In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000
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The EURUSD moved above a channel trend line in the Asian session – helped by sideways and modest corrective price action. However, the break was short-lived, and the topside trendline started to see sellers leaning against it as the price wandered lower. That wander, transitioned to a run after the higher-than-expected core PCE data in
The calendar turns to March on Wednesday and the rule of thumb is that non-farm payrolls comes on the first Friday of the month. So why is the jobs report scheduled for March 10 instead of March 3? The short answer is that the rule of thumb is wrong. The slightly-longer answer is that it’s
The year 2022 was a tough period for silver. Uncertainty surrounding China’s industrial demand, a firmer US dollar, and rising global interest rates made it the worst-performing asset in the precious metal complex last year. In the benchmark London spot market, silver started trading at $23.29 an ounce but plunged to a two-year low of
Qantas CEO Alan Joyce says he expects the airline to see a full return to pre-Covid capacity in 2024. “We’re confident that we’ll get back … 100% of our pre-Covid international capacity, and well over 100% for our domestic capacity,” Joyce projected for financial year 2024. ″[There is] really strong demand in leisure, in business
United States Treasury Secretary Janet Yellen stressed the importance of implementing a strong regulatory framework for cryptocurrencies during a G20 meeting on Feb. 25. Speaking to Reuters, Yellen said that it was “critical to put in place a strong regulatory framework.” She also noted that the United States is not suggesting an “outright banning of
The USDJPY is testing the earlier high for the day at 136.46. Looking at the hourly chart, the pair spiked higher after the Core PCE, but then quickly rotated to the downside. That move tested the swing highs from last Friday and Tuesday before restarting the run higher. The move took the price through a
When you zoom out and look at the weekly oil chart, all the volatility seems to spill away. There have been plenty of whippy moves in the past few months but it’s all taken place in a range of $70-85. This week, oil bounced around again but closed almost perfectly flat on the week after
Gold has continuously been under downside pressure for the last few weeks as the financial markets have started repricing US interest rate risk amid rising inflationary pressure and some key economic indicators turning out to be much better than expected. The US personal consumption expenditures gauge rose more than forecast amid robust personal spending, which
Dollar rose broadly last week and ended as the strongest one, as markets added bets on a higher Fed terminal rate after re-acceleration in inflation data. Sterling ended as second after strong services data, which also supported Euro, while Canadian was the third after higher than expected inflation reading. Aussie was the worst performer on
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook for the world is slightly brighter at the beginning of
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing. Kuang Da | Visual China Group | Getty Images Alibaba reported earnings for its
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The foreign exchange market is a market where participants buy, sell, and exchange trillions of dollars worth of currencies daily. Learn the basics of the FX market.
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