ADVFN US – Market Content Editor

Manufacturing activity in New York state showed a strong rebound in October, according to new data published Wednesday by the Federal Reserve Bank of New York. The regional Fed’s general business conditions index climbed to 10.7 this month from -8.7 in September, signaling a return to expansion after a sharp contraction. A positive reading indicates…

Roundtable CEO James Heckman and RYVYL Inc. (NASDAQ:RVYL) announced today that RYVYL has received confirmation from Nasdaq that it now meets the required shareholder equity threshold, removing the company from delisting risk and clearing a key hurdle ahead of its planned merger with Roundtable. The compliance milestone follows a direct capital injection from Roundtable into…

The U.S. dollar eased on Wednesday, pulling back from recent highs after Jerome Powell signaled a more cautious outlook on the economy, boosting expectations for interest rate cuts. Meanwhile, the euro gained ground, supported by developments in French politics. At 04:25 ET (08:25 GMT), the Dollar Index — which tracks the greenback against six major…

Amazon (NASDAQ:AMZN) is planning significant workforce reductions, with up to 15% of its human resources staff set to be laid off, according to a report by Fortune on Tuesday citing several people familiar with the matter. Additional cuts are expected in other divisions of the company. The downsizing is expected to heavily affect Amazon’s People…

Luxury shares rallied on Wednesday after LVMH (EU:MC) delivered stronger-than-expected third-quarter results, suggesting a stabilization in global luxury demand and sparking a sector-wide rebound. LVMH stock jumped 12% to above €599 in early trading. Shares of rivals Hermès (EU:RMS), Kering (EU:KER), Richemont (BIT:1CFR), Burberry (LSE:BRBY) and Moncler (BIT:MONC) also climbed between 5% and 8%, underscoring…

Oil prices edged lower again on Wednesday, extending the previous session’s slump as traders reacted to forecasts of a looming supply glut and renewed trade tensions between the world’s top two oil consumers. By 06:40 GMT, Brent crude futures were down 9 cents, or 0.14%, at $62.30 a barrel, while U.S. West Texas Intermediate futures…

Gold prices soared to a fresh all-time high in Asian trading on Wednesday, extending a powerful rally fueled by growing expectations of U.S. interest rate cuts and renewed friction between Washington and Beijing. Investors piled into the safe-haven metal for a third consecutive session, pushing it closer to the $4,200 per ounce mark. Spot gold…

Stellantis (NYSE:STLA) has issued a recall for 298,439 units of the Dodge Dart in the United States after identifying a defect in the shifter cable that may prevent the transmission from properly locking into park. The National Highway Traffic Safety Administration announced the recall on Wednesday, warning that the problem could cause vehicles to roll…