The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Spencer Platt | Getty Images Fox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the
Month: May 2023
Share: USD/CAD bulls tear through prior resistance with eyes on the 1.3580s. Bears are lurking, waiting to pounce on a correction. USD/CAD is on the front side of the bullish trend and momentum is strong. At the time of writing, USD/CAD is trading higher by some 0.48% and rallied from a low of 1.3477, scoring a
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Oil prices rose in early Asian trade on Thursday after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world’s biggest oil producer and consumer defaulting on its debt. Brent crude futures rose by 26 cents, or 0.34%, to $76.67 a barrel by 0015 GMT. U.S. crude futures rose 28
In the currency markets last week, Dollar, Yen, and Swiss franc Emerged as the standout performers. Conversely, New Zealand and Australian dollars lagged, painting a picture suggestive of risk aversion within the markets. However, this sentiment has not yet manifested itself in the stock markets, at least not with major American and European indices. It’s
The EURUSD is trading to new session lows as a selling/bearish bias increases. In trading this week, the pair broke outside of a 4 – 5 week trading range. What was key was a corrective high back to that breakout level, and found willing sellers. That gave sellers the go-ahead to push lower. What next
The major US stock indices are ending the day lower. The Dow Industrial Average is closing down (only 0.03% but still lower) for the 5th consecutive day. In the month of May, the Dow was only up one day (last Friday). The final numbers are showing: Dow industrial average of -8.9 points or -0.03% at
Michigan Avenue in Lansing, Michigan. Mike Kline (Notkalvin) | Moment | Getty Images Lansing, Michigan may never be the same. The city of just over 110,000 residents known for its towering state capitol building, large convention center and proximity to campuses is trying to reshape itself for a post-Covid world. It’s been more than three
In this article TWLO Follow your favorite stocksCREATE FREE ACCOUNT Jeff Lawson, co-founder and chief executive officer of Twilio Inc., smiles on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Sept. 17, 2018. U.S. stocks started the week lower, while Asian equities slumped and European shares were little
Share: AUD/USD bears are in the money but bulls are lurking from daily support. A move back to challenge channel resistance could be on the cards for the initial balance at the start of the week. AUD/USD could be on the verge of moving back inside of the sell-off range. The M-formation is a reversion pattern and
Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.” According to a May 12 notice to creditors from QuadrigaCX’s bankruptcy trustee Ernst & Young (EY), each “creditor with a proven claim will receive 13.094156% of their proven claim less the levy
Oil markets regained some ground in early Asian trade on Friday with traders engaged in short-covering ahead of the weekend, but uncertainties regarding the U.S. debt ceiling and renewed fears over a U.S. regional banking crisis capped gains. Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S.
The USDJPY traded up and down this week with clearly defined support and resistance levels. When a break higher failed earlier this week, the price rotated lower. However, the low found support against a key MA level, giving the buyers the go-ahead to re-probe the upside. On Friday, May 12, the price moved above a
The USD is the ending the day as the strongest of the major currencies, while the NZD is the weakest. The strongest of the weakest of the major currencies The move higher in the greenback can be attributed to: Higher inflation expectations from the University of Michigan Consumer survey Concerns about the debt ceiling leading
German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds for the global economy. U.S. Congress is trying to find a compromise on the debt limit — which refers to the maximum amount of money that the two chambers allow the federal government to borrow.
In this article RKLB Follow your favorite stocksCREATE FREE ACCOUNT Electron rockets undergo preparation for launch. Rocket Lab Rocket Lab’s revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle. The company reported a
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