• Investing.com

    Erdogan confirms 'sultanate,' Turkish lira heading for new lows

    Investing.com - With 52% of the votes, Recep Tayyip Erdogan has been confirmed as Turkey's president until 2028, beating opposition leader Kemal Kilicdaroglu, who garnered just under 48% of the votes, in the second round.

  • Investing.com

    U.S. debt: Watch out for these warnings before celebrating the deal

    Markets started the week in the green, with the Ibex 35, CAC 40 and DAX buoyed by U.S. President Joe Biden's confirmation on Sunday that he has reached a tentative agreement to raise the debt ceiling with House Republican leader Kevin McCarthy, and that the text is ready to be voted on in Congress. This eliminates it as a potential issue in the 2024 presidential election. Analysts at Link Securities said that welcome the agreement as it will prevent the country from defaulting on its payment commitments, which investors had been fearing.

  • Investing.com

    Singapore's Temasek cuts pay of management behind FTX investment

    Investing.com-- Singaporean state-backed investor Temasek Holdings said on Monday that it had reduced the compensation for the investment team and senior management responsible for recommending the now-bankrupt FTX cryptocurrency exchange.

  • Investing.com

    Asia FX muted, dollar steady as Fed fears stifle debt deal cheer

    Investing.com -- Most Asian currencies kept to a tight range on Monday, while the dollar steadied at a two-month high as signs of sticky inflation and rising U.S. interest rates largely offset optimism over a U.S. debt ceiling deal.

  • Investing.com

    Asian stocks rise, Nikkei at 33-year high on debt ceiling optimism

    Investing.com -- Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite.

  • Investing.com

    Oil rises on tentative U.S. debt deal; China, Fed in focus

    Investing.com -- Oil prices rose in Asian trade on Monday as U.S. lawmakers said they had reached a provisional agreement to raise the debt ceiling, with focus now turning to key Chinese data this week for cues on the world’s largest oil importer.

  • Investing.com

    Dow futures gain ahead of public holiday

    Investing.com - U.S. stock futures were trading higher during Sunday's evening deals ahead of the Memorial Day public holiday, after major benchmark averages capped a positive week amidst ongoing debt ceiling negotiations, while closely watched PCE data came in higher than expected.

  • Investing.com

    Gold slips as rate hike jitters offset debt deal relief

    Investing.com -- Gold prices fell on Monday, extending three weeks of losses as strong inflation readings boosted the dollar and ramped up expectations of more interest rate hikes by the Fed, while fears of a U.S. debt default eased.

  • Investing.com

    Top 5 things to watch in markets in the week ahead

    Investing.com -- With a tentative agreement in place to raise the U.S. debt ceiling investors will be turning their attention to the Federal Reserve's plan for interest rates. Friday's U.S. jobs report will be closely watched - a strong number would fuel expectations for another rate hike in June. Elsewhere, PMI data out of China is expected to add to the view that the recovery in the world's second-largest economy is faltering, while Eurozone inflation data is likely to add to pressure on the E

  • Investing.com

    This week in tech: The Nvidia-led surge

    By Louis Juricic and Sarina Isaacs

  • Investing.com

    Energy & precious metals - weekly review and outlook

    The much-awaited deal to raise the U.S. debt ceiling is in, President Joe Biden said on Saturday, potentially setting equity and commodity markets on a new wave of risk-taking - after weeks of fear about a government default on payments. “Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,” Biden said in an announcement on Twitter, barely 24 hours after Treasury Secretary Janet Yellen said the administration had until June 5 to avoid default. Republican congressional leader Kevin McCarthy and Democrats led by Biden and Senate Majority Leader Charles Schumer have been in a stand-off for more than a month in raising the $31.4 trillion debt ceiling.

  • Investing.com

    Calls for Fed pause in June suffer blow as sticky inflation persists

    Investing.com -- The latest economic data released Friday showing the U.S. consumer isn’t ready to tap out yet, and inflation is back on the up and up has dramatically tipped the scales in the favor of June Federal Reserve rate hike, leaving some on Wall Street nervously clutching onto their calls for a pause in June.

