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Oil prices edges lower; China stimulus, Trump repercussions in focusvictory
Oil prices slipped Thursday, continuing the previous session's weakness on the
back of a strong dollar and lower crude imports in China.
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Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
Intel (NASDAQ:INTC) is expected to report its biggest quarterly revenue drop in
five quarters on Thursday, potentially signaling more erosion of data center and
personal computer market share for the once iconic American chipmaker.
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Positioning for S&P 500 has stabilized, Citi strategists say
S&P 500 positioning stabilized last week as investors digest data from the
ongoing earnings season and brace for potential market volatility around the
upcoming US election, according to Citi strategists.
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Dollar steadies ahead of key economic data deluge
The U.S. dollar steadied at elevated levels Tuesday before the release of a
string of key economic readings this week, while Japanese yen remained near a
three-month low on political uncertainty.
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Apple supplier TDK partners with McLaren Racing in EV push
Apple (NASDAQ:AAPL) supplier TDK (OTC:TTDKY) has partnered with McLaren Racing
in Formula E electric motor racing as the Japanese components manufacturer
targets expansion in the electric vehicle sector.
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Boeing raises about $21 bln in share sale
Boeing Co (NYSE:BA) said it raised around $21 billion in an upsized share sale
on late-Monday, with the capital raise aimed at shoring up its cash position as
the planemaker grapples with a slew of headwinds, most notably a recent strike.
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Gold prices rise, record highs close amid election, rate uncertainty
Gold prices rose in Asian trade on Tuesday, coming close to record highs as the
run-up to the 2024 presidential election and uncertainty before upcoming data
prints kept safe haven demand in play.
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