Thu, March 28, 2024

News

Baidu

Baidu’s 2023 Financial Leap: A 9.18% Earnings Surge

Quick Look: Baidu (BIDU) ranks #6 out of 16 in the Computer and Technology group. Zacks Rank: Baidu holds a Zacks Rank of #1 (Strong Buy). Earnings Estimate Revision: This quarter, Baidu’s full-year earnings estimate increased by 9.18%. Year-to-Date Performance: Baidu has seen a 7.07% gain, surpassing the sector’s average. Industry Performance: Baidu outperforms the …

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Palladium

Palladium Dips to $1,058.88: 4.11% Overnight Drop

Quick Look Today’s opening price for palladium is $1,058.88 per ounce, marking a 4.11% decline from the previous day. The price has fallen 3.70% since the beginning of the year, reaching a 52-week low of $854.70 on February 13, 2024. Palladium’s peak in March 2022 reached $3,440 per ounce, influenced by geopolitical tensions. Palladium prices …

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banknotes at ATM

BoJ Shifts Gear: Ends NIRP, Raises Rates First Time in 16 Years

Quick Look The BoJ has announced significant changes to its monetary policy, marking a departure from the negative interest rates since 2016. For the first time since 2007, the BoJ raised borrowing costs, setting short-term interest rates at about 0% to 0.1%. The policy adjustments include the end of yield curve controls and a strategic …

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AI & Galaxy Digital: Pioneering $8.8T E-Commerce Revolution

Quick Look YOUR AI Protocol aims to revolutionize the $8.8 trillion e-commerce industry. Galaxy Digital Asset Management (GAM) reports over $10 billion in assets under management. Integrating with Shopify provides YOUR AI Protocol access to a vast user base. YOUR AI Protocol emerges as a beacon of innovation within the e-commerce realm, valued at an …

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NZD/USD - New Zealand dollar bills.

NZD/USD Dips 0.53% Amid Fed Rates & China-NZ Trade

Quick Look NZD/USD declined today, trading around 0.6053, marking a 0.53% drop. The US Dollar Index (DXY) surged to two-week highs, surpassing the 103.80 mark. Market sentiments suggest a 73% probability of a rate cut by the Federal Reserve in July. China and New Zealand are enhancing their free trade agreement. Anticipation builds around the …

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The Greenback: A pile of Canadian dollar bills.

Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10

Quick Look: US Dollar to Canadian Dollar sees a slight increase, closing at 1.3545 with current consolidation around 1.3540. WTI Crude Oil experiences a decline from $84.48 to the latest price of $82.10 per barrel. Anticipation builds around major policy meetings, including the Federal Open Market Committee and the Bank of Japan.  The trading session involving …

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Tractable raises $60M to grow in accident - da vici recovery

FDA Nods da Vinci 5: ISRG Stock Climbs 3%

Quick Look Da Vinci 5 receives FDA 510(k) clearance less than two months post-submission. ISRG shares soared over 3% to $395.96 following the announcement. Introduction of surgeon controllers, advanced imaging, and force feedback technology. Following regulatory approvals, plans for a U.S. launch with a global rollout are on the horizon. Intuitive Surgical has received FDA …

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Wibest EUR/USD – Euro: Close up shot of US dollar bills.

EUR/USD Dips to 1.0872 Amid Economic Shifts

Quick Look: The recent downtrend in EUR/USD – 1.0980, with current activity around 1.0885. Resistance and support levels identified are crucial for the next movements. Possible rate cut in June hinted by ECB’s policymakers; Economic events like the Fed Rate decision and Eurozone inflation could heavily influence future trends. The EUR/USD pair is a critical gauge …

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Copper

Copper Hits $9,000: 5.5% Weekly Surge Amidst Supply Woes

Quick Look Copper prices exceeded $9,000 a ton, reaching an 11-month peak. A weekly surge was observed at 5.5%, highlighting a significant market movement. Supply challenges, including mine closures and output worries, increase prices. Citi predicts more upside for copper, citing demand improvements and market dynamics. Risks include market volatility and the uncertain pace of …

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Intel

Intel’s Core i9-14900KS: 6.2GHz Speed & $700

Quick Look Intel unveils the Core i9-14900KS with a top speed of 6.2GHz. Features 36MB Intel Smart Cache and a power consumption of up to 253 watts. Compatible with Z790 and Z690 motherboards, priced at $700. Surpasses AMD’s Ryzen 9 7950X3D in gaming performance. Introduces enhancements for gamers and content creators, including a 73% workflow …

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China Yuan Gains while the U.S. Dollar Continues Downfall

People’s Bank of China Sets USD/CNY at 7.0975

Quick Look PBoC sets the USD/CNY reference rate at 7.0975, defying the estimate of 7.2058. 1-Year MLF rate and 7-day RR maintained in China, signalling steady monetary policy. Net liquidity injection of 3 billion yuan amidst ongoing market regulation efforts. Post-” “quant quake” scrutiny increases, with significant adjustments in key quant funds. CSRC underscores fairness, …

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Wibest – CHF Franc: New Swiss franc notes.

Swiss Franc Dynamics: USD/CHF Eyes Bullish Reversal

Quick Look USD/CHF trades between support at 0.8670 and resistance at 0.8810, hinting at a bullish reversal. Swiss CPI aligns with forecasts; SNB holds rates at 1.75%. US economic data shows mixed signals; however, USD dominance persists in the market. EUR/CHF sees gains, with potential for further rise as long as support at 0.9510 holds. …

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