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Klaviyo Set for Strong Wall Street Debut With Shares Potentially 20% Above IPO Price
September 21, 2023 04:14 AM AEST| By InvestingDigital marketing software firm, Klaviyo Inc., is poised for a robust debut on the New York Stock Exchange (NYSE) today. Early signs from the NYSE suggest that the company's shares, trading under the
Brazil’s Bndes Boosts Infrastructure Funding, Amplifying Impact Through Local Debt Purchases
September 21, 2023 04:08 AM AEST| By InvestingBrazil's national development bank, BNDES, is set to ramp up its funding for infrastructure projects by two-thirds this year, directing 20 billion reais ($4.1 billion) mainly through the acquisition o
Dormant Bitcoin Caches Come Alive, Stirring Market Interest
September 21, 2023 04:06 AM AEST| By InvestingOn Wednesday, a significant amount of Bitcoin (BTC/USD) that had been inactive since 2012 suddenly became active, marking a noteworthy event in the cryptocurrency world. The dormant Bitcoin, which saw
Federal Reserve’s Rate Hikes Impact Various Economic Sectors
September 21, 2023 04:06 AM AEST| By InvestingThe Federal Reserve's recent decisions have led to a surge in interest rates, affecting multiple areas of the economy such as credit cards, car loans, mortgages, and student loans. The benchmark rate
Philippine stocks endure fourth day of losses ahead of US Federal Reserve's policy meeting
September 21, 2023 04:02 AM AEST| By InvestingPhilippine stocks experienced a fourth consecutive day of losses on Wednesday, with the Philippine Stock Exchange index (PSEi) closing at 6,041.04, a drop of 6.93 points or 0.12 percent. Meanwhile, th
Bank of Canada Grapples With Pandemic Paradox of Surging Savings and Debt
September 21, 2023 04:00 AM AEST| By InvestingThe Bank of Canada has been navigating a complex economic landscape since the onset of the COVID-19 pandemic, marked by a rapid cycle of interest rate cuts and subsequent tightening to combat inflatio
Wall Street and European Markets Rise in Anticipation of Federal Reserve’s Pause in Rate Hikes
September 21, 2023 04:00 AM AEST| By InvestingWall Street and European stock markets rose on Wednesday as traders anticipated a pause in the US Federal Reserve's interest rate hike campaign. The main indices on Wall Street opened higher, while ma
Fed Maintains Interest Rates Amid Economic Uncertainties, Potential Future Rate Cut Anticipated
September 21, 2023 04:00 AM AEST| By InvestingThe Federal Reserve is expected to maintain its benchmark interest rate, currently at a 22-year high, in its policy statement set to be released today, Wednesday. The market widely anticipates this mo
Cullen/Frost Bankers’ Growth Trajectory Continues Amid Texas Expansion
September 21, 2023 03:54 AM AEST| By InvestingCullen/Frost Bankers (NYSE:CFR), Inc. is witnessing an upward trend in its loan balances and net interest income (NII), while consistently distributing capital, according to recent company reports. De
Dollar General Shares Downgraded by Jpmorgan Amid Consumer Financial Strain
September 21, 2023 03:52 AM AEST| By InvestingJPMorgan (NYSE:JPM) has downgraded Dollar General (NYSE:DG) stock from Neutral to Underweight, citing increasing financial pressures on the company's core low-to-middle-income consumers. The downgrade
Ethereum Value Dips as Large Holders Move Coins to Exchanges
September 21, 2023 03:48 AM AEST| By InvestingEthereum's value against Bitcoin has reached a 14-month low, with the ETH-BTC ratio dipping to near 0.0602, its lowest since July last year. This trend, which began over a year ago, supports market an
Fed Maintains Key Rate, US Stocks Gain Despite Rate Hike Concerns
September 21, 2023 03:46 AM AEST| By InvestingOn Wednesday, the Federal Reserve maintained its key interest rate in the range of 5.25%-5.50%, sparking a moderate rise in U.S. stock index futures. Despite the gains, investor sentiment remained cau
Dollar General faces downgrade by JPMorgan amidst consumer stress and declining sales
September 21, 2023 03:46 AM AEST| By InvestingDollar General (NYSE:DG) has received a downgrade from JPMorgan (NYSE:JPM), marking the worst rating the bank has ever given to the retail giant. The downgrade was announced after Dollar General's CFO
Apollo Economist Warns of Corporate Default Wave Due to High Interest Rates
September 21, 2023 03:46 AM AEST| By InvestingApollo Global Management (NYSE:APO)'s lead economist, Torsten Slok, issued a warning on Wednesday about the potential exacerbation of the ongoing corporate default wave, should the Federal Reserve mai
Gold Prices Show Slight Dip Ahead of Anticipated Federal Reserve Decision
September 21, 2023 03:46 AM AEST| By InvestingGold prices experienced a minor decline on Wednesday as investors adopted a cautious stance in anticipation of the Federal Reserve's imminent interest rate decision. The precious metal's price was fur
Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan
September 21, 2023 03:44 AM AEST| By InvestingJPMorgan (NYSE:JPM) strategists have warned of a potential surge in Brent crude prices to $120 per barrel, a situation that could significantly affect global economic growth. This forecast is based on
Pinterest shares rally following optimistic investor meeting and analyst upgrades
September 21, 2023 03:44 AM AEST| By InvestingPinterest (NYSE:PINS) shares experienced a surge on Wednesday, following an investor meeting where CEO Bill Ready made encouraging remarks about the company's growth and future prospects. This develop
Oracle’s Ellison Touts Generative AI as a Game-Changer in Tech Industry
September 21, 2023 03:40 AM AEST| By InvestingOracle (NYSE:ORCL) Chief Technology Officer and founder Larry Ellison has expressed high hopes for the future of generative artificial intelligence (AI), calling it a revolutionary breakthrough that w
Federal Reserve may extend rate hikes till late 2024, says Vanguard
September 21, 2023 03:38 AM AEST| By InvestingVanguard, the mutual fund firm with $8.1 trillion in managed assets as of August, recently suggested that the Federal Reserve might need to extend its interest rate hikes beyond current expectations.
South Koreans Report $99 Billion in Overseas Crypto Assets, Tax Scrutiny Intensifies
September 21, 2023 03:38 AM AEST| By InvestingSouth Korean individuals and corporations have reported overseas cryptocurrency assets, including Bitcoin (BTC), amounting to approximately 131 trillion won ($99 billion) for this year, according to t
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