Author: Press Room

© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. REUTERS/Brendan McDermid/File Photo A look at the day ahead in U.S. and global markets from Mike Dolan Global markets took a sharp intake of breath on Monday after seeing Wall St’s ‘fear gauge’ hit its lowest since before the pandemic hit late last week and as China major stock indexes continue to wane. As U.S. markets return in earnest from the long Thanksgiving weekend, Friday’s shortened session threw up a remarkable milestone. The of implied volatility…

Lemon_tm Stock futures inched lower in the early hours of Cyber Monday, while U.S. Treasury yields remained steady as markets reopened after a shortened Friday session. Here are some of Monday’s biggest stock movers: Biggest stock gainers Following its Q3 release, UP Fintech’s (NASDAQ:TIGR) shares rose over 7%, reflecting the company’s upbeat Q3 performance. Total net revenues increased by 13.5% Y/Y to $58M, and the total account balance surged by 45.7% to $18.9B. Notably, the total margin financing and securities lending balance experienced a significant uptick, rising by 41% Y/Y to $2.2B. Additionally, the total number of customers with deposits…

© Reuters. Investing.com – The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for a monthly loss of around 3%, its worst performance in a year. PCE data to support end of Fed hikes? The dollar has been on the backdoor for most of this month on growing expectations that the could start cutting rates next year after likely ending…

Could President Biden and Donald J. Trump really be locked in a close race among young voters — a group Democrats typically carry by double digits — as the recent Times/Siena polls suggest?To many of our readers and others, it’s a little hard to believe — so hard to believe that it seems to them the polls are flat-out wrong.Of course, it’s always possible that the polls are wrong. I’ve thought our own polling might be wrong before, and I would be very apprehensive if it were just our poll out on a limb. But this isn’t about one Times/Siena…

When you buy through our links, Insider may earn an affiliate commission. Learn moreSecretlab makes some of the best gaming chairs and desks in the business. That means these Secretlab Cyber Monday deals are your chance to save big on popular high-quality products we’ve tested and reviewed. The discount on the Titan Evo is by far the standout of this sale. Secretlab’s Titan Evo has quickly become one of the best-regarded gaming and office chairs in the industry. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Germany’s billionaire Schaeffler family has increased its offer for Vitesco Technologies as the heirs to the car parts supplier step up efforts to expand their presence in electric vehicles.Schaeffler, which is controlled by Georg Schaeffler and his mother Maria-Elisabeth Schaeffler, on Monday said it had lifted its offer for Vitesco to €94 a share from the €91 it bid last month.The Schaefflers already own 49.9 per cent of Vitesco as well as 46 per cent of German tyremaker Continental.In a joint statement…

Following the recent fiscal event led by UK Chancellor Jeremy Hunt, economic forecasts are indicating a potential uplift for the nation’s economy. Chancellor Hunt announced a significant fiscal loosening package totaling £18 billion, with measures that include a two-point decrease in national insurance and the introduction of permanent full expensing for capital investments. Deutsche Bank analysts predict that these changes will lead the Monetary Policy Committee (MPC) to revise its government spending projections upwards for 2024, which could result in an improved growth forecast for that year. This comes against a backdrop of near-zero growth expectations set by the Bank…

© Reuters. ABU DHABI – A new venture named Alpheya, based in the Abu Dhabi Global Market (ADGM), has secured a significant investment aimed at revolutionizing wealth management technology in the Middle East and North Africa (MENA) region. BNY Mellon (NYSE:), a leader in financial technology, together with investment firm Lunate, have injected $300 million into Alpheya to develop an end-to-end digital platform tailored for asset managers and investment houses in MENA. The client launch is anticipated for 2024. The initiative comes as a response to the increasing demand for integrated digital solutions that streamline client engagement processes such as…

designer491/iStock via Getty Images French specialty vaccine company Valneva (NASDAQ:VALN) announced on Monday that the European Medicines Agency (EMA) has accepted the marketing authorization application for its chikungunya vaccine for accelerated assessment. The EU regulator determined that all essential regulatory elements required for scientific assessment were included in the application. Valneva’s single-shot chikungunya vaccine candidate VLA1553 will go through an accelerated assessment, which reduces the timeframe for review from 210 days under the standard process to 150 days. No vaccine or treatments currently exist for for chikungunya, making it an unmet medical need. VLA1553 was approved in the US earlier…

© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Samuel Indyk and Rae Wee LONDON (Reuters) -The U.S. dollar began the last week of November on the back foot and was on track for its biggest monthly drop in a year as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, the release of the Federal Reserve’s tracked measure of inflation alongside consumer prices data in the euro zone and Australia fill this week’s…