Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by the growth of its snacks and drinks. On the heels of its strong quarter, the Frito-Lay owner said that it expects its 2021 results to
Month: February 2021
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NASDAQ:IDEX drops by 6.15% amidst a broader market decline as momentum wanes. Recent acquisitions position IDEX well for the current electric vehicle revolution. Ideanomics has announced an initial order for its BYD D1 ride-hailing electric vehicles for China. NASDAQ:IDEX has been one speculative play on the booming electric vehicle industry that has certainly paid off
GBP/USD falls from 1.3850 levels to 1.3816 in the European morning A bit of a nudge lower in cable as buyers back off after testing some swing region resistance around 1.3856 this week. That is now seeing cable test the low from earlier in the day around 1.3821 though the key level to watch remains
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NEW DELHI: Gold and silver futures prices declined on Thursday tracking international prices as a weaker than expected rise in inflation put pressure on prices. Improving economic conditions also led to diversion of funds. US consumer prices rose moderately in January as higher gasoline prices were blunted by a slump in airline fares amid a
The forex markets are rather quite in Asia today, following subdued trading elsewhere. Dollar’s decline is slowing but it remains the worst performing major currency so far, followed by commodity currencies. Sterling and Yen are the stronger ones this week, as both are supported by rallies in respective treasury yields. Though, Swiss Franc is surprisingly
A delivery truck driver unloads Coca-Cola Co. soft drinks in Lawrenceburg, Kentucky, U.S., on Monday, Feb. 10, 2020. Luke Sharrett | Bloomberg | Getty Images Coca-Cola is expected to announce its fourth-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 42 cents expected Revenue: $8.63
Gold Price Analysis: XAU/USD supported above key $1830 area but 200 and 50 DMAs blocking further gains Spot gold prices were choppy on Wednesday, swinging between a roughly $20 range between the $1835 and $1855 levels, but still managed to close Wednesday’s session with gains of around 0.3%. Looking at the spot price over a
S&P, NASDAQ, Russell 2000 all close lower on the day Looking at the major stock indices, the Dow industrial average is the only one positive. It also closed at a record high level. Other highlights for the day included: The S&P fell for the 2nd day in a row The NASDAQ index snapped a 4 day
Forex news for North American trading on February 10, 2021. In other markerts: spot gold is trading up $4.29 or 0.23% at $1842.61 spot silver is down $0.25 or -0.91% $27.01 WTI crude oil futures are down $0.01 or 0.02% of $58.35 Bitcoin is trading down $2400 or -5.1% at $44,900. Today, the main events
Today, Bitcoin-on-Ethereum yield vault project BadgerDAO and fellow yield vault platform Yearn.Finance announced a partnership designed to bring Yearn’s sustainable vault expertise to Badger. “Today we’re excited to develop a partnership that will bring our teams together to further accelerate best in class BTC vaults for the industry,” BadgerDAO said in a blog post. “This
NEW YORK: Oil rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand. US crude inventories fell unexpectedly in the week, dropping 6.6 million barrels according to the Energy Information Administration, compared with
Dollar’s selloff continues in early US session and it’s extending after weaker than expected core CPI reading. Sterling is lifted by strength in UK yield today, with 10-year Gilt yield hitting as high as 0.494 so far. It could try to take on a pre-pandemic floor of around 0.50%. Currency markets are relatively mixed elsewhere,
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy,
GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM General Motors is set to report its fourth-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates
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