Day: October 29, 2024

V earnings out, trades +1.5% after hours

VISA 4Q ADJ EPS $2.71, EST. $2.58 VISA 4Q NET REV. $9.62B, EST. $9.49B VISA 4Q TOTAL VISA PROCESSED TRANSACTIONS $61.5B, EST. $61.5B VISA 4Q CROSS-BORDER VOLUMES AT CONSTANT CURRENCY +13% submitted by /u/XGramatik [link] [comments]

GOOGL earnings out, +5% after hours

ALPHABET 3Q EPS $2.12, EST. $1.84 ALPHABET 3Q REV. $88.27B, EST. $86.45B ALPHABET 3Q GOOGLE AD REV. $65.85B, EST. $65.5B ALPHABET 3Q GOOGLE CLOUD REV. $11.35B, EST. $10.79B ALPHABET 3Q YOUTUBE ADS REV. $8.92B, EST. $8.89B submitted by /u/XGramatik [link] [comments]

🚀 Momentum is bullish, but the index is overbought: DXY news from OCBC The US dollar (USD) continues to rise amid rising government bond yields.

🚀 Momentum is bullish, but the index is overbought: DXY news from OCBC The US dollar (USD) continues to rise amid rising government bond yields. The US Dollar Index (DXY) is currently set at 104.26. 📈 OCBC analysts Francis Chung and Christopher Wong noted that recent US data, including durable goods orders and economic sentiment data from the University of Michigan, were stronger than expected. submitted by /u/Yuriy_UK [link] [comments]

The car market bubble: ~33% of Americans who financed their cars now owe more on their loans than the vehicle is worth.

This represents 31 million auto-loan accounts registered by the Consumer Financial Protection Bureau. Making things worse, used vehicle prices in the US have dropped by ~22% over the last 3 years. Additionally, 24.2% of vehicles traded-in had negative equity in 2024, the most in 4 years according to Edmunds. These borrowers owed an average of $6,458 more than their car was worth when they traded it in, the most on record. The car loan crisis is here. submitted by /u/XGramatik [link] [comments]

BTCUSD can skyrocket, potentially bringing you over 1500000 points!!! BTCUSD formed a bullish flag pattern and broke the upper boundary approaching ATH. However, before the bull run begins, Bitcoin may retest the trendline again.

☄️ BTCUSD can skyrocket, potentially bringing you over 1500000 points!!! BTCUSD formed a bullish flag pattern and broke the upper boundary approaching ATH. However, before the bull run begins, Bitcoin may retest the trendline again. 🔥 CryptoQuant notes an accelerated rise in BTC demand from individual wallets (excluding exchange and miner wallets) during BTC’s range-bound phase, indicating a notable increase in retail and potential institutional interest. #btc #bitcoin #crypto #btcusd submitted by /u/Yuriy_UK [link] [comments]

🇻🇬/🇺🇸On the H4, GBPUSD is navigating within a symmetrical triangle and tests its upper border. 🎢 The price faces the 50-MA, which provides an extra layer of resistance. However, the RSI breaks above the 50-line, giving mixed opportunities in this case.

🇻🇬/🇺🇸On the H4, GBPUSD is navigating within a symmetrical triangle and tests its upper border. 🎢 The price faces the 50-MA, which provides an extra layer of resistance. However, the RSI breaks above the 50-line, giving mixed opportunities in this case. submitted by /u/Yuriy_UK [link] [comments]

🥇 XAU/USD reached ATH again, testing the trend line. At the same time, the price crossed the upper Bollinger line. ⚡️📊😋

🥇 XAUUSD reached ATH again, testing the trend line. At the same time, the price crossed the upper Bollinger line. TradeIdea 👇 🔼 If Gold breaks the trendline above the 2758, the rise will be up to 2790; 🔽 A rebound will drop XAUUSD to 2740 and then to 2728; ☄️What are your targets for XAUUSD? Share your opinion! 📲 Start Trading with FBS @fbsanalytics submitted by /u/Yuriy_UK [link] [comments]

Job openings in September tumbled by 418,000 to 7.443 million.

That was the lowest since February 2021 and much worse than the 7.980 million expected. Not to mention, August job openings were revised lower from 8.040 million to 7.861 million. The weak JOLTS reports adds to evidence of a slowing labor market and raises the chances of further rate cuts by the Fed this year. submitted by /u/glira31 [link] [comments]

Google wants to impose a fine of two undecillion rubles. The price is 2,000,000,000,000,000,000,000,000,000,000,000,000,000 rubles, approximately 217 quintillion times more, and a pittance to the world.

