Author: FX
On 1st March 2023 (Wednesday), Tesla Inc shall host a special event, namely Investor Day. According to the official statement of the EV behemoth, investors are expected to learn more about the company’s most advanced production line, long term expansion plans, generation 3 platform, capital allocation and other relevant subjects. “The path to a fully sustainable energy future for Earth… the future is bright!” – Elon Musk, Tesla CEO Being the third iteration of Tesla’s strategic vision (after the first “Master Plan” and the second “Master Plan, Part Deux”), investors expect to gauge more information about the long-promised $25,000 EV…
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.9630</p><p>—</p><p>The USD continued to gain after the inflation data on Friday. The People's Bank of China getting on board by weakening the onshore yuan. Big time. 600+ points lower from Friday's mid rate. This is the biggest one-day weakness in the onshore yuan setting since July last year. </p><p>PBoC injects 336bn yuan of…
Share: Gold price is expected to continue its four-day losing streak amid hawkish Fed bets. Investors should be prepared for a surprise rise in US Durable Goods Orders as the households’ demand has accelerated lately. Gold price is trading in a Falling Channel chart pattern in which every pullback is considered a selling opportunity. Gold price (XAU/USD) is demonstrating a topsy-turvy auction around $1,810.00 in the Asian session. The precious metal is expected to continue its four-day losing streak after surrendering the immediate support of $1,809.00 as Federal Reserve (Fed) policymakers see interest rates above 5% after January’s…
haveblue/iStock via Getty Images Union Pacific Corp. (NYSE:UNP) said it’s looking for a successor to replace chief executive officer Lance Fritz to run the railroad operator. Union Pacific’s board plans to name a successor who will assume the CEO role this year, according to a statement from the company earlier Sunday. The Union Pacific news come after a report earlier Sunday from the WSJ that hedge fund Soroban Capital Partners was pushing to replace Fritz. Soroban is a large holder of Union Pacific (UNP) with a more than 1% stake valued at about $1.6 billion. Soroban is said to want…
© Reuters. FILE PHOTO: Smartphone is seen in front of Microsoft logo displayed in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Supantha Mukherjee and Martin Coulter BARCELONA (Reuters) – Microsoft (NASDAQ:) has unveiled previews of two AI-powered services designed to manage telecom networks, drawing on the same capabilities used to manage the tech giant’s Azure cloud platform. Operators can benefit from advanced artificial intelligence that helps to unlock new business opportunities from data on and insights into their operations — including the rollout of high-speed 5G networks — the company said in a blog post. Microsoft first…
Earlier news on this is here for background:UK’s Raab says “on the cusp” of a deal with the EU over Northern IrelandUK – EU Northern Ireland protocol. Sunak, Von Der Leyen press conference coming MondayIf a deal has been struck there are still obstacles to overcome. Such as (in brief):Eurosceptics within Sunak’s own party, along with the Northern Ireland Democratic Unionist Party (DUP) will not support a deal unless EU law is “expunged” from Northern IrelandThere is so far no information available on whether MPs will be voting on any deal proposalThere is so far no information on the deal…
Share: GBP/USD is looking vulnerable above 1.1940 amid the risk-off market mood. The USD Index is gathering strength to reclaim the immediate resistance of 105.00 amid hawkish Fed bets. Downward-sloping 20-and 50-period EMAs add to the downside filters. The GBP/USD pair is displaying a volatility contraction around 1.1940 in the early Tokyo session. The Cable looks set to deliver further weakness as a fresh renewal in the Federal Reserve’s (Fed) hawkish bets has strengthened the US Dollar. S&P500 futures witnessed immense pressure last week on hopes that more rates are in pipeline by the Fed as the United…
Workday Q4 2023 Earnings Preview Source link
© Reuters. A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, U.S., Septembe (Reuters) – U.S. railroad Union Pacific (NYSE:) on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023. “Union Pacific has been my home for 22 years and I am confident that now is the right time for Union Pacific’s next leader to take the…
Weekend comments from a member of the European Central Bank Governing Council and Governor of the Banca d’Italia Ignazio Visco. He spoke in a Bloomberg TV interview. Visco said the ECB will increase interest rates as much as required to get inflation back down to 2% and that its not possible to predict what the terminal rate will be:“I don’t think that we can indicate now what the terminal rate will be, not even if it’ll be 3.5%, 3.25% or 3.75%, because really it is data-dependent” “Our objective is to go back to an inflation rate of 2% in the…