Media reports indicated that profits from its Chinese portfolio companies, which include ByteDance, balanced losses from organisations such as AutoStore and Symbotic (SYM). Overall, its Vision Fund division recorded a loss of 204.3bn JPY compared to its profitable status in the same quarter in 2023. This, however, includes administrative costs and the investment ups and…
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The company’s recent acquisitions include CDI Société Cotonnière de Distribution and Gain Capital Holdings. According to StoneX’s records, its non-taxable gain from the first acquisition was $23.5m for the nine months leading up to 30 June 2023. In its media statement, StoneX CEO Sean O’Connor said: We achieved record net operating revenues this quarter as…
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Carry trading occurs when investors borrow at low interest rates and invest in assets with higher returns. Weak US economic data triggered a stock plunge, which may prompt the US Federal Reserve to cut interest rates in an attempt to stem a recession. CNBC quoted a note from TS Lombard analysts, which read: The natural…
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According to this leading derivatives marketplace, the Purdue University/CME Group Ag Economy Barometer Index increased by eight points, the Index of Current Conditions by 10 points, and the Index of Future Expectations by seven points. Although the Eastern Corn Belt soybean and corn prices fell by 11% and 5% respectively, farmer sentiment is positive. High…
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Both the Nikkei 225 and TOPIX plunged by more than 12%. Benchmark indexes, which attained a record high on 11 July 2024, lost more than 20%. CNBC indicated that the Nikkei’s 12.4% decline was its worst day since ‘Black Monday’ in 1987. TOPIX fell by 12.23%. The Nikkei lost all financial traction gained since the…
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Energised by artificial intelligence (AI) and its future possibilities, the stocks of companies such as Apple, Microsoft (MSFT) and Tesla (TSLA) experienced prolonged rallies. A Reuters report indicated that Apple, Tesla, Alphabet (GOOG) , and Amazon (AMZN) shares dropped by more than 4%. Nvidia (NVDA) fell by 7% and Microsoft and Meta Platforms (META) by…
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Debuting on August 5, alongside a powerful video ad which speaks to its overall narrative, the campaign targets traders who embrace challenges, seize opportunities, and make bold decisions every day. It serves as a reminder that trading is not just about the act itself, but also the definition of what it means to be a…
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Economists believe that this weakening MXN performance, which typically fluctuates in tandem with USD movements, reflects apprehensions about a sluggish US economy. Risk-averse forex trading saw the greenback gain roughly 4% in the week ending 2 August 2024. Mexico’s latest data indicates a minor rise in unemployment with minimal changes in gross fixed investments during…
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The company’s reported revenue came in at $145.1m, 9% lower than the $157.9m predicted by Wall Street analysts. Marathon’s net loss, which includes a $148m loss on the fair value of digital assets, increased to $199.7m from $9m. According to the digital miner’s press statement, a year-on-year Q2 comparison shows that its Bitcoin (BTC) production…
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The British oil giant published its Q2 results and interim dividend margins on Thursday 1 August 2024. Although it beat forecasts, profits were down 19% from Q1, when Shell reported adjusted earnings of $7.7bn. Don’t miss out the latest news, subscribe to LeapRate’s newsletter According to media reports, Shell will run a share buyback scheme…
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