LVMH in Talks to Sell Marc Jacobs
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Yahoo
an hour ago
- Yahoo
Amine Adli to Bournemouth is considered a ‘done deal'
Bournemouth are set to complete the signing of Bayer Leverkusen attacker Amine Adli (25). According to , the Moroccan's move to the Premier League club is considered a 'done deal' after both parties reached an agreement for a €30m transfer. Bournemouth will pay an initial €21m plus €9m in add-ons, some of which may be unachievable. Plettenberg further reports that a realistic total is around the €27m fee. Bayer Leverkusen have also given the green light for Adli to undergo a medical. The former Toulouse player – who also had interest from Sunderland and Marseille – has already provided one assist for B04 this season during their DFB Pokal win against Sonnenhof Großaspach. Adli's move to Bournemouth comes just hours after it was reported that the Bundesliga side are closing on an agreement with Manchester City to sign Argentine midfielder Claudio Echeverri on a season-long loan without an option to buy, beating Borussia Dortmund to sign the 19-year-old. GGFN | Daniel Pinder
Yahoo
an hour ago
- Yahoo
Dollar Moves Lower with T-Note Yields
The dollar index (DXY00) on Wednesday fell by -0.05%. The dollar fell from a 1-week high on Wednesday and turned slightly lower on a decline in T-note yields. Also, political risks and concerns about Fed independence weighed on the dollar after President Trump called for Fed Governor Lisa Cook to resign amid a probe into two personal mortgages. FHFA Director Pulte wrote a letter to Attorney General Bondi suggesting Ms. Cook may have committed a criminal offense by allegedly falsifying bank documents and property records to acquire more favorable loan terms. The dollar initially moved higher on Wednesday after EUR/USD fell to a 1-week low when ECB President Lagarde said she sees slower growth in the Eurozone. The weakness in stocks on Wednesday has also boosted some liquidity demand for the dollar. In addition, the dollar has support due to speculation that last week's stronger-than-expected July PPI report could keep the Fed from cutting interest rates at next month's FOMC meeting, as expectations for a -25 bp Fed rate cut in September fell to 84% area from 93% before the report. More News from Barchart What Will Powell Reveal About Interest Rate Cuts on August 22? And How Will Markets React? Dollar Recovers as Stocks Falter Signs of Peace Progress in Ukraine Boosts the Euro and Weighs on the Dollar Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Wednesday's minutes of the July 29-30 FMC meeting were hawkish and supportive of the dollar. The minutes showed that most policymakers judged the upside risk to inflation as a greater risk than weaker employment, saying the labor market was 'solid' but inflation remained 'somewhat elevated.' Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting and at 55% for a second -25 bp rate cut at the following meeting on October 28-29. EUR/USD (^EURUSD) on Wednesday rose by +0.08%. The euro recovered from a 1-week low on Wednesday and posted modest gains after the dollar retreated when President Trump said Fed Governor Lisa Cook 'must resign' now due to allegations of mortgage fraud. The euro initially moved lower on Wednesday on comments from ECB President Lagarde, who said the Eurozone economy is likely to see slower growth this quarter, with questions over global trade remaining despite recent trade deals with the US reducing uncertainty. President Trump is pushing for a summit between Presidents Putin and Zelenskiy soon, and European leaders are discussing a plan to send British and French troops to Ukraine as part of a peace agreement. The outcome could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security. Swaps are pricing in an 8% chance of a -25 bp rate cut by the ECB at the September 11 policy meeting. USD/JPY (^USDJPY) on Wednesday fell by -0.28%. The yen moved higher on Wednesday due to weakness in the dollar. Also, higher Japanese government bond yields have strengthened the yen's interest rate differentials and boosted the yen after the 10-year JGB bond yield rose to a 16-year high on Wednesday of 1.621%. In addition, lower T-note yields on Wednesday were supportive of the yen. Wednesday's Japanese economic news was mixed for the yen as Jun core machine orders unexpectedly increased, but July exports posted their largest decline in almost 4.5 years. Japanese trade news was mixed as Jul exports fell -2.6% y/y, weaker than expectations of -2.1% y/y and the largest decline in almost 4.5 years. However, Jul imports fell -7.5% y/y, a smaller decline than expectations