Tag Archives: Dollar

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

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 Friday, Oct. 21, 2022 My word-find function has been going into overdrive this earnings season, looking for a few key phrases in earnings-call transcripts: “Foreign exchange.” “Currencies.” “Dollar.” Netflix (NFLX) Chief Financial Officer Spencer Neumann summed it up succinctly in his company’s conference call: “The FX drag is… Source link

(Bloomberg) — Asian equities opened lower and major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress. Most Read from Bloomberg Stocks dropped in Japan, Australia and South Korea while futures for Hong Kong fell. Contracts for the S&P 500 and Nasdaq 100 rose after tumbling Friday, when Treasury yields climbed as year-ahead inflation expectations increased…. Source link

The full ramifications of U.S. dollar strength that has wreaked havoc on the top and bottom lines of large companies such as Nike (NKE) and FedEx (FDX) in the third quarter likely won’t be felt for a while, warns one veteran currency strategist. “What you see immediately today will take some time to flow through earnings,” Joseph Lewis, head of corporate hedging and FX solutions at Jefferies, said on Yahoo Finance Live (video above). “I think what you will expect is that if the dollar… Source link

Chinese President Xi Jinping.Kevin Frayer/Getty Images Reuters reported that China told state-owned banks to get ready to sell dollars and buy yuan in an effort to prop up the local currency. The move could stem the yuan’s fall, as it remains on track for its largest annual loss against the dollar since 1994. A hawkish Fed has pushed the dollar to 20-year highs this year, pressuring currencies around the world. The People’s Bank of China has told major state-run banks to prepare to shed dollar… Source link

Deputy Governor of the Bank of Russia Sergey Belov holds the newly designed Russian 100-rouble banknote during a presentation in Moscow, Russia June 30, 2022. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 23 (Reuters) – The Russian rouble firmed slightly on Tuesday after initially easing beyond 60 against the dollar, while shares… 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 Friday, July 15, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. The U.S. dollar (DX-Y.NYB) is on fire, reaching near-parity with the euro (EUR=X) for the first time in two decades. The yen (JPY=X) is down 20% versus the dollar over the last year — nearly unheard of… Source link

(Bloomberg) — The euro slid to a 20-year low against the US dollar as traders bet that the European Central Bank will go slower on raising interest rates as the economy risks being tipped into a recession. Most Read from Bloomberg The common currency fell as much as 1.4% to $1.0281, its weakest level since December 2002. The losses came as money markets continued to trimmed ECB tightening bets as growth outlook for the region darkens, with traders now eyeing the prospect of gas shortages as… Source link

The Russian rouble firmed past 62 to the dollar in Moscow trade on Friday while shares in internet giant Yandex fell sharply after EU countries imposed new sanctions against Russia. EU countries have agreed their sixth package of sanctions against Russia over what it calls a “special military operation” in Ukraine, including an import ban on all Russian seaborne crude oil and petroleum products in six to eight months. The rouble firmed despite the negative… Source link