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The investment bank says stocks like Apple are table-pounding buys ahead of quarterly results this week. CNBC Pro combed through Bank of America research to find buy-rated tech stocks with more room to run. Apple Bank of America recently raised its price target on the iPhone maker to $256 from $230. Shopify Time to buy shares of the Canadian provider of websites for businesses, according to Bank of America. Analyst Brad Sills recently upgraded Shopify to buy from neutral as a "more balanced growth & margin profile" take hold.
Persons: Wamsi Mohan, Apple, Mohan, GenAI, Brad Sills, Sills, Shopify, Sachin Salgaonkar, Mark Murphy, Satya Kumar, Samir Organizations: Bank of America, CNBC, Microsoft, Apple, Micron Technology, Sea, Apple Bank of America, Apple Vision, Micron Locations: Bank, Shopify, U.S, Singapore, Southeast Asia, Asia, Brazil, Boston, New York
Below, we've put together everything you need to know about how to watch UFC 304, which will see Leon Edwards and Belal Muhammad duke it out in a welterweight title fight. UFC 304 heads overseas to Co-op Live in Machester, England. ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 304 in the USUFC 304 will take place on Saturday, July 27. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. UFC 304 Fight Card: Edwards vs. Muhammad 2Main card — 10 p.m.
Persons: we've, Leon Edwards, Belal Muhammad, Edwards, Muhammad, Muhammed, Tom Aspinall, Curtis Blaydes, Aspinall, We'll, prelims, VPNs, ExpressVPN, Bobby Green, Paddy Pimblett, Leroy Duncan, Gregory Rodrigues, Arnold Allen Organizations: Business, UFC, ESPN, TNT, US, TNT Sports Locations: Machester, England, ExpressVPN, Canada
Céline Dion performed at the Paris Olympics opening ceremony on Friday. It was the Canadian singer's first live performance since 2020. Dion announced in late 2022 that she had been diagnosed with stiff person syndrome. AdvertisementCeline Dion closed out the Paris 2024 Olympics opening ceremony on Friday, marking the Grammy-winning artist's first live performance in four years. Following the performance, Dion wrote in an Instagram post that she was "honored" and "so full of joy to be back in one of my very favorite cities."
Persons: Céline Dion, Dion, , Celine Dion, Édith Piaf Organizations: Paris, Service, Business Locations: Canadian, French
I always rise to the occasion; even after all of the traumas and the downfalls, I’ve always risen.”Indeed, in the months leading up to the Paris Olympics, Biles has risen like never before. That medal haul could grow in Paris, where Biles is likely to compete in the women’s team event on Tuesday. The Olympics have arrived at an intriguing chapter in her career, and in Paris Biles will have the opportunity to complete an extraordinary arc of redemption. A senior member of the US team, Biles is a role model for young athletes both in and out of the gym. Above all, these Olympics are perhaps a timely reminder to enjoy the grace and genius of Simone Biles while you can.
Persons: Simone Biles, Maya Angelou, , , Biles, I’ve, “ Simone, … She’s, she’s, ” Chellsie Memmel, Simone, Hannah McKay, Reuters Memmel, ” Biles, “ Simone Biles, Dominique Dawes, CNN’s Sanjay Gupta, Naomi Baker, Vitaly Scherbo’s, Wilhelm Weiler, Dawes, “ She’s, Jamie Squire, Larry Nassar – Organizations: Paris CNN —, Tokyo, Netflix, Paris, Games, USA, Olympic, Bercy, Reuters, Tokyo –, Team USA, International Gymnastics Federation, USA Gymnastics Locations: Rio, Tokyo, Paris, Biles, Antwerp, Belgium, handstand, Michigan
Read previewElon Musk's transgender daughter said the Tesla CEO was an absent father who frequently rebuked her for being queer and feminine as a child. Wilson, who has stayed out of the public eye until now, told NBC News that Musk's comments went too far. Wilson told NBC News the book — which described her as being a supporter of "radical Marxism" via a quote from Musk's sister-in-law — was inaccurate and unfair. Isaacson also referred to Wilson by her middle name, Jenna, in the book, Wilson said. The author told NBC News that he reached out to Wilson's family members in an effort to reach her.
