US Open – 12 December 2023 (Video)
Watch today’s US Open for insights on the US inflation update and the upcoming pivotal decisions by the US Fed, the Bank of England and the European Central Bank
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Watch today’s US Open for insights on the US inflation update and the upcoming pivotal decisions by the US Fed, the Bank of England and the European Central Bank
Google has lost its antitrust court battle filed by Epic Games three years ago. A California federal jury decided in favour of Epic Games, maintaining that Google has a monopoly in its app store’s distribution and payments market. Epic suggested that Google used its monopolistic position to squeeze out profit from app developers.
Companies are set to ramp up their investment in AI projects. This is according to Piper Sandler, who yesterday published it latest enterprise spending report, which asked chief information officers where they are planning to spend money. According to the report, “Enterprise AI spending intentions doubled from last year,” with AI ranking as the top category for investment.
The US oil and gas company announced an agreement to buy CrownRock following the recent M&A activity of giants Exxon and Chevron, cementing the consolidation trend of the energy market
AAPL.us is currently trading around $195, just shy of its all-time high, set in July, of $198.23.
The FOMC statement is due to be released on Wednesday at 7:00pm GMT. The CME FedWatch Tool suggests an unchanged target rate at 5.25%-5.50%. Inflation is moderating and, although the NFP was higher than anticipated, the labour market does seem to be cooling. These all point at monetary policy being in restrictive territory, aiding in achieving the Fed’s 2% inflation target over the coming months. However, the market will be…
The streaming market faced challenges over the last couple of years, but strategic initiatives by key players like Netflix create a growth runway and potential for better days in 2024
Watch today’s US Open for insights on the USD/JPY slump on BoJ pivot hopes, Eurozone’s Q3 contraction that bolsters prospects of peak ECB rates, Friday’s US jobs report and more
At its investor event yesterday, McDonald’s said that it is planning to open 10,000 new restaurants by 2027. This will bring the number of stores to 50,000 - it currently has more than 40,000 restaurants as per its latest quarterly filing.
Mastercard (MA.us) announced an increase in its dividend and another share buyback program. MA.us will raise its quarterly dividend to 66c (57c), which is a 16% increase. It will also repurchase $11bn of its own stock once its current $9bn plan is completed – there is $3.5bn still outstanding.
Watch today’s US Open for insights on the dovish hold by the Australian central bank, the drop in oil prices despite OPEC+ cuts, dovish ECB remarks and more
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