KEY TAKEWAYS
Apple's App Store policies were found in violation of Europe's new Digital Markets Act, European regulators said Monday.
Users are not able to be "steered" away from the App Store to make payments and find better offers as easily as they should be, the European Commission alleged.
If the charges are confirmed, Apple…
KEY TAKEWAYS
Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation.
However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts.
While inflation is likely to continue to trend lower, it likely won’t reach…
Established in 1819, Erste Group Bank AG offers financial and banking services. Asset/Liability Management & Local Corporate Center, Retail, Corporates, Group Markets, Savings Banks, and Group Corporate Center are the business segments through which the bank operates. Account managers in the retail network oversee businesses that deal with private individuals, micros, and independent professionals.
The…
Allianz Group, one of the top asset managers and insurers in the world, employs more than 157,000 people globally and serves 125 million* individual and business clients across nearly 70 countries.
The Allianz Group’s total business volume in the 2023 fiscal year was close to 162 billion euros.
At the end of the year, Allianz…
KEY TAKEWAYS
A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year.
The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast.
For consumers,…
Gold’s price remained relatively stable since last report. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. Also please note that…
The UK’s general elections are on July 4, and all analysts and market participants expect Sir Keir Starmer, the leader of the Labour party, to win a landslide victory.
Criticized by those on the right for doing whatever it takes to be in power and those on the left for not being bold enough to change…
Oil prices seem to have stabilised somewhat since last report, in a sign of hesitation on behalf of oil bulls to advance further. In today’s report we are to have a look at the data relating to the US oil market, and continue to view the fundamentals surrounding the international oil market. To conclude the report…
KEY TAKEWAYS
Tesla is expected to release second-quarter delivery numbers Tuesday. Its shares gained today on optimism that the electric vehicle (EV) maker will post solid numbers.
On Monday, Chinese EV rivals posted strong numbers, and their shares were up as well.
Wedbush Securities analysts believe Tesla's growth in China is turning around.
Tesla (TSLA)…
The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares that make it work remained as healthy as ever.
Heading into the second half of the year, the tech sector has momentum on its side…
KEY TAKEWAYS
Target is partnering with Shopify to increase sales on its digital platform.
The agreement expands the offerings Target has on its Target Plus marketplace.
Some Shopify merchants will be allowed to sell their products at Target's physical stores as well.
Target (TGT) shares advanced in intraday trading Monday after the retailer announced a…
KEY TAKEAWAYS
The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures (PCE) index, will be released Friday. The inflation data and a slew of other indicators during the week will be closely watched amid hopes that continued indications of sluggish economic activity could spur the Fed to cut interest rates.
Several Federal Reserve…
KEY TAKEWAYS
Elon Musk announced that Dell Technologies and Super Micro Computer will be providing hardware for his artificial intelligence (AI) project.
Musk said the two companies would be involved in assembling the supercomputer that his startup, xAI, is building.
Dell CEO Michael Dell also noted that Dell was working with Nvidia to create a…
Oil prices continued to be on the rise since last report, and the bullish sentiment for the commodity seems to remain present. In today’s report we are to have a look at the data relating to the US oil market, and continue to view the fundamentals surrounding the international oil prices. To conclude the report we…
KEY TAKEWAYS
As Nvidia, Microsoft, and Apple jostle for the mantle of the world’s most valuable company by market capitalization, watch out for these key chart levels.
Monitor if buyers can defend an uptrend line in Nvidia shares around $87 during periods of profit taking.
A breakdown below a key uptrend line in Microsoft shares…
KEY TAKEWAYS
The Technology Select Sector SPDR Fund (XLK) will likely be forced to buy billions of dollars worth of Nvidia stock—and dump a similar amount of Apple—when it rebalances this week.
Nvidia’s weight in the ETF is expected to nearly quadruple after its float-adjusted market cap exceeded Apple’s at the end of last week.…
In the land of the down under, we highlight RBA’s interest rate decision which is to be released during tomorrow’s Asian session. The majority of market participants are currently anticipating the bank to remain on hold, with AUD OIS currently implying a 97.4% probability for such a scenario to occur.
It should be noted…
KEY TAKEAWAYS
Markets, federal offices, and most banks are closed Wednesday for the Juneteenth national holiday.
Several Federal Reserve officials are scheduled to comment after last week’s interest rate decision and updated economic forecasts.
Earnings reports from homebuilders Lennar and KB Home are scheduled close to several housing-market indicators, including existing home sales and housing…
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was established in 2000. It is one of the biggest global technology and communications service providers. The firm is based in New York City and has operations in over 150 countries. Verizon’s revenues stood at $134. 0 billion in 2023. Verizon offers data, video and voice services, as well…
Oil prices seemed to be on the rise since last report, yet oil bulls seem also to be taking a break over the past 24 hours. Hence today in the report we are to have a look at the data relating to the US oil market, the Fed’s interest rate decision and a wider look at…
KEY TAKEAWAYS
Tesla will hold its annual shareholder meeting on Thursday, with investors voting on whether to reapprove CEO Elon Musk's $55.8 billion pay package.
The compensation plan was approved by investors in 2018, but was struck down by an equity court earlier this year that sided with an investor who sued Tesla, claiming Musk's…