A Russian court imposed this absurd fine on Google after blocking Russian propaganda channels on YouTube such as RT and other state-controlled media. The court demands that Google restore access to these channels, and if it refuses, it imposes daily fines that double every week. The size of the fine of two undecillions of rubles (~$22.1 trillion) is clearly not comparable with either the global money supply or the real economy, which causes ironic reactions from many observers. The fine is more of a political gesture than a realistic requirement, since the amount is clearly unattainable even for such a large corporation as Google. The case highlights the tense relationship between Russia and Western tech giants, who continue to restrict Russian content in response to sanctions and censorship policies. submitted by /u/glira31 [link] [comments]

Paolo Ardoino: The U.S. Could Destroy Tether “With the Push of a Button.” Isn’t that just perfect! Anyone still doubting it?

Tether’s CEO, Paolo Ardoino, reminded everyone just how dependent the USDT stablecoin operator remains on the United States. In an interview with Coindesk, given a day after The Wall Street Journal published its report on an investigation into Tether, he again emphasized that the company responds to intelligence agency requests and follows sanction compliance rules. Tether collaborates with the FBI, Secret Service, and even has letters of appreciation from the U.S. Department of Justice. Altogether, the company works with 180 government agencies worldwide. According to him, Tether is fully dependent on U.S. government decisions, as the treasury bonds that make up the bulk of USDT reserves are held in accounts at Cantor Fitzgerald Bank. “No matter where you hold your bonds, they will ultimately end up in a Federal Reserve account,” Ardoino said, adding that if the U.S. wants to destroy the company, they could do it “with the push of a button.” submitted by /u/XGramatik [link] [comments]

So, the iPhone maker officially rolled out its first AI features on Monday, and…

Let’s just say it didn’t exactly break the world. Email summaries, a few photo editing tools, and minor tweaks to Siri? Yeah, not exactly Blade Runner territory. So, why the hype if even Apple admits the real cool stuff isn’t coming until next year? Well, the market’s just impatient, thirsty for anything AI-related. Meanwhile (devs, take notes), a hilarious idea is trending: what if iOS tracked how many kilometers we scroll every day on our phones? Honestly, that’s the only marathon I’d ever dominate. 🏆📱 https://preview.redd.it/ce5n8fvpgpxd1.jpg?width=1280&format=pjpg&auto=webp&s=0e07419504a0c148d19bc147b7ba811e9f1ad942 submitted by /u/FXgram_ [link] [comments]

Ford, PayPal and DR Horton fall premarket; Pfizer rises

Ford stock fell 6.5% after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity. PayPal stock fell 5% after the digital payments giant reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations. Pfizer stock rose 1.6% after the drugmaker raised its full-year profit forecast after better-than-expected sales of its COVID-19 treatment helped it beat estimates for third-quarter earnings. Royal Caribbean stock rose 0.7% after the cruise operator reported strong third-quarter numbers, even if its fourth-quarter earnings guidance disappointed. DR Horton stock slumped 9.6% after the home construction company missed Q4 estimates on top and bottom lines and issued weak guidance for fiscal 2025. VF Corp stock surged 19% in premarket trading on Tuesday after the struggling apparel and footwear maker reported a profit following two quarters of losses, prompting investors to bet on a faster-than-expected turnaround. JetBlue stock fell 5.6% after the carrier forecast falling revenue for the current quarter, overshadowing a quarterly earnings beat. Boeing stock fell 1.2% after the aircraft manufacturer said it raised around $21 billion in an upsized share sale, with the capital raise aimed at shoring up its cash position. McDonald’s stock fell 2.3% after the fast food giant issued disappointing global comparable sales, even as the company topped earnings estimates. SoFi Technologies stock rose 3% after the fintech company reported better-than-expected third quarter results and raised its full-year outlook. submitted by /u/Lor1al [link] [comments]

