The Wall Street Journal (gated) with the report: PepsiCo is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal. Hundreds of jobs will be
Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price cap on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over
Euro rises broadly today as supported by improvement in investor sentiment, but Sterling and Swiss Franc are lagging behind. Canadian Dollar also follows oil price high, as China appears to be moving further towards reopening. Australian Dollar is also firm. But Yen and Dollar are on the weaker side on positive market sentiment. Technically, while
AUD/USD has plunged below 0.6700 as the market mood has soured on upbeat US Services PMI data. A tight labor market and solid demand for services in the US indicate that short-term inflation is still de-anchored. The RBA is expected to announce a third consecutive 25 bps rate hike ahead. The AUD/USD pair has witnessed
The US stocks are recovering from their initial declines on the back of the stronger US jobs report. The S&P index is currently trading down -18.30 points or -0.45% at 4058.28. The low price reached 4026.63 (-49.95 points). The high price is up at 4063.81 (-12.77 points). The move back to the upside has taken
Timiraos has been a sort of Fed whisperer as of late, so it is something to follow in case his remarks or views have any juxtaposition with prevailing market sentiment. Think back to how markets used to follow Hilsenrath when it came to Fed commentary. In any case, this is the latest by Timiraos and
New Delhi: Gold prices rose on Monday, hitting new 5 month highs on the back of weaker US Dollar and renewed interest in bullion after partial relaxations in Covid-19 restrictions by China. US employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably
Dollar’s selloff continues in Asian session today as overall market sentiment is supported by further restriction easing in China. The improvement in sentiment is also reflected in some weakness in Yen and Swiss Franc. Australian Dollar and Canadian Dollar are trading generally higher, awaiting rate hike by RBA and BoC later in the week. Euro
In this article TSLA GSBD AMZN JPM Follow your favorite stocksCREATE FREE ACCOUNT Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worries the Federal Reserve’s attempts to bring down inflation
OPEC and its allied producers (OPEC+) have agreed to maintain their current oil-output targets despite a recent decline in energy prices. Oil prices showed no immediate reaction, which bode ill for the Norwegian Krone, economists at Commerzbank report. OPEC+’s long-term price setting scope seems limited “In the run-up to the OPEC+ meeting there had been
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Doge coin technical analysis and price forecast: From the peak in May 2021, Dogecoin has been in a strong bear market as market expectations of higher interest rates from the Fed to fight inflation forced buyers to rush for the exit. We’ve seen a general bear market for over a year in the cryptocurrency space
Amidst the trickle of news on China’s more targeted approach to coronavirus restrictions and moves towards reopening, this for example: Beijing and Shenzhen have loosened more Covid-19 restrictions Comes this from over the weekend, carried in Taiwanese media: Chinese President Xi Jinping is unwilling to accept Western vaccines despite the challenges China is facing with
Oil prices edged lower in early Asian trade on Friday as the U.S. dollar pared some losses, while easing COVID-19 curbs in two Chinese cities limited losses. Brent crude futures were down 11 cents or 0.1% at $86.77 per barrel by 1:28 GMT, while U.S. West Texas Intermediate (WTI) crude futures lost 14 cents or
Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam, according to a report Wednesday from payroll processing firm ADP. Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October and well below the Dow Jones
Gold price is hovering around $1,800.00 as investors await US ISM Services PMI data. The upbeat US NFP data has failed to fade the odds of the Fed’s rate hike slowdown. Solid United States Services New Orders could drive inflation expectations higher. Gold price (XAU/USD) is facing immense pressure in conquering the round-level resistance of