Higher crude oil prices and comments from Bank of Canada Governor Tiff Macklem that the central bank is getting closer to start cutting rates from over 2-decade highs, indicate a positive start for Canadian shares on Thursday. The market is also likely to benefit from Fed Chair Jerome Powell\'s comments that the next rate move...
Alaska Airlines (ALK) announced Tuesday an investment in JetZero, a company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. The investment reflects Alaskas commitment to advance new technology that will benefit the future of aviation, including those that enable the airlines path to net...
European stocks closed higher on Monday with investors largely making their moves reacting or looking ahead to earnings updates, and digesting some corporate news. Investors also awaited the European Central Banks upcoming decision, expecting a 25 bps rate cut later this week. Data showing much less than expected growth in Chinas exports and imports in...
JAKARTA. PT Jaya Konstruksi Manggala Pratama Tbk (JKON), a construction services issuer, announced dividend income of IDR21.16 billion. CF Jopi Sulistio, Corporate Secretary of JKON, said that the dividend income was obtained from PT Jaya Beton Indonesia (JBI). The implementation of the transaction [dividend receipt] does not have a material impact on the companys operational...
As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates. This positions Bitcoin at a precarious juncture, especially as the market braces for...
The Canadian market rose to a record high on Thursday, with stocks from the materials sector hogging the limelight as metal prices climbed higher. Utilities, industrials, consumer staples and energy sectors were among the other notable gainers. Easing concerns about U.S. inflation and rising prospects of a few interest rate cuts by the Federal Reserve...
Rumors are spreading like wildfire across the crypto grapevine that the state of Qatar could be making a huge, possibly multibillion-dollar huge, Bitcoin (BTC) bet soon. At least one article claims the Middle Eastern nation may have already made the leap and purchased 50,000 BTC in a series of daily installments of 100 BTC each....
Image by Brian Yue, MidjourneySean Patrick Maloney pledged last week to stop advising on crypto issues if he is confirmed as U.S. representative to the Organization for Economic Cooperation and Development (OECD). Maloney reportedly sent a letter to Massachusetts Senator Elizabeth Warren on February 9, committing to resign from private-sector advisory roles and abstaining from decisions...
Indian shares are seen opening on a flat note Tuesday after some officials said interest rates were likely to remain unchanged in the near term. Geopolitical tensions may also weigh on markets as Israel commenced its planned military offensive in Rafah hours after it rejected Hamas\'s proposal for a ceasefire in Gaza. Benchmark indexes Sensex...
The Switzerland market ended modestly higher on Friday after a choppy session. The mood remained positive almost right through the days session thanks to data showing a sharp surge in the nations industrial output, and on hopes the Federal Reserve will start cutting interest rates in September. Lindt & Spruengli, Swiss Re, Julius Baer, Logitech...