  • Investing.com

    Treasury could run out of money by June 5 without debt-ceiling deal: Yellen

    Investing.com -- U.S. Treasury Secretary Janet Yellen warned Friday that the U.S. will run out of cash by June 5, should the government fail to raise the debt limit.

  • Investing.com

    Stock market today: Dow ends week lower despite rally on debt-ceiling optimism

    Investing.com -- The Dow ended the week lower despite rallying on Friday as optimism grows that negotiators in Washington are closing in on a debt-ceiling agreement that is needed to prevent the U.S. from defaulting on its debt payments.

  • Investing.com

    S&P 500 jumps as Washington closes in on debt-ceiling agreement, tech rallies

    Investing.com -- The S&P 500 jumped Friday as negotiators in Washington inched closer to a debt-ceiling agreement that is needed to prevent the U.S. from defaulting on its debt payments.

  • Investing.com

    Oil in 2nd weekly gain amid inflation bruise, ‘misquote’ on Russia

    On the other, it’s whether a stay or another cut is coming. New York-traded West Texas Intermediate, or WTI, crude settled Friday’s trade up 84 cents, or 1.2%, at $72.67 per barrel. London-traded Brent crude, the global benchmark for oil, settled up 69 cents, or 0.9%, at $76.95.

  • Investing.com

    Gold in 3rd weekly loss; Analysts say upside cracked, not entirely broken

    Investing.com -- Gold bulls are still counting on another record high if the Chicken Little metaphor of saving the world — or more precisely, the U.S. economy, from a government debt default or recession — doesn’t come true. Yet, the path of least resistance for the yellow metal over the past three weeks has been lower.

  • Investing.com

    Memorial Day Weekend Travel Set to Soar with 42.3 Million Americans Hitting the Ro

    Investing.com -- Memorial Day weekend is kicking off as a busy one for travel, as AAA projects that 42.3 million Americans will journey at least 50 miles from home - a 7% increase over last year's figures.

  • Investing.com

    Tesla Shares Surge 6% as Ford Motor Joins Its Supercharger Network

    Investing.com -- Tesla Inc (NASDAQ:TSLA) shares rose by 6% on news of an agreement with Ford Motor Company (NYSE:NYSE:F). The deal allows Ford electric vehicle (EV) owners to access Tesla's extensive Supercharger network starting next year.

  • Investing.com

    Midday movers: Marvell Technology, Ford Motor, Gap and more

    Investing.com -- Stocks are surging on Friday as investor optimism rose about lawmakers reaching an agreement on the debt ceiling in the next few days. Here are the market movers for May 26.

  • Investing.com

    U.S. stocks are rising as debt ceiling deal comes into focus; Marvell pops

    U.S. stocks are rising as investors await the outcome of debt ceiling negotiations. At 10:50 ET (14:50 GMT), the Dow Jones Industrial Average was up 332 points or 1%, while the S&P 500 was up 1.1% and the NASDAQ Composite was up 1.6%. Lawmakers appear close to announcing a framework for an agreement, though the debt ceiling deadline of early June is still looming as Congress takes a break for the Memorial Day weekend.

  • Investing.com

    Jefferies lifts rating of United Wholesale Mortgage to buy

    Investing.com -- Jefferies has upgraded its rating of United Wholesale Mortgage Holdings Corp (NYSE:UWMC) to buy from hold and raised its price target to $7, citing market share momentum.

  • Investing.com

    Citi raises price target for Salesforce amid margin optimism

    Investing.com - Citi analysts increased their price target from $210 to $229 on Salesforce Inc (NYSE:CRM) and maintained a neutral rating despite mixed performance during the quarter.

  • Investing.com

    Crude oil higher; U.S. demand stays healthy ahead of OPEC meeting

    Oil prices rose Friday, heading towards their second consecutive week of gains on signs of tightening U.S. supply and improving fuel demand in the world’s largest oil consumer. Both benchmarks are on course for gains of close to 2% this week on expectations of tighter U.S. supplies as the travel-heavy summer season approaches, boosted by an unexpected, hefty fall in U.S. crude oil inventories last week. U.S. commercial crude oil inventories fell by 12.5 million barrels a day, the largest weekly decline since November, while ING noted that “the 4-week average for implied gasoline demand remains just above 9MMbbls/d, which is the highest post-COVID level seen for this time of year.”