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(Bloomberg) -- A senior Turkish central banker told international investors this week that authorities expect to intervene less in the foreign-exchange market over time, according to people familiar with the discussions.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn meetings in London, Deputy Governor Cevdet Akcay said he expects improving inflat

Nordstrom, Inc. (NYSE:JWN) shares are trading lower on Wednesday. For the third quarter, the company’s net sales increased 4.6% compared to the same period in fiscal 2023, total company comparable sales increased 4.0%, and gross merchandise value increased 5.3%. JP Morgan analyst Matthew R. Boss reiterated the Underweight rating on the stock, raising the price forecast to $21 from $20. The analyst notes that despite favorable conditions for Nordstorm’s core customer base, including high personal

In carrying out campaign promises on trade and the border, Trump risks worsening the inflation dilemma that catapulted him to power.

Investment firms take aim at three major retailers as the holiday shopping season gets underway.

From Lockheed Martin to Etsy, the opinions Elon Musk shares on social media affect companies' stock and share values.

On Tuesday, Axsome Therapeutics Inc (NASDAQ:AXSM) said AXS-12 statistically significantly reduced the frequency of cataplexy attacks compared to placebo (p=0.017, primary endpoint) in Phase 3 ENCORE trial. AXS-12 was also well tolerated with long-term dosing, and its safety profile was consistent with that observed in previously completed trials. The primary endpoint was achieved with patients randomized to switch to placebo experiencing a mean increase of 10.29 cataplexy attacks per week compar

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Reddit, Inc. (NYSE:RDDT) is “fabulous,” adding that he is not a seller. According to a report last week, shareholder Advance Magazine Publishers, Inc. plans to establish a credit facility using its stake in the company. Yahoo Finance reported that the publishing company aims to make as much as $1.2 billion in a sale of 7.8 million shares for between $145.38 and $148.54 per share. “I am concerned that many auto parts may be made in China, we

CrowdStrike shares slumped Wednesday after the company reported an unexpected loss for the third quarter as it grapples with the fallout from a massive outage in July, but analysts are still bullish on the stock.

South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy meeting, the Bank of Korea cut its benchmark interest rate by a quarter percentage point to 3%. The bank cut its policy rate by a quarter percentage point to 3.25% in October in its first rate cut since May 2020 in the depths of the COVID-19 pandemic.

(Bloomberg) -- With oil prices headed for a second annual decline and a widely expected surplus in 2025 fast approaching, bullish traders are clinging to positive signals in downstream markets. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasPrices for fuel oil in Asia are at their strongest since 2022, while in Europe the cost of the ship and power-