October 4, 2021 7:10 am
Last week BMW AG (BMWG) raised its full-year profit margin forecast to a range of 9.5% to 10.5% from a previous range of 7% to 9%, since higher prices for new and used vehicles overshadowed the effect of supply chain-related issues. The auto maker also raised its return on equity forecast in its financial services […]
Read moreOctober 1, 2021 8:49 am
Spot Gold eased from a one-week peak on Friday, as the US Dollar hovered just below a fresh one-year high, mounting pressure on the dollar-priced commodity. A stronger dollar makes Gold more expensive for international investors holding other currencies. Still, a drop in US 10-year Treasury yields limited losses for the yellow metal. “The gold […]
Read moreOctober 1, 2021 7:26 am
Walmart Inc (WMT) said earlier this week that it intended to hire nearly 150,000 new store workers in the United States, with the majority of roles being permanent and full-time, as the retailer prepares for the holiday shopping season. The company also said that many of its store workers would be offered extra hours during […]
Read moreSeptember 30, 2021 8:45 am
Futures on US West Texas Intermediate Crude Oil rose on Thursday, recouping part of the loss from Wednesday following a surprise increase in US oil and fuel inventories. The official report by the US Energy Information Administration (EIA) showed yesterday that crude oil inventories had risen by 4.578 million barrels to 418.5 million barrels during […]
Read moreSeptember 30, 2021 7:17 am
Ford Motor Co (F) has become the second Detroit-based auto maker to require of its US salaried employees to provide information about their vaccination status against COVID-19 in an attempt to comply with broader federal guidelines. Ford’s salaried employees are now required to submit their vaccination status against COVID-19 by October 8th. However, this is […]
Read moreSeptember 29, 2021 9:53 am
Lockheed Martin Corp (LMT) said earlier this week that it had agreed with the Pentagon to deliver 151 to 153 F-35 fighter jets in 2022, or fewer compared to the number it had earlier expected to deliver – 169 aircraft. The defense company also said it would likely deliver 156 such aircraft to the United […]
Read moreSeptember 29, 2021 7:48 am
Endeavor Group Holdings Inc (EDR), which owns the Ultimate Fighting Championship, said earlier this week that it would acquire sports betting business OpenBet from Scientific Games Corp in a $1.2 billion cash and stock deal. Endeavor also said it would combine OpenBet with its existing sports betting business IMG ARENA. The acquisition is expected to […]
Read moreSeptember 28, 2021 9:07 am
AUD/USD bounced off the area of resistance (0.7300-0.7319) on Tuesday, as the US Dollar extended gains from the previous two trading days, supported by expectations of monetary policy tightening by the Federal Reserve. A surge in US bond yields drove the US Dollar Index up to a fresh five-week high of 93.616 on Tuesday. The […]
Read moreSeptember 28, 2021 7:34 am
ASSA ABLOY said on Monday that it had signed a definitive agreement to acquire Arran Isle, a leading designer, manufacturer and distributor of door and window hardware in Ireland and the United Kingdom. The acquisition is expected to be finalized during the fourth quarter of 2021, subject to regulatory approval and customary closing conditions. “I […]
Read moreSeptember 27, 2021 9:00 am
GBP/USD and other risk-sensitive assets rose at the start of the new week, as concerns over a widespread market contagion from indebted property developer China Evergrande Group began to subside. Last Thursday the Sterling surged 0.8% against the dollar after a rather hawkish tone by the Bank of England on interest rates and after two […]
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