Author: FX

© Reuters. FILE PHOTO: A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. October 27, 2022. REUTERS/Carlos Barria (Reuters) -Twitter Inc suffered a major outage on Wednesday, leaving tens of thousands of users globally unable to access the popular social media platform or use its key features. Downdetector, a website that tracks outages through a range of sources including user reports, showed more than 10,000 affected users from the United States, about 2,500 from Japan and about 2,500 from the UK at the peak of the disruption. Reports of Twitter outages fell sharply by…

JP Morgan EUR/CHF outlook for the upcoming year:Stay short EUR/CHF in cashJPM are targeting:0.95 in Q1 20230.92 by the end of 2023JPM citing:CHF’s anti-cyclical properties and the SNB’s bullish policy regime shift for the currency point to further downside for EUR/CHF into 2023The CHF remains one of the best proxies of global growth, serving as a reliable hedge against lingering downside risks to the cycle next yearReal rate differentials and Switzerland’s sustained current account surplus remain bullish CHF tailwinds, particularly vs. EUR. Deleveraging flows should also be CHF-supportive. ADVERTISEMENT – CONTINUE READING BELOW Source link

As China re-opens its economy after three years of isolation notwithstanding the continued surged in COVID-19 cases, the rest of the world is bringing back restrictions on all arrivals from China. According to CNN News,  the US will require all travelers from China to show a negative Covid test result before flying to the country, effective from January 5. Meanwhile, Italy announced that it will commence testing all arrivals from China for Covid and urges European Union countries to follow suit, after the 50% positive test rate on China flights in Milan. The Chosun Ilbo, a South Korean daily, reported…

Prykhodov Courtside Group, which is doing business under the name PodcastOne (PODC), has filed for a direct listing of its shares on Nasdaq. The podcast platform and publisher, which is being spun out of LiveOne, said in a filing that registered shareholders intend to offer up to 6.2M of its shares. LiveOne plans to distribute an additional 1.3M shares as a special dividend to shareholders. The reference price and timing of the listing were not disclosed. PodcastOne hopes to list its shares on Nasdaq under the symbol PODC. PodcastOne will not see proceeds from the sale of shares by registered…

George Frey Generac (NYSE:GNRC) shares jumped 5.6% on Wednesday as Janney Montgomery analyst Sean Milligan started coverage at Buy. He explained that the stock’s steep slide in 2022 has left it undervalued, especially given its growth levers. This includes home devices and battery offerings to supplement its generator business. “Despite near-term headwinds, the core business exhibits secular growth trends,” Milligan wrote. “Having spent a total of $902M on 13 acquisitions since 2019, Generac (GNRC) now has a roadmap to deliver a complete suite of residential solar and storage products to the market.” He assigned a $160 price target to the…

© Reuters. FILE PHOTO: U.S. Rep. Jamie Raskin announces criminal referrals against former U.S. President Donald Trump being sent to the U.S. Justice Department by the committee during the final public meeting of the U.S. House Select Committee investigating the Janu By Gram Slattery WASHINGTON (Reuters) – Jamie Raskin, a Democratic U.S. representative who rose to prominence as the lead manager for former President Donald Trump’s second impeachment trial, has been diagnosed with cancer, he said on Wednesday. “After several days of tests, I have been diagnosed with Diffuse Large B Cell Lymphoma, which is a serious but curable form…

South Korea November data:industrial output s/adj +0.4% m/m (expected -0.8%, prior -1.7%) industrial output -3.7% y/y (expected -4.0%) service sector output s/adj -0.6% m/m retail sales s/adj -1.8% m/m, a third consecutive monthly dropSouth Korea is often referred to as a bellwether for the global economy. The rebound in IP in November is welcome, but I’d suggest that with COVID cases surging in China, and associated disruption to staffing and therefore activity there, the next few months are likely to be rocky. Earlier re China:ADVERTISEMENT – CONTINUE READING BELOW Source link

FTX's Sam Bankman-Fried expected to enter plea next week Source link

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. REUTERS/Brendan McDermid By Echo Wang (Reuters) – Wall Street’s main indexes fell on Wednesday, giving up modest initial gains, on growing concern about a recession in 2023 and surging COVID-19 cases in China, the world’s top oil importer. Apple Inc (NASDAQ:), Alphabet (NASDAQ:) Inc and Amazon.com Inc (NASDAQ:) fell between 0.9% and 2.3% as the recovered from a brief fall to rise for a third straight session. Ten of the 11 sector indexes were lower. Energy stocks were…

Bonds and bond yields have been the markets to trade in 2022 thanks to global central banks’ focus to fight high inflationary conditions with rising interest rates. How did bond prices and interest rates move and will the trends continue in 2023? U.S. 10-Year Treasury Yield vs. Fed Funds Rate U.S. 10-Year Treasury Yield vs. Fed Funds Rate by TradingView We’ve got another potential longer-term setup on the watchlist, this time focusing on arguably the biggest theme of 2022, which will likely continue to be a big focus in early 2023: inflation and interest rates!  If you recall, inflation rates…