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Share: NIO stock gives back early gains reaped on deregulation of cross-border data. China’s Cybersecurity Administration has reduced scrutiny of non-personal data. Hang Seng index closes 2.5% higher on the news. US Core PCE data for August shows inflation slowing, boosts US stocks. Nio (NIO) stock rose 1.2% early Friday, to $9.02 but
The major indices are closing mixed today with the Dow Industrial Average average fearing the worst. The NASDAQ index eked out a small gain for the day. The S&P was lower. A snapshot of the closing levels shows: Dow industrial average fell -157.50 points or -0.47% at 33508.86 S&P index -11.46 points or -0.27% at
© Shutterstock HSBC has projected an upward trend for the US dollar (USD) against the Euro (EUR) and British Pound (GBP), as reported on Thursday. This forecast is driven by factors such as “US exceptionalism”, potential government shutdown, autoworker strikes, a temporary dip in USD strength, and high yields. The unique balance of growth and
Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged
© Reuters. In a significant move towards digitization, the European Central Bank (ECB) under the leadership of Christine Lagarde has proposed a legal structure for the introduction of a Central Bank Digital Currency (CBDC) across the 20 member states of the Eurozone. The ECB aims to roll out the digital euro by 2027, as reported