Persons: , Elon, Tesla, Vivian Jenna Wilson, Musk, Wilson, Justine Musk, Jordan Peterson, misgendering, I'm, Elon Musk, Richard Bord, Walter Isaacson, Musk's, Isaacson, Jenna, Peterson Organizations: Service, NBC News, Business, Getty, NBC Locations: California
Will These Sensational Skateboarding Tricks Win Japan Olympic Gold? Tokyo Olympics results If scored with the new format Total ATHLETE ATHLETE Total Yuto Horigome Japan Kelvin Hoefler Brazil Kelvin Hoefler Brazil Jagger Eaton U.S. Yuto Horigome Japan Jagger Eaton U.S. Tokyo Olympics results Yuto Horigome Kelvin Hoefler Jagger Eaton Japan Brazil U.S. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 5 START Huston landed 13 tricks while Horigome only did 7. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 Huston landed 13 tricks while Horigome only did 7. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 5 START Huston landed 13 tricks while Horigome only did 7.
Persons: , fluidly, won’t, Sora Shirai’s, Steve Caballero, Jason Rothmeyer, ” Jonathan Russell Clark, , Kelvin Hoefler, Kelvin Hoefler Jagger, Japan Jagger Eaton, Japan Kelvin Hoefler, Japan Kelvin Hoefler Brazil Kelvin Hoefler Brazil Jagger, Jagger, , Luca Basilico, Ian Michna, Sora Shirai, Shirai, Horigome Shirai, Horigome, Nyjah Huston, NYJAH HUSTON UNITED, START Huston, Huston, Liz Akama, Akama, Ginwoo Onodera, Yuto, Attila Kisbenedek, Kevin Harris, They’re Organizations: Tokyo Olympics, Paris Olympics, Team Japan, Tokyo, Total, Total Brazil Japan, Kelvin Hoefler Brazil U.S, Japan Kelvin Hoefler Brazil Kelvin Hoefler Brazil Jagger Eaton U.S, Jagger Eaton U.S, Brazil U.S, Tokyo Games, Paris, New York Times, Horigome, Paris Olympic, NYJAH HUSTON UNITED STATES, HOUSTON U.S, Basilico, Skate, Japan, Olympic, Agence France, Tampa Pro Locations: Tokyo, Japanese, Paris, Brazil, Total Brazil, Kelvin Hoefler Brazil, Kelvin Hoefler Jagger Eaton, Japan, Japan Kelvin Hoefler Brazil, Japan Kelvin Hoefler Brazil Kelvin Hoefler Brazil Jagger Eaton, Jagger Eaton, United States, Rome, American, JAPAN, JAPAN Rome, Budapest, Canadian
Being a veteran world-class swimmer — and cyclist, and runner — Taylor Spivey has dealt with worse than Paris’ River Seine. (Bertrand Guay / AFP via Getty Images)Standards for water quality differ in Europe than in the United States. “And that can be associated, on one hand, with the clement weather, dry weather. A month ago, we, basically, we hadn’t had yet a single day where the water quality had been acceptable for the whole year. Right now, probably, today, I would go swim.”GO DEEPER Team USA has owned the Olympic swimming pool — is that about to change in Paris?
