China’s official manufacturing PMI slipped to 50.1 vs 50.3 in January, a number highlighting only the slightest bit of growth. The private survey from Caixin was worse falling to 49.1 from 50.9. The Caixin reading is the lowest since the dawn of the pandemic: China is struggling with rising covid cases in a number of
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TOKYO: Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 49 cents, or 0.6%, to $89.83 a barrel at 0310 GMT, after falling 62 cents during the previous day. However,
In this article MCD Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.34 expected
US equities surged in late trade after a broadly positive session as Fed bets eased after softer wage data. The S&P 500 lept to close above the 4400 level again to close 2.4% higher and end the week positive. Apple led the charge after positive Q4 earnings and record iPhone sales. US equity markets posted
The AUDUSD fell to a new low going back to July 2020. In the process, the price fell below the 2021 low at 0.6992. The low price reached 0.69669 and stayed below that level for around three hours before rebounding back above. The last 5 hourly bars has seen the price trade above and below
In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossible feat for centralized police forces. However, in an interview with Cointelegraph, an anonymous cyber vigilante shares insights into how he went
There’s an old saying in markets: So goes January, so goes the year. Investors better hope it’s not true. The S&P 500 currently sits higher by 36 points on the day to 4362. That puts the month-to-date move at -8.47%. The all-time worst January was in 2009, which produced an 8.6% decline. To beat that,
Mumbai: India’s gold consumption surged to 797.3 tonnes in 2021, on the back of recovery in consumer sentiments and pent-up demand post COVID-19-related disruptions and the bullish trend is set to continue this year as well, according to the World Gold Council (WGC). WGC in its Gold Demand Trends 2021 Report said India’s total gold
In this article CMCSA Brian Roberts, CEO, Comcast, speaks with Jim Cramer, on CNBC’s “Mad Money” from Philadelphia, September 6, 2018. David A. Grogan | CNBC Comcast is set to report earnings for the fourth quarter of 2021 before the bell on Thursday. Here are the key numbers: Earnings: 73 cents per share expected, according
The USD/JPY slides 0.15% as investors prepare for the weekend. The greenback finished the week above 97.00 for the first time since June 2020. USD/JPY is upward biased, but the pair could print a leg-down before resuming the uptrend. As Wall Street closes, the USD/JPY slides ahead of the weekend, spurred by the US 10-year
Today is the seventh consecutive day of declines in NZD/USD. Even with a better mood in markets today, the pair is down 40 pips to 0.6542. Yesterday it was largely a broadly strong US dollar pushing the pair down but the kiwi is uniquely soft today, along with the Australian dollar. The weekly NZD/USD chart
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The 3 major indices (Dow, S&P and Nasdaq) rode a wave of buying higher on the day, closed at the highs and just like that, erased the declines for the week. The Dow, S&P and Nasdaq each had best day of the new year Dow and S&P posted their first weekly gain in four weeks
Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022. West Texas Intermediate rose 2% for the week as robust demand tightened global markets. As supply remains constrained, a chorus of Wall Street banks and oil executives are forecasting a return to $100
In this article HOOD Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Stock-trading app Robinhood gave a bleak revenue forecast for the first quarter of 2022 on Thursday as its latest earnings report showed a decline in users. Shares of Robinhood tanked
The Australian dollar fell off the cliff against the Japanese yen, down 0.77%. Market sentiment has improved in the session, but in the FX market, safe-haven peers rise. AUD/JPY bears look forward to a Weekly/Friday close below 80.70, which would increase the odds for a fall towards 78.78. On Friday, as the North American session