In this article DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting
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Nvidia will release official Q2 earnings after the close on August 24. Wall Street consensus is for adjusted EPS of $0.52 on $6.7 billion in sales. NVDA pre-reported Q2 revenue due to demand weakness. Nvidia (NVDA) will unveil earnings for the second fiscal quarter of 2023 after the close on Wednesday, August 24. NVDA shares are
Oil prices fell on Wednesday, taking a breather from a nearly 4% surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 21 cents, or 0.2%, to $100.01 a barrel by 0114
The declines in the USD are being whittled away as yields move back higher. The US 2 year auction was dismal with little in the way of domestic or international demand. The Jackson Hole Symposium may be weighing on the minds of investors. Sale of 2 year notes are generally not a problem, even though
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 your initial investment; do not
European majors, including the Swiss Franc, are under much selling pressure currently. EUR/USD dived through parity, and hit a new low. The development came on worries that Russia will further weaponize its natural gas supplies to Europe, adding further weight to the already troubled economy. Dollar is strong as supported by rising treasury yield, with
In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even
AUD/USD remains pressured around intraday low, reverses the previous day’s rebound from monthly bottom. Multiple swings around 61.8% Fibonacci retracement level highlight 0.6850 as the key support. Short-term bearish channel, pullback from 200-EMA also keep sellers hopeful. AUD/USD sellers attack 0.6900 while consolidating the bounce off the monthly low during Wednesday’s Asian session. The Aussie
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Gold rose by Rs 157 to Rs 51,707 per 10 gram in the national capital on Tuesday amid an increase in international yellow metal prices, according to Securities. In the previous trade, the precious metal settled at Rs 51,550 per 10 gram. Silver also jumped by Rs 364 to Rs 55,662 per kg. In the
The flesh PMI data was much weaker than expectations. New home sales and Richmond Fed also came in weaker while consumer confidence flash estimate was negative but not as weak as expectations. The weaker data has helped to send yields lower. The two year yield is down -6.9 basis points at 3.247%. The 10 year
Euro’s selloff continues today after poor PMI data and stays as the worst performer for the week. Swiss Franc is also weak for now, together with Sterling. Dollar remains the strongest one, but struggle to extend gains against commodity currencies. In other markets, major European indexes are soft but downside is limited. US futures also
USD/TRY extends the advance north of 18.00 on Tuesday. The rally in the US dollar sustains the upside in spot. Türkiye Consumer Confidence improved to 72.2 in August. The persistent upside momentum in the greenback lifts USD/TRY to the area of 2022 highs past the 18.00 hurdle on Tuesday. USD/TRY up on USD-buying, targets the
The Metaverse as a concept is an attempt to fuse physical reality, augmented reality (AR) and virtual reality (VR) into one seamless and immersive experience. The term “metaverse” was first used in Neil Stephenson’s 1982 cyberpunk novel Snow Crash. Stephenson’s metaverse was a virtual place where characters could go to escape a dreary totalitarian reality.
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures. Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near
The USD is making new highs as London/European traders exit for the day. Apart from the AUDUSD, the other major currencies are trading at new session high. The EURUSD is breaking below its 2022 low price and 0.99515. The low price reached 0.99269 so far. The current prices trading at 0.9932 just above that level.
This from ING on: media reports that policy banks in China are going to provide CNY200bn in special loans with funds from the Ministry of Finance and the PBoC. But, says ING: With an estimated 225 million sqm of uncompleted housing, and assuming that the construction cost is CNY3000 per sqm, the total cost required