Category Archive: Finance, No picture
Uber CEO Dara Khosrowshahi On Q3 Earnings, Inflation Impact And Freight Business
Photo by Paul Hanaoka on Unsplash Uber CEO Dara Khosrowshahi joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, which missed analysts’ expectations on the top and bottom lines but showed strength in other areas such as gross bookings, the impact of inflation, future of freight business, self-driving challenges, and more.Video Length: 00:05:58More By […]
Central Bank Gold Buying Continued Unabated In September
Image Source: Unsplash Central banks continued to gobble up gold.Reported central bank gold reserves expanded by a net 77 tons in September with nine countries buying a ton or more.With September’s purchases, central banks added a net 337 tons of gold in Q3. It was the second-highest third-quarter total on record behind 2022.China continued to be […]
Dollar Up Across The Board
Photo by Adam Nir on UnsplashIt’s been one of those days where everything out there is down against the US Dollar. Currencies are lower across the board, US equity futures are pointing to a lower open, commodities are down, and even crypto has pulled back.Video Length: 00:01:19 More By This Author:What The Market Wants Is Not […]
The Dollar’s Recovery Has Been Extended, But It May Give North American Operators A Better Selling Opportunity
Image Source: Unsplash Overview: The dollar’s sell-off last week was extreme and it recovered yesterday and through the European session today. The Australian dollar has been hit the hardest. It is off more than 1% today after the RBA lifted the cash rate by 25 bp (to 4.35%). Still, the US dollar’s gains have stretched intraday momentum […]
FX Daily: Waiting For The Fed Pushback
Image Source: Unsplash FX markets are consolidating after a few risk-on days. We have seen some strange price action on the back of the RBA’s 25bp hike and some mixed Chinese data. For today, it looks like a relatively quiet session, although the focus will be on how aggressively the line-up of Fed speakers wants to […]
OPEC+ Countries Will Maintain Crude Oil Production Cuts Until The End Of The Year
Image Source: Unsplash At Monday’s stock market close, the Dow Jones Index (US30) added 0.10%, while the S&P 500 Index (US500) increased by 0.18%. The Nasdaq Technology Index (US100) closed positive by 0.30% on Monday. Stocks rose on Monday on the back of positive developments from last Friday, when a weaker-than-expected October US jobs report and October ISM services report showed a […]
New Home Prices Falling Slowly, Still Fully Unaffordable
New home prices are trending downward. They’re falling, but they are falling very slowly.But because mortgage rates have been rising, they’ve become fully unaffordable for the typical American household. The average 30-year conventional fixed-rate mortgage now has an interest rate approaching 8%. Mortgage rates have doubled since 2019.What does doubling the average mortgage rate do to the […]
Slightly Smaller US Corn & Soybean Crops Dip Ending Stocks This Month
Photo by Meredith Petrick on Unsplash Market AnalysisAfter declining US corn & soybean monthly yields since Aug for the 2nd year in a row, the trade is expecting stability to a slight increase in 2023’s November Thursday report. This year’s erratic US growing season began when Central US dryness advanced into late June before moderate […]
Crude Oil Futures: Extra Retracements In Store
Image Source: UnsplashOpen interest in crude oil futures markets dropped by around 1.4K contracts on Monday, extending the erratic performance seen as of late according to preliminary readings from CME Group. Volume followed suit and went down by nearly 313K contracts after five consecutive daily builds.WTI: Next on the downside comes $78.00WTI prices rose marginally and closed […]
Berkshire Hathaway Got A Big Boost From This Business In Q3
Image Source: UnsplashBerkshire Hathaway (BRK-A) (BRK-B), the conglomerate run by Warren Buffett, was trading lower on Monday, down about 2% as of 2:30 p.m. Eastern.The drop likely stemmed from the release of the company’s third-quarter earnings on Saturday (yes, Saturday), when it posted a net loss of $12.8 billion, or $5.88 per share.However, if you look […]
