coming in at 0.2% – lower than the 0.3% expected – and the year-on-year average earnings dipping to 4.2% which was lower than pre-pandemic levels, the tone in the market started to shift. First it was a correction.…
Share: Canadian Dollar market flows turn bullish following US & Canada labor data prints. Canada Unemployment Rate flat at 5.5%, US unemployment holds at 3.8%. US NFP handily beats expectations with slightly softer earnings. The Canadian Dollar (CAD) is climbing to fresh highs, set to challenge Monday’s trading range following a bumper labor data release, with a firm US Nonfarm Payrolls (NFP) reading for the US Dollar (USD) mixing with misses on hourly wages and unemployment. Canada: Weakness under the hood in the employment report should limit its implications for BoC Canada labor markets continue to improve, with…