Argentina slashes benchmark rate to 32% amid ongoing inflation crisis
Argentina’s central bank announced on Thursday a dramatic cut in its benchmark interest rate, from 35% to 32%. This is the latest in a string of monetary measures by the…
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Lululemon stock is unlikely to find its mojo again in 2025
Lululemon Athletica Inc (NASDAQ: LULU) is not very likely to command a higher multiple until it manages to lift its US sales, as per Anna Andreeva of Piper Sandler. The…
Uber responds to Waymo, launches robotaxi rides in Abu Dhabi
Uber Technologies Inc (NYSE: UBER) is in focus this morning after teaming up with WeRide to launch robotaxis in Abu Dhabi. WeRide is a self-driving startup that already holds permits…
Chinese stocks rally on stimulus expectations, offsetting declines in Japan and South Korea
Chinese stocks surged to their highest level in two weeks on Friday, driven by growing hopes of fresh stimulus measures ahead of the Central Economic Work Conference next week. The…
Friday’s jobs report: likely outcome and why it may not stop Fed’s December rate cut
The US labor market is poised for a significant rebound in November, following October’s storm-induced slowdown. Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net…
Top 3 US steel stocks that will benefit from Trump 2.0
Goldman Sachs analyst Mike Harris expects the US steel industry to flourish under Donald Trump as the President of the United States. Lower interest rates and steady demand will…
Nikkei, KOSPI, ASX rally as tech surge propels Asian markets after Wall Street record highs
Asian stock markets rebounded sharply on Tuesday, led by gains in the tech sector after Wall Street hit record highs overnight. However, currency markets remained volatile as traders assessed diverging…
CNY/USD: Yuan drops to one-year low as weak growth and US tariff concerns weigh
The yuan tumbled to its weakest level since November 2023, with both onshore and offshore trading seeing declines. This comes despite China’s central bank, the People’s Bank of China (PBOC),…
Sensex and Nifty rise, tracking Asian market cues; metal and financial stocks rally while cigarette stocks decline
Indian benchmark indices extended their winning streak on Tuesday, with the BSE Sensex climbing 450 points (0.56%) to 80,699.04 and the Nifty50 gaining 126 points (0.52%) to trade at 24,402.…
European shares rise on tech and resources; France’s politics weigh, DAX 40 outshines
European equity markets saw a modest rise on Tuesday, with the pan-European STOXX 600 climbing 0.7%, bolstered by a 1.37% gain in technology stocks and a 1.25% rise in the…