Author: FX
WANAN YOSSINGKUM Activewear brand Vuori is talking to investment banks about a potential initial public offering by the middle of next year. Vuori is looking for an IPO that would top its $4 billion valuation in its last funding round in 2021, according to a Bloomberg report on Friday, which cited people familiar with the matter. That financing round included funding from Japan’s Softbank (OTCPK:SFTBY). Vuori may pick its advisers within weeks, though it hasn’t made a final decision and plans may change, according to the report. California-inspired activewear brand Vuori announced a $400 million investment from Softbank Vision Fund…
© Reuters. FILE PHOTO: A container ship leaves Pusan Newport Terminal in Busan, South Korea, July 1, 2021. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) -South Korea’s exports slowed their fall in September, in contrast to market expectations, marking the mildest decline in a yearlong downturn, a hopeful sign for the global economy from the bellwether industrial economy. Overseas sales by Asia’s fourth-largest economy fell 4.4% from a year earlier to $54.66 billion, trade data showed on Sunday, compared with an 8.3% loss in August and a 9.1% decline tipped in a Reuters survey of economists. It was the 12th consecutive month…
Senate passes 45-day spending bill, averting a government shutdown Source link
Polygon Labs announced on Sept. 29 that Google (NASDAQ:) Cloud has joined the Polygon proof-of-stake network as a validator. Google Cloud joins over 100 other validators verifying transactions on its layer-2 network. Source: Polygon StakingContinue Reading on Coin Telegraph Source link
Mohammed Haneefa Nizamudeen After the failure of Intercept Pharmaceuticals’ (ICPT) Ocaliva (obeticolic acid) for nonalcoholic steatohepatitis (NASH) in June, the company was destined to be acquired. GlobalData argues that without any other late-stage candidates in its pipeline and with its share price dropping precipitously, an acquisition was the best — and perhaps only — option for Intercept (NASDAQ:ICPT). While Ocaliva is approved for primary biliary cholangitis, that market is tiny compared to the one for NASH. GlobalData projects 600K total cases of PBC in major markets in 2027. The data and analysis firm said that the market size for NASH…
China manufacturing PMIManufacturing PMI 50.2 vs 50.0 (prior 49.7)Non-manufacturing PMI 51.7 vs 51.5 expected (prior 51.0)The official manufacturing PMI is the important one and it rose above 50 for the first time since March 2023. That line signals expansion/contraction, so while it’s a small beat on expectations, it’s an important one.Notably, China is on holiday all next week. Source link
solarseven/iStock via Getty Images This past week’s winners among financial stocks were led by three fintech companies, a cryptocurrency exchange and a regional bank. The five biggest losers, meantime, included a Chinese-based fintech, two Japanese lenders, a Chilean lender and a reinsurer. Overall, financial stocks (with market cap over $2B) suffered in the week ended September 29, with the Financial Select Sector SPDR Fund ETF down 1.7%, outpacing the S&P 500’s 1.1% decline. Upstart (NASDAQ:UPST), which offers a loan platform for banks, notched the biggest gains in the sector, climbing 7.5%, as Needham started coverage of the stock; SoFi Technologies…
Thankfully, the trend was a friend to our strategists this week, leading to likely positive outcomes for most of price outlook discussion. Three out of four discussions moved as favored, with two out of those three even seeing both the expected pullback and a strong rally after. Missed the action!? Check out the review below to see more of how the markets behaved and hopefully you can take away some lessons to apply to your own trading processes! On Monday, we were keeping a close eye on EUR/USD as it price action stabilized into a tight range between 1.0620 and…
> What technical levels are in play for major currency pairs going into the new trading week Technical levels in play for the week starting October 2, 2023 EURUSD:USDJPY:GBPUSD:USDCAD:AUDUSD:NZDUSD: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Crude oil technical analysis shows Q4 could take prices towards the $100 mark but remain around overbought levels which could limit upside Source link