Persons: , — Taylor Spivey, “ I’ve, Spivey, She’s, she’s, , , It’s, there’s, Taylor Spivey, Bertrand Guay, Anne Hidalgo, Victoria, Hans Lucas, we’ve, Dan Angelescu, ” Angelescu, clement, ” Spivey, Angelescu, wouldn’t, hadn’t, Dan Goldfarb, Sina Organizations: Athletic, United, Super, USA Lifesaving International, U.S, Tokyo Olympic, Games, Olympic, Getty, Paris, Eau de Paris, Olympians, Boston, New, Canadian Broadcasting Corporation, USA Locations: Paris, United States, Los Angeles, Tokyo, Seine, American, swimmable, , AFP, Europe, U.S, Austerlitz, Victoria Valdivia, Philadelphia, Chicago, New York City,
When Paris hosted the Olympics in 1924, it was the first time athletes stayed together in a village. The Olympic Village made its debut at the 1924 Paris Olympics. Hulton Archive/Getty ImagesBefore 1924, delegations stayed in hotels, military buildings, or with local families in host cities, according to the Olympics Studies Centre. "A contract has to be formed and charges have to be fixed each time," the IOC said. The organizers of the 1924 Paris Olympics also believed housing athletes together had benefits beyond logistics and cost.
Persons: Frantz Reichel Organizations: Paris, Hulton, Olympics Studies, International Olympic Committee, Asian Social, Canadian Center of Science, IOC, Paris Games
Vivian Jenna Wilson, the transgender daughter of Elon Musk, said this week that her father had been “uncaring” and behaved in a “cruel” manner toward her as a child over her being queer and feminine. In an exclusive interview with NBC News on Thursday, Ms. Wilson, 20, called Mr. Musk “cold,” “very quick to anger” and “narcissistic.” She described him as an absent father who, according to NBC, would “harass her for exhibiting feminine traits and pressure her to appear more masculine, including by pushing her to deepen her voice as early as elementary school.”Ms. Wilson’s interview came in response to remarks Mr. Musk made earlier this week about her transgender identity. In an interview on Monday with the Canadian psychologist Jordan Peterson that was streamed live on X, Mr. Musk used Ms. Wilson’s birth name, which is known as deadnaming, and said that she was “dead, killed by the woke mind virus.” Mr. Musk also said that he had been “tricked” into authorizing gender-affirming care for her. He later doubled down on his claims about Ms. Wilson on X, saying that she was “born gay and slightly autistic” but that she “was not a girl.”
Persons: Vivian Jenna Wilson, Elon Musk, , Wilson, Ms, Wilson’s, Musk, Jordan Peterson, Mr, , X Organizations: NBC
The largest active wildfire in the US has scorched more than 280,000 acres in eastern Oregon and another blaze has exploded to nearly 125,000 acres in California. • Park Fire explodes in size: By Thursday morning, the wildfire had burned an average of nearly 50 football fields per minute since starting Wednesday afternoon. • Firefighters battle massive Oregon fire: The Durkee Fire, which has burned an area larger than the city of Indianapolis, started on July 17 near the Oregon-Idaho state line. • Oregon wildfire destroys buildings: Three people were injured and two homes and 12 other structures were destroyed as the fire spread, according to the Oregon Department of Emergency Management. In this image provided by the Oregon Department of Transportation, shows an area burned by the Durkee fire near Interstate 84 close to Huntington, Oregon, on July 23, 2024.
Persons: Tina Kotek, Justin Trudeau, ” Julia Yarbough, Yarbough, Ronnie Dean Stout, Mike Ramsey, , ” Stout, Ramsey, Stout, CNN Stout, Noah Berger, , Danielle Smith, Mike Ellis, ” Ellis, ” Smith, Jasper, Richard Ireland, Organizations: CNN, Western, Cal Fire, • Firefighters, Oregon -, Oregon Department of Emergency Management, Oregon Gov, National Guard, Northern Rockies, National Interagency Fire Center, Oregon Department of Transportation, KOVR, DA, , ’ ”, , Public Safety, Emergency, Jasper National, Facebook Locations: Western United States, Canada, Oregon, California, Atlanta, Butte County, Indianapolis, Oregon - Idaho, Baker County, Boise, Colorado , Idaho , Oregon, Washington, Jasper, Alberta, Western, Northwest, Huntington , Oregon, Chico, Butte, Bidwell, Butte County , California, ’ ” Alberta, , ” Alberta, ” Ireland
Officials said on Thursday they feared as much as half the town of Jasper, Alberta, had been destroyed by wildfires so intense they generated their own weather. “It’s a sad day here because Jasper is such a gorgeous place,” said Mike Flannigan, a professor of wildland fire at Thompson Rivers University in British Columbia, on Thursday. The town is the gateway to Jasper National Park, a crown jewel of the Canadian parks system. At least 25,000 residents and tourists were evacuated from their homes before firefighters and emergency personnel also had to flee toxic smoke. The mayor called the destruction “almost beyond comprehension.”That fire was worsened by a pyrocumulonimbus, or a fire-generated thunderstorm, according to Dr. Flannigan.