of -10.0% y/y. Japan Jun core machine orders unexpectedly rose +3.0% m/m, stronger than expectations of a decline of -0.5% m/m. December gold (GCZ25) on Wednesday closed up +29.80 (+0.89%), and September silver (SIU25) closed up +0.441 (+1.18%). Precious metal prices recovered from early losses on Wednesday and moved higher due to a weaker dollar and lower T-note yields. Also, an increase in US political uncertainty and concerns about Fed independence boosted safe-haven demand for precious metals after President Trump called for Fed Governor Lisa Cook to resign amid allegations of mortgage fraud. Gold continues to have safe-haven support related to US tariffs and geopolitical risks, including the conflicts in Ukraine and the Middle East. Fund buying of precious metals continues to support prices after gold holdings in ETFs rose to a 2-year high last Friday, and silver holdings in ETFs reached a 3-year high on Tuesday. Precious metals initially moved lower on Wednesday as signs of progress in peace talks over Ukraine have curbed some safe-haven demand. Also, Wednesday's hawkish UK July CPI report may keep the BOE from cutting interest rates and is bearish for precious metals. Concerns over industrial metals demand are bearish for silver prices after ECB President Lagarde said the Eurozone economy is likely to see slower growth this quarter. UK Jul CPI rose +3.8% y/y, stronger than expectations of +3.7% y/y and the fastest pace of increase in 1.5 years. Jul core CPI also rose +3.8% y/y, stronger than expectations of +3.7% y/y. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Forbes
2 hours ago
- Forbes
EV Company Everrati Unveils New 993-Generation Porsche 911-Based Model
There are more than a few methods of automotive preservation in our current era, and among the most tech-forward is by United Kingdom-based Everrati Automotive Limited. Rather than strictly following the norms and folkways of maintaining originality, this company preserves the core fundamentals in certain iconic cars' driving characteristics, yet with an eco-friendly twist: dropping the internal combustion engine (ICE) in favor of its own tailored EV powertrain. And, wrapped in a ground-up re-engineering of the entire vehicle, complete with bespoke luxury customization. Everrati's made a name for itself with its 964-generation Porsche 911-based creations, one of which I had the privilege of driving for a different publication a few months back. I was pleasantly surprised by how true to the original 911 formula it was, between its beautiful steering, braking, and handling. Plus, more than enough power to walk any one of the 964's original iterations in the quarter mile. Now, the company's unveiled that it's now working with 993-generation-based 911s, the generation that came after the 964 and before the water-cooled 996. Think: Quintessential '90s Porsche styling and driving. And if it follows the same fun-to-drive formula as the 964, it could be the best sports car it's created, yet. The 993 is widely regarded as the pinnacle air-cooled 911, with its compact and lightweight (for its era) construction, improved structural rigidity, and just-modern-enough accouterments. Everrati's 993 will take the form of an initial, nine-unit run dubbed the Founders Edition that pays design homage to the generation's Turbo S, of which only 345 were ever made. It will err on the side of luxury grand touring with a bespoke tailored interior, emphasis on refinement in its driving experience, and harness the latest EV technology derived from motorsports duty. What's particularly appealing to some discerning enthusiasts, is the ability to savor their very own Turbo S without costly maintenance. Or, any other potential trouble keeping it alive for future generations to appreciate. 'The Porsche 911 (993) Founders Edition is for those who missed their chance to own an air-cooled Turbo S or those who want to relive it, responsibly,' says Everrati Founder & CEO, Justin Lunny. 'These cars hold stories. They were never just machines; they were memories in motion. But most classics weren't built for the long haul, not without help at least. With this redefined 993, we're giving people a way to preserve that emotional connection and still enjoy the drive, every day. It's the dream garage car you don't just have to admire, you can use it, pass it down, and keep it alive. That's what truly makes this a timeless classic.' There's no telling what emissions standards, parts availability, etc., will look like down the line. This helps alleviate these concerns, and, at the same time, increases interest from EV-focused circles and reduces enthusiasts' carbon footprint along the way.
