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Traders work on the floor of the New York Stock Exchange in New York City.Michael M. Santiago | Getty ImagesThe Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss.The 30-stock Dow added 164 points, or 0.3%. The S&P 500 gained 0.3%, alongside the Nasdaq Composite.Shares of artificial intelligence darling Nvidia, which weighed down the Dow in the previous session, traded 2% higher. Gains in financial stocks, including JPMorgan Chase and Bank of America, led the recovery in equities Thursday alongside industrials, health care and utilities.Stocks plunged Wednesday after the Federal Reserve struck a heavy blow against…

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Fiverr International Ltd . (NYSE:), a leading online marketplace connecting freelancers with businesses seeking digital services, finds itself at a crossroads as it navigates a challenging macroeconomic environment while pursuing strategic growth initiatives. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment, presenting a potential opportunity for investors. With a market capitalization of $1.18 billion and impressive gross profit margins of 82.65%, Fiverr demonstrates strong fundamental characteristics, including a perfect Piotroski Score of 9. The company, which generated $1.1 billion in Gross Merchandise Value (GMV) in 2023 and boasts approximately 4 million active buyers, has…

EUR/USD rebounds above 1.0400 as the US Dollar takes a breather after the rally induced by the Fed’s hawkish guidance. Fed officials see only two interest rate cuts in 2025, fewer than the four projected earlier. ECB Wunsch said he is comfortable with market expectations of four 25 bps interest rate cuts in 2025. EUR/USD jumps above 1.0400 in Thursday’s North American session as US Dollar’s (USD) bulls take a breather after a sharp run-up on Wednesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, clings to gains near a fresh two-year high above 108.00. The Greenback…

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Bet Your Bottom Dollar The proliferation of legal sports betting has made tough political and societal issues quickly bubble to the surface, as The New York Times reports. And – surprise, surprise – advertising is often at the center of the problem. There are numerous state-level class-action suits over allegedly deceptive advertising claims. Practically all sports gambling apps promote “risk-free” or “no-regret” first bets with a promo credit.  Also, as these apps get more sophisticated, they’re able to recognize which bettors win big on their platforms and have begun blocking them or capping the bets they can place.  Sportsbooks,…

(Bloomberg) — Sign up for theIndia Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Most Read from Bloomberg The rupee breaching 85 per dollar has traders speculating about the next line in the sand under the new central bank governor. The currency is expected to weaken further after falling to a record low Thursday as signals of fewer Federal Reserve interest-rate cuts boost the dollar. Nuvama Institutional Desk predicts the rupee will hit 86 against the greenback by March-end, while Kotak Securities Ltd. sees…

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Members of the Writers Guild of America East and the Writers Guild of America West voted to approve a new three-year collective bargaining agreement with three major public television stations. Ratification of the contract with GBH in Boston, the WNET Group in New York City and PBS SoCal in Los Angeles follows the Nov. 22 announcement of a tentative agreement that averted a potential strike. The previous contract had been in place since July 2019. “PBS writers secured a groundbreaking contract with their unwavering solidarity,” said WGAE President Lisa Takeuchi Cullen in a news release. “This contract covers PBS animation…

On Thursday, the Bank of Japan (BoJ) board members decided to keep the short-term rate target unchanged in the range of 0.15%-0.25% after concluding its two-day monetary policy review meeting. The decision came in line with the market expectations. However, hawkish board member Naoki Tamura dissented and proposed raising interest rates to 0.5% on the view inflationary risks were building. The BoJ stood pat on polcy rate for the third meeting after unexpectedly raising it by 15 basis points (bps) from 0%-0.1% to 0.15%-0.25% in July. Summary of the BoJ policy statement Japan’s economy recovering moderately, albeit with some weaknesses. Private consumption…