Markets
TUNISIA – Tunisia’s fruit export sector has experienced a significant decline in revenue and shipment volumes from January through November 21, 2023. The North African nation saw its export earnings fall to TND 142.4 million, marking an 18% decrease compared to the previous year. The total volume of fruit exports…
The US dollar held its ground today, as investors digested Federal Reserve Chair Jerome Powell’s recent comments on the ongoing rate hikes and their impact on the economy. This stability comes against the backdrop of Moody’s (NYSE:) decision to downgrade the US sovereign credit rating, citing political and governance concerns.…
Source: Adobe/prima91 Open-source blockchain platform IOTA has unveiled its Abu Dhabi Foundation as part of its strategy to kickstart its Middle East expansion plans. IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi 🇦🇪! The new #IOTA Foundation will be seeded with over $100 million in $IOTA tokens…
Supermarket giant Kroger (KO) is gearing up for its third-quarter earnings report, due out before the market opens on Thursday, Nov. 30. The stock jumped 3.1% after earnings after beating quarterly estimates in its September report, one of five positive post-earnings moves in the last two years. Kroger stock has…
© Reuters. MUMBAI – Honasa Consumer Ltd., the parent company of digital-first beauty brand Mamaearth, has reached an all-time high in its share price following a series of positive financial reports and analyst upgrades. The company’s stock surged over 12% to an intraday high of INR 487 on the Bombay…
By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON/MOSCOW (Reuters) -OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, four OPEC+ sources told Reuters, after disagreements over those targets forced the group of oil-producing nations to postpone a key meeting. OPEC members Angola and…
Bangladesh’s central bank has reaffirmed its stance on maintaining a fixed exchange rate for the US dollar, as part of its ongoing efforts to stabilize the local currency and manage the dollar crisis that has intensified since the start of the financial year 2022-2023. Today, Bangladesh Bank (BB) engaged with…
Four recent class action lawsuits were filed against high-profile organizations and individuals for promoting the crypto exchanges, according to court documents filed in Miami on Monday. Cristiano Ronaldo, Major League Baseball, F1, and Mercedes-Benz and global advertising agency, Dentsu, are among the defendants listed. The litigations come less than a…
CrowdStrike Holdings is scheduled to report earnings after Tuesday’s close. The stock hit a record high of $298.48/share in 2021 and is currently trading near $213/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers…
Ron Baron recently gave a candid take on his investment in X about a year after the social media platform, formerly known as Twitter, was purchased by Elon Musk. “It is pretty hairy right now,” Baron said on stage at the annual Baron investment conference at Lincoln Center in New…