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Gold in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to Securities. The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade. Silver also rose by Rs 426 to Rs 58,806
Both the NASDAQ index and the S&P index are trading above their 100 day moving averages, and both are up testing/moving above their 50% midpoint’s of the move down from the March high to the June low. Looking at the S&P index the 50% midpoint comes in at 4137.09. The current price is trading at
Reuters is reporting on the matter, citing sources familiar with the thinking of the bloc. It is said that Saudi Arabia and UAE could pump significantly more but would only do so if a supply crisis worsened this winter. One of the sources said that: “With possibly no gas in Europe this winter, with a
Aussie and Kiwi firm up mildly in Asian session, following the rebound in risk markets. But overall, the currency markets are rather quiet, with major pairs and crosses stuck inside last week’s range. Traders are probably holding their bets for now, and await today’s BoE rate decision. Another big event of US non-farm payroll employment
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle
In this article SBUX An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, fueled by demand in the U.S. for its cold coffee
NYSE:GME gained 5.83% during Wednesday’s trading session. AMTD Digital stock tumbles by more than 35% during intraday trading. AMC jumps higher again as short sellers feel pressure ahead of earnings. NYSE:GME extended its winning streak to six straight sessions on the strength of a broader market rally and a resurgence of meme stock hysteria. Stocks
New Delhi: Gold prices were trading flat on Wednesday despite a strong trend seen in the international market. A pullback in the dollar and Sino-US tensions helped counter the pressure from a rise in US Treasury yields. However, hawkish comments from the Federal Reserve officials on interest rate hikes weighed on the sentiments. A trio
The EURUSD moved lower in the US morning session and in the process tested a lower swing area between 1.01148 and 1.0121. The low morning session reached 1.0122. The inability to extend lower, has seen some profit taking buying as the pair remains stuck in the range that has confined the pair between 1.0096 and
The Fed raised rates last Wednesday where the Fed chairs comments were interpretted that the Fed would be more data depedent going forward. The market interpreted the comment to mean if July inflation is lower, it as an open road ahead. Traders started to push yields lower with the 10 year moving to 2.516% (from
Yen, Swiss Franc and Dollar turn softer with other markets trading in slightly upbeat tone. Traders are back to business as usual, after no substantial actions from China during the time US House Speaker Nancy Pelosi visited Taiwan. Australian Dollar is leading Canadian and Sterling higher. Euro is mixed for now. Focuses will turn to
If the U.S. economy is in recession, someone forgot to tell the jobs market. The employment picture over the past six months is behaving nothing like an economy in a downturn, instead creating jobs at a rapid pace of nearly 460,000 a month. Research from CNBC’s Steve Liesman indicates that during a typical downturn, the
In this article HOOD Robinhood CEO Vlad Tenev said Tuesday in a press release that the fintech company will reduce its headcount by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad
USD/CHF has picked bids around 0.9600 after a healthy correction. The DXY surrendered gains after the release of the upbeat US ISM Services data. This week, the release of the US NFP will be the key event for the FX domain. The USD/CHF pair has attempted a rebound after a corrective action towards the critical
Former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court on Wednesday, Reuters reported. Wahi is accused by United States law enforcement and the Securities and Exchange Commission (SEC) of insider trading while at Coinbase. He was
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