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A bleak year for the US dollar is drawing to a close with signs of stabilization, but many investors believe the currency’s decline will resume next year as global growth improves and the Federal Reserve moves further toward monetary easing. The US dollar has fallen by about 9% this year against a basket of currencies (DXY), heading for its worst annual performance in eight years. The decline has been driven by expectations of interest rate cuts by the Federal Reserve, narrowing interest rate differentials with other major currencies, as well as rising concerns over US fiscal deficits and political…
Alphabet can no longer be ignored. It is going back into our Bullpen list of stocks to watch after our unfortunate exit from the Google parent back in March. We got out of the name due to concerns that Google’s Gemini was not advancing quickly enough to compete with OpenAI’s ChatGPT, and because the Justice Department was seeking to force a spin-off of Google’s Chrome browser and prohibit Google from paying Club name Apple a hefty sum to be the default search engine in the iPhone maker’s Safari browser Since then, however, Google has launched Gemini 3 — which, in…
Pakistan and Bangladesh have reaffirmed their commitment to strengthening bilateral economic ties and enhancing cooperation on international taxation. The development came during a meeting between Md. Iqbal Hussain Khan, High Commissioner of Bangladesh, and Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), in Islamabad. During the meeting, both sides highlighted the long-standing brotherly relations between the two countries and agreed to explore avenues to boost trade and economic collaboration. A high-level delegation from Bangladesh’s National Board of Revenue (NBR), led by Muhammad Lutful Azeem, Member (International Taxes), is on a five-day official visit to Pakistan from December…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks were higher to start the holiday-shortened trading week, with dealmaking grabbing headlines. Jim Cramer highlighted asset manager Janus Henderson ‘s agreement to be acquired by General Catalyst and Nelson Peltz’s Trian for $7.4 billion. Jim said Janus is going private to make it “so that they don’t have to worry about the quarters.” Jim added, “That’s going to be a trend for 2026.” Elsewhere, Reuters reported that Softbank is racing to complete its…
A bleak year for the US dollar is drawing to a close with signs of stabilization, but many investors believe the currency’s decline will resume next year as global growth improves and the Federal Reserve moves further toward monetary easing. The US dollar has fallen by about 9% this year against a basket of currencies (DXY), heading for its worst annual performance in eight years. The decline has been driven by expectations of interest rate cuts by the Federal Reserve, narrowing interest rate differentials with other major currencies, as well as rising concerns over US fiscal deficits and political…
A bleak year for the US dollar is drawing to a close with signs of stabilization, but many investors believe the currency’s decline will resume next year as global growth improves and the Federal Reserve moves further toward monetary easing. The US dollar has fallen by about 9% this year against a basket of currencies (DXY), heading for its worst annual performance in eight years. The decline has been driven by expectations of interest rate cuts by the Federal Reserve, narrowing interest rate differentials with other major currencies, as well as rising concerns over US fiscal deficits and political…
Pakistan International Airlines Corporation Limited (PIACL) is all set to enter the bidding process tomorrow (Tuesday) for its privatisation, with three bidders expected to submit their offers to acquire management control of the national carrier. Meanwhile, Fauji Foundation has withdrawn from the process, a PIA spokesperson confirmed. The three bidders are: A consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited A consortium comprising Arif Habib Corporation Limited, Fatima Fertiliser Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited Air Blue (Private) Ltd. This will be the government’s…
While China has already logged a record-breaking trade surplus in the first 11 months of 2025, that milestone could be a harbinger of more protectionist pushback, an American research firm said on Monday – a development that could complicate the country’s efforts to meet its economic growth target in 2026.Though export performance remains the “most important” variable for China’s real economic growth rate next year, trade measures adopted by other countries and weaker demand will also have an impact, according to Rhodium Group co-founder Daniel Rosen.Changes to external demand and inventory restocking in developed economies – which the International Monetary…
China’s leader has promoted two PLA commanders who oversee the Taiwan Strait and the city of Beijing, suggesting that the dust has begun to settle following a massive purge in the military over corruption concerns.The move formally confirms Yang as head of the Eastern Theatre Command. Yang previously served as a lieutenant general in the PLA Air Force. A PLA theatre commander typically holds the rank of general, the highest active-duty rank in China.He succeeds Lin Xiangyang, whose expulsion from the Communist Party over serious violations of discipline and law was announced in October.Headquartered in Nanjing, Jiangsu province, the Eastern…
My top 10 things to watch Monday, Dec. 22 1. Stocks were headed for a higher open to kick off the holiday-shortened trading week . This follows a volatile week , during which the S & P 500 logged its third winning week in the past four. Still, there’s doubt about whether a “Santa Claus Rally” will actually happen. The New York Stock Exchange will close early on Wednesday for Christmas Eve, and will be closed entirely on Thursday for Christmas Day. 2. Gold soared to another record high earlier this morning. Prices have jumped around 70% since the start of…