Author: FX

Ariel Skelley/DigitalVision via Getty Images Private equity firm Thoma Bravo is in advanced discussions to acquire patient record software provider NextGen Healthcare (NASDAQ:NXGN). Thoma Bravo may announce a deal as soon as this week, according to a Bloomberg report on Monday, which cited people familiar with the situation. The report comes after a Reuters report late last month that NextGen (NXGN) was exploring options, including a sale. NextGen has a market cap of $1.3 billion. NextGen (NXGN) competitors include Athenahealth, Oracle (ORCL), EClincalWorks, Epic Systems, Greenway Health, Veradigm (MDRX), and Modernizing Medicine, according to the company’s latest 10-K filing. NextGen’s…

© Reuters. FILE PHOTO: A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/File Photo HONG KONG (Reuters) – China’s largest private property developer, Country Garden, faces a deadline for making interest payments on two U.S. dollar bonds on Tuesday, just days after dodging an onshore debt default with a last-minute payment extension deal. Country Garden last month said it had not paid coupons on the bonds due on Aug. 6 totalling $22.5 million, exacerbating market fear that the developer was slipping into a worsening liquidity squeeze. Both payments…

Conflicting headlines out of the UK:British retail consortium August total sales +4.1% y/y vs July +1.5% British retail consortium August like-for-like sales +4.3% y/y vs July +1.8% Barclay UK August consumer spending +2.8% y/y vs July +4.0% the bank blamed on a continuation of the previous month’s rainy weatherBarclays: spending on essentials grew at slowest pace since April 2020, due to lower fuel spending BRC comment:”As the rate of price rises falls, so will the extra spending needed by consumers. As a result, sales growth may fall in the coming months, even if volume growth does not,” Barclays: “Muted spending…

Share: EUR/USD pair gains a modest 0.19% to trade at 1.0792, as US markets remain closed for Labor Day and ECB President Lagarde’s comments fail to stir volatility. Mixed US employment data and a higher manufacturing PMI of 47.6 led to reduced expectations for US interest rate hikes, keeping September odds at 93%. For further directional cues, investors see upcoming economic indicators, including the Eurozone’s S&P Global Services, Composite PMIs, and US Factory Orders. A quiet session at the beginning of the week saw the Euro (EUR) gaining 0.19% versus the US Dollar (USD), as the US cash…

© Reuters. Soccer Football – Spanish Soccer Federation Meeting – Ciudad Del Futbol Las Rozas, Las Rozas, Spain – August 25, 2023 President of the Royal Spanish Football Federation Luis Rubiales announces he will be staying as president during the meeting RFEF/Hando MADRID (Reuters) – The Spanish men’s team criticised the country’s soccer boss Luis Rubiales on Monday for his “unacceptable behaviour” after he kissed Jenni Hermoso on the lips following Spain’s victory in the Women’s World Cup 15 days ago. “We want to reject what we consider to be unacceptable behaviour from Mr Rubiales, who has not lived up…

LeoPatrizi/E+ via Getty Images Carol Robinson has been renting out rooms in her Brooklyn home for years through Airbnb (NASDAQ:ABNB). It has supplemented her part-time income, and she loves playing host to families, artists and students. The money, and her guests, also helped her get through a divorce. The good times, however, appear to be coming to an end this week as a new regulation goes into effect in New York, effectively banning short-term rentals. Robinson, who asked not to have her real name used for fear of reprisal, promised she’ll do everything she can to comply with the laws,…

These price decreases of 28% and 34% for high-end Tesla models are like a rorschach test for market watchers. I have heard so many takes on what this means for Tesla and automotive economics:Tesla demand has fallenEV costs have fallenTesla is aggressively trying to take market shareThe economy is strugglingModel 3 and Model Y cannibalizing demandGaming federal subsidiesI tend to think there is some significant deflation in manufacturing and parts. The FT today writes about huge investment is Chinese battery plants and a battle for market share. If that doesn’t lead to competitive pricing now, it will later. Source link

The Bank of Canada (BOC) is up in a few days! Word around the block is that the central bank will likely keep its interest rate steady in September. What’s up with that and how may CAD traders react? Here are points you need to know if you’re planning on trading the central bank event: Event in Focus: Bank of Canada (BOC) Monetary Policy Statement When Will it Be Released: September 6, 2023 (Wednesday): 2:00 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: BOC to maintain its main policy interest rate…

Pound Sterling News and AnalysisCable maintains non-directional posture as markets hold out for more hikesLarge speculators maintain net-long positioning via the CoT reportEUR/GBP trading range heads towards support as ECB concerns pick upThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryCable Maintains Non-Directional PostureSince breaking below of the longer-term uptrend, GBP/USD has struggled to build on the move to the downside while exhibiting multiple challenges to trading higher too. The sideways trade is largely reflective of where both central banks (Bank of England and the…

Share: China’s measures to boost its property market initially lifted investor sentiment. Traders price in a less aggressive Federal Reserve; first-rate cut expected in May. The upcoming week features sparse New Zealand economic data but includes the RBA monetary policy meeting. The New Zealand Dollar (NZD) losses some traction against the Greenback (USD) on thin liquidity conditions due to the observance of Labor Day in the United States (US). Even though China’s measures to boost its economy and a risk-on impulse, the pair is under stress after hitting a daily high of 0.5961. The NZD/USD is trading at…