March 7, 2025 11:57 am
Key moments Pound Sterling Gains: GBP advances against the USD, approaching 1.2940 ahead of key US economic data. BoE Dissent: Catherine Mann argues against gradual policy easing amid heightened market volatility. USMCA Tariff Exemptions: President Trump postpones tariffs on certain goods from Canada and Mexico. GBP Tests 1.2940 as Markets Weigh BoE Dissent, USMCA Changes, […]
Read moreMarch 7, 2025 10:49 am
Key moments Intuitive Machines’ stock plummeted 50% in 24 hours after its Athena lander’s uncertain lunar touchdown. Shares, closing at $11.26 on Thursday, dipped below $8 post-market, reaching a $7.05 low on Friday. The Athena mission’s landing difficulties echo past issues with the Odysseus lander. This pattern of landing precision problems has significantly diminished investor […]
Read moreMarch 7, 2025 9:43 am
Key moments Sharp Price Increase: Arabica coffee futures, serving as a primary reference point for setting prices in the global coffee trade, experience an almost 70% surge since November, impacting global trade. Reduced Purchasing: Traders and roasters minimize purchases due to price volatility and retail resistance. Inventory Decline: Coffee warehouses report significantly reduced stock levels, […]
Read moreMarch 7, 2025 9:29 am
Key moments Costco’s stock experienced a 2% drop to $1,026.62 following its Q2 FY2025 earnings release. The market’s reaction was primarily due to an EPS miss, with $4.02 falling short of the anticipated $4.11. Costco’s net sales soared to $62.53 billion, marking a 9.1% year-over-year increase. Revenue exceeded forecasts at $63.7 billion, and comparable sales […]
Read moreMarch 7, 2025 8:02 am
Key moments VIX reached a near-three-month high, triggering a bearish signal indicating potential stock market weakness. Increased volatility is driving investors towards safe-haven assets like US Treasuries, gold, and certain currencies. Rising VIX levels are widening corporate bond spreads and causing emerging market currency depreciation. VIX Surged to Nearly Three-Month High, Signaling Increased Market Volatility […]
Read moreMarch 7, 2025 7:52 am
Key moments Bitcoin failed to stay above the $90,000 threshold on Friday. The 5.7% drop, testing $85,000, followed the $92,000+ surge Bitcoin experienced on Thursday. The U.S. government’s strategic Bitcoin reserve, intended to stabilize the market, instead fueled uncertainty. Major funds like BlackRock and Grayscale reported substantial withdrawals, and the significant outflows from Bitcoin spot […]
Read moreMarch 6, 2025 2:59 pm
Key moments The company’s stock exhibited significant strength, consistently holding above 790p and regaining levels above 800p after a brief dip. Rolls-Royce’s stock surge, up over 30% since February, stems from rising defense stock values, increased global defense spending, and CEO Erginbilgic’s strategic leadership. The CEO’s total compensation package has decreased by nearly £10 million. […]
Read moreMarch 6, 2025 1:53 pm
Key moments Ethereum successfully remained above the $2,250 mark on Thursday A key indicator of renewed confidence was the reversal of a ten-day outflow trend, with data showing $20 million in spot inflows. Stability concerns surfaced when Ethereum faced technical challenges with its Pectra upgrade, but developers quickly resolved a bug on the Sepolia testnet. […]
Read moreMarch 6, 2025 1:29 pm
Key moments Visionary Holdings secures a $1 billion financing consent letter from Qatar’s Alfardan Group for EV expansion. The company’s stock price experiences a significant 68% surge following the financing announcement. Investors express concerns regarding the substantial funding relative to the company’s existing market capitalization. Education Technology Firm’s Bold Move into Electric Vehicles Raises Questions […]
Read moreMarch 6, 2025 12:20 pm
Key moments CEO Auchincloss’s compensation decreased by £2.3 million to £5.4 million after BP’s profits dramatically declined in 2024. The company’s earnings fell 35% to £7.2 billion, negatively impacted by sliding oil and gas prices compared to the previous year. BP’s 5-year share performance lagged behind rivals and remained flat while Exxon Mobil’s and Shell’s […]
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