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Nike skids after warning on squeeze from higher discounts, stronger dollar By Reuters

On Thursday, the world’s largest sportswear manufacturer, Nike Inc., joined competitors in sounding a warning about the impact of increased discounts and a rapidly strengthening dollar. A stock that had already been one of the worst performing Dow components for the year saw its value drop by 10% in after-hours trading. “The holiday season this […]

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By arsalanvvip | September 30, 2022

Traders

Fed policymakers press ahead with inflation fight, even with markets in turmoil By Reuters

Despite global financial market upheaval and preliminary evidence that their policies are harming the employment market, Federal Reserve officials will move on with rising U.S. borrowing costs to combat the corrosive effects of too-high inflation. After giving a speech at Boise State University on Thursday, San Francisco Fed President Mary Daly told reporters that she […]

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By arsalanvvip | September 30, 2022

Traders

Analysis-Genting aims to upend Macau casino landscape in bidding war By Reuters

Reuters: HONG KONG Analysts and executives say that the Malaysian conglomerate Genting has emerged as a serious candidate to topple an existing Macau casino operator for a new licence, potentially setting in motion the most significant upheaval in the world’s largest gambling centre in over two decades. According to the Macau government, only six slots […]

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By arsalanvvip | September 30, 2022

Traders

Analysis-Investors confident in Brazil staying the course after election By Reuters

Foreign investors are undaunted by the prospect of a leftist former union leader replacing Brazil’s rightist president and ripping up the most significant fiscal guideline in the world’s 10th largest economy. Their calm confidence in Brazil is reflected in the fact that the local currency and stock market have risen this year, despite the country’s […]

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By arsalanvvip | September 30, 2022

Traders

with inflation high, better to act “aggressively” By Reuters

In prepared remarks for delivery at the Massachusetts Institute of Technology, Mester argued that “where there is uncertainty, it can be preferable for policymakers to act more proactively since aggressive and pre-emptive action can avoid the worst-case consequences from really occurring.” Mester stated that she would be “extremely careful” when evaluating inflation and that she […]

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By arsalanvvip | September 29, 2022

Traders

Dow Stumbles as Jump in Rates Rattles Markets By Investing.com

The dropped 1.1%, the dropped 1.1% (or 329 points), and the dropped 0.60%. Intraday gains in technology were erased by rising Treasury rates in response to Fed members’ comments that actions to halt growth, like as rate rises, increase the likelihood of a recession. The president of the Atlanta Federal Reserve, Raphael Bostic, recently stated […]

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By arsalanvvip | September 29, 2022