Cuts

By Archishma Iyer (Reuters) - Investors raised short positions on emerging Asian currencies, with bearish bets on the Indonesian rupiah jumping sharply, as the U.S. dollar remained resilient amid uncertainty over the timeline of the…

Tesla CEO Elon Musk.Antonio Masiello/Getty ImagesTesla stock is in for a world of hurt after its big first-quarter delivery miss, according to JPMorgan.The bank lowered its Tesla price target to $115 from $130, representing potential…

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Yannis Stournaras is the Governor of the Bank of Greece and thus a member of the European Central Bank Governing Council (monetary policy setting committee).He spoke in an interview with with the Proto Thema newspaper over the weekend:“If…

US Economy Moderates but Remains a Standout Amongst its PeersThe US economy, according to the latest data from the Atlanta Fed’s GDP Now forecast, is projected to grow by 2.1% in Q1, after growing 3.2% in Q4 of 2023 and a massive 4.9% the…

champpixs U.S. banks’ earnings season is just around the corner, and with market expectations for the number of interest-rate cuts cut in half since the start of 2024, certain lenders are expected to implement material revisions to…

Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter Inc. since Elon Musk bought the social-media company. Fidelity, which gained a stake in X by helping…

Crude Oil Q2 Fundamental OutlookCrude oil prices may continue to rise 2024’s second quarter but they remain subject to the considerable near-term uncertainty that dogged them as the year got under way.The Organization of Petroleum Exporting…

Struggling electric vehicle company Fisker (NYSE:) has cut the US prices of its Ocean electric SUV by as much as 39%, according to a report by Bloomberg on Wednesday. Fisker is said to have significantly reduced the price of the Ocean sport…

© Reuters. Passersby walk in front of an electric screen displaying Japan's Nikkei share average outside a brokerage in Tokyo, Japan March 21, 2024. REUTERS/Issei Kato By Rae Wee SINGAPORE (Reuters) - Asian stocks were near a weekly…