Morning Outlook: Sectoral Inflation Expectations, Fed Minutes, and U.S. New Home Sales in Focus

Forex - Today, there is no significant data expected domestically other than "Sectoral Inflation Expectations." Abroad, in addition to the minutes of the Federal...

California May Exclude Tesla from Proposed Electric Vehicle Discount Program

Forex - Elon Musk's Tesla may miss out on lucrative tax breaks for electric vehicles considered by California's Democratic Governor Gavin Newsom.

The proposals ...

Officials say Israel has finalized ceasefire agreement with Hezbollah in Lebanon - FT

According to a report, U.S. diplomats are attempting to broker a ceasefire agreement to end the conflict that has been ongoing for more than a year between Israel...

Kyrgyzstan Central Bank Keeps Interest Rates Unchanged

Forex - The Central Bank of Kyrgyzstan (NBKR) did not change the policy interest rate in its fourth consecutive meeting. According to the statement from NBKR, the...

GM to Join Formula 1 with Cadillac Brand Starting in 2026

Foreks announced that Formula 1 has approved GM and Cadillac's entry as a new team on the grid. This announcement, part of an application initiated by the racing ...

Israeli Cabinet to Convene Today to Discuss Ceasefire Agreement with Lebanon

According to the spokesperson for the Israeli Prime Minister, the Israeli security cabinet will convene today to discuss the details of a U.S.-backed ceasefire ag...

Japanese Authorities Raided Amazon Japan Over Possible Antitrust Practices

Foreks - It has been reported that the Japan Fair Trade Commission is investigating Amazon (NASDAQ:AMZN) on suspicion of violating antitrust laws. A source from t...

Service Producer Prices Rise in Japan, Keeping BOJ's Rate Hike Expectations Alive

Forex - In Japan, the leading indicator of service sector inflation, the service producer prices remained stable at around 3% in October. The stability in service...

China Warns There Will Be No Winner in a Trade War

Forex - After newly elected President Donald Trump promised to impose comprehensive tariffs on goods from China and other countries in response to illegal drug tr...

Makhlouf Becomes Increasingly Confident that ECB Will Achieve 2% Inflation Target Next Year

Forex - Gabriel Makhlouf, Governor of the Central Bank of Ireland and member of the ECB Governing Council, stated that he is "increasingly confident" that the Eur...

Fed/Kashkari: A 25 Basis Point Rate Cut in December Seems Reasonable

Forex - Minneapolis Fed President Neel Kashkari stated that he is open to lowering interest rates again next month. Speaking to Bloomberg TV, Kashkari noted, "Thi...

SEC Accuses Former WAMCO Co-CIO Ken Leech of Long-Running Fraud Scheme

WASHINGTON D.C., November 25, 2024 — The Securities and Exchange Commission (SEC) announced charges on Friday against Stephen Kenneth "Ken" Leech, a former co-hea...

BlackBerry Stocks Surge After Court Rejects Claims by Former Executive

BlackBerry Limited's shares rose by 9.4% on Monday following a federal judge in California's decision to dismiss the claims of former marketing director Neelam Sa...

Alector Halts Alzheimer Trial: Drug Fails to Meet Primary Endpoint

Alector Inc. announced that the Phase 2 clinical trial of AL002, developed for the early-stage treatment of Alzheimer’s disease, did not achieve its primary goal ...

Super Micro Boosts Earnings, Squeezes Short Sellers

On Monday, Super Micro Computer's stock continued its upward trend following the announcement of a strategy to prevent its delisting from Nasdaq, a move that prev...

Netflix Stocks Decline After Reaching Record Highs

On Monday, Netflix Inc. (NASDAQ:NFLX) shares experienced a 3% decline after reaching an all-time high intraday level of $908 last Thursday. Despite this pullback,...

Peabody's $2.32 Billion Deal for Anglo American's Coal Assets Described as 'Transformative'

Peabody Energy Corporation (NYSE: BTU) has entered into an agreement to acquire coal mines from Anglo American plc for high-quality steel production, aiming to si...

Dick's Sporting Goods Stock Rises Ahead of Earnings on Analyst Optimism

On Monday, shares of Dick's Sporting Goods, Inc. (NYSE: DKS) rose by 4% ahead of the company's third-quarter results for the fiscal year 2024. The company is expe...

Damian Williams Steps Down as U.S. Attorney for the Southern District of New York

On Monday, Damian Williams announced his resignation from the U.S. Attorney's Office for the Southern District of New York. He will step down at 11:59 PM on Decem...

Rumble Shares Surge Following Exclusive Deal with Dr Disrespect

Rumble shares recorded their highest intraday gain since July, rising by up to 17% following the announcement that popular streamer Dr Disrespect would be exclusi...

BofA Projects a 20-30% Reduction in Snowpack at U.S. Ski Resorts by 2050

BofA Global Research reported today that there have been significant changes in snowfall patterns over the past thirty years, with a national decrease of approxim...