In this article META Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak forecast, pointing to a second consecutive decline in year-over-year sales. The shares dropped 3.8% in extended trading. Here’s how the company did: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv
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AUD/JPY drops to key support line on mixed data, takes offer of late. Sustained break of 200-HMA favor sellers to break nearby support. Weekly low lures intraday bears, buyers need validation from 95.70. AUD/JPY takes offers to renew intraday low around 94.50 after mixed Aussie data favored bears during Thursday’s Asian session. Australia’s preliminary Retail
The strongest to weakest of the major currencies It’s Fed Day. The Fed is expected to raise rates by 75 basis points when they announce their rate decision at 2 PM ET. That would take the rate to a high range of 2.5%. Fed officials have said the neutral rate is at that level (i.e,
I can’t find any headlines behind the quick $1.40 drop in crude oil prices but it’s spilled over into the Canadian dollar. The selling started right at the top of the hour so I’m guessing that some flows are involved. We get weekly inventory data today from the US later today. The API numbers were
Gold in the national capital on Wednesday rose Rs 115 to Rs 51,166 per 10 grams, amid a rise in international precious metal prices, according to Securities. In the previous trade, the yellow metal settled at Rs 51,051 per 10 grams. Silver also climbed Rs 482 to Rs 55,485 per kg from Rs 55,003 per
The currency markets continue to be relatively steady today, as traders are holding their bets ahead of Fed’s expected 75bps rate hike. Euro is recovering slightly but remains the worst performer for the week, followed by Yen. On the other hand, Canadian Dollar is leading Australian and Sterling higher. Dollar is mixed for now. The
In this article BA An aerial view of Boeing 777X and Boeing 737 MAX 10 airplanes parked at King County International Airport-Boeing Field, in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing on Wednesday stuck by its forecast to return to free cash flow in this year as it prepares to resume deliveries of its 787 Dreamliner
Shopify missed on top and bottom lines for Q2. SHOP stock is down more than 6% in Wednesday’s premarket. Shopify has begun laying off 10% of its workforce. Shopify (SHOP) stock is having a bad week, to say the least. First, the company announced mass layoffs that would affect about 10% of its workforce or
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In this video, we will talk about how to trade a SIMPLE Forex trading strategy. I believe trading Supply and Demand will help a lot of beginner traders because it’s easy to learn. Telegram group (free): https://t.me/realdaytradingaddict New* Training Videos: 👉 Trading program: https://tradewinprofit.podia.com/ Instagram @daytradingaddict Disclaimer: The information contained in this presentation is solely
The team behind the Harmony blockchain project has proposed the minting of up to 4.97 billion worth of its native token ONE to compensate victims of the $100 million Horizon Bridge hack in June. The proposal has been met with a significant amount of backlash from members of the community, with many highlighting concerns that
The major stock indices remain pressured with the NASDAQ index down nearly 2% ahead of some key earnings including Microsoft and Alphabet after the close. A snapshot of the market currently shows: Dow industrial average is down -241 points or -0.76% at 31749 S&P index down -49.13 or -1.24% at 3917.81 NASDAQ index -225.60 or
The UK’s Recruitment & Employment Confederation’s measure of confidence in hiring and making investment fell to -13 in the three months to June the lowest since the same period in 2020 down from -7 in the three months to May – Remarks from the report: “This new report clearly shows the effect of rising inflation
Gold rose marginally on Tuesday on the back of a weaker dollar, but the upside was capped as investors refrained from taking bigger bets ahead of the US Fed’s meeting over interest rate hikes. Expectations of around a 100-basis point rate hike surged after US annual consumer prices saw their sharpest spike in more than
Markets continue to be very quiet in Asian session today. Investors are clearly holding their bets ahead of tomorrow’s FOMC rate hike. Dollar is a softer one together with Yen and Swiss Franc. On the other hand, Canadian Dollar is firmer together with Aussie. Euro and Sterling are mixed. Generally speaking, most major pairs and
Everyone who cares knows that recessions happen when there are two consecutive quarters of negative growth — everyone, that is, except for the people who actually decide when the economy is in recession. For those folks, at the National Bureau of Economic Research, the definition of recession is much squishier. Officially, the NBER defines recession
In this article MCD A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s on Tuesday said both price hikes and value items fueled U.S. same-store sales growth, which was higher than expected during its second quarter. However, CEO Chris Kempczinski