Gold futures fell, caused by a stronger U.S. dollar and a sharp rise in bond yields, but it’s a temporary dip as the precious metal should remain in demand as a hedge against inflation, which is likely to rise under president-elect Donald Trump, Commerzbank said. Source link
(Reuters) – Paramount Global missed quarterly revenue estimates on Friday as a lack of big hits at the box office and declines in its cable business outweighed better-than-expected subscriber growth at its streaming service after the return of NFL content. Revenue at the TV media business, which includes CBS and MTV, fell 6% in the third quarter due to lower spending from advertisers, a drop in subscribers and absence of
The Wall Street giant is expanding its services in a quest for more assets and stable fee revenue. Source link
By John Revill and Mimosa Spencer ZURICH (Reuters) -Cartier jewellery owner Richemont (SIX:) reported a dip in quarterly sales on Friday, as the luxury goods group largely offset tougher conditions in China with growth elsewhere. The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1% at constant exchange rates to 4.81 billion euros ($5.19 billion), slightly above analyst consensus forecasts of 4.78 billion euros cited
U.S. real yields, which are adjusted for inflation, could play a key role in determining the dollar’s performance, potentially limiting its rise, MUFG Bank said. Source link
By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering. Kioxia’s filings indicate it aims to conduct an IPO some time from December through June 2025. The chipmaker is targeting December, two people familiar with the matter said. Bain scrapped plans for an IPO in October after investors
Bond markets are likely to stabilize, awaiting clarity on U.S. policies after the elections, Societe Generale said, expecting the 10-year Treasury yield to remain in the 4%-4.5% range, while the two-year yield will remain pegged. Source link
TOKYO (Reuters) – Sony (NYSE:)’s operating profit soared 42.3% in the first half of the financial year ending March, the company reported on Friday. Profit for the April-September period was 734.18 billion yen ($4.80 billion). ($1 = 152.8700 yen) Source link
Japan’s finance minister issued a fresh warning to the currency market in the wake of Donald Trump’s election victory, which sent the dollar sharply higher against the yen. Source link
(Reuters) – Allegiant Air’s pilots have voted in favor of authorizing a strike action if the carrier fails to reach a fair agreement, the Teamsters union said on Thursday. The union, which represents 1,300 pilots of the low-cost U.S. carrier, said 97.4% of the Allegiant Air pilots voted for authorizing a strike. “Allegiant pilots are some of the most overworked and underpaid in the airline industry,” the union said in
