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Australian Dollar struggles despite the weaker US Dollar amid rising likelihood of Fed rate cuts.China’s Caixin Manufacturing Purchasing Managers’ Index climbed to 50.5 in August from 49.5 in July.San Francisco Fed President Mary Daly said that policymakers are preparing to lower interest rates soon.The Australian Dollar (AUD) loses ground after four days of gains. However, the AUD/USD may further advance as the US Dollar (USD) struggles amid rising bets of a US Federal Reserve (Fed) rate cut in the September meeting. United States (US) markets will be closed on Monday for the Labor Day holiday.The AUD/USD pair holds losses following…
Nestlé SA has its third chief executive in little more than a year, after the Swiss-based food conglomerate fired CEO Laurent Freixe on Monday due to an improper romantic relationship with a subordinate.
NZD/USD gathers strength to near 0.5905 in Monday’s Asian session. China’s Caixin Manufacturing PMI unexpectedly rose to 50.5 in August, stronger than expected. Fed’s Daly said policymakers will be ready to lower interest rates soon.The NZD/USD pair attracts some buyers to around 0.5905 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) after China’s August Caixin Manufacturing Purchasing Managers Index (PMI) report. The US market is closed on Monday due to the Labor Day holiday. Data released by Caixin Insight Group on Monday showed that China’s Manufacturing PMI rose to 50.5 in August from…
Adam Osmond gambled away a fortune on lottery games, but he eventually sought help.
Marvell Technology dumps over 16% after Q2 earnings.Marvell missed Q2 revenue projections, but Wall Street is more concerned with Q3 outlook.Michigan Consumer Sentiment and Expectations miss forecasts.As Wall Street cuts price targets, MRVL could sink back to $48.Marvell Technology (MRVL) had a solid quarter. But you wouldn’t know that from the over 16% drop in its share price on Friday.The 30-year-old semiconductor company, valued for its AI system-on-a-chip (SoC) integrated circuits used in artificial intelligence (AI) applications, reported adjusted earnings per share (EPS) of $0.67, in-line with Wall Street consensus, and revenue of $2.01 billion that rose more than 57%…
“When my wife’s mom passed away, the eldest brother took on the role as executor.”
The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation pressure, markets are still banking on a September rate cut.The Dow Jones Industrial Average (DJIA) softened on Friday, easing back below 45,500 as stocks retreated due to another uptick in US Personal Consumption Expenditures Price Index (PCE) inflation figures. Despite rising inflation pressures, markets are still betting that the Federal Reserve (Fed) will deliver a fresh interest rate cut in September.Equities falter post-PCE but only slightlyThe Dow Jones is down, but certainly not out. The major equity index…
Gas prices are heading for their lowest Labor Day levels since 2020 as oil prices slump.
Highlights include US NFP, ISM PMIs, EZ Flash CPI, UK Retail Sales, and Canada Jobs Newsquawk Week Ahead: Highlights1st – 5th September 2025 MON: US Labor Day, South Korean Trade Balance Prelim (Aug), Chinese Caixin Manufacturing PMI (Final), EZ, UK, US Manufacturing PMI (Final), New Zealand Terms of Trade (Q2) TUE: South Korean CPI (Aug), EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug) WED: NBP Announcement, Australia Real GDP (Q2), US ADP National Employment (Aug), Chinese Caixin Services PMI (Final), mEZ, UK, US Services PMI (Final), US Durable Goods R (Jul) THU: Swedish CPIF (Aug), US ISM Services…
Raymond James analyst Tim Thein cut his earnings targets for Caterpillar after the bulldozer maker bumped up its cost estimates for tariffs.