Author: FX
© Reuters. FILE PHOTO: The iconic Hollywood sign is shown in early morning light in Los Angeles, California, U.S., July 13, 2023. REUTERS/Mike Blake/File Photo (Reuters) – Negotiators for the striking Writers Guild of America (WGA) and Hollywood studios will meet again on Sunday after a fourth day of talks failed to reach a deal. The WGA and the Alliance of Motion Picture and Television Producers (AMPTP), which represents studios like Walt Disney (NYSE:), Netflix (NASDAQ:) and other media companies, held talks on Saturday as the strike reached its 145th day. Writers walked off the job in early May after…
Rangsarit Chaiyakun/iStock via Getty Images Refining stocks have run higher this year, thanks to soaring demand for gasoline and diesel and a relative shortage of the products around the world, but next year could be different, according to Avi Salzman of Barron’s. Two long-delayed refineries in Mexico and Nigeria are set to start production, pumping out 1M bbl/day of fuel, which could could slow or reverse the gains of refining stocks and possibly hold down gasoline prices. The two new refineries alone would add more capacity than the average year during 2015-19, when 800K bbl/day of new capacity was added…
Mon: German Ifo (Sep), US National Activity Index (Aug), German State CPIs (Sep)Tue: Swedish PPI (Aug), US Consumer Confidence (Sep), New Home Sales (Aug) Richmond Fed (Sep)Wed: Spanish Parliament PM Vote re. Feijoo (TBC), CNB Policy Announcement, BoJ Minutes (Jul); German GfK (Oct), Swedish Consumer Confidence (Sep), EZ M3 (Aug), US Durable Goods (Aug)Thu: Banxico Policy Announcement, CBRT Minutes (Sep); EZ Consumer Confidence Final (Sep), German HICP Prelim. (Sep), US PCE Prices Final (Q2), IJC (w/e 18th Sep)Fri: Chinese Caixin PMIs (Sep), UK GDP (Q2), German Import Prices & Retail Sales (Aug), Swiss KOF (Sep), German Unemployment (Sep), Norwegian Unemployment…
andresr/E+ via Getty Images When the US FDA granted full approval of Biogen (NASDAQ:BIIB) and Eisai’s (OTCPK:ESAIY) Alzheimer’s treatment Leqembi (lecanemab), it was a boon to the two companies. It meant that the Centers for Medicare and Medicaid Services (CMS) would cover the drug. Patients also benefitted as Medicare would foot most of the bill for the cost of the drug, which has a list price of $16.5K. And due to requirements for taking the medicine, it also meant that other companies — particularly in the diagnostics and imaging space — could make money off of Leqembi uptake. While the…
© Reuters. FILE PHOTO: A man walks past a currency exchange bureau in Cairo, Egypt, May 6, 2018. REUTERS/Mohamed Abd El Ghany/File Photo CAIRO (Reuters) – Egypt said it had agreed with the International Monetary Fund (IMF) to merge the fund’s first and second reviews of its economic reform programme, after the first review was repeatedly delayed amid questions over Egypt’s progress in meeting the IMF’s terms. The IMF in December approved a $3 billion Extended Fund Facility loan for Egypt, which has been under acute financial pressure since long-standing problems were exposed by economic fallout from the war in…
POTX, UVIX and TARK among ETF weekly movers Source link
USD/JPY FORECAST:Monetary policy divergences between the Federal Reserve and the Bank of Japan will continue to weigh on the outlook for the Japanese yenThe U.S. dollar retains a constructive profile for nowThis article looks at USD/JPY key levels to watch in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Forecast: EUR/USD on Breakdown Watch, EUR/GBP Stuck in No Man’s Land For NowBoth the Federal Reserve and the Bank of Japan held their September monetary policy meetings this past week. For…
It was an incredibly challenging week for forex playas with an extremely busy calendar on hand, laced with four major central bank statements! Despite the difficulty of anticipating price in that environment, our strategists did a pretty good job of anticipating the correct directional biases. And they pointed out several significant chart patterns to watch and consider before traders move on to structure their own risk management plans. Missed the action?! Read on for a detailed review to see how fundamentals influenced prices and how they behaved around the technicals! On Monday, we were leaning net short on GBP/CHF as…
raisbeckfoto Despite being reported on last year, Cisco Systems (NASDAQ:CSCO) surprised Wall Street this week when it said it intended to acquire cybersecurity firm Splunk (NASDAQ:SPLK) for $28B. While some investors have viewed the deal to boost the company’s annual recurring revenue and improve its financial profile as a positive, the collective response on Wall Street has been akin to the shrug emoji. Needham analyst Alex Henderson, who has a hold rating on Cisco (CSCO), said the deal will not solve Cisco’s problems, due in part to the company’s “poor” track record of realizing synergies with past acquisitions. “Cisco’s Security…
Defunct cryptocurrency exchange FTX filed a lawsuit on Sept. 21 against former employees of the Hong Kong-incorporated company Salameda, which was previously affiliated with the FTX group, according to court documents. The court filing says FTX seeks to recover $157.3 million that it claims was fraudulently withdrawn in the hours before the exchange filed for bankruptcy.Continue Reading on Coin Telegraph Source link