Wed, Nov 27, 2024 5:48 PM
Coffee Gets Even Pricier as Futures Rally to Highest Since 1977
A Flip by Avya Verma
Crude oil prices were stable on Wednesday, due to an expectation from the market, regarding ceasefire agreement between Israel and Hezbollah. The ceasefire expectations were aligned with anticipation of OPEC+ meeting on Sunday, where the oil producing nations could delay a planned increase in oil output. Brent crude futures showed an upward movement of 32 cents, or 0.44% to $73.13 per barrel.
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JPMorgan has filed for a new ETF that aims to provide exposure to Nasdaq-100 stocks while using options to hedge against market downturns, according to a recent SEC filing. The JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF will invest at least 80% of its assets in equity securities, while employing an options strategy to provide continuous market hedging, according to the filing.
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Urban Outfitters' shares surged 14% after reporting a Q3 earnings beat, driven by rising sales at Free People and Anthropologie, despite declining sales at its namesake stores. The company sees a "remarkably resilient" consumer and is optimistic about holiday demand, but may close or downsize some Urban Outfitters stores in the coming years.
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