Fed’s rate cut offers limited relief for US factories facing China competition
By Timothy Aeppel (Reuters) – Drew Greenblatt loves that the Federal Reserve has cut interest rates. But the half-point reduction,...
Mexico’s annual inflation undershoots forecasts ahead of rate decision
(Reuters) – Mexico’s annual inflation slowed more than expected in the first half of September, official data showed on Wednesday,...
UniCredit raises stake in Commerzbank to 21%, seeks approval to increase holding to 29.9%
In a strategic move reflecting confidence in Germany’s banking sector, UniCredit, Italy’s largest lender, has raised its stake in Commerzbank...
Strategist Polcari recommends Energy Transfer as the ‘perfect stock’ after Fed’s rate cut
Following the US Federal Reserve’s recent 50-basis point rate cut, investors are being urged to shift focus away from tech...
Swedish battery manufacturer Northvolt to cut 1,600 jobs: here’s why
Swedish battery manufacturer Northvolt has announced plans to cut 1,600 jobs in Sweden as part of a broader cost-cutting drive....
Citi double upgrades Ciena to ‘Buy’ with $68 target: best time to invest?
Ciena Corp (NYSE: CIEN) saw its stock rise by about 4% in premarket trading on September 23 after analysts at...
Crypto and US stocks show record correlation as Fed policies align markets
Digital assets and US stocks are increasingly moving in tandem, reflecting the influence of similar macroeconomic factors. A recent correlation...
FedEx remains a ‘great stock to own’ despite earnings weakness: here’s why
FedEx Corp (NYSE: FDX) tanked as much as 15% on Friday after reporting a steep decline in quarterly profit that...
Rachel Reeves rules out return to austerity amid concerns over UK’s financial woes
In her first major speech since becoming the UK’s first female finance minister, Rachel Reeves has made it clear that...
Strategist Polcari recommends Energy Transfer as the ‘perfect stock’ after Fed’s rate cut
Following the US Federal Reserve’s recent 50-basis point rate cut, investors are being urged to shift focus away from tech...
