Tag Archives: interest rate hikes

Advanced Micro Devices (NASDAQ: AMD) surged 25% in premarket trading after announcing a multi-year strategic partnership with OpenAI to supply cutting-edge artificial intelligence (AI) chips — a deal that could generate tens of billions of dollars in annual revenue for the chipmaker. Strategic Partnership Details The agreement grants OpenAI the …

Intel shares surged nearly 30% in pre-market trading Thursday, crossing above $32 for the first time since July 2024, after Nvidia announced a landmark $5 billion investment in the chipmaker. Details of the Investment Nvidia confirmed it would purchase $5 billion worth of Intel stock at $23.28 per share, cementing …

Citigroup (NYSE: C) posted a significant 25% year-on-year rise in net income for the second quarter, driven by windfall earnings from volatile markets. The bank’s net income reached $4 billion, or $1.96 per share, for the three months ending June 30. Key Financial Metrics: Revenue increased by 8% to $21.7 …

The U.S. labor market experienced a significant slowdown in October, with nonfarm payrolls adding just 12,000 jobs, far below the expected 106,000. This steep drop comes after September’s revised 223,000 job increase, as the Labor Department indicated that severe hurricanes in the Southeast and strikes in manufacturing weighed heavily on …

In October, U.S. private payroll growth exceeded forecasts, adding 233,000 jobs, as reported by the ADP National Employment Report. This growth followed an upwardly revised increase of 159,000 in September, well above the 114,000 jobs economists had anticipated. The ADP report, created with Stanford’s Digital Economy Lab, precedes Friday’s comprehensive …

The Bank of England (BoE) has maintained interest rates at 5% following a split decision within its Monetary Policy Committee (MPC). Despite inflationary pressures easing, the MPC opted to hold rates steady, signaling a cautious approach to monetary policy.The decision has had a significant impact on the pound sterling, which …

U.S. private payrolls grew at a slower pace than expected in May, signaling a potential cooling in the labor market. According to ADP, companies added 152,000 workers during the month, falling short of economists’ forecasts of 173,000 and lower than the downwardly revised figure of 188,000 for April. This report …

On Monday, market dynamics suggest a potential rally in the USD/JPY pair. Throughout May, the US dollar exhibited weakness, while risk sentiment strengthened due to expectations of monetary policy easing by the Federal Reserve. Despite this trend, markets are seeking a new catalyst, aside from economic data, to drive significant …

Oil prices continued their ascent on Friday, poised to mark a second consecutive week of gains, buoyed by geopolitical tensions in Europe and the Middle East, concerns over dwindling supplies, and optimism surrounding global fuel demand as economies recover. Brent crude surged by 49 cents, or 0.5 percent, reaching $91.14 …

On Thursday, the Nikkei index closed higher as investors seized the opportunity to buy stocks following a recent bout of profit-taking amidst the start of the new fiscal year. The Nikkei advanced by 0.81 percent at the close, reaching 39,773.14 points, after peaking during the session with a gain of …