A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the company announced CEO John Foley will be stepping down, as part of a broader restructuring of
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The United States national governing body for the sport of figure skating, the U.S. Figure Skating, is the latest organization in the country to enable donations in cryptocurrencies like Bitcoin (BTC). The association has partnered with the enterprise-level donation platform Engiven in order to start accepting donations and gifts in cryptocurrency, the U.S. Figure Skating
Gold price is on the back foot on Tuesday after witnessing back-to-back rallies following the stunning US employment data. The renewed uptick in the US Treasury yields is boosting the demand for the greenback across the board, weighing on the non-yielding gold. Although looming US-Russian tensions over Ukraine and Sino-American tensions could help put a
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AP had the report Monday US time: 33 Chinese companies whose legitimacy cannot be verified new restrictions on their ability to receive shipments from U.S. exporters imposed requiring extra diligence from American companies that want to do business with them He added that the addition of 33 parties in the People’s Republic of China to
USDCAD tests the next key downside target area Earlier today I posted on the USDCAD (see “The USDCAD retraces back to the 100/200 hour MA. This is the place to buy if you like the upside“), that the 100 and 200 hour MA were being tested at 1.2702 and that: “If it is time to
BEIJING: Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies. Brent crude was last down 36 cents, or 0.4%, at $92.33 a barrel by
A person walks into a new cookie shop next to a “Help Wanted” sign on January 12, 2022 in New York City. Alexi Rosenfeld | Getty Images A jobs market that was on fire for most of 2021 looks like it was dealt a cold splash of reality to start the new year. Judging by
XAU/USD has recently pushed back above $1820 and, in doing so, moved back above its 21DMA. The bulls will be eyeing a move towards the next key resistance area around $1830. XAU/USD has been taking advantage of the subdued FX markets and a slight pullback in US government bond yields. Spot gold (XAU/USD) prices have
The US has been re-calibrating its steel policy since the Trump era and has worked with countries one-by-one to put in place quota systems, with high tariffs beyond that. Countries initially resisted but they’ve slowly found enough common ground to make deals. US companies have some plans to raise domestic capacity but steel prices are
USDJPY holds support on the dip The USDJPY stepped higher with the higher rates last week. The move to the upside took the price back above the 200 and 100 hour MAs (green and blue lines). The correction lower on Friday ahead of the better than expected NFP report, stalled right at the converged 100/200
Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed. In other markets, major European indexes are trading water while US futures point to slightly
New Delhi: Gold price in the national capital on Monday jumped Rs 146 to Rs 47,997 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,851 per 10 grams. Silver also gained Rs 635 to Rs 61,391 per
Initial filings for unemployment claims totaled a bit fewer than expected last week as companies looked to overcome the impact of the omicron spread. Claims for the week ended Jan. 29 were 238,000, a touch lower than the 245,000 Dow Jones estimate, the Labor Department reported Thursday. That was also a decline from the previous
The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to local reports. Venezuela’s National Assembly held the second discussion session on Thursday for a new draft bill targeting taxes on “large financial transactions” in cryptocurrencies like Bitcoin (BTC). The Venezuelan government reportedly approved
The GBP/USD pair is having a difficult time making a decisive move in either direction early Monday but a drop below 1.3520 could attract sellers, according to FXStreet’s Eren Sengezer. Correction could deepen with a drop below 1.3520 “The Fibonacci 38.2% retracement level of the latest uptrend seems to have formed support at 1.3520. In