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Month: July 2021
The market is expecting Intel will report earnings after the close. The chip manufacturer has been under pressure as AMD and Nvidia “chip” away at their business. They have also been besieged with manufacturing problems. The new CEO Gelsinger is looking to turn the manufacturer around via a large infrastructure investment, but that takes time and the market
New Delhi: Gold in the national capital on Thursday dipped Rs 264 to Rs 46,452 per 10 gram with decline in global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade on Tuesday the precious metal had closed at Rs 46,716 per 10 gram. In contrast, silver gained marginally by
The ECB has updated the forward guidance on the policy rate, reflecting the new inflation target concluded in the strategic review. All monetary policy measures stay unchanged as it strives to achieve the symmetric 2% inflation target: The deposit rate stays at -0.5%, the total Pandemic Emergency Purchase Program (PEPP) envelope remains at 1.85 trillion
Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings for benefits totaled 360,000, in line with Dow Jones estimates and the best number since March 14, 2020. The total represented a substantial decrease from the previous week’s upwardly revised 386,000. Continuing claims, which run
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Twitter shares rose as much as 9% in extended trading
Sir Jeffrey Donaldson earlier this week, when speaking after a virtual meeting with European Commission Vice-President Maros Šefčovič, said both the UK government and the EU must re-negotiate the Brexit deal because the Northern Ireland Protocol has not worked. “My message was simple. The protocol has not worked,” he said. The Times is running a
A recent collaboration between two prominent social influencers has resulted in a device that creates sounds (or music) based on cryptocurrency’s infamous price volatility. In what has been termed as the collaboration of the century, Estefannie and LOOK MUM NO COMPUTER (Sam Battle) joined hands to bring a “cryptocurrency-measuring musical machine to life.” As a
D.R. Horton said orders fell by 16.5% D.R. Horton, the largest US homebuilder, reported strong earnings today but shares are down 5% after it said sales orders fell by 16.5% in the quarter. Volatility in lumber prices, labor shortages and buyer skittishness are likely behind the dip. I tend to think the market is overreacting.
Oil up 0.7% on the day to $70.70 If there was a convincing argument that the sizable move on Monday for oil (and to some extent the loonie) was a squeeze, the chart is certainly saying so. The drop at the start of the week was a big one and took oil towards testing key
NEW DELHI: Gold prices slipped on Thursday as the risk appetite of the investors improved. They looked to bet on riskier assets after a sharp fall earlier this week. However, the fall in precious metals was capped on . The dollar remained stronger and investors looked past economic threats from rising cases of the Delta
Dollar and Yen lost their position as the strongest ones as US stocks staged another day of massive rebound overnight, together with treasury yields. On the other hand, Canadian Dollar is currently the best performer for the week, helped by WTI crude oil’s reclaim of 70 handle. But Aussie and Kiwi remain the weakest at
[The stream is slated to start at 9:30 am ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell appears Thursday before the Senate Committee on Banking, Housing and Urban Affairs to conclude his two-day appearance on Capitol Hill to discuss the economy and
In this article CROX Dina Rudick | Boston Globe | Getty Images Crocs reported second-quarter earnings that beat on the top and bottom line Thursday, raising its full-year revenue guidance amid strong global demand. The shoemaker’s stock jumped nearly 3% in premarket trading. Here’s how the company did compared with what analysts surveyed by Refinitiv
Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 12:30 GMT. Follow our live coverage of ECB’s policy announcements and the market reaction. [embedded content] About ECB’s press conference Following the ECB´s economic policy decision, the ECB President gives
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