Persons: Jasper, , Mike Flannigan, Flannigan Organizations: Thompson Rivers University, Jasper National Locations: Jasper , Alberta, British Columbia, Jasper, Canadian
AdvertisementAustralian Ariarne Titmus, 23, is the defending Olympic gold medalist in the event and the favorite entering Saturday’s competition. American Katie Ledecky, 27, took gold in the 400 free in the previous Olympics in Rio de Janeiro. Plus, the field includes 17-year-old Canadian phenom Summer McIntosh, who set the world record in the event in 2023 before Titmus re-set it. With none of the runners-up in view, Ariarne Titmus reaches for gold in the women’s 400-meter freestyle at the 2023 world championships. (Jacob Kupferman / Getty Images)(Top illustration: Dan Goldfarb / The Athletic; photos of Ariarne Titmus, Katie Ledecky and Summer McIntosh: Quinn Rooney, Maddie Meyer and Jacob Kupferman / Getty Images)
Persons: PARIS — It’s, Katie Ledecky, Summer McIntosh, Titmus, , I’ve, ” Ledecky, Erika Fairweather, McIntosh, She’ll, Adam Pretty, Canada’s, she’s, Ledecky, Regan Smith, Kate Douglass, Alex Walsh, ” Brent Arckey, don’t, Caeleb Dressel, ” Titmus, I’m, , Larisa Latynina, Jacob Kupferman, Dan Goldfarb, Ariarne Titmus, Quinn Rooney, Maddie Meyer Organizations: Paris Games, PARIS, Tokyo Games, Summer’s Games, CBC Sports, U.S, Titmus, McIntosh, Olympic Locations: Rio de Janeiro, U.S, Fukuoka, Japan, Sarasota , Fla, Tokyo, Titmus, Australia, Titmus Australia, Chartres, France, London, Soviet Union, Ledecky, McIntosh, Paris
New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.
Persons: Andrew Left, , Citron, Left, ” Citron, Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California
Tech is already making this Olympics a mess
  + stars: | 2024-07-25 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +1 min
Errant drones and soccer refereeing tech are already sparking chaos at this year's Olympics. Canada women's soccer coaches apologized after flying a drone over a New Zealand practice session. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.
Persons: , Paris —, they've Organizations: Service, Canadian Olympic Committee, New Zealand Football, Business Locations: Canada, New Zealand, Paris
New York CNN —Vivian Jenna Wilson, Elon Musk’s estranged daughter, publicly refuted several recent anti-trans statements her Tesla CEO and X owner father has made about her. After her transition, the billionaire said, he “vowed to destroy the woke mind virus.”Musk has previously been criticized for his anti-trans comments. Musk has previously spoken about his daughter, including in the authorized biography written by journalist Walter Isaacson and published last year. In the book, the billionaire blamed his daughter’s transition in part on her time at a progressive, Los Angeles school. In the Peterson interview, Musk said he considers his child “dead” following her transition.