Apple set for biggest revenue jump in two years on iPhone demand in China

Apple is expected to report its biggest quarterly revenue jump in two years on Thursday, with iPhone demand faring better than recent years toward the end of the company’s annual release cycle, especially in China. The results will provide investors the first hints of demand for the latest iPhone 16 series, which was released a few days before the end of the company’s fiscal fourth quarter. But the focus will be on executive commentary for its fiscal first quarter amid fears that releasing its Apple Intelligence features at a slow pace could dampen a much-awaited AI-led “super-cycle” for Apple’s biggest seller. The company is playing catch-up in AI as Android smartphone rivals such as Samsung Electronics and software rivals such as Microsoft aggressively roll out applications aimed at tapping the generative AI boom. “The strength of the iPhone 16 cycle is the most important question heading into both the December quarter and FY25,” Bernstein analyst Toni Sacconaghi said. “Investors should expect Apple to be upbeat about iPhone 16 and Apple Intelligence, but it may or may not necessarily reflect the ultimate success of the cycle.” The company on Monday started a limited rollout of the features to U.S. customers in English, weeks after the iPhone 16 went on sale. For now, Apple Intelligence will remain unavailable in key markets including Europe and China, where the tech giant is under pressure from a resurgent Huawei, as well as other domestic players such as Vivo, Xiaomi and Honor. That has raised worries that customers may push device purchases from the all-important holiday season to next year, delaying a potential boost to sales from AI. In the September quarter, Apple is expected to report a 3.8% increase in iPhone sales, according to analysts’ estimates compiled by LSEG. That would snap two quarters of decline. Its overall revenue is expected to rise 5.7% in the July-September period, which makes up its fiscal fourth quarter, LSEG data showed. Revenue from Greater China is expected to rise 6.6%. Some iPhone models, including a version of the iPhone 16 Plus, had discounts of 10% on online retail platform Pinduoduo ahead of the model’s official release, according to local reports. That as well as the iPhone 16 series helped Apple finish with the second-largest share of the Chinese market in the three months to September, according to IDC data. Sales of iPad are set to rise 10.1% to $7.09 billion after a 23.7% jump in the prior three months, powered by launches of more powerful versions of the tablet. The services business – which includes its App Store and usually outpaces growth in Apple’s devices – is expected to see a 13.3% rise in sales, a tad slower than the prior quarter. The business faces rising hurdles after European Union antitrust regulators charged Apple with breaching the bloc’s tech rules in June. Apple’s lucrative deal with Alphabet that makes Google the default search engine in iOS is also facing scrutiny in the U.S. Its fourth-quarter results will also include a one-time income-tax charge of about $10 billion after Europe’s top court ruled against Apple in September in its court battle over its tax affairs in Ireland. https://preview.redd.it/a43c9opl9oxd1.png?width=800&format=png&auto=webp&s=3ff1a8c22f04b7f87db2186a338619537f8b5606 submitted by /u/Lor1al [link] [comments]

Base stablecoin transaction volume briefly tops all other chains.

The Coinbase-developed Ethereum layer-2 network Base was briefly the number one blockchain for stablecoin volume on the same day it hit a new all-time-high transaction count. Notching a record market share of stablecoin volume on Oct. 26, Base accounted for 30.06% of all stablecoin volume, beating out other chains, including Solana, Ethereum, and Tron, for the number one spot. https://preview.redd.it/ypjcmlmf0oxd1.png?width=1394&format=png&auto=webp&s=41e730f95596a94de8173d51aabbc666781c247b submitted by /u/Lor1al [link] [comments]

Lufthansa reports 9% decline in third-quarter profit as core brand struggles

German airline group Lufthansa reported on Tuesday a year-on-year fall in its operating profit in the third quarter, as its flagship brand struggles with low yields, competition with international airlines and spiralling costs. The third-quarter operating profit of 1.3 billion euros ($1.41 billion) was largely in line with the expectations of analysts polled by the company, but 9% lower than a year earlier. “Delayed aircraft deliveries, punctuality issues at our hubs in Germany and regulatory disadvantages are impacting our core brand,” CEO Carsten Spohr said in a statement. The third quarter, which includes the busy summer months for travellers, is usually the strongest for European airlines. But rising costs, unpredictability tied to the crisis in the Middle East and plane delivery delays continue to weigh on results. Shares of Lufthansa were down 3.7% in pre-market trading after the group’s third-quarter results were announced. Lufthansa’s passenger airlines, which include its namesake brand as well as carriers such as Austrian Airlines, Swiss International and Eurowings, generated an operating profit of 1.2 billion euros in the third quarter, down from 1.4 billion in the same period of 2023. The decline was driven mainly by a 234-million-euro decline in the result of its core brand Lufthansa Airlines, the company said in a statement. A slower recovery in corporate travel contributes, too, analysts said. “They probably face the toughest industrial backdrop out of any European airline – they were the most dependent on corporate revenue pre-pandemic,” Alex Irving, an analyst at Bernstein, told Reuters. In particular, the airline has repeatedly complained about its struggle to compete with Chinese carriers still able to fly over Russian airspace, prompting Lufthansa to suspend its Frankfurt to Beijing route. Yields, a proxy for airfares, fell 14% in the Asia-Pacific region in the third quarter, the company reported. “The fact that Lufthansa now must remove one of its oldest routes, Frankfurt-Beijing, from its flight schedule shows how much the balance of international competition is shifting,” a Lufthansa spokesperson told Reuters in an email. “European airlines are in an extremely unequal competitive position with China, as well as with airlines from the Persian Gulf and Bosporus.” TURNAROUND The group has launched a turnaround programme at its core brand in an effort to recover after a difficult earnings year to date. Lufthansa has already issued two profit warnings this financial year, as it grappled with costs tied to strikes. By 2026, the cost-cutting measures will have a gross effect on operating profit of around 1.5 billion euros, according to the company. Lufthansa confirmed its outlook for the full year, targeting group operating profit in a range of 1.4 billion to 1.8 billion euros, and maintaining 8% as a mid-term target for its operating profit margin. Analysts have cast doubts on whether this can be achieved by 2026. The profit margin for the 2024 financial year is expected at 4.3%, according to a company-led analyst consensus. https://preview.redd.it/xdn5y9okonxd1.png?width=800&format=png&auto=webp&s=86e92c60ade96e457fc8eec17b576d984eb700bf submitted by /u/Lor1al [link] [comments]