Invezz: Market News & Alerts

📰 Binance ends referral program in Turkey: here’s why
🔗 https://invezz.com/news/2024/10/23/binance-ends-referral-program-in-turkey-heres-why/

Benson Toti writes: Binance, the world’s largest exchange by trading volume, has terminated its referral program in Turkey, according to an announcement published on Oct. 23. The Binance Coin token BNB (BNB)…

📰 Luckin Coffee stock analysis: Is Cotti Coffee a big threat?
🔗 https://invezz.com/news/2024/10/23/luckin-coffee-stock-analysis-is-cotti-coffee-a-big-threat/

Crispus Nyaga writes: Luckin Coffee (LKNCY) stock price has retreated in the past few days, moving from this month’s high of $28.80 to $23.35. It has dropped by about 40% from its…

📰 What is the end goal of China’s stimulus plan?
🔗 https://invezz.com/news/2024/10/23/what-is-the-end-goal-of-chinas-stimulus-plan/

Dionysis Partsinevelos writes: China has made significant moves to stimulate its economy over the past months, mainly due to mounting economic pressures. The People’s Bank of China (PBoC) recently implemented one of…

📰 UK’s largest mortgage lender, Lloyds, reports third-quarter profits: Buy LLOY stock?
🔗 https://invezz.com/news/2024/10/23/uks-largest-mortgage-lender-lloyds-reports-third-quarter-profits-buy-lloy-stock/

Srinibas Rout writes: Lloyds Banking Group announced on Wednesday that its third-quarter profits exceeded expectations, reflecting growing financial confidence among its customers and reaffirming its performance guidance for 2024. The UK’s largest…

📰 Deutsche Bank beat third-quarter expectations, but what drove the surge?
🔗 https://invezz.com/news/2024/10/23/deutsche-bank-beat-third-quarter-expectations-but-what-drove-the-surge/

Diya Poddar writes: Deutsche Bank, Germany’s largest lender, returned to profit in the third quarter, reporting a net income of €1.461 billion ($1.58 billion) attributable to shareholders. This surpasses the €1.047 billion…

📰 TSMC denies US investigation over Huawei chip dealings amid reports
🔗 https://invezz.com/news/2024/10/23/tsmc-denies-us-investigation-over-huawei-chip-dealings-amid-reports/

Srinibas Rout writes: Taiwan Semiconductor Manufacturing Company (TSMC) has firmly denied being investigated by US authorities over its dealings with Huawei, following reports that its chips were found in the Chinese tech…

📰 DXY: Here’s why the US dollar index is soaring
🔗 https://invezz.com/news/2024/10/22/dxy-heres-why-the-us-dollar-index-is-soaring/

Crispus Nyaga writes: The US dollar index (DXY) continued its strong uptrend this week, reaching its highest point since August 2. It jumped to a high of $104.14, which was about 4%…

📰 Tokyo Metro shares soar 47% on debut after ¥348.6 billion IPO
🔗 https://invezz.com/news/2024/10/23/tokyo-metro-shares-soar-47-on-debut-after-¥348-6-billion-ipo/

Harsh Vardhan writes: Tokyo Metro Co.’s shares surged 47% in their market debut, opening at ¥1,630 and peaking at ¥1,768, significantly above the IPO price of ¥1,200. The public offering raised ¥348.6…

📰 Can NHL deal save Lululemon’s beleaguered stock?
🔗 https://invezz.com/news/2024/10/22/can-nhl-deal-save-lululemons-beleaguered-stock/

Wajeeh Khan writes: Lululemon Athletica Inc (NASDAQ: LULU) has teamed up with Fanatics on a new lineup of NHL apparel. Shares of the athletic apparel retailer are up 2.0% on…

📰 Bangladesh central bank raises key policy rate to 10% to combat soaring inflation
🔗 https://invezz.com/news/2024/10/22/bangladesh-central-bank-raises-key-policy-rate-to-10-to-combat-soaring-inflation/

Diya Poddar writes: In an effort to combat persistent inflation, Bangladesh Bank has raised the repo interest rate by 50 basis points, setting it at 10%. Effective from 27 October, this move…

