Tesla stock has had a pretty lousy start to 2024. It isn’t unprecedented, but it’s bad enough that investors should ask themselves what’s going on. Tesla shares have fallen 12% to start the year. The S&P 500 and Nasdaq Composite both have been flat. There are a few non-Tesla reasons…

© Reuters. (Reuters) – XCF Global Capital has agreed to go public via a merger with special purpose acquisition company (SPAC) Focus Impact BH3 Acquisition, in a deal that values the sustainable fuels producer at $1.75 billion, the SPAC said on Friday. New York-based XCF Global, which owns multiple facilities…

By Naveen Thukral SINGAPORE (Reuters) -High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates. Global wheat, corn and soybean prices -…

By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s finance ministry said on Thursday it would switch to foreign currency sales from purchases in the coming weeks after December oil and gas revenues were lower than expected. The finance ministry’s currency interventions are carried out by the central bank. In…

Last updated: January 13, 2024 07:08 EST | 3 min read Genesis Global Source: AdobeStock / Timon Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures.…

© Reuters. End of an Era: Money Markets Predict Higher Interest Rates to Persist Beyond 2024 Quiver Quantitative – The financial markets are signaling that the era of near-zero interest rates, which prevailed for much of the decade following the global financial crisis, may be over. Money market pricing suggests…

Investing.com– Gold prices kept to a tight range in Asian trade on Wednesday after rising optimism over early interest rate cuts by the Federal Reserve drove a strong melt-up in prices through December.  The yellow metal blew past key levels in recent sessions, and was now trading less than $100…

NEW YORK – The foreign exchange market experienced notable movements today as the Euro initially strengthened against the US dollar, only to pare gains following the release of US inflation data. The exchange rate climbed early in the day to 1.0985, but later declined to $1.0964 after the US reported…

Last updated: January 11, 2024 22:09 EST | 1 min read Source: AdobeStockWhile the US has finally approved a decade-long wait for Bitcoin exchange-traded funds (ETFs), South Korea still stands firm in banning BTC ETFs.South Korea’s Financial Services Commission (FSC) said that the launch of virtual currency ETFs is “impossible”…

U.S. stocks finished mostly higher on Thursday with the S&P 500 closing just shy of record territory as the large-cap index heads for its best December since 2010. How stocks traded The S&P 500 SPX gained 1.77 points, or less than 0.1%, to close at 4,783.35. The Dow Jones Industrial…