Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, May 5, 2021. Octavio Jones | Reuters Higher prices and longer wait times do not appear to be turning buyers away from the nation’s homebuilders. With demand still surging, homebuilder confidence in the
In this article WMT A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart‘s fiscal third-quarter earnings on Tuesday topped analysts’ expectations as price-sensitive grocery shoppers flocked to its