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Month: November 2024

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Temu parent PDD extends decline after JP Morgan downgrades stock
Posted inStock

Temu parent PDD extends decline after JP Morgan downgrades stock

Investing.com — U.S.-listed shares of Temu parent PDD Holdings Inc DRC (NASDAQ:PDD) declined roughly 4% at $100, after JP Morgan downgraded the stock to “neutral” from “overweight” citing limited financial visibility…
Posted by November 22, 2024
US bars more food, metal imports over China’s alleged forced labor
Posted inStock

US bars more food, metal imports over China’s alleged forced labor

By Karen Freifeld and Susan Heavey WASHINGTON (Reuters) -The United States banned food, metals and other imports from about 30 more Chinese companies over alleged forced labor involving the Uyghurs,…
Posted by November 22, 2024
US Supreme Court tosses case involving securities fraud suit against Facebook
Posted inStock

US Supreme Court tosses case involving securities fraud suit against Facebook

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta’s Facebook (NASDAQ:META)…
Posted by November 22, 2024
Fed finds discount window stigma persistent post-crisis
Posted inEconomy

Fed finds discount window stigma persistent post-crisis

The Federal Reserve Bank of New York released a comprehensive analysis of the stigma associated with the Federal Reserve’s Discount Window (DW) from 2014 to 2024. The report indicates that…
Posted by November 22, 2024
New York Fed paper challenges notion of discount window stigma
Posted inEconomy

New York Fed paper challenges notion of discount window stigma

By Michael S. Derby NEW YORK (Reuters) – The banks most reluctant to tap the U.S. central bank’s discount window to shore up their capital are in fact those who…
Posted by November 22, 2024
EU ready to react to any renewed US trade tensions under Trump, ambassador says
Posted inEconomy

EU ready to react to any renewed US trade tensions under Trump, ambassador says

WASHINGTON (Reuters) – The European Union is prepared to react to any renewed trade tensions with the United States that may emerge under President-elect Donald Trump’s second administration, the EU’s…
Posted by November 22, 2024
US business activity gauge rises to 31-month high in November
Posted inEconomy

US business activity gauge rises to 31-month high in November

WASHINGTON (Reuters) – A measure of U.S. business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald…
Posted by November 22, 2024
Mexico not a backdoor for Chinese products, president Sheinbaum says
Posted inEconomy

Mexico not a backdoor for Chinese products, president Sheinbaum says

MEXICO CITY (Reuters) – Chinese products are not entering the United States and Canada through Mexico, the president of the Latin American nation said on Friday, and the government will…
Posted by November 22, 2024
More ECB cuts are coming but Dec discussion must wait, Nagel says
Posted inEconomy

More ECB cuts are coming but Dec discussion must wait, Nagel says

FRANKFURT (Reuters) – Friday’s unexpectedly weak survey on the health of the German economy merely confirm the country’s predicament and discussion on the possible size of the next ECB interest…
Posted by November 22, 2024
Barclays raises Walmart price target on strong U.S. performance, flags FX headwind
Posted inStock

Barclays raises Walmart price target on strong U.S. performance, flags FX headwind

Investing.com – Barclays on Friday lifted its target price on Walmart Inc (NYSE:WMT) stock by $12 to $90, after world largest retailer reported its third quarter earnings this week, with brokerage…
Posted by November 22, 2024

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