Nikkei rebounds on short covering, but downside threats remain

Category: Finance

Nikkei rebounded by over 800 points, marking its first gain in nine sessions, influenced by stabilization in US tech stocks and Yen consolidation ahead of the BoJ meeting. The bounce is largely driven by short covering, with potential risks from possible interest rate hikes by the BoJ and uncertain market reactions to Fed signals for a rate cut.

Keywords: Nikkei, BoJ, interest rates

Source: Action Forex

Update At: 8/6/2024

Related Sources

CVS Health Reports Mixed Q2 Earnings, Lowers 2024 Outlook, Reshuffles Segment Management

CVS Health Corp's stock fell after mixed Q2 earnings and a cut in annual profit guidance. Q2 sales were $91.23 billion, missing expectations. Adjusted EPS decreased to $1.83, while revenues in the Health Care Benefits segment rose 21.4%. Leadership changes were announced, with CEO Karen Lynch taking direct control of the Health Care Benefits segment. The company revised its EPS guidance to $6.40-$6.65 and cash flow guidance to approximately $9.0 billion, reflecting ongoing pressures in the Health Care Benefits segment.

Yahoo Finance

CVS Health stock moves lower after cutting full-year outlook

CVS Health's stock declines following a lowered full-year earnings forecast and mixed second quarter results, with revenue figures missing estimates. The company also announced a $2 billion cost-cutting initiative.

Yahoo Finance

Settlement over Cash App breaches may mean you’re entitled to up to $2,500

A $15 million settlement may provide compensation to Cash App users affected by data breaches. Users whose information was accessed without permission or who experienced unauthorized transactions between Aug. 23, 2018, and Aug. 20, 2024, may be eligible for claims. Out-of-pocket losses can be reimbursed up to $2,500, and claimants can also seek compensation for lost time. Claims must be submitted by Nov. 18, 2024.

MLive.com

Cash App to award $15M to users in security breach settlement: How to file a claim

Cash App users may receive compensation from a $15 million settlement due to a data breach affecting 8.2 million customers. Eligible users can claim up to $2,500 for unauthorized transactions, lost time, or transaction losses. Claims must be submitted by Nov. 18, 2024.

USA Today

Cash App Data Breach Settlement: How to Claim Up to $2,500

Cash App is set to pay up to $15 million in a class action settlement due to data security incidents, allowing eligible users to claim up to $2,500. The breaches involved unauthorized access to customer information, affecting 8.2 million users. Claims can be filed by those who experienced unauthorized access or fraudulent transactions between August 23, 2018, and August 20, 2024, with a deadline of November 18 for submissions.

PCMag

Cash App settlement: Are you eligible to claim up to $2,500?

Cash App users may claim part of a $15 million settlement due to data breaches affecting 8.2 million users. Eligibility includes those whose information was accessed without permission or who experienced unauthorized withdrawals between Aug. 23, 2018, and Aug. 20, 2024. Eligible customers can receive up to $2,500 for out-of-pocket losses and reimbursement for lost work. Claims must be submitted by Nov. 18.

AL.com

CashApp $15 Million Data Breach Settlement: Can You Claim?

CashApp users may be eligible for a payout due to a settlement related to data breaches and inadequate customer protection measures.

Tech.co

Cash App settlement: How to claim up to $2,500 if you're eligible

Cash App users may be eligible for compensation due to a class action lawsuit against Block Inc. for security breaches. The settlement amounts to $15 million, allowing users to claim up to $2,500. Eligibility includes unauthorized access to personal information or fraudulent transactions from August 23, 2018, to August 20, 2024. Claims must be submitted by November 18, 2024.

Mashable

How to Claim Your Share of the $15 Million Cash App Data Breach Settlement

Cash App has settled a lawsuit for $15 million due to inadequate data protection, allowing eligible users to claim up to $2,500. The breaches occurred in 2022 and 2023, involving unauthorized access to accounts. Users must meet specific criteria to qualify and submit claims by November 18, 2024.

Lifehacker

Does Cash App Owe You $2,500? Inside the Company’s $15M Data Breach Settlement

A class action lawsuit against Block Inc. and Cash App alleges negligence in protecting user data, following incidents where unauthorized access occurred. The company has agreed to a $15 million settlement despite denying liability. Users affected by unauthorized transactions between August 23, 2018, and August 20, 2024, may be eligible for compensation.

97.9 The Box