In this article TGT FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | Reuters Target on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise
Retail Sales in the US stayed unchanged on a monthly basis in July. US Dollar Index continues to push higher toward 107.00. Retail Sales in the US stayed virtually unchanged at $682.8 billion in July, the data published by the US Census Bureau showed on Wednesday. This reading followed June’s increase of 0.8% and came
When Russia invaded Ukraine in the spring, energy experts were predicting that oil prices could reach $200 a barrel, a price that would send the costs of shipping and transportation into the stratosphere and bring the global economy to its knees. Now oil prices are lower than they were when the war began, having dropped
The major US indices are closing with mixed results. The Dow industrial average was the biggest winner with a gain of 0.71%. The NASDAQ index fell and the S&P index rose by equal 0.19% amounts. Home Depot and Walmart announced earnings before the opening and they both rose sharply. Home Depot is closing up $12.95
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
While Dollar remains generally firm, Yen is reversing much of this week’s gain. The moves come as European benchmark yields are trading generally higher. Major European stock indexes are also in slight positive position. Canadian Dollar is rebounding, responding more to rising core inflation reading. European majors and other commodity currencies are mixed for now.
In this article HD A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday reported higher second-quarter earnings and revenue that beat analysts’ expectations as the company cited continued strength in demand for home
GBP/USD Price Analysis: Pokes weekly resistance line around 1.2100 GBP/USD picks up bids to extend the previous day’s recovery to 1.2100 during Wednesday’s Asian session. In doing so, the Cable pair approaches a one-week-old resistance line while also portraying the third bounce off the 50% Fibonacci retracement level of July-August advances. Read More … GBP/USD
The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John Doe summons on SFOX, a Los Angeles-based cryptocurrency prime dealer. The IRS filed suit to receive the order, which directs SFOX to reveal the identities of customers who are U.S. taxpayers
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Gold prices declined by Rs 764 to Rs 52,347 per 10 grams in the national capital on Tuesday following weak global cues, according to Securities. The precious metal had closed at Rs 53,111 per 10 grams in the previous trade. Silver also tumbled by Rs 1,592 to Rs 58,277 per kg from Rs 59,869 per
As the North American session begins, the USD is the strongest and JPY the is the weakest. Energy remains a big worry and problem in Europe. Drought and the Ukraine war continue to push energy costs higher there. The Rhine River moving to critical threshold levels for ships is preventing barges of coal and other
Redbook is out with its weekly retail sales numbers and the first two weeks of August were up 11.6% compared to a year ago. The weekly number also rose 12.7% y/y compared to 10.4% last week. A better sign came from Wal-Mart, where shares are up 4.6% in the pre-market after earnings. The company guided
Yen and Dollar are so far stronger for the week, with recession as a main theme in the markets. Yet, their upside is relatively limited, as US stocks managed to extend near term rally overnight. Commodity currencies are generally on the softer side, but Aussie, Kiwi and Loonie are all staying inside last week’s ranges.
In this article WMT A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart on Tuesday said sales grew more than 8%, but profits tightened in the fiscal second quarter, as consumers turned to the discounter for groceries and essentials.
EUR/USD drops further and revisits the 1.0120 area. Extra losses should meet solid support around 1.0100. EUR/USD challenges the August lows in the vicinity of 1.0120 on turnaround Tuesday. While further correction appears likely in the short-term horizon, the lower end of the recent range in the 1.0100 zone should offer decent support prior to