People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Video game retailer GameStop said Wednesday its fiscal second-quarter losses narrowed as sales rose from a year ago. Shares of the company fell about 2% in extended trading. For the
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USD/JPY bulls stepping back in and price corrects bearish daily impulse. The dollar index ended Wall Street down nearly 0.2% as measured by DXY. USD/JPY is moving back in on the 108 figure following a firmer performance in the greenback for the first part of the North American session. At the time of writing, USD/JPY
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Weekly US oil inventory data from the EIA Gasoline -7215K vs -3390K expected Distillates 3142K vs -2617K expected Refinery utilization -9.4% vs -4.9% expected Cushing +1918K Production estimate 10.0mbps vs 11.5 mbpd prior Implied demand -2.866 mbpd The story here is that refineries ran slower than anticipated, which is going to continue to put a
NEW DELHI: Following global trends, gold was trading lower on Thursday. A strong US dollar weighed on the sentiments, whereas investors awaited a policy decision by the European Central Bank (ECB) due later in the day. Gold futures on MCX were down 0.25 per cent, or Rs 118, at Rs 46,920 per 10 gram. Silver
Euro tumbles notably against European majors and Yen today, and ECB’s re-calibration of PEPP purchases provide no support. But Dollar is seen as equally weak. Sterling is currently the star performer for today, followed by Swiss Franc and Yen. Commodity currencies are mixed. Focuses will now turn back to development in stocks and bonds markets,
Health conscious American millennials have found their drink of choice: alcoholic carbonated water that is lower in calories and carbs than beer and wine. A hard seltzer craze is sweeping the United States as Generation Y and Generation Z pursue healthier lifestyles, influenced by viral trends on Instagram and YouTube. TIMOTHY A. CLARY | AFP
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The airline sector has been at the forefront of the pandemics impact over the last 18 months, and at the end of H1 reported a loss of £701m in May. In July the company said the outlook for Q3 wasn’t expected to look much better with the airline saying it only expected to fly around
Crypto Gaming United, a startup aiming to build a global community of nonfungible token (NFT)-focused play-to-earn gamers, hraised $5 million in an oversubscribed seed funding round. A Sept. 8 announcement notes the round was led by famed Australian venture capitalist Mark Carnegie and Chrono.tech CEO Sergei Sergienko — with the pair having co-founded the crypto-focused
The dollar bid is in flux The abrupt reversal in the US dollar today likely has market participants feeling off balance. In addition, US 10-year yields looked to be breaking higher yesterday only to give it all back and more today. The setup going into tomorrow is uncertain. On the charts, there are a series
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
SINGAPORE: Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in US Gulf of Mexico output following damages from Hurricane Ida underpinned the market. Brent added 23 cents, or 0.32% to $72.83 a barrel at 0221 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%,
The loonie recovered modestly after the BOC meeting. As widely expected, policymakers left the overnight rate unchanged at 0.25% and QE purchases at CAD 2B/ week. Yet, they remained cautiously optimistic over the medium term economic outlook, despite disappointing GDP data in 2Q21 and July. We expect the central bank to continue to taper the
In a Wall Street Journal publication on Wednesday, entitled, ”Democrat’s Split Over Powell Fed Reappointment”, markets are again contemplating his replacement next year. Progressive Democrats have been urging US president Joe Biden to replace the Federal Reserve’s chairman, Jerome Powell. Such reps as New York Rep. Alexandria Ocasio-Cortez are looking for a sweeping makeover at the Fed so that
German DAX, -1.4% The major European indices are ending the session with the client across the board. The provisional closes are showing: German Dax -1.4% France’s CAC, -0.8% UK’s FTSE 100, -0.7% Spain’s Ibex, -0.44% Italy’s FTSE MIB, -0.6% In other markets as European/London traders look to exit: Spot gold the is trading down $-2.46 or -0.14%
The latest forecasts from the EIA Sees 2021 US output falling to by 200K bpd this year vs -160K bpd in prior forecast (to 11.08 mbpd) Sees 2022 output rising 640K vs 650K bpd prior Sees 2021 demand up 1.55 mbpd vs 1.58 mbpd prior Sees 2022 demand rising 890K bpd vs prior forecast of
New Delhi: Gold in the national capital on Wednesday tumbled Rs 264 to Rs 46,140 per 10 gram amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,404 per 10 grams. Silver rose marginally by Rs 22 to Rs 63,486 per kilogram from Rs 63,464