Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about
Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise.
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Microsoft sales chief Althoff gets new role as CEO of company’s commercial business
Bringing together sales with marketing and other functions is critical for Microsoft to lead in the artificial intelligence era, CEO Satya Nadella said. -
Microsoft launches AI and productivity software bundle for consumers
The software company introduced Copilot Pro at $20 per month in early 2024. -
Government shutdown means opportune timing for Neptune Flood IPO
Neptune Insurance, the nation’s largest private flood insurance, goes public on the New York Stock Exchange Wednesday. -
We’re trimming a disappointing stock to raise cash for better opportunities elsewhere
The relief rally in drug stocks opened the door for this sale. -
Preview of RBNZ: Getting the OCR to Where It Needs to Be
We expect the RBNZ to cut the OCR by 50bp to 2.5% at its October meeting. An easing bias will likely be maintained that’s dependent on data to come. Signs of greater than expected excess capacity will be highlighted and the prospect of subdued medium-term inflation pressures will motivate the MPC’s decision. The arguments for […]
The post Preview of RBNZ: Getting the OCR to Where It Needs to Be appeared first on Action Forex.
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States sue Zillow, Redfin for alleged antitrust violation in online rental housing
Attorneys general from New York, Virginia, Arizona, Connecticut and Washington filed a lawsuit against Redfin and Zillow on Wednesday. -
US: ISM Manufacturing Index Shows Seventh Consecutive Month of Contraction
The ISM Manufacturing Index rose to 49.1 in September, up from 48.7 in August, but remaining in contractionary territory. Only five of 18 industries reported growth last month, down from seven in August. Similar to August, roughly 70% of manufacturing GDP contracted in August. Demand conditions worsened in September, after showing signs of turning a […]
The post US: ISM Manufacturing Index Shows Seventh Consecutive Month of Contraction appeared first on Action Forex.
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ADP Reports Two Consecutive Months of Job Losses in Private Sector
Independent data provider ADP reported a decline of 32k jobs in the US private sector in September. The data was significantly worse than the expected growth of 50k. Moreover, August figures were revised down from +54k to -3k. ADP thus paints a very bleak labour market picture, while recent revisions to official figures suggested that […]
The post ADP Reports Two Consecutive Months of Job Losses in Private Sector appeared first on Action Forex.
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Microsoft hikes price of top-tier Xbox Game Pass Ultimate by $10
Microsoft announced Wednesday that the price for its Game Pass Ultimate subscription will jump by 50% to $29.99 per month, effective immediately.
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