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The US dollar declined in European trade on Monday against a basket of major rivals, on track for the sixth loss in a row, about to plumb four-month lows amid concerns about US growth due to Trump’s trade policies. The US economy added less jobs than expected in February, bolstering the odds of a Fed rate cut during the first half of the year, with traders now waiting for US inflation data this week to gather more clues. The Index The dollar index fell 0.35% today to 103.56, with a session-high at 104.03. On Friday, the…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Manic Monday : U.S. stocks got slammed to start the new week, with the Dow closing down 890 points or roughly 2.1%, the S & P 500 down 2.7%, and the Nasdaq down 4%. That’s off the lows of the session. A sharp drop in bond yields did not help stocks Monday. Economic fears gripped Wall Street after President Donald Trump went on Fox News Sunday but didn’t rule out a…
Apple stock dropped more than 5% on Monday following a bearish Wall Street call and an overall market rout. But Jim Cramer warns investors against buying the dip, just yet. “I see no reason to buy it whatsoever. Let them take [the stock] down. I know a lot of shorts, and I know they’re just going to press their bet,” Jim said during Monday’s Morning Meeting. Apple shares are sliding after Citi analysts cut iPhone sales estimates for calendar year 2025 and 2026, citing artificial intelligence upgrade delays for virtual assistant Siri. Citi also dropped its positive catalyst watch on…
The euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the second session against the dollar, and about to touch four-month highs after marking the best weekly performance in 16 years. Following the European Central Bank’s latest policy meeting, the odds of a rate cut in April declined as traders now await more data and clues. The Price The EUR/USD pair rose 0.4% today to $1.0871, with a session-low at $1.0827. The euro rose 0.45% on Friday against the dollar, marking the fourth profit in five days, and hitting…
President Donald Trump and other senior White House officials have spent the past several days bracing Americans for a potential economic slowdown that they say will then lead to stronger growth ahead.With fears brewing over the potential tariff impact, the labor market slowing and indicators pointed toward a possible negative growth in the first quarter, the president and his top lieutenants are projecting a mostly optimistic outlook tempered with warnings about near-term churning.”There is a period of transition, because what we’re doing is very big,” Trump said Sunday on the Fox News show “Sunday Morning Futures.” “We’re bringing wealth back…
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. Wall Street had another ugly open as investors remained concerned about President Donald Trump’s tariffs and economic uncertainty more broadly. The tech-heavy Nasdaq is down over 3.5%, while the S & P 500 is lower by almost 2%. The 30-stock Dow is the relative outperformer, down about 300 points, or 0.75%. Jim Cramer summarized our approach to the weak market like this: “We have to be targeted. We have to buy the stocks that…
Remittance inflow since Jan 2024 Figures in USD Billion The inflow of overseas workers’ remittances into Pakistan stood at $3.1 billion in February 2025, 3.8% up than $3 billion in January 2025, the State Bank of Pakistan (SBP) data showed on Monday. Remittances increased by 38.6% year over year, compared to $2.25 billion recorded in the same month last year. Cumulatively, with an inflow of $24.0 billion, workers’ remittances increased by 32.5% during Jul-Feb, FY25 compared to $18.1 billion received during Jul-Feb, FY24. Home remittances play a significant role in supporting the country’s external account, stimulating Pakistan’s economic activity as…
Since late February, the employees of DJI – China’s premier drone maker – have conducted an unusual nightly ritual.At precisely 9pm, human resource managers fan out across its Shenzhen headquarters, herding workers from their cubicles as if leading a fire drill. Stragglers are quickly prodded from their desks in service of a new rule; employees must clock out by nine.The scene just minutes later – vacant parking garages, a silent campus – was previously unheard of at the tech company, long known for keeping the lights on well past midnight.The move, which followed recent vows from the government to crack…
Eid Al Fitr this year is expected to take place either on Sunday, March 30, or Monday, March 31, depending on the sighting of the moonWith the Eid Al Fitr 2025 holiday just around the corner, UAE residents are eagerly packing their bags and preparing for exciting getaways to celebrate with family and friends. This holiday is a special occasion for all Muslims and is a time for celebrating with loved ones. It marks the end of the month of Ramadan, a period of month-long fasting for Muslims around the world, and the start of Shawwal, the tenth month in…
Beyond Meat got off to a sizzling start when it made its IPO debut in 2019. As the company and others in the plant-based meat industry developed better-tasting products, sales boomed and stock prices soared. Growing partnerships with restaurants and retailers generated greater acceptance among consumers.”Everybody wanted a piece of them. Everybody wanted to tell their story,” said Alexia Howard, senior research analyst for U.S. food at Bernstein. “And that encouraged people to trial the products.”Beyond Meat’s successful IPO aligned with the broader excitement around meat substitutes. Sales for the overall market reached $1.3 billion in 2020, a 46% increase…