📰 Russian ‘crypto queen’ Valeria Fedyakina, aka Bitmama, faces $23M fraud charges
🔗 https://invezz.com/news/2024/10/22/russian-crypto-queen-valeria-fedyakina-aka-bitmama-faces-23m-fraud-charges/

Diya Poddar writes: The Russian social media influencer Valeria Fedyakina, known as “Bitmama,” is under legal scrutiny, facing multiple fraud charges. Russian authorities allege that she caused damages of over 2.2 billion…

📰 Can Apple AirPods Pro 2 function as a hearing aid or offer hearing assistance?
🔗 https://invezz.com/news/2024/10/22/can-apple-airpods-pro-2-function-as-a-hearing-aid-or-offer-hearing-assistance/

Diya Poddar writes: Apple’s latest hearing health features, announced in September, will soon be available on the AirPods Pro 2 through a free software update. With these updates, users can take a…

📰 Crude oil prices struggle to break out as China demand remains sluggish
🔗 https://invezz.com/news/2024/10/22/crude-oil-prices-struggle-to-break-out-as-china-demand-remains-sluggish/

Sayantan Sarkar writes: Crude oil prices eased Tuesday as US Secretary of State Antony Blinken is in Israel to renew talks about a possible ceasefire in the Middle East. Oil prices are…

📰 The bullish case for the First Solar stock price
🔗 https://invezz.com/news/2024/10/22/the-bullish-case-for-the-first-solar-stock-price/

Crispus Nyaga writes: First Solar (FSLR) stock has crashed and moved into a technical bear market as traders focus on the ongoing US presidential election and the rising odds that Donald Trump…

📰 XPeng stock price analysis: technicals point to a 40% jump
🔗 https://invezz.com/news/2024/10/22/xpeng-stock-price-analysis-technicals-point-to-a-40-jump/

Crispus Nyaga writes: The XPeng (XPEV) stock price has pulled back after peaking at $13.73 on September 30th as most Chinese companies were soaring. It retreated to $1o.8 on Monday, 21% below…

📰 Ripple co-founder donates $10 million in XRP to boost Kamala Harris’ campaign
🔗 https://invezz.com/news/2024/10/21/ripple-co-founder-donates-10-million-in-xrp-to-boost-kamala-harris-campaign/

Benson Toti writes: Ripple co-founder Chris Larsen has made another crypto donation to the campaign of Vice President Kamala Harris. On Oct. 21, Larsen took to X to confirm reports that he…

📰 Is IONQ stock a better pick than Microsoft for exposure to quantum computing?
🔗 https://invezz.com/news/2024/10/21/is-ionq-stock-a-better-pick-than-microsoft-for-exposure-to-quantum-computing/

Wajeeh Khan writes: Quantum computing has been the front and centre of the financial debates this year – especially among investors on the lookout for the next big thing after artificial intelligence.…

📰 S&P 500 annual returns will be capped at 3% over the next decade, Goldman Sachs warns
🔗 https://invezz.com/news/2024/10/21/sp-500-annual-returns-will-be-capped-at-3-over-the-next-decade-goldman-sachs-warns/

Wajeeh Khan writes: S&P 500 has offered healthy returns over the past ten years but the investment landscape will be dramatically different through 2034, warns David Kostin of Goldman Sachs. The bank’s…

📰 Is Tesla launching a phone now?
🔗 https://invezz.com/news/2024/10/21/is-tesla-launching-a-phone-now/

Diya Poddar writes: Rumours of a Tesla smartphone have been circulating since 2021, despite no official announcement from the company. Speculation began with a YouTube concept video, sparking widespread discussions online about…

📰 Creditors challenge hedge fund’s bid for Citgo Petroleum in court
🔗 https://invezz.com/news/2024/10/21/creditors-challenge-hedge-funds-bid-for-citgo-petroleum-in-court/

Noris Soto writes: Recently, creditors for Citgo Petroleum have raised significant concerns regarding a proposed court agreement with the US hedge fund Elliott Investment Management. This agreement seeks to shift control of…