Netflix still looking for production partner for NFL Christmas games
Netflix will air two NFL games on Christmas, but no one knows who will announce and produce those games. The streaming giant is in talks with the league's existing broadcast partners to find someone to produce the games, according to CNBC. However, it's unclear which network will want to partner with Netflix. ESPN has reportedly already been ruled out. Other networks may not [...]
EUR/USD rose to 1.0850
EUR/USD is trading in a positive range around 1.0850 during the European session on Monday. The US dollar is dragged down by weak US Treasury yields. USD under selling pressure The EUR/USD pair is slightly strengthening in the price band of 1.0850 at the beginning of the week. The US Dollar is under selling pressure after Friday's directional struggle, although the major pairs remain at stable levels. [...]
The US economy has slowed down
Retail sales and industrial production both fell in January, but there were also encouraging signs. Decline in both manufacturing and retail sales The US economy took a breather in January after brisk growth at the end of last year, but remains "fundamentally healthy". Retail sales fell 0.8% in January compared with December, the [...
Tesla has lowered the prices of its cars in European countries
US electric car maker Tesla has cut the prices of its Model Y vehicles in Germany and some other European countries. Tesla already discounted its Model Y and Model 3 cars in China a week ago. In Germany, for example, the company cut the price of the Model Y Performance by 5,000 euros to 55,990 euros, or about eight percent, according to Reuters. [...]
Bank of America will benefit from interest rate cuts in 2024
Bank of America kicked off the latest earnings season last week by beating analysts' earnings estimates. The second-largest U.S. bank showed its resilience despite higher interest rates, which have started to drag net interest income. Its relatively cheap valuation and the prospect of a Federal Reserve pivot on interest rates could make Bank of America [...]
EUR/USD is around 1.0950
EUR/USD remained in the trading range of 1.0930-1.1000 on Friday. The upside remained limited as the European Central Bank (ECB) announced the end of its extended rate tightening regime, while higher consumer price inflation in the United States signaled that rates could remain higher for a longer period of time. Holiday overseas The currency pair continues to trade apathetic on Monday within Friday's trading range due to [...]
US exchange regulator approves 11 bitcoin spot ETFs
The US Securities and Exchange Commission (SEC) has granted approval to launch 11 exchange-traded funds (ETFs) on the bitcoin spot rate. This was reported by Reurters, which calls it a watershed moment for the cryptocurrency industry. The funds in question open up the cryptocurrency market to millions more interested retail and large investors and could attract billions of dollars of investment. [...]
United Airlines inspectors find loose bolts in Boeing 737 MAX
US airline United Airlines has discovered loose bolts during inspections of Boeing 737 MAX aircraft. The review of the machines was triggered by an Alaska Airlines accident late last week in which a section of the fuselage of one of the Boeing 737 MAX 9 aircraft fell off during flight. "Since Saturday, when we began our preliminary inspections, we have identified instances that appear to be related to problems in [...]
US public debt exceeds $34 trillion for the first time
The total public debt of the United States federal government exceeded USD 34 trillion for the first time. Members of Congress are now gearing up for another series of battles over the funding of the federal government, Reuters pointed out. A Treasury Department statement showed that the outstanding public debt has risen to USD 34.001 trillion. The debt that counts against the federal debt ceiling then rose to $33.89 trillion. [...]
Barclays downgrades investment recommendation on Apple shares
Apple, the largest US company by market capitalisation, has seen its investment recommendation downgraded by UK investment bank Barclays. Its analysts explain the move by weaker sales of iPhones and Mac computers. Strategists led by Tim Long changed the recommendation from "equal weight" to "underweight" with a target price of $160. Barclays says the latest sales reports show weaker iPhone sales [...]
Apple under pressure in India over opposition politicians' warning
US smart phone maker Apple warned Indian opposition politicians in October that their phones could have been hacked by government hackers. The Indian government is now asking Apple to tone down that announcement. The Indian opposition has accused Modi's government of attempting to hack the phones of senior opposition politicians. The latter said they had received warning messages from Apple. Some [...]
New York Fed president says central bank "not really talking about cutting rates"
Federal Reserve officials on Friday (15.12.2023) offered competing views on when they might start cutting interest rates next year after Chairman Jerome Powell suggested they were likely done raising them. There is no talk of a rate cut at the moment One of Powell's senior trustees said on Friday that central bank officials at their meeting last week actively [...]