NYSE:BABA gained 3.77% during Wednesday’s trading session. Softbank has denied rumors that it is selling its stake in AliBaba. AliBaba is teaming up with Salesforce.com for its new Social Commerce project. NYSE:BABA bounced back to positive territory for the year on Wednesday, as the Chinese eCommerce and tech giant shrugged off Monday’s sell off. Shares
Month: February 2022
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ANZ (this in brief), firs what they see as downside factors: The backdrop for gold is deteriorating as central banks become more hawkish. On the flip side: elevated inflation and geopolitical risk are partially offsetting the impact of tightening monetary policies Retail investments and physical offtake have been resilient Projection for the weeks ahead: We
The major US indices are all closing higher on the day and near session highs. The Dow is up for the third consecutive day The Russell 2000 is up for the fourth consecutive day the Dow is closing 2.8% from its record high close S&P is closing 4.4% from its record high close(4.8% from
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex markets are mixed. Euro is still in consolidation against, and cautious comments from ECB officials
(This story originally appeared in on Feb 10, 2022) CHENNAI: Gold exchange-traded funds (ETFs) saw the highest-ever repurchase or redemption of Rs 671 crore in January 2022, leading to an outflow of Rs 451 crore. This was primarily driven by rising 10-year Indian government bond yields and expectations of a more hawkish US Fed stance.
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to get in before rates moved higher. Now buyers are pulling back. Mortgage applications to purchase a home dropped 10%
In this article DIS Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for its fiscal first
The Australian dollar continues its weekly rally vs. the Japanese yen, up 1.79% in the week. US equity indices finished Wednesday’s trading session with gains between 0.86% and 2.10%. AUD/JPY Technical Outlook: An upside break above 83.00 could pave the way towards 85.00. The AUD/JPY extends its gains during the week rallies for the third
The quick fall in omicron cases is leading to the removal of covid measures in much of North America but the opposite is taking place in greater China. Hong Kong today announced 1161 new confirmed covid cases, nearly double yesterday’s number (which was also a record). The government is struggling with how to deal with
USDCHF remains confined in a narrow trading range thaat The USDCHF is 3+ days now within a narrow 42 pip trading range. That is not a whole lot. Yesterday, the price took a quick peek above the Monday high at 0.9261, but one pips later the buyers turned sellers in pushed back down toward
Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the other hand, Australian Dollar and New Zealand Dollar are trading broadly higher. Sterling and Swiss Franc are mixed for now.
New Delhi: Gold prices spurted by Rs 247 to Rs 48,403 per 10 grams in the local market here on Wednesday amid gains in the metal in international markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,156 per 10 grams. Silver also rallied by Rs 825 to
Atlanta Federal Reserve President Raphael Bostic said Wednesday he anticipates hiking interest rates three or four times this year, but he stressed that the central bank isn’t locked into a specific plan. Speaking on CNBC’s “Squawk Box,” the policymaker signaled a view that is less aggressive than the market’s on rates. “In terms of hikes
In this article YUM Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand. Brent Lewin | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of
Many religious denominations now offer interactive digital locations to supplement traditional services, but unique to COVID-19 is the opportunity to experience spirituality in an immersive 3D environment through virtual reality (VR) technology. As per a report by NZ Herald, Garret Bernal and his family were reportedly absent from a recent Sunday service during their quarantine
Gold price is treading water on Wednesday while sitting at the highest levels in roughly two weeks near $1,830. The pullback in the US Treasury yields from two-and-a-half year highs fuelled a drop in the dollar across its main peers, limiting the retreat in gold price. The further upside, however, remains capped by the risk-on
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