In this article F Ford Motor Co. signage at the Washington Auto Show in Washington, D.C., Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT — Ford Motor‘s shares slid after it reported fourth-quarter earnings Thursday that significantly missed Wall Street’s earnings expectations and slightly missed on revenue. The company’s shares tumbled by
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Markets are expecting too much tightening from the South African Reserve Bank (SARB) warn analysts at CIBC. They see the USD/ZAR at 15.75 by the end of the first quarter and at 16.00 by mid-year. Key Quotes: “The South African Reserve Bank has followed the November hike with a second 25bp move, taking rates
The price of the EURUSD continues its run to the upside and as extended above its 100 day moving average for the first time since June 16. The next target is the high from January 13 at 1.1482. That is near the 50% midpoint of the range in the EURUSD since 2020. (see earlier posts
Euro remains in the spotlight in Asian session, as post-ECB rally is extending. Dollar is particularly in pressure as markets are awaiting disappointment from non-farm payroll job data. Yen is currently the second weakest for the week, following the greenback. Aussie is the second strongest, next to Euro, followed by Kiwi. Focuses will turn to
The decentralized finance (DeFi) space is continuing to heat up, with the world’s first ever exchange traded fund (ETF) launching this month. Hashdex, a Brazilian asset manager, is launching an ETF fund in collaboration with CF Benchmarks to track 12 DeFi tokens. The Hashdex DeFi Index ETF will be listed on the Brazilian stock exchange
Despite the bounce in US futures, equities sentiment is failing to really convince in European trading so far. Regional indices are now holding more mixed after a positive open with gains trimmed across the board. This comes as European bond yields are continuing to tick higher, building from the hawkish overtones from the ECB yesterday.
NEW DELHI: Gold prices were little changed on Friday, marginally up and set for a gain on a weekly basis. A weaker dollar, concerns over stubborn inflation and tensions surrounding Ukraine lifted demand for the safe-haven bullion. The dollar index was set for its biggest weekly drop since March 2020, lifting demand for the greenback-priced
In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report its fourth-quarter earnings after the bell on Thursday. Here’s what Wall Street expects: Earnings per share: $3.57, according to
GBP/USD retreats from intraday high, stays firmer for the sixth consecutive day around fortnight top. Fears of UK PM Johnson’s sacking, German official’s warning to Britain and Northern Ireland’s halt to Brexit checks probe bulls. BOE announced 0.25% rate hike to battle inflation, US data came in mixed. DXY renews 13-day low, despite firmer yields
The BOE raised rates by 25 basis points with dissenters in the 5-4 vote leaning to 50 bp rise. That initially sent the EURGBP to the downside. However, after Lagarde started to switch course for the ECB, it was “fast break the other way” for the EURGBP with the price racing toward the high from
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”
More than three months after its release, the ad from crypto exchange Crypto.com featuring Hollywood star Matt Damon was the subject of ridicule in the latest episode of the animated series South Park. In the first episode of its 25th season titled “Pajama Day”, the creators of South Park took on people in the United
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With Paypal yesterday and Meta today, two big names have taken a big fall – like > 25% fall in one day after earnings and guidance disappointments. After the close, Amazon will not only be one of the last big cap names to report (the last of the FAANG), but it will also represent the
New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America’s housing market relate to past policy decisions. In particular, they say restrictive zoning codes are