CCIV merger speculation keeps investors thinking! CCIV one of Reddit-driven retail stocks for 2021. Churchill Corp subject of merger speculation with Lucid Motors. Update: Churchill Capital Corp IV (NYSE: CCIV) dropped nearly 6% to settle below the $33 mark on Monday, having found strong support just above $30. The shares of the blank-check company corrected lower
The dollar is struggling once again in trading today Invest in yourself. See our forex education hub. Things are getting rather dicey for the dollar this week as we now see EUR/USD hit 1.2100 upon rebounding from its 100-day moving average (red line) at the end of last week, with USD/JPY also tracking further below
10-year Italian bond yields fall to 0.50% Super Mario is back and the market continues to show a vote of confidence in him as BTPs push higher with yields falling to a record low in the European morning today. The transformation of Italian bonds over the past year is quite notable, especially since Lagarde &
Gold climbed for a third straight day as investors weighed prospects for more stimulus in the U.S. and the possibility of higher consumer prices against an advance in stocks to a record. The haven’s steady rise came with traders keeping tabs on a roaring Bitcoin market. The precious metal headed for the longest run of
Dollar’s selloff finally took off overnight as US stocks were boosted further to new record highs on reflation trade and vaccine optimism. Selling is really broad based this time, as the greenback tumbled even against Yen and Swiss Franc. For now, New Zealand and Australian Dollars are the strongest ones but Canadian Dollar is lagging
Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. Steve Marcus | Reuters Qualcomm reported first quarter earnings after the bell Wednesday. Adjusted earnings beat expectations but Qualcomm’s sales were
WTI stays strong near January 2020 highs while extending recent bounce off $57.59. Saudi Arabia’s extra supply cut from February gets active, chatters of eroding supply glut gain momentum. American stimulus hopes, US dollar weakness add strength to the commodities. API inventories, risk catalysts become the key catalysts to watch. WTI bulls dominate near $58.00,
Dollar and Yen are both recapturing some ground as risk appetite cools slightly in European session. Still, US stocks futures point to more record runs today while yields are firm. We’ll see if the greenback to ride on the trend to resume near term rebound. Canadian Dollar is currently the stronger commodity currencies, as supported
Russell index rises by 2.36% The major indices are all closing at record high levels, with today the Dow Industrial Average joining the S&P, Nasdaq and smaller cap Russell 2000 index (they each closed at records on Friday). The indices are also closing near the highs for the day. Leading the way is the Russell 2000 which is
Comments in an RBNZ report on financial stability There is evidence of a speculative dynamic emerging with many buyers becoming highly leveraged Now concerend about the risk a sharp correction in the housing market would pose for financial stability LVR restrictions do not apply to new residential construction Putting in place more stringent LVR restrictions
Bitwise, one of the world’s largest cryptocurrency fund managers, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to launch an exchange-traded fund for so-called “crypto innovators.” The fund manager filed Form N-1A with the securities regulator on Feb. 5, where it outlined its intent to offer the Bitwise
LONDON: Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President Joe Biden‘s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on
Shoppers pass a Coach display in Macy’s, New York. Scott Mlyn | CNBC Coach-owner Tapestry said Thursday its sales fell 7% during the holiday quarter as the retailer tries to claw its way back from the losses seen during the pandemic. The company appeared more optimistic, however, about shopper demand strengthening later this year, but
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USD/CHF regained positive traction on Monday and was supported by a combination of factors. The risk-on environment undermined the safe-haven CHF and extended some support to the pair. Surging US bond yields benefitted the USD and remained supportive of the intraday positive move. The USD/CHF pair maintained its bid tone through the first half of