Author: FX
Waste Management press release (NYSE:WM): Q4 Non-GAAP EPS of $1.70 misses by $0.10. Revenue of $5.89B (+12.8% Y/Y) misses by $20M. 2025 FINANCIAL OUTLOOK Projected Results (in millions) Projected Year-Over-Year Change at Midpoint Revenue $25,550 – $25,800 Growth of Source link
Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said on Thursday, he is “monitoring the Fed decision impact on Japan’s economy as the US is Japan’s largest outbound investment destination.” Additional comments Will to finalize timing of meeting between Japanese PM Shigeru Ishiba and US President Donald Trump. Emphasizes AI as a key factor for promoting innovation and addressing risks. Market reaction At press time, USD/JPY is trading 0.45% lower on the day, ranging at around 154.50. Source link
SoftBank in talks to invest up to $25 billion into OpenAI, FT reports Source link
As expected in our BOC Event Guide, The Bank of Canada cut interest rates by 25 basis points to 3.0%, marking the sixth consecutive rate cut since June 2024. The central bank also officially ended its quantitative tightening program while warning about significant risks from potential U.S. trade tariffs. Alongside the rate cut, the BOC announced plans to restart asset purchases in March, beginning with C$2-5 billion in term repo operations. Treasury bill purchases are also set to resume later this year as part of balance sheet normalization. Link to official BOC January monetary policy statement Growth & Labor Market…
A Wall Street Journal reported with the info on Goldman Sachs comments: “we remain comfortable with our standing forecast that the FOMC will deliver two more 25bp cuts in June and December this year and one more in 2026”***Earlier:Goldman Sachs CEO sees narrow range of 2025 Federal Reserve rates amid inflation concernsGoldman Sachs says Federal Reserve is waiting for further inflation progress to cut again This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NZD/USD rebounds to near 0.5660 in Thursday’s early Asian session. Fed left the policy rate steady on Wednesday. RBNZ’s Conway painted a dim picture of the country’s economic outlook, citing weak productivity, investment and trade. The NZD/USD pair recovers some lost ground to around 0.5660, snapping the three-day losing streak during the early Asian session on Thursday. The US Dollar (USD) retreats from the weekly high of 108.30 as investors await tariff certainty from US President Donald Trump. The US Federal Reserve (Fed) decided to hold interest rates steady in the current 4.25%-4.50% range at its January meeting on Wednesday. During…
Microsoft shares slide as cloud forecast, AI spending disappoint Source link
Australian terms of trade data for Q4 2024:Australia Import Price Index +0.2% q/qexpected +1.5%, prior -1.4%for the y/y, -1.9% & Export Price Index +3.6% q/qexpected +2.5%, prior –4.3%for the y/y -8.6%Resources higher (exports). This article was written by Eamonn Sheridan at www.forexlive.com. Source link
WTI price tumbles to around $72.60 in Wednesday’s late American session. US Crude oil stockpiles rose by 3.463 million barrels last week, according to the EIA. The firmer USD weighs on the commodity price. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.60 during the late American session on Wednesday. The WTI price edges lower after US crude stockpiles rose more than expected last week.US crude inventories rose last week. The US Energy Information Administration (EIA) weekly report showed crude oil stockpiles in the United States for the week ending January 24 increased by 3.463 million barrels, compared to a…
Jan. 29, 2025 6:50 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Oil prices fell Wednesday, with WTI settling at its YTD low, after U.S. crude stockpiles rose more than expected last week as exports fell and refineries lowered their capacity use. Domestic crude oil stockpiles rose by 3.46M barrels last week, the Source link