Author: FX
5/5 © Reuters. FILE PHOTO: Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, U.S., June 8, 2023. REUTERS/Carlos Barria/File Photo 2/5 By Sharon Bernstein BERKELEY, California (Reuters) – In the 25 years since California voters banned all consideration of race in college admissions, the state has spent more than $500 million to help create diverse student bodies across the University of California system – with some success. Yet in classes at the University of California at Berkeley, philosophy major James Bennett, who is Black and Filipino, sees almost no one…
Recommended by Manish Jaradi The Fundamentals of Trend Trading Global equity markets rose to a 14-month high while the US dollar fell to a one-month low on hopes that US interest rates are peaking and expectations of more stimulus from China.The MSCI All Country World index rose 0.6%, the S&P 500 index jumped 2.6%, and the Nasdaq 100 index surged 3.8%. The German DAX 40 advanced 2.5% and the UK FTSE 100 rose 1.0%. In Asia, the Hang Seng index rose 3.3%, while Japan’s Nikkei 225 soared 4.5%. Risk-sensitive currencies, including the Australian dollar and the New Zealand dollar, rose…
© Reuters. FILE PHOTO: A general view of the Nova Kakhovka dam that was breached in Kherson region, Ukraine June 6, 2023 in this screen grab taken from a video obtained by Reuters/via REUTERS /File Photo (Reuters) – The death toll from flooding following the destruction of the Kakhovka dam has risen to 16 in Ukraine, Kyiv officials said, while Russian officials said 29 people have died in territories that Moscow controls. The breaching of the Kakhovka Dam on June 6 unleashed floodwaters across a large swath of land in southern Ukraine and in Russia-occupied parts of Ukraine, destroying farmland…
US Dollar, DXY Index – Outlook:The Fed kept interest rates on hold but projected two additional rate hikes in 2023 and not rate cuts until 2025.However, the market is pricing in one more rate hike this year and rate cuts as soon as next year.What does this mean for the US dollar? Recommended by Manish Jaradi Traits of Successful Traders The US dollar index’s (DXY index) fall below key support suggests the market seems to be at odds with the US Federal Reserve’s hawkish hold.The Fed kept interest rates steady at its meeting in the past week but unexpectedly delivered…
Warning: MIXT is at high risk of cutting its dividend Source link
5/5 © Reuters. A tank truck gets partially submerge in water in Perryton as the town gets struck by a tornado, in Texas, U.S. June 15, 2023, in this screengrab obtained from a social media video. Sabrina Devers via TMX/via REUTERS 2/5 By Brad Brooks LUBBOCK, Texas (Reuters) – The Texas panhandle town of Perryton was struck on Thursday by one or more tornadoes, causing fatalities, the mayor said, as images from the ground showed much of the town left in rubble by the twister as emergency crews searched for survivors. “It’s bad, it’s very bad. It’s non-stop crazy. It…
© Reuters. FILE PHOTO: BTS perform during the 64th Annual Grammy Awards show in Las Vegas, Nevada, U.S. April 3, 2022. REUTERS/Mario Anzuoni/FILE PHOTO SEOUL (Reuters) -An estimated 400,000 people gathered in South Korea’s capital Seoul on Saturday as fans from around the globe commemorated the 10th anniversary of the debut of K-Pop boy band juggernaut BTS. The band is on temporary break as a group with two of its seven members currently doing mandatory military service, but that did not stop a host of celebratory events this week catering to a loyal fanbase known as “ARMY”. At the “BTS…
Michael M. Santiago/Getty Images News United Nations Secretary General Antonio Guterres blasted fossil fuel companies this week for their attempts to justify continued oil and gas production as “incompatible with human survival.” The energy industry’s aim to deal with the emissions causing global warming by capturing and storing them, rather than phasing out production, is undermining climate progress, Guterres told the Climate Change Conference in Bonn, Germany. “The problem is not simply fossil fuel emissions. It’s fossil fuels, period,” he said. “We are hurtling towards disaster, eyes wide open, with far too many willing to bet it all on wishful…
GOLD PRICE, CHARTS AND ANALYSIS:GOLD FORECAST: NEUTRAL Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Gold Weekly Forecast: Gold (XAU/USD) Prices Delicately Poised Heading into Blockbuster WeekGold has been on a rollercoaster this week with whipsaw price action sending mixed signals. A week that promised a lot did deliver on the volatility front but failed to provide any clarity on the possible direction of Gold prices moving forward. At the time of writing Gold trades at $1962/oz, just a smidge higher than last weeks…
peterschreiber.media/iStock via Getty Images Biologic drugs, among the most expensive medications that are often used in treating cancer and rare diseases, will propel European pharmaceutical companies to achieve more in sales than their US counterparts. By 2028, three of the top five pharma companies in terms of sales will be Europe based, according to analytics and consulting firm GlobalData. They are Roche (OTCQX:RHHBY), Sanofi (SNY), and AstraZeneca (AZN). The other two are Merck (NYSE:MRK) and Johnson & Johnson (NYSE:JNJ). In 2028, Roche (OTCQX:RHHBF) and Sanofi (SNY), are projected to be, respectively, the No. 1 and No. 2 top drugmakers in…