Author: Anthony M. Orbison
Investing.com – Australia stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in Sydney, the lost 1.70% to hit a new 1-month low. The best performers of the session on the were Mesoblast Ltd (ASX:), which rose 54.04% or 1.07 points to trade at 3.05 at the close. Meanwhile, Credit Corp Group Ltd (ASX:) added 7.65% or 1.16 points to end at 16.33 and Insignia Financial Ltd (ASX:) was up 4.35% or 0.15 points to 3.60 in late trade. The worst performers of the session were Megaport Ltd…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
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The shipping and logistics industry has faced the Great Freight Recession since about March 2022 with major companies filing for bankruptcies and some ceasing operations.Some recent reports claimed that the freight recession might be ending with rising truckload rates. Also, an increase in tender rejections to 6%, as reported by FreightWaves, may mean truckers are becoming more discriminating in choosing between multiple freight shipping requests. 💸💰 Don’t miss the move: Subscribe to TheStreet’s free daily newsletter 💰💸That could also be a sign that economic conditions might have improved and the freight recession is winding down.Related: Disasters force key energy company…
XRP price started a fresh decline below the $2.350 zone. The price retested the $2.20 support zone and is currently attempting a recovery wave. XRP price started a fresh decline from the $2.720 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.40 resistance. XRP Price Dives To $2.20 XRP price failed to start a fresh increase above the $2.50 level…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks slipped and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts in the coming year, while the Bank of Japan kept rates steady, as expected. The yen weakened to touch a one-month low of 155.43 per dollar after the decision. The yen is down more than 8% this year against the dollar and is set for a fourth straight year of decline. The BOJ’s decision comes as the yen hovers around the 155 per dollar mark, the weaker…
HANOVER, Germany (Reuters) – Talks between Volkswagen (ETR:) and labour unions over plant closures and pay cuts are expected to last well into Thursday as both sides have still not reached a deal, according to two people familiar with the matter. Talks have continued since Monday in the hope of reaching an agreement before Christmas to avert massive strikes that the IG Metall union has warned could start as soon as next year. Talks could still fall apart, the people said. Volkswagen declined to comment. IG Metall was not immediately available for comment. Source link
Follow Nikolaus On 𝕏 Here For Daily Posts Yesterday, BlackRock released a new video aimed at educating people interested in Bitcoin on the asset class.The video is quite good, honestly. I think they took inspiration from Saifedean Ammous’ book “The Bitcoin Standard,” which discusses the history of money from the beginning of time and how it has changed and evolved throughout history. Launched in January, IBIT has now topped $50 Billion in assets as investors are increasingly using the ETP to get efficient exposure to bitcoin’s price. Yet many investors are still relatively new to the digital assets space. For…
The Bank of Japan opted to keep interest rates on hold on Thursday as doubts remain over the growth prospects of the global economy and whether Japan’s wage-driven inflation is sustainable.The decision, which leaves the overnight call rate steady at 0.25 per cent, followed the BoJ’s final two-day monetary policy meeting of 2024. The meeting straddled Wednesday’s decision by the US Federal Reserve to cut rates by a quarter of a percentage point, but to simultaneously signal a slower pace of rate cuts next year. That move caused the US dollar to rise sharply against the yen, pushing the Japanese…
Elon Musk was extremely vexed.Tesla’s (TSLA) CEO took to X, his social-media platform, to rail against a stopgap measure that congressional leaders introduced to keep the government running for the next three months.Related: Analyst revamps Tesla stock price target after EV-outlook reviewThe 1,500-page measure has dozens of add-ons, including a provision that puts an automatic cost-of-living increase into effect for lawmakers, who have not received a pay raise since 2009.”How can this be called a ‘continuing resolution’ if it includes a 40% pay increase for Congress?” Musk wrote on Dec. 18.The average member of Congress earns $174,000 a year, while…