• August 30, 2024

IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw

AUD/USD Overview: Short-to-long ratio of 1.64:1 Long positions: ↑ 1.20% from yesterday, ↓ 12.53% from last week Short positions: ↑ 1.79% from yesterday, ↑ 15.53% from ...

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• August 30, 2024

French Inflation Retreats to Its Lowest Level in Three Years

(Bloomberg) -- French inflation eased to its lowest level since July 2021 — bolstering the case for the European Central Bank to continue cutting interest rates after similar slowdowns in Germany an...

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• August 30, 2024

Libya’s Political Feud Threatens Return of Oil Supply Chaos

(Bloomberg) -- Libya’s political crisis is threatening to return the OPEC member’s oil production to the chaos that plagued it for years after the toppling of dictator Moammar Al Qaddafi. The Nor...

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• August 29, 2024

NAB Chief Says Australia Economy Divisions Make RBA’s Job Tough

(Bloomberg) -- The chief executive of National Australia Bank Ltd. said there are increasing divisions within the country’s economy, making the task for appropriate monetary policy settings even mor...

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• August 29, 2024

Inflation, housing, immigration, taxes: The Harris-Walz economic policy scorecard

As presidential campaigns race to the close, the electorate moves past gauzy themes and adversarial finger-pointing, which tell us little about candidates’ plans, to examine differences in goals and...

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• August 29, 2024

Gap shares rise after it resumes trading, Q2 results show growing sales and margin

Gap ( GAP ) is showing signs of a comeback. In Q2, revenue grew 5% to $3.72 billion, compared to estimates of $3.63 billion, while adjusted earnings per share came in at $0.54, compared to esti...

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• August 29, 2024

Ulta Beauty reports disappointing earnings after Warren Buffett's Berkshire Hathaway takes stake

Ulta Beauty's ( ULTA ) glow-up may be coming to an end. On Thursday after market close, the beauty retailer reported second quarter results that missed estimates across the board. Revenue came ...

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• August 29, 2024

Stock market today: Dow hits another record, S&P 500, Nasdaq waver as investors shrug off Nvidia share drop

The Dow closed at another record on Thursday — its third this week — while the other major averages finished the day lower as investors assessed Nvidia's ( NVDA ) earnings alongside data that show...

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• August 29, 2024

Dollar General stock tanks 32% after outlook cut spurred by 'cash-strapped' customer

Dollar General ( DG ) stock tumbled 32% on Thursday after the discount retailer cut its outlook, pointing to a financially pressured customer. Thursday's drop in Dollar General was its biggest on ...

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• August 29, 2024

Best Buy beats earnings estimates as its sales decline stabilizes

Best Buy ( BBY ) posted better-than-expected results after a series of disappointing quarters. On Thursday, the company reported revenue of $9.29 billion, compared to estimates of $9.24 billion...

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