In this article NKE FL A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker shares tumbled in premarket trading Friday after the retailer said it expects revenue to drop in 2022 as it anticipates it will no longer be
AUD/USD saw a stunning rebound on Friday, rallying back to the mid-0.7200s as risk appetite improved. That marks a near 2.0% rebound from Thursday’s post-Russia invasion of Ukraine lows. Next week will be busy with the RBA deciding policy, US jobs and ISM surveys and Aussie GDP plus geopolitics. AUD/USD saw an ultra-impressive rebound on
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The price of the AUDUSD this week extended above its 100 day moving average (top blueline currently at 0.72376) on Wednesday for the first time since January 14. The run to the upside saw the price extend up to a high of 0.72831. The RBNZ rate hike helped to push the price higher in sympathy
Global stocks continue to rebound today. The West’s refrain from excluding Russia out of SWIFT was seen as a relief. But still risks remain, in particular if war spreads to NATO countries. Economic data continue to take a back seat, and even another surge in US inflation doesn’t move markets. As for currencies, Aussie is
BlackRock, the world’s largest asset manager with $10 trillion in assets under management for institutions, is about to enter the crypto space. The New York-based company will soon allow its customers to trade crypto through its sophisticated Aladdin investment management platform. Of course, this isn’t the first time BlackRock has expressed interest in crypto. In
Prior was +4.9% y/y Core m/m +0.5% vs +0.5% expected Prior core m/m +0.4% PCE price index +0.6% m/m vs +0.4% prior PCE price index +6.1% y/y vs +5.8% prior Consumers spending and income for January: Personal income 0.0% vs -0.3% expected. Personal spending +2.1% vs +1.5% expected. Real personal spending +1.5% vs -1.0% prior
New Delhi: Paring previous gains, gold prices in the national capital on Friday declined by Rs 1,274 to Rs 50,913 per 10 gram reflecting overnight fall in international market along with rupee appreciation, according to HDFC Securities. The yellow metal had closed at Rs 52,187 per 10 gram in the previous trade. Silver also plummeted
Jay Chaudry, founder and chief executive officer of Zscaler Inc. David Paul Morris | Bloomberg | Getty Images Cybersecurity software maker Zscaler saw its stock fall as much as 18% on Thursday after the company issued quarterly earnings guidance that was slightly less than analysts had predicted. The move more than erased a 10% gain
EUR/JPY remains well under pressure around 129.00. Next on the downside emerges the 2022 low at 127.90. EUR/JPY extends the weekly bearishness and revisits the 128.70 region, where some initial contention has emerged so far. Further losses in EUR/JPY remains well in the pipeline in light of the recent price action and following the risk
The price of WTI crude oil has tumbled back to the downside, erasing the gains seen starting yesterday ahead of the invasion of Ukraine. The last swing low nearly 24 hours ago bottomed at $91.27 before racing higher and peaking above $100 at $100.50. The price over the last 5 or so hours has seen
Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on safe-haven flows, together with Dollar. On the other hand, Euro is under heavy selling pressure together with commodity currencies. Technically,
Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the
New Delhi: Gold prices in the national capital rallied by Rs 1,656 to Rs 51,627 per 10 grams on Thursday on the back of safe-haven buying and sharp depreciation of rupee amid the Russia-Ukraine conflict, according to HDFC Securities. The yellow metal had closed at Rs 49,971 per 10 grams in the previous trade. Silver
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported, according to government data released Thursday. Initial filings for unemployment insurance totaled 232,000 for the week ended Feb. 19, the Labor Department said. That was a touch below the 235,000 Dow Jones
In this article BYND Packages of Beyond Meat Inc.’s plant based meat products, Beyond Burger and Beyond Sausage, are displayed at a supermarket on November 19, 2020 in Katwijk, Netherlands Yuriko Nakao | Getty Images Beyond Meat on Thursday reported a wider-than-expected loss and shrinking revenue for its fourth quarter. Shares of the company fell