Anglo American has reported a decline in rough-diamond sales for its majority-owned subsidiary, De Beers Group, in the eighth cycle of the year. This decrease can be attributed to the company's decision to reduce diamond availability, as certain areas of the mid-level industry work towards rebalancing their stock accumulation. In the eighth sales cycle of 2023, De Beers sold … [Read more...] about Diamond Sales Decline for De Beers Group in Eighth Cycle
Forex News
U.S. Stock Futures and Treasury Yields
U.S. stock futures showed little direction on Thursday as Treasury yields slightly stabilized, indicating a slowdown in the bond market sell-off. Stock Index Futures Trading S&P 500 futures (ES00) declined by 4 points, or 0.1%, to 4294. Dow Jones Industrial Average futures (YM00) dropped 45 points, or 0.1%, to 33281. Nasdaq 100 futures (NQ00) slipped 16 points, or 0.1%, to … [Read more...] about U.S. Stock Futures and Treasury Yields
Dell Expects Steady Revenue and Profit Growth
In a recent meeting with securities analysts in New York, Dell Technologies reiterated its annual revenue growth expectations of 3% to 4%. Additionally, the PC and enterprise-hardware company raised its adjusted profit growth target to 8% or better, up from a previous forecast of 6%. This upward revision reflects Dell's confidence in its performance. The company also announced … [Read more...] about Dell Expects Steady Revenue and Profit Growth
Tesla Reduces Prices of Model 3 and Model Y Vehicles
Tesla, the renowned electric-vehicle company, has recently announced a price reduction for its Model 3 and Model Y vehicles in the United States. This move comes as part of Tesla's ongoing efforts to increase affordability and accessibility in the electric vehicle market. Model 3 Pricing Updates According to the company's official website, Tesla has reduced the price of its … [Read more...] about Tesla Reduces Prices of Model 3 and Model Y Vehicles
Resilient U.S. Job Market Fuels Bond-Market Rout
U.S. hiring experienced a notable surge last month, providing further evidence of the strength of the American economy and contributing to the recent bond-market upheaval. In September, employers added a staggering 336,000 jobs, marking the most substantial gain since January and a significant increase from the upwardly revised 227,000 gain in the previous month, according to … [Read more...] about Resilient U.S. Job Market Fuels Bond-Market Rout
