Tag Archives: Dollar

The hardware and software development company Singular Computing has received an undisclosed amount from Google in a settlement out of federal court in Massachusetts, bringing to an end the five-year long civil case brought by Singular’s founder Dr. Joseph Bates against the tech giant for patent infringement (PDF, hosted by The Register). Said infringement pertains to computer architectures facilitating artificial intelligence (AI) tool development and the training of large language models… Source link

(Bloomberg) — Global stocks retreated and the dollar rose to a one-month high as central bank officials pushed back against bets on aggressive interest rate cuts. Most Read from Bloomberg US futures slid, while the Stoxx Europe 600 index headed for a five-week low. The MSCI Asia Pacific Index lost 1.5%, the most in three months. Two-year Treasury yields rose six basis points to 4.2%. An index of the dollar climbed 0.6%. Banks led equity declines in Europe as JPMorgan Chase & Co. analysts said… Source link

[unable to retrieve full-text content]Russian rouble weakens towards near 11-month low vs dollar  Devdiscourse Source link

The total market capitalization of cryptocurrencies rose above $1 trillion on Wednesday morning for the first time since November 8. This latest rally in crypto has been led by bitcoin (BTC-USD), which briefly spiked to as high as $21,501 as of 9:15 a.m. ET. Bitcoin is up more than 20% from where it traded just one week ago and has gained roughly 30% so far this year. Shortly after hitting his milestone, crypto prices dropped along with broader markets. Near 12:20 p.m. ET, bitcoin was trading… Source link

Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the streaming giant. “In just the last quarter, the FX landscape has changed dramatically with the [U.S. dollar] performance having a stark reversal in the last three months,” Goldman Sachs analyst Eric Sheridan wrote in a new note to clients. Sheridan notes the dollar index is down about 7% since… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 1, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. For stock market investors, November finished with a bang. A late-day rally on Wednesday swung the Dow into what some will consider… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, December 1, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. For stock market investors, November finished with a bang. A late-day rally on Wednesday swung the Dow into what some will consider… Source link

The U.S dollar (DX-Y.NYB) has been on a tear this year, and foreign currencies sliding against the greenback is causing trouble for countries with debt and trade invoices denominated in dollars. As part of Yahoo Finance’s ongoing series, “What to do in a bear market,” we checked in with the experts on what the strong U.S dollar means for asset prices and how investors should position their portfolios. Why has the dollar strengthened so much against other currencies? So what’s pushing the dollar… Source link

Chipotle (CMG) has no plans to start offering McDonald’s-like value meals to entice lower-income consumers back to its restaurants after implementing a series of inflation-driven price hikes this year. “We don’t think Chipotle is the brand where somebody is looking for a dollar menu or bundle meal,” Chipotle CFO Jack Hartung said on Yahoo Finance Live (video above). “They look for customization. Most customers get the same exact entree every single time, and that’s what they crave.” Chipotle… Source link

VettaFi vice chairman Tom Lydon appeared on Yahoo!Finance to discuss tech’s slide and the state of the markets. “For the first time in 20 years, we’re seeing active managers actually outperform some of their counterparts that they benchmark against,” @Vetta_Fi Vice Chairman @TomLydon says. “That’s good for the ETF business.” pic.twitter.com/y2WFhvFLdV — Yahoo Finance (@YahooFinance) October 26, 2022 Tech’s Slide and Active’s Rise “Coming out of… Source link