Morning Bid: Biden bows out, election bets shift, China cuts
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. President Joe Biden’s weekend withdrawal from the White House race can hardly be seen as…
Dollar slips after Biden pulls out, euro rebounds after losses
Investing.com – The U.S. dollar slipped lower Monday following U.S. President Joe Biden’s decision to end his re-election campaign, with the euro benefiting despite its weak tone after last weekβs…
China’s surprise rate cuts will not hurt a fragile yuan, analysts say
SHANGHAI (Reuters) – China surprised markets by lowering a string of major short and long-term interest rates on Monday, in an effort to boost growth in the world’s second-largest economy.…
Biden administration announces $4.3 billion in climate grants
By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Monday announced 25 projects pitched by 30 different state, local and tribal governments that applied for $4.3 billion in grants…
Varta stock nosedives as rescue plans leave shareholders with nothing
By Alexander HΓΌbner and Christoph Steitz MUNICH (Reuters) – Shares in Varta plunged on Monday after the German battery maker said restructuring options to avert insolvency would leave equity investors…
Dollar eases as Biden ends re-election bid, drops vs yen
By Kevin Buckland and Stefano Rebaudo (Reuters) -The dollar eased slightly against a basket of currencies on Monday while dropping sharply versus the yen as investors focused on U.S. President…
Oil prices rise as investors look forward to U.S. rate cuts
By Katya Golubkova and Colleen Howe TOKYO (Reuters) -Oil prices rose in Asia on Monday as investors watched for further signs that the U.S. might start to cut interest rates…
India’s economy likely to grow 6.5%-7% y/y in 2024/25, government report says
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all…
$44 Million Fed Fine for Green Dot over Sins from “Years Ago”
The Federal Reserve (Fed) has imposed a hefty $44 million fine on Green Dot Corporation, a popular US-based digital bank, citing a litany of consumer protection violations and risk management…
India’s economy likely to grow 6.5%-7% y/y in 2024/25, government sources say
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all…
