Micron Technology (MU) – Get Free Report shares slumped lower in in pre-market trading after the memory chip maker forecast further near-term losses despite an expected boost from a supply deal with AI market leader Nvidia Read more…
Peloton Interactive (PTON) – Get Free Report shares surged higher in early Thursday trading after the connected fitness group reached a five-year content and apparel partnership with Lululemon Athletic (LULU) – Get Free Report. The deal, Read more…
The Bureau of Labor Statistics will publish its estimate of new applications for jobless benefits Thursday as investors continue to re-price Federal Reserve rate bets amid hawkish signaling from officials and surprisingly resilient job market. Read more…
U.S. equity futures bumped higher in pre-market trading, while the dollar slipped lower and market volatility gauges steadied, as investors looked for relief from the relentless rise in Treasury bond yields while tracking key jobless Read more…
Ive (pictured) has been brainstorming ideas for the device with OpenAI CEO Sam Altman. | Photo by Jerod Harris/Getty Images for Vox Media Apple’s former chief design officer, Jony Ive, is reportedly in discussions with Read more…
Eurozone Economic Sentiment Indicator dropped slightly from 93.6 to 93.3 in September, down for the fifth month. Employment Expectation indicator rose from 102.2 to 102.7. Economic Uncertainty Indicator rose from 19.8 to 21.5. Eurozone industry Read more…
Australia’s retail sales decelerate to 0.2% The Australian dollar is in positive territory on Thursday after three straight daily losses in which AUD/USD lost over 1% and hit an 11-month low. In the European session, Read more…
USD/JPY edged lower from new multi-month high in early Thursday’s trading, as bulls approached psychological 150 barrier and started to face headwinds. Overbough daily studies and possibility that Japanese officials may intervene around 150 level, Read more…
Market picture Crypto market capitalisation rose 0.7% in 24 hours to 1.053 trillion. This is a return to the levels seen at the end of last week. Cryptocurrencies saw increased buying when equity markets were Read more…
In the Joint Economic Forecast by five leading economic institutes, Germany is bracing for an economic contraction of -0.6% in 2023, a significant downward adjustment by 0.9% from the spring 2023 prediction. Nevertheless, the silver Read more…