A Ferrari logo is being installed on a Ferrari car at Ferrari’s new ‘e-building’ facility where the luxury sportscar maker is testing lines before an expected start of car production in early 2025, in Maranello, Italy, June 21, 2024.  Daniele Mascolo | Reuters Shares of Ferrari experienced their worst daily performance since March 2022 after the company reported third-quarter results Tuesday that disappointed investors. Ferrari said its core earnings rose

By Jamie McGeever ORLANDO, Florida (Reuters) -Politics is often a major driver of exchange rates in emerging economies where elections, leaders and government policies can play a big role in shaping trade and investment flows. That’s not often the case for major currencies in markets with much deeper investment flows and liquidity – like the U.S. dollar.     But the greenback’s explosive rally following the U.S. presidential election shows that

Cigna’s stock jumps 2.7% after earnings beat estimates and company raises guidance Source link

Investing.com– Gold prices fell in Asian trade on Friday, seeing little relief even as the dollar slid in the wake of an interest rate cut by the Federal Reserve, while markets also digested the ramifications of a second Donald Trump presidency.  The yellow metal was battered by a sharp rally in the dollar this week after Trump won the 2024 presidential election. But the dollar retreated from four-month peaks on

Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares finished up 23% on Tuesday for a record close after the data analytics software maker reported robust third-quarter results and issued uplifting revenue guidance. The stock reached a closing high of $51.13, above the prior record of

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The period of low volatility that the Indian rupee has enjoyed may not last now that Donald Trump is poised to become U.S. president once again, bankers and advisors cautioned, urging companies to manage their forex risks more prudently and proactively. The rupee dropped to an all-time low of 84.3625 to the U.S. dollar on Thursday, adding to the previous day’s

Pinterest Inc.’s stock tumbled in after-hours trading Thursday after the company, which operates a platform for photo and video sharing, posted third-quarter earnings showing a slim revenue beat. Source link

(Reuters) – This year’s U.N. climate conference in Baku, Azerbaijan, marks the world’s 29th leadership gathering to confront global warming since the first “Conference of the Parties” in 1995.     Here are some of the most significant moments in the history of climate talks:     1800s – For about 6,000 years before the industrial era, global levels of atmospheric carbon dioxide (CO2) remained around 280 parts per million (“ppm”). Several European

Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro, the embattled server maker that’s late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited quarterly results on Tuesday. The stock dropped 17% in extended trading after the company’s revenue trailed estimates, guidance came in weaker

Investing.com– Most Asian currencies steadied on Friday after clocking sharp gains in the prior session, while the dollar nursed some losses after the Federal Reserve cut interest rates as widely expected. Regional currencies recouped a bulk of their weekly losses after the Fed’s move, with some even turning positive for the week. The dollar, on the other hand, tumbled from four-month highs, with some traders also locking in recent gains.