In this article JBLU JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways shares tumbled more than 6% Tuesday after a surge in costs drove it to another quarterly loss just as it plans its takeover of Spirit
Month: August 2022
The USD/CHF is snapping two consecutive weeks of losses, gaining 1.37%. From the daily chart perspective, the major is headed upwards and will test resistance around 0.9669-75. If USD/CHF buyers conquer 0.9642-50, a move towards 0.9703 is on the cards. The USD/CHF is surging during the North American session after hitting a daily low early
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USDJPY trades between 200 and 100 hour MA today The USDJPY moved back above the 100 hour MA yesterday in the early European session (for the 2nd time on the day). A corrective move lower retested that MA line and pushed toward the 200 hour MA in the US afternoon session. After a dip today
The Fed stressed on data dependency and Powell outlined that they will have two labour market reports and two consumer inflation reports to get through before the September meeting, so we’re now at the first hurdle. The consensus for the non-farm payrolls figure today is +250K. The headline figure will obviously attract first attention in
Gold prices firmed on Friday to hover near a one-month high, as a retreat in dollar and U.S. Treasury yields and growing recession fears boosted demand, keeping the safe-haven metal on track for its third straight weekly rise. FUNDAMENTALS * Spot gold was up 0.2% at $1,793.88 per ounce, as of 0054 GMT, after hitting
Yen’s strong rally continues in Asian session today, with help from risk-off sentiment as well as extended decline in US benchmark yields. Stocks are trading lower while investors are cautiously waiting for any concrete action by China over US House Speaker Nancy Pelosi’s visit to Taiwan. Dollar and Euro are also mildly firmer with Swiss
In this article YUM National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 2021 in Washington, DC. Chip Somodevilla | Getty Images In an earnings call Wednesday morning, Yum Brands CEO
In this article ABNB Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program. Shares were down about 9% after hours, despite what appeared to
Aussie bulls are facing barricades around 50% Fibo retracement at 0.6983. The asset is expected to remain sideways in the 0.6890-0.7045 range. The 200-EMA has turned flat while the 50-EMA is overlapping with the asset prices. The AUD/USD pair is displaying back and forth moves in a narrow range of 0.6945-0.6976 in the Asian session.
The Tech Transparency Project, or TTP, a research initiative of the United States-based nonprofit watchdog group Campaign for Accountability, has released a report claiming crypto firms “provided little in return” for state governments offering financial incentives. In a report released Thursday, the TTP said that many crypto firms based in certain U.S. states have “reaped
Crude oil breaks below $88 The price of crude oil has dipped to a new session low and in the process is down testing the 61.8% retracement of the move up from the December 2021 low. That level comes in at $88.04. The low price just reached $87.80, but has bounced back up to $88.15.
Cleveland Fed Pres. Loretta Mester Cleveland Fed Pres. Loretta Mester speaking and says: We’re are not in recession right now Recession risks have gone up though There is still path to soft landing We have to take supply constraints as a given as they are likely to remain for some time I don’t use yield
Gold in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to Securities. The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade. Silver also rose by Rs 426 to Rs 58,806
Sterling falls broadly today after BoE hikes by 50bps but indicates that a prolonged recession will start in the UK in Q4. But the selloff in the Pound is not helping Euro and Swiss Franc much, as both are mixed. Dollar and Canadian are following Sterling as next weakest. Meanwhile, Yen is leading Aussie and
A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market. The total for the week ended July 30 was
In this article SBUX An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, fueled by demand in the U.S. for its cold coffee
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