In this article TJX Follow your favorite stocksCREATE FREE ACCOUNT A HomeGoods shopping cart area in front of a T.J. Maxx store in Pinole, California, US, on Wednesday, May 3, 2023. David Paul Morris | Bloomberg | Getty Images TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to
Month: March 2024
Share: EUR/USD nudges higher. Economists at Scotiabank analyze the pair’s outlook. Narrower EZ/USD spread lifts EUR EUR/USD has been supported by narrowing spreads versus the USD in the past couple of weeks. A clearly dovish ECB may undermine that trend, and weigh on the EUR, but a hold and ‘no rush’ messaging may support a firmer
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TOKYO: Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure. Brent crude futures fell 22 cents, or 0.3%, to $83.46 a barrel by 0124 GMT. U.S. West Texas Intermediate crude
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Paramount Global missed revenue expectations for the fourth quarter Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+. Here’s how Paramount performed in the fourth quarter compared to Wall Street estimates from LSEG, formerly known as
Share: Gold price holds positive ground near $2,085.55 in Monday’s early Asian session. The US ISM Manufacturing PMI came in worse than expected, dropping to 47.8 in February from 49.1 in January. Fed’s Bostic said the central bank would cut rates in the summertime if the economy evolves as he expects. Gold price (XAU/USD) rose
The USDCHF Is breaking to the upside and in the process is running away from a cluster of moving averages including its: 100-bar moving average on the four-hour chart at 0.87946, 100-hour moving average at 0.8798, and its 200-hour moving average at 0.8802. The price is also breaking above a ceiling going back to last
Nvidia is already the third-most-valuable company on the planet, trailing only Microsoft and Apple. It’s the undisputed leader in the production of chips essential for powering the generative artificial intelligence revolution. Companies are throwing as much money as possible at Nvidia in order to stockpile chips in datacenters that will churn out unique images, videos,
Spot gold rallied sharply Friday on disappointing US ISM manufacturing data (February) that showed that manufacturing orders, production, and employment contracted in February. University of Michigan’s consumer sentiment data was also short of forecast, though short-term and long-term inflation expectations were in line with the expectations. Gold prices rose to the highest in a month
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT Frank Slootman, CEO of Snowflake, on the day of the company’s initial public offering on Sept. 16, 2020. CNBC Snowflake said Wednesday that CEO Frank Slootman, 65, is retiring, and will be replaced by former Google ad chief Sridhar Ramaswamy. The shares plunged 20% in
Share: EUR/USD vaults back into 1.0840 following market pivot. Market risk sentiment sees a late-week recovery on Friday. US Manufacturing PMI unexpectedly declines, sparking rate cut hopes. EUR/USD caught a bounce from 1.0800 after markets pivoted into a risk-on stance following Friday’s US ISM Manufacturing Purchasing Managers Index (PMI) declined, flubbing forecasts and stepping deeper
The EURUSD is moving to a new session and week low and in the process has broken back below a cluster of moving averages including the: 200-day moving average 1.08256 200- bar moving average on the 4-hour chart at 1.0820 100-day moving average 1.08134. The prices also moving below a swing area down to 1.08038.
Week Ahead 4th – 8th March Mon: Swiss CPI (Feb), South Korean GDP (Q4), Japanese Tokyo CPI (Feb), Tue: US Primary Super Tuesday, Chinese Caixin Services PMI Final (Feb), EZ/UK/US Services and Composite PMI Final (Feb), EZ PPI (Jan), US ISM Services PMI (Feb), South Korean CPI (Feb) Wed: BoC Announcement, Australian GDP (Q4), German
Kotak Mahindra Bank’s senior officials on Thursday said that it aims to grow its gold loan book faster than the industry. Speaking to the media, Manish Kothari, president and head of commercial banking, indicated that there is significant scope for them to expand their gold loan book in India since the market is currently dominated
Yen ended as the best performer last week amidst intensifying discussions around BoC rate hike, spurred by comments from the central bank’s officials. The anticipation of policy tightening propelled Yen forward, although gains were tempered by uncertainties surrounding the timing of the first move, and the path of subsequent rate increases. The claimed the position
In this article IQ Follow your favorite stocksCREATE FREE ACCOUNT A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the
Share: Gold price catapults to $2,088.33, marking a significant rally in response to US economic reports and bond yield dynamics. Mixed manufacturing PMI reports fuel Gold’s ascent with ISM data indicating contraction in US manufacturing sector. Declining US Treasury yields bolster Gold’s attractiveness, pushing XAU/USD to new year-to-date peak. Gold price soars to a new
Oil daily chart $80 WTI is important both psychologically and technically. It hasn’t been up here since November 7, when questions began about OPEC+ unity. OPEC has held it together so far and global growth has been strong so far this year. Technically, I would look to $81.46 next. That’s the 50% retracement of the