Sun, May 19, 2024

News

MacBook Pro New Features and Impressions. GoFetch

GoFetch Discovers Vulnerability in Apple M-Series Chips

Quick Look: Apple’s M-series chips have a GoFetch vulnerability, found by researchers, risking millions of devices and raising global cybersecurity concerns. GoFetch exploits chips’ data-dependent prefetcher, letting attackers extract sensitive data through side-channel attacks, a complex issue. Institutions’ collaboration exposes GoFetch’s complexity, comparing it with Augury, showing the evolving microarchitectural exploits’ seriousness. Apple responds with …

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GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets Read More »

dollar, usd/cad-american-canadian-dollars

USD/CAD Eyes 1.3600 Amid Market Volatility

Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks from the Bank of Canada (BoC) highlight significant economic challenges. The USD/CAD pair currently hovers near …

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Investors and value stocks, super micro

Super Micro: Poised for 18% Stock Surge by Dec 2024

Quick Look: JPMorgan initiates coverage on Super Micro Computer Inc. with an “overweight” rating. Predicts stock price to climb 18% to $1,150 by December 2024. Super Micro aims to capture 10%-15% of the AI server market, which is set to expand to $283 billion by 2028. Quarterly earnings beat estimates with $5.59 EPS and $3.66B …

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bank of france

France’s Fiscal Path 2023-2027: Deficit & Growth

Quick Look: France’s public deficit climbed to 5.5% of GDP in 2023, beyond the set target of 4.9%. The French government sets a reduction target for the deficit to less than 3% by 2027. Macron’s visit to Brazil emphasizes strengthening economic ties, focusing on green investment and defence cooperation. Amidst the global recovery phase, the …

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Close up industrial view of oil refining. canola

Managed Money Traders Cut Canola Shorts by 11k

Quick Look: The Canola market sees a notable shift in trader activity based on the mid-March report. Managed money net short position in oil futures drops, indicating changing sentiment. Canola market’s open interest increases, signalling more engagement and optimism. Prices spike mid-March due to short covering and bullish signals; overbought conditions emerge. The Canola market …

Managed Money Traders Cut Canola Shorts by 11k Read More »

NZD/USD - NZD USD digital trading chart.

NZD/USD Nears 0.6000 Amid Global Economic Shifts

Quick Look: The NZD/USD hovers around 0.6000 during Tuesday’s early Asian session. The US Dollar Index (DXY) is above 104.00, recently retreating from peaks. US PCE data, New Zealand ANZ Business Confidence, and other key reports ahead.  Recent US economic data have painted a picture of an economy experiencing nuanced shifts. February saw new home sales dip …

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AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Rises 0.41% Amid Economic Uncertainty

Quick Look: AUD/USD  current exchange rate at 0.6539, marking a +0.41% gain on Monday. Positioned below the 200-DMA, indicating a cautious outlook. Investor sentiment sways between global economic events and central bank decisions. The AUD/USD exchange rate notched a modest gain of +0.41% on Monday as the pair settled at 0.6539. Although seemingly minor, this …

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Fedex

FedEx Soars with $5B Buyback & $350 Price Target

Quick Look: Oppenheimer reaffirms FedEx stock rating, while Barclays boosts target price to $350.00. FedEx announces a quarterly EPS of $3.86, surpassing estimates, and initiates a $5.00 billion stock repurchase plan. Corporate insiders and institutional investors show strong confidence in FedEx, owning a significant portion of the stock. Recent movements in analyst ratings and price …

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Chip industry

U.S.-China Chip War: Sanctions and Semiconductor Supremacy

Quick Look: The U.S. signals new sanctions on China’s chip sector, deepening economic tensions. Huawei’s alleged ties with the Chinese government spark a semiconductor supremacy battle. U.S. adopts a “high fence, small yard” strategy, investing $52B to bolster the semiconductor industry. China counters with a $178B semiconductor surge, raising global alarms about a potential glut. …

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Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts

Quick Look: The USD/JPY pair experienced a slight decline, with fluctuations highlighting market volatility. Bank of Japan’s shift from negative interest rates to a potential rate hike signals a new direction. Upcoming U.S. economic data and Fed commentary are pivotal for interest rate trajectory. The USD/JPY pair‘s journey through the forex market landscape provides a …

USD/JPY Dips 0.13% Amid BoJ’s Rate Shifts Read More »

swiss franc and U.S. dollar - USD/CHF

USD/CHF Neutral, Eyes on 0.9243 Cap

Quick Look: USD/CHF exhibits a neutral stance, attracting attention from traders and analysts. Recent technical indicators suggest a potential trajectory shift, like MACD on the 4-hour strategy. A temporary top was established at 0.9019; robust support at 0.8838 indicates a potential rebound. The longer-term perspective shows the corrective pattern from the medium-term bottom, upside capped …

USD/CHF Neutral, Eyes on 0.9243 Cap Read More »

Reddit says goodbye to its Crypto Tipping Service TipJar

Reddit’s $6.5B IPO Debut: Trading Begins on NYSE

Quick Look Reddit priced on Wednesday with a share price of $34, totalling a valuation of approximately $6.5 billion. Shares to commence trading under the ticker symbol “RDDT” on the New York Stock Exchange. Monthly Active Users as of December stand at about 76 million across approximately 100,000 communities. Reddit, a social media titan, has …

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Wibest Broker- Oil Inventory Report: The picture shows an administrator conducting a check up on the wires in an Energy Plant. Iberdrola

Iberdrola and Amazon’s Clean Power Deal on Wind Energy

Quick Look: Iberdrola and Amazon expanded their clean power partnership with a significant renewable energy agreement. Amazon commits to procuring 159 megawatts (M.W.), bolstering its goal of achieving 100% renewable energy by 2025. Digital partnership enhancements include advancements in cloud computing, artificial intelligence, and smart grid technologies. Iberdrola and Amazon have announced the expansion of …

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