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Alcoa Stock Rises After Company Sells Stake in Saudi Arabia Joint Venture

Alcoa said it was selling off its stake in a Saudi Arabia joint venture to improve its long-term competitiveness. Alcoa announced it is selling its 25.1% stake in a joint venture with Saudi Arabia Mining Company (Ma’aden) to enhance its long-term competitiveness. The transaction is valued at $1.1 billion, consisting of Ma’aden stock and cash,…

ByPexecoSeptember 16, 20240Comments

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Federal Reserve Poised for First Rate Cut Since 2020 as Inflation Eases and Job Market Weakens

The Federal Reserve is poised to deliver its first interest rate cut since 2020 next week, a move that consumers, businesses and investors alike have been eagerly awaiting. The Federal Reserve is widely expected to lower its benchmark interest rate when it meets on Wednesday, marking the first rate cut in more than four years.…

ByPexecoSeptember 14, 20240Comments

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European Car Stocks Sink Amid Weaker China Demand

European car manufacturers, including BMW, Mercedes-Benz, and Volkswagen, are experiencing sharp stock declines due to weak demand in China, increasing competition, and the high cost of electric vehicles (EVs). Investor confidence in the sector has plummeted, pushing market valuations for major automakers to near record lows. BMW’s shares fell by 11.2% on Tuesday, the largest…

ByPexecoSeptember 13, 20240Comments

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Moderna Stock Drops on Plans To Cut $1.1B in R&D Costs

Moderna shares dropped sharply Thursday morning after the COVID-19 vaccine maker announced plans to scale back its research and development (R&D) efforts in a bid to reduce costs. The company will now concentrate on securing FDA approval for 10 key products, including vaccines for respiratory syncytial virus (RSV), cancer treatments, and a combination COVID-19 and…

ByPexecoSeptember 12, 20240Comments

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Asian Markets Dip Following US Presidential Debate; Wall Street Mixed

Asian benchmarks slipped on Wednesday after a mixed close on Wall Street, where traders monitored the potential market impact from the overnight US presidential debate between Vice President Kamala Harris and former President Donald Trump. The debate coincided with uncertainty in the financial markets, causing fluctuations in currencies and stocks. The US dollar, which has…

ByPexecoSeptember 11, 20240Comments

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Trump vs. Harris: Economic Visions Clash in Upcoming Debate

Former President Donald Trump and Vice President Kamala Harris are set to present their contrasting economic visions in a highly anticipated televised debate on Tuesday night. With key issues like inflation, taxes, and student loan debt on the agenda, the two candidates will have the opportunity to directly challenge each other's policies. Trump has consistently…

ByPexecoSeptember 8, 20240Comments

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Germany’s Struggle with Energy Transition

After the news that Europe's largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn't just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve. As European car companies grapple with the phasing out of combustion engines and…

ByPexecoSeptember 7, 20240Comments

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Donald Trump Vows to Make America the “Crypto Capital of the Planet” if Re-Elected

Donald Trump is promising to make America the "crypto capital of the planet" if he returns to the White House.Donald Trump is promising to make America the "crypto capital of the planet" if he returns to the White House. Donald Trump is pledging to transform America into the "crypto capital of the planet" if he…

ByPexecoSeptember 5, 20240Comments

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Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Canada has announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla, as part of a broader strategy to align with Western allies and protect domestic manufacturers. Tesla's shares fell by 3% on Monday following the announcement. The Canadian government revealed a 100% levy on Chinese-made EVs and a 25% levy…

ByPexecoAugust 27, 20240Comments

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British Pound Surges Amid Fed’s Dovish Shift

The British pound surged to its highest level against the US dollar, driven by the Bank of England's more hawkish stance compared to the Federal Reserve's outlook at the Jackson Hole Symposium last Friday. The pound also rose sharply against other G-10 currencies following the symposium, a key event hosted by the Federal Reserve in…

ByPexecoAugust 26, 20240Comments

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European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

News

Alcoa Stock Rises After Company Sells Stake in Saudi Arabia Joint Venture

Federal Reserve Poised for First Rate Cut Since 2020 as Inflation Eases and Job Market Weakens

European Car Stocks Sink Amid Weaker China Demand

Moderna Stock Drops on Plans To Cut $1.1B in R&D Costs

Asian Markets Dip Following US Presidential Debate; Wall Street Mixed

Trump vs. Harris: Economic Visions Clash in Upcoming Debate

Germany’s Struggle with Energy Transition

Donald Trump Vows to Make America the “Crypto Capital of the Planet” if Re-Elected

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

British Pound Surges Amid Fed’s Dovish Shift