Persons: New York CNN — Vivian Jenna Wilson, Elon Musk’s, Wilson, ” Musk, , ” Wilson, , Jordan Peterson, , Musk, Walter Isaacson, Peterson Organizations: New, New York CNN, Twitter, Musk’s Locations: New York, Los Angeles, California
As much as half of a town at the heart of a jewel of Canada’s national park system has been destroyed by a pair of wildfires that roared in from two sides, an official said on Thursday. “We don’t know particularly which structures have been damaged and which ones have been destroyed, but that is going to be a significant rebuild,” Danielle Smith, the premier of Alberta, told a news conference. She struggled to avoid tears describing the beauty of Jasper National Park and the damage to the community that shares its name. Pierre Martel, the director of fire management for Parks Canada, the national parks agency, told a briefing on Thursday afternoon that the “aggressive and fast-moving fire” was still burning in the park. As the fires expanded on Monday evening, about 20,000 tourists and the 5,000 residents of Jasper were evacuated, mostly west to British Columbia.
Persons: , ” Danielle Smith, Pierre Martel, Organizations: Jasper National, Parks Canada Locations: Alberta, Jasper, British Columbia
Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.
Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Congress created the Shuttered Venue Operators Grant in 2021 to help theaters and indie music venues stay in business during the pandemic lockdowns. A 2023 Business Insider investigation found that dozens of wealthy musicians used ineffective oversight and loopholes in the law to line their pockets. But once the law was passed, Strickland said he focused on helping as many people get money as possible. According to an email, he ended up telling NKSFB to pull the application, figuring he was being fed "BS" by a consultant.
Persons: Post Malone, Chris Brown, Nickelback, Lil Wayne, didn't, , Paul Anka —, David Hickok, Hickok, Bessy Wong, Mickey Segal, Anka, Segal, NKSFB, Kyle Leunissen, Suicideboys, Michael Strickland, Lites, Strickland, Paul Anka Organizations: Service, Small Business Administration, Business, Post, SBA, BI, Billboard Locations: Angeles, American, NKSFB
GRAND PRAIRIE, Alberta AP —One of two raging wildfires menacing the town of Jasper in the Canadian Rockies’ largest national park roared into town Wednesday and began burning buildings. Jasper National Park officials said the fire entered the southern edge of the community Wednesday evening and crews were battling multiple structural fires and working to protect key infrastructure. Forest firefighters and others without self-contained breathing apparatuses were told to evacuate to the nearby town of Hinton, with structural firefighters staying behind. Searchers looking through the backcountry trails of Jasper National Park already had picked up 245 people, and they continued the search Wednesday in two helicopters, Ellsworth said. Residents and visitors streamed out by the thousands late Monday and Tuesday, and officials said Wednesday the evacuation of the town of Jasper was complete.
Persons: James Eastham, , , Jasper, , Justin Trudeau, Danielle Smith, Katie Ellsworth, Carolyn Campbell, perimeters, Ellsworth, Crews, Marilyn Monroe, wasn’t, Leanne Maeva Joyeuse, “ We’re, ” Joyeuse Organizations: PRAIRIE , Alberta AP, Canadian Rockies, Jasper National, Parks Canada, Pipeline, Jasper National Park, Canadian Press, United Nations, Hollywood, Residents Locations: PRAIRIE , Alberta, Jasper, Hinton, Alberta, Canada, Jasper , Alberta, ” Jasper
Canada removed women’s soccer coach Bev Priestman from the team for the rest of the Olympics on Friday morning in Paris after learning of drone use against opponents that predates this summer’s Games. Priestman did not coach against New Zealand after a staff member for Canada was caught flying a drone over New Zealand’s training session on Monday. “Over the past 24 hours, additional information has come to our attention regarding previous drone use against opponents, predating the Paris 2024 Olympic Games,” Canada Soccer CEO and general secretary Kevin Blue said in a statement. On Wednesday, the Canadian Olympic Committee said that it discovered a separate drone incident at New Zealand training on July 19. The committee said Canada Soccer staff would also undergo “mandatory ethics training.”A FIFA representative and a representative for Priestman did not immediately respond to requests for comment.
