Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a narrower-than-expected loss for its latest quarter, but the company missed analysts’ expectations for revenue and outlook as shipping delays and lower customer spend ate into sales. The stock plunged 20% in extended trading. The styling service lowered its revenue
Month: March 2021
Gold stays depressed around intraday low, trims biggest gains since January. Receding strength of bearish MACD, sustained trading beyond 200-SMA favor buyers. Buyers need to stay cautious despite confirming the bullish chart pattern unless crossing $1,765. Gold remains pressured around $1,713, down 0.18% intraday, ahead of Wednesday’s European session. Although the bullion fades upside momentum
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New all-time high at 32150.32 the Dow industrial average is currently trading up around 340 points for 1.08% at 32144. The high price just reached 32150.32. That was enough to take out the high price from yesterday at 32148.04. Other indices also sharply higher: the NASDAQ index is outperforming with a gain of 476 points or
The latest forecasts from the US Energy Information Administration The EIA sees US crude production at 12.02 mbpd in 2022 compared to its forecast of 11.53 mbpd a month ago. That’s a reaction to higher prices. This year’s production is less-sensitive at 11.15 mbpd vs 11.02 mbpd previously. On the comsumption side, EIA forecasts that
NEW DELHI: Gold in the national capital on Tuesday gained marginally by Rs 35 to Rs 43,996 per 10 gram amid gain in global precious metal prices, according to HDFC Securities. The precious metal had in the previous trade closed at Rs 43,961 per 10 gram. Silver also jumped Rs 553 to Rs 65,621 per
Dollar retreat broadly today as 10-year yield pares gain after failing to sustain above 1.6 handle again. NASDAQ is also set for a rebound while DOW might try to extend the record run. At the time of writing, Yen, Euro and Sterling are following as the next weakest. Australian Dollar is currently the strongest one,
A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday topped Wall Street’s estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the pandemic. Shares plummeted by nearly 9% in premarket trading, however, as the company forecast that sales trends will
Is gold now replaying 2010-2012? The 2019-2021 gold chart is disturbingly similar to that of 2010-2012, but it does not have to be the harbinger of a bear market. Many ancient cultures saw history as cyclical. According to this view, society passes through repeated cycles. Can this apply to gold as well? I’m not referring
South African crypto firms are threatening to move abroad if local lawmakers are unable to provide regulatory clarity to its domestic digital asset industry. Speaking to Bloomberg, Sean Sanders, the CEO of local crypto investment platform Revix — who plan to relocate their head office to the United Kingdom, described the South African government as
Higher yields remain the catalyst The longs in the technology stocks continue to get hammered and the rotation into the cyclical continues as fears of interest rates have traders repricing the high flyers of 2020. The final numbers are showing: S&P index -20.72 points or -0.54% at 3821.23 NASDAQ index -310.98 points or -2.41% at 12609.16 Dow industrial average rose
The 7-day incidence rate is seen at 67.5 The virus trend in Germany is keeping thereabouts following the lower count yesterday due to lesser testing over the weekend. Total active cases is seen easing to ~117,700 but that keeps with the figures seen since the end of February. Meanwhile, total deaths have increased to 72,189
NEW DELHI: Gold and silver futures edged higher in Tuesday’s trade on optimism over a stimulus package passed by the US Senate. Gold futures for April delivery rose 0.30 per cent to Rs 44,351 per 10 grams. Silver futures for May delivery were trading at Rs 66,111 per kg, up 0.39 per cent. US Treasury
Dollar retreats mildly in Asian session today as overall market sentiments improved some what. Major Asian indices, except China, recovered notably, following DOW’s rally. But weakness in US tech is keeping upside capped. Selloff in Yen and Swiss Franc, and to a lesser extend Kiwi, is still the main theme, on resilience in global treasury
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades. “Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading
USD/CAD markets heaviest losses in one week, fades bounce off intraday low. Bearish MACD, sustained break of three-day-old support line directs bears toward 200-HMA. Descending trend line from Friday adds to the upside barriers. USD/CAD remains depressed near 1.2650, down 0.21% intraday, after breaking an upward sloping trend line from the last Thursday during early
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