An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy reported better-than-expected second-quarter results after the bell on Wednesday, but it gave guidance for the current quarter that suggests the pandemic-fueled commerce boom may be stalling. The stock slid as much
Month: August 2021
The Asian market mood is cautiously optimistic, with the S&P 500 futures adding gains, despite the negative close on Wall Street overnight. The Asian stocks trade mixed, undermined by the renewed weakness in the Chinese equities. The sentiment remains weighed down by China crackdown and coronavirus outbreak worldwide. According to Chinese state media, the country’s
Lawmakers have written an amendment to an infrastructure bill in the U.S. Senate which proposes excluding certain crypto companies from the reporting requirements for brokers. In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis and with the support of Pennsylvania Senator Pat Toomey, the U.S. lawmakers suggested
US futures turn south after much weaker than expected ADP job data. Yen regains much growth as risk sentiment turn cautious again. Though, as for today, Kiwi and Aussie are still the strongest. Canadian Dollar is currently the worst performing as dragged down by weakness in oil price. Dollar is following as the next weakest
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Fast break the other way in the USD The USD has rebounded after Clarida’s comments and better ISM data. USDJPY is has moved from a low of 108.715 to a New York session high of 109.50. The pair is approaching the 100 day moving average at 109.575. The day started above the 100 day moving average but trended
New Delhi: Gold in the national capital on Wednesday rose by Rs 123 to Rs 46,992 per 10 gram amid gains in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,869 per 10 grams. Silver also zoomed Rs 766 to Rs 66,926 per kilogram
A ‘We’re Hiring!’ sign is displayed at a Starbucks on Hollywood Boulevard on June 23, 2021 in Los Angeles, California. Mario Tama | Getty Images Job creation at private companies tumbled in July as fears mounted over the spreading coronavirus delta variant, payroll processing firm ADP reported Wednesday. Employers added 330,000 positions for the month,
In this article RCL Royal Caribbean International’s Anthem of the Seas cruise ship calls at Greenock port on July 22, 2021 in Greenock, Scotland. Jeff J Mitchell | Getty Images Royal Caribbean International reported a second-quarter loss on Wednesday that was wider than analysts were anticipating, as the spread of the delta coronavirus variant slowed
Fed Vice Chair Richard Clarida noted on Wednesday that he has been surprised by the magnitude of the decline in the bond yields, as reported by Reuters. Additional takeaways “Global move in bond yields is quite pronounced.” “Bond moves are not driven by a drop in inflation expectations.” “Bond moves could be due to fears
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Following strong closes in US stocks, Asian markets ex-Japan are trading generally higher. The development helps lift commodity currencies generally higher. In particular, New Zealand Dollar is additionally lifted by much stronger than expected job data. Yen is paring some gains but weak treasury yields is keeping it afloat. On the other hand, Dollar continues
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Record close for the S&P 500 The major US stock indices are closing higher and near session highs: S&P closed at a record level NASDAQ posts a two day win streak Energy (+1.83%), industrials (+1.38%), healthcare (+1.42%), financials (+1.13%) led the charge communication services fell -0.19% Dow and S&P snap a two day losing streak The final numbers are showing:
DUBAI: Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalising on a rebound in crude prices to attract foreign investors. The moves, in a region traditionally possessive of its refineries, power plants
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in the housing market that brought the collective
In this article LYFT Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. Shannon Stapleton | Reuters Lyft reported second quarter financial results after-the-bell Tuesday, easily beating on both the top