Persons: Bev Priestman, Priestman, Kevin Blue, Andy Spence, Joseph Lombardi, Jasmine Mander, Lombardi, , Loic Venance Organizations: Canada, New, New Zealand, Priestman, Olympics, Canadian Olympic Committee, Canada Soccer, women’s, team, Paris, Soccer, Paris Games, Olympic, Ferns, Canadian, COC, FIFA, Getty Locations: Paris, New Zealand, Canada, Saint, France, AFP
CNN —From a young age, award-winning artist Tara Shakti knew she wanted to pursue a career creating paintings that empowered other women. Tara Shakti will be the first Malagasy artist to have her work sent to the moon. The main criterion for nomination is that artists’ work should have been included in a curated exhibit, collection, anthology or similar. Tara ShaktiThe artist was invited by Peralta to submit her work for the project after he discovered her paintings through social media earlier this year. “To have my work launched to the moon is an honor of immeasurable magnitude,” Shakti told CNN in an email.
Persons: Tara Shakti, Shakti, , , NASA ”, Samuel Peralta, ” Peralta, Peralta, Leonardo da Vinci, Shakti's, Shakti’s, NASA’s, Tara Shakti “, Tara Shakti’s, Ada Limón, Didi Mendez, they’re Organizations: CNN, SpaceX, NASA, Codex Polaris, Heavy, Embassy of, NASA’s Europa Clipper Locations: Madagascar, Africa, Florence, Paris, Canadian, Toronto, New York, Embassy, Embassy of Madagascar, France, Cuban American
CNN —The North American Aerospace Defense Command intercepted two Russian and two Chinese bombers flying near Alaska Wednesday in what a US defense official said was the first time the two countries have been intercepted while operating together. The US and Canada, which together comprise NORAD, intercepted the Russian TU-95 Bear and Chinese H-6 bombers. It also marks the first time H-6 bombers, which are a derivative of older Soviet bombers, have entered the Alaska ADIZ, the defense official said. The intercept was carried out by US F-16 and F-35 fighter jets, as well as Canadian CF-18 fighter jets, according to the defense official. In May, Russia flew four aircraft into Alaska’s ADIZ, which NORAD said at the time “occurs regularly.”But the presence of Chinese aircraft appears to be a new development.
Persons: Gregory Guillot, ” Guillot, Organizations: CNN, North American Aerospace Defense Command, NORAD, Canadian CF, US Northern Command, Senate Armed Services Committee Locations: Alaska, Canada, Russian, Russia, China
The Ford display at the New York International Auto Show on March 28, 2024. DETROIT — Ford Motor is set to report second-quarter earnings after the markets close Wednesday. Ford's second-quarter results last year included $42.43 billion in revenue; net income of $1.92 billion, or 47 cents per share; and adjusted earnings before interest and taxes, or EBIT, of $3.79 billion. Ford's guidance for the year includes adjusted EBIT of between $10 billion and $12 billion and free cash flow of $6.5 billion to $7.5 billion. Ford's stock is up about 15% this year, as pricing in the automotive industry has remained more resilient than expected.
Organizations: New York, DETROIT, Detroit, Motors, Ford Locations: Canadian
Dollar firms as commodities slide and carry unwinds
  + stars: | 2024-07-24 | by ( ) www.cnbc.com   time to read: +3 min
Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.
Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia
However, Ford went 0 for 2 on Wednesday as an old enemy in warranty expenses returned to bite the Blue Oval. And it's an even more unfortunate setback because Ford management said on its April earnings call that the company has made "real progress" on its goal of making better vehicles. The best story at Ford remains Ford Pro , the unit that houses the company's fleet and commercial vehicles. But last quarter management said the business was tracking toward the higher end of the range, and that no longer appears to be the case. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.
Persons: FactSet ., Motors, Ford, Morgan Stanley, Adam Jonas —, JD Power's, It's, Jim Farley, Jim Cramer's, Jim Cramer, Jim, Bill Pugliano Organizations: Ford, LSEG, FactSet, General Motors, Tesla, Ford Model, Revenue, Ford Pro, Super Duty, CNBC, Ford Dearborn Plant, Getty Locations: Ford, management's, Dearborn , Michigan
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