In this article SNOW CEO of Snowflake Frank Slootman arrives at the Allen & Company Sun Valley Conference on July 6, 2021, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company showed the slowest
Month: March 2022
Federal Reserve Chair Pro Tempore Jerome Powell and some members of the United States House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions. In a Wednesday hearing of the House Financial Services Committee on “Monetary Policy and the State of the Economy,” California Representative Juan Vargas
AUD/USD holds upside bias, although capped by 0.7280/85. US data: ADP report comes above expectations. Fed’s Powell: Fed prepared to raise rates in March, economic outlook uncertain. The AUD/USD is rising modestly on Wednesday on the back of a recovery in risk sentiment and amid higher commodity prices. The pair peaked at 0.7281 and then
The JPY is the strongest and the EUR is the weakest as European traders look to exit. A snapshot of the forex market as European traders exit Taking a quick look at some of the technicals for the major currency pairs: USDJPY : The USDJPY is lower on the day and in the process moved
I don’t think we’re anywhere around that ballpark yet but it is best to remember that as Putin gets pushed back against the wall, there is that sense of unpredictability in how he is going to fight back. Obviously, any nuclear threats or a war of epic proportions would be best avoided but we’ll see.
Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been stalled due to sanctions over Ukraine. The production rose from 11 million bpd in January, while in tonnes, Russia’s total oil and gas condensate
Russia’s invasion of Ukraine remain the dominant theme in the markets, and Euro and Sterling stay pressured as a result. Swiss Franc is the biggest winner for now on safe haven flow, but Aussie and Yen are also supported. On the other hand, Dollar is dragged down by the steep fall in treasury yield overnight.
In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year in spite of ongoing supply chain
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According to data from DappRadar, the NFT portfolios belonging to Iconic rapper Snoop Dogg and popular entrepreneur Gary Vaynerchuck are worth a combined $95 million. Vaynerchuck’s wallet holds the lion’s share of the value with $81.89 million at the time of writing. His holdings include multiple NFTs from top collections such as CryptoPunks (he owns
The US Federal Aviation Administration (FAA) said in a statement, the official notice banning Russian aircraft from US airspace will be posted by the end of Wednesday. The ban applies to scheduled passenger flights, cargo, and charter flights, the FAA said. This comes after US President Joe Biden confirmed in his State of the Union
Gold runs away from 100 hour MA The price of gold is trading to a new session high of $1935.21. The price trades just off that level at $1934.71. The price is currently up $25.87 or 1.35%. Looking at the hourly chart, the low price yesterday stalled near its rising 200 hour moving average (green
> Biden’s speech Tuesday evening – some excerpts crossing ukraine There doesn’t seem to be much in this lot to surprise anyone Headlines via Reuters: in reference to Russia’s Putin, to say when dictators do not pay a price for their aggression, they cause more chaos -speech excerpts Biden to say “Putin’s war was premeditated
MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia’s invasion of Ukraine. Palm oil’s record premium over rival oils could squeeze price-sensitive Asian and
Euro’s broad based selloff continues today, even though it’s still holding in range against Dollar and Sterling. But overall, European majors are weak. The greenback is somewhat capped by falling benchmark treasury yield. Yen is firm on risk-off sentiment but it’s slightly out-performed by Aussie. In other markets, stocks are generally pressured in Europe while
In this article CRM Marc Benioff, co-founder and chief executive officer of Salesforce.com Inc., pauses during a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Wednesday, Jan. 18, 2017. Simon Dawson | Bloomberg | Getty Images Salesforce topped analysts’ estimates for profit and revenue in its fiscal fourth-quarter earnings report. The