In this article SBUX A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks is expected to report earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share:
Month: May 2022
NZD/USD bulls are moving in at weekly support. Wycoff style accumulation could be playing out. The antipodeans have been wrong-footed by a strong US dollar ahead of the Federal Reserve meeting this week. The kiwi has been sent down to fresh cycle lows vs. the greenback where it is now consolidating as per the following
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In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular Tomb Raider franchise for $300 million and investing the proceeds into blockchain, artificial intelligence (AI) and cloud computing technologies. The principal developer of Tomb Raider is Square Enix’s subsidiary Crystal Dynamics, which generated $92 million
GBPUSD tries above its 100 hour moving average one The GBPUSD reached the lowest level since July 2020 last week at 1.2410 and moved higher on Friday. That move took the price above its 100 hour moving average for the first time since April 22. However momentum could not be sustained,and yesterday saw the price
There’s no real catalyst for the euro rally today but some broader USD weakness is making its way through, likely due to a slip in bond yields on the failure to get through 3% on 10s. The FOMC begins its two day meeting today so there could be some position squaring in euro shorts or
Akshaya Tritiya, it is very important to see how the gold prices have moved and what to expect over the next few months. There are several factors which have contributed to gold’s movement in the past few years — pandemic being a major one. Now, the focus will be shifting towards geopolitics, inflationary concerns and
Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow’s FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA’s hawkish rate hike. Yet, there is no clear follow through buying in Aussie. European majors, on the other hand, are trying to
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high. Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed
In this article PFE Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer beat on its top and bottom line in its first quarter earnings report after booking strong sales of its Covid vaccine and oral antiviral
Though trading weaker on Tuesday, silver is holding up above $22.50 for now as bears eye sub-$22.00 annual lows. Macro strategists are warning more downside is likely as the Fed embarks on aggressive monetary tightening. Though prices have been able to fend off a retest of Monday lows in the $22.12 area and annual lows
Blockchain network Algorand (ALGO) has partnered with FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform. The deal announced on Monday, May 2 will also see Algorand become a regional supporter in North America and Europe for the 2022 FIFA World Cup to be held
The price of WTI crude oil futures retraced the earlier losses and is settling at $105.17. That’s up $0.48 or 0.46%. The low price was down at $100.28. While the high price extended to $105.71. Crude oil erases earlier declines In the Asian/European session, the price moved sharply lower, falling below its 100 and 200
With all the market holidays in Asia today forex liquidity is diminished. This is contributing to the sharpness of the moves. US equity index futures on the up also, this S&P Apart from what has already been posted no fresh news is evident more to come ADVERTISEMENT – CONTINUE READING BELOW
NEW DELHI: Beating inflation has become a daunting task for investors. Returns by fixed deposits are failing to compensate for 6 per cent-plus inflation, and so is the risky asset class equity that has performed even worse, falling 4 per cent in the first four months of 2022. As the spring festival Akshaya Tritiya draws
Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed’s rate hike, and forward guidance later in the week. Yen’s trading tone is so far positive, as risk markets lack buyers. Commodity currencies are weak together with Euro and Sterling. Aussie is the relatively steadier one as markets await tomorrow’s RBA
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips
In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber will report first-quarter earnings after the bell on Wednesday and Wall Street notes to investors are providing insight into what investors might expect. The latest