Key points: McDonald’s (MCD) Faces Serious Trouble from E. coli Outbreak McDonald’s shares were down 7% at the close of market trading due to a deadly E. coli outbreak linked to its Quarter Pounder burgers. This incident has raised concerns about food safety, impacting investor confidence in the company. As of now, McDonald’s has not […]
U.S. Stock Markets Lower on Rising Yields, Election Fears, Corporate Data
U.S. stocks and indexes declined on Wednesday as investors analyzed corporate earnings amid rising Treasury yields and political uncertainty with less than two weeks to go before the presidential election. Wall Street indexes are down from their all-time highs this week, pressured by rising Treasury yields. The 10-year rate rose on Tuesday to a nearly […]
Dollar Hits Record Highs, Political Concerns Drive Safe-Haven Demand
The dollar reached new highs on Wednesday as uncertainty over U.S. interest rates and the upcoming presidential election continued to support safe-haven demand. Risks Point to Dollar Bullishness The dollar has reached its highest level since early August as positive economic data has reduced expectations of aggressive interest rate cuts by the Federal Reserve. According […]
Daily Technical Analysis EUR/USD: Pair Nears 16-Week Low, Stays Negative
EUR/USD extended its downward movement on Tuesday, retreating about 0.16% and testing a key technical barrier that could lead to fresh 16-week lows if the price breaks below this support level. European Central Bank President Christine Lagarde made several appearances on Tuesday, but her remarks, which were fairly generic, did little to support the euro. […]
Today’s Stocks to Watch: GE Aerospace, Nvidia, and Verizon
Key points: GE Aerospace (GE) Falls Despite Beating Expectations GE Aerospace shares declined despite surpassing expectations for adjusted earnings and revenue. While the company met its full-year guidance, investors had anticipated stronger results, leading to a slight drop in the stock price. Nvidia (NVDA) Marks a Milestone in the Market Nvidia, the maker of artificial […]
Ripple Co-Founder Pledges $10 Million to Kamala Harris’ Campaign
Ripple co-founder Chris Larsen has recently contributed more than $10 million to fund the U.S. presidential campaign of Democratic candidate Kamala Harris. Harris Campaign Funding The recent revelations about these donations come from several reports released today, citing data submitted by the U.S. Federal Election Commission (FEC). According to this information, Larsen has donated approximately […]
U.S. Stock Markets Pull Back, Large Volume of Third-Quarter Results Expected
Stock index futures, along with U.S. equities, were lower on Tuesday, as attention shifted to the third-quarter results of several large companies. Most major Wall Street indexes posted slightly negative sessions on Monday, with the Dow Jones index down 0.8%, ending three straight sessions of gains. The S&P 500 index lost 0.2%, while the Nasdaq […]
Dollar Falls, Euro Rises on ECB Speakers’ Expectations
The U.S. dollar declined on Tuesday, although it remained near its recent highs in an environment marked by uncertainty related to the pace of interest rate cuts as the date for the U.S. presidential election approaches. Dollar Benefited from Rising Yields The dollar retreated slightly on Tuesday, despite benefiting from a rise in the yield […]
Outlook for the Week of October 21-25
Key points to watch out for: Bank of Canada Likely to Cut Rates by Half a Point Estimates that the Bank of Canada will cut rates by 50 basis points at its October meeting have increased following the latest CPI data. However, markets are not entirely convinced that there will be a significant move, so […]
Today’s Stocks to Watch: Boeing, Kenvue, and Humana
Key points: Boeing (BA) Moves Toward Ending the Strike Boeing has reached a tentative agreement with the machinists’ union, which could end the strike that has paralyzed much of its production. Boeing shares rose more than 3% in pre-market trading, reflecting the positive impact of the agreement on its valuation. This move is crucial for […]