The news of meme stock trader “Roaring Kitty” buying a 6.6% stake in Chewy sent the shares of the pet food e-commerce retailer soaring in premarket trading. With just over 9 million shares purchased, Roaring Kitty has become the third-largest shareholder in the company, according to FactSet. This move has added more than $245 million
Investment
When it comes to making financial decisions, it is crucial to conduct your own due diligence. The information available on websites offering financial advice, such as FX Empire, should be taken as general news and not as personalized recommendations. It is essential to consult with your own financial advisors and carefully consider your own financial
The fluctuation of gold price (XAU/USD) continues on Monday as it struggles to gain traction, oscillating below the $2,330 level during the Asian trading session. Traders are hesitant to make significant moves due to the uncertainty surrounding the Federal Reserve’s rate-cut path, leading to subdued price action. While recent US inflation data supports the likelihood
The recent first round of France’s parliamentary elections has left investors and analysts uncertain about the future outcomes. The euro showed a slight increase in value as Marine Le Pen’s National Rally party emerged as the leading party in the initial results. However, the final result is contingent upon further rounds of voting and negotiations.
The year’s second half could bring a bullish move for both value and growth stocks, according to VettaFi’s Todd Rosenbluth. In a recent interview on CNBC’s “ETF Edge,” Rosenbluth expressed optimism for value stocks, which have historically been market laggards. He pointed to the FTSE Russell’s annual rebalancing as a potential catalyst for a resurgence
Vietnam’s economy experienced an acceleration in growth during the second quarter of this year, largely due to robust exports. The country’s Gross Domestic Product (GDP) expanded to 6.93% in the second quarter, marking a significant increase from the 5.87% growth recorded in the first quarter. This positive trend has been attributed to the government’s efforts
Global equity funds experienced a surge in inflows during the seven days leading to June 26. This influx, totaling $21.65 billion, was the highest recorded in more than three months. Investors are optimistic due to expectations of moderating U.S. inflation levels, which could prompt the Federal Reserve to announce interest rate cuts. The U.S. central
Gold prices in India have remained relatively unchanged, indicating stability in the market. As one of the most sought-after precious metals, Gold plays a significant role in various aspects of the economy, including its value as an investment asset and a safe-haven during turbulent times. Gold has a long-standing history as a store of value
Recently, crude oil prices have shown an upward trend, aiming for a move above the $80.00 resistance zone. The 4-hour chart of XTI/USD reveals a key expanding triangle with resistance at $82.50. After breaking the $80.00 resistance, the price encountered some hurdles. Despite settling above the 200 simple moving average and the 100 simple moving
When it comes to investing, it is essential to be aware of the risks involved. The information provided on various platforms may contain forward-looking statements that come with uncertainties and potential risks. It is crucial to understand that any investment decision should be made after thorough research and not solely based on the information provided
The Indian Rupee is currently experiencing a boost against the weaker US dollar, with inflows into India potentially lifting the INR. However, the overall strength in major Asian currencies and rising oil prices pose a challenge to further upside movement. Additionally, traders are closely watching key economic indicators such as the US Chicago Fed National
In a recent statement, Masato Kanda, Japan’s top currency diplomat, emphasized the role of the Bank of Japan (BoJ) in intervening in foreign exchange markets when deemed necessary. Kanda highlighted the need for appropriate measures to address excessive forex movements, signaling that Japan is closely monitoring exchange rate fluctuations. Following Kanda’s remarks, the Japanese Yen
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