Cava Group Inc., the Mediterranean-focused fast-casual restaurant chain, is riding a strong wave that shows no sign of cresting with its latest earnings beating Wall Street estimates on every metric, sending the stock up 16% early Wednesday. Source link

Investing.com — Oil prices rose slightly Wednesday, hovering just above two-week lows after the OPEC cut its demand outlook again, while focus rturned to inflation data out of the US. AT 07:50 ET (12:50 GMT), rose 0.1% to $71.99 a barrel, while gained 0.2% to $68.23 a barrel. Oil prices were nursing steep losses over the past three sessions after fresh fiscal measures from China largely underwhelmed, while fears of

By Medha Singh (Reuters) – The pound hovered near three-month lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed inflation was easing in the UK. Sterling dipped 0.1% to $1.2795 after hitting its lowest since early August at $1.2719 on Tuesday, after data showed regular pay for British workers grew at its slowest pace in two years in the third

Investing.com – As the U.S. election unfolded, traders anticipated heightened market volatility, particularly in the Gold () market. This scenario provided a unique opportunity to assess the trading environments offered by key brokers, including Vantage, IC Markets, TMGM, XM, and Equiti across several criteria: leverage, spread value, spread volatility, non-slippage rate, market depth, large order costs, and swap costs. Selecting Brokers and Methodology The brokers were chosen based on their

Investing.com – The U.S. dollar slipped slightly Wednesday, falling from a six-month peak, ahead of the release of key US inflation data, which will provide more clues on the future path of interest rates.  At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 105.850, after trading above 106 for the first time since early May. US

By Trixie Yap, Florence Tan and Chen Aizhu SINGAPORE (Reuters) – Glencore (OTC:) and Chandra Asri, gearing up to complete their takeover of Shell (LON:)’s landmark Singapore refinery, have set up a new operating company and will earmark roughly 20% of output for the plant’s outgoing owner, sources familiar with the matter said. The venture has lined up long-term crude supply from Abu Dhabi National Oil Co (ADNOC) and is

BAKU (Reuters) -World leaders are speaking at the U.N. climate summit in Baku on Wednesday.  Here are the latest comments: ALBANIA PRIME MINISTER EDI RAMA “I decided to leave aside my well prepared speech because …yesterday I was watching the silent TV in the leaders’ lounge, where the organizers have thoughtfully added green plants above the comfortable couches. “People there eat, drink, meet, and take photos together, while images of

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter, spurred by growth in games, advertising and cloud services. Tencent reported profit attributable to shareholders of 53.23 billion yuan ($7.37 billion) in the third

By Valerie Volcovici BAKU, Azerbaijan (Reuters) – President Joe Biden’s administration has asked the European Union to ensure liquefied shipments that meet U.S. methane regulations automatically comply with Europe’s standards for imports, according to a letter seen by Reuters. Linking U.S. and EU methane standards would safeguard United States’ growing LNG trade with Europe while also cementing Biden’s methane rules, even if they are eventually repealed by President-elect Donald Trump’s

By Brigid Riley TOKYO (Reuters) -The U.S. dollar held below a 6-1/2-month peak against major peers and bitcoin edged further off record highs on Wednesday as markets hit pause on so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump’s victory in the U.S. presidential election last week, sitting not far from Tuesday’s high of 106.17, its