November 17, 2024

Sixth typhoon in a month makes landfall in Philippines

Weather worsens in Philippines as Super Typhoon Man-yi gets closer A super typhoon has made second landfall on the Philippines’ main island of Luzon, with forecasters warning of “life-threatening storm surge”, heavy rains and severe winds. Man-Yi, known locally as Pepito, first touched down on the country’s eastern Cantanduanes island at 21:40 local time (13:40 GMT) on Saturday, with maximum sustained wind speeds of 195 km/h (121mph), the state forecaster

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November 17, 2024

McDonald’s, Starbucks aim to improve

A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to be a great year,” Kate Jaspon, CFO of Dunkin’ parent Inspire Brands, said at

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November 17, 2024

Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions

After last month’s excitement over stimulus plans, Chinese stocks now face mounting challenges as earnings have yet to pick up and heightened U.S. trade tensions loom. “Stock picking remains important with [the] headwind of tariffs, a weaker currency and persistent deflation,” Morgan Stanley chief China equity strategist Laura Wang and a team said in a report Thursday. For investment options, she referred to the firm’s survey of China stocks the

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November 17, 2024

Dollar notches weekly gain as traders reassess rate cut expectations By Reuters

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON (Reuters) -The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less

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November 17, 2024

Russia resells more gas in Europe after cutting off Austria, sources, data show By Reuters

By Jason Hovet, Thomas Escritt and Dmitry Zhdannikov BERLIN/PRAGUE/LONDON (Reuters) – Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data showed. Russia, which before the Ukraine war was the biggest single supplier of gas to Europe, has lost most of its buyers on

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November 17, 2024

Here are 6 potential changes in crypto markets under a Trump administration By Investing.com

Investing.com — JPMorgan analysts anticipate significant shifts in crypto markets under a second Trump presidency, driven by a Republican-controlled Congress and expectations of crypto-friendly policies.  These changes could reshape the regulatory and market landscape, according to the investment bank. Pending Legislation AdvancesKey crypto-focused legislation, such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Clarity for Payment Stablecoins Act of 2023, might be expedited, says JPMorgan.

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November 17, 2024

Real Vision Analyst Jamie Coutts Issues Bitcoin Warning Amid Strong Dollar Rally, Says Macro Backdrop Soured

Real Vision’s head crypto analyst Jamie Coutts says that the US dollar is on the verge of foiling the rally for Bitcoin (BTC) and digital assets. While the long-term bullish structure is still intact, Coutts says that a strong dollar is threatening to derail BTC’s movement in the short term. “The macro backdrop has soured. Dollar strength is not good for Bitcoin. Ann Funding rates hit 40% 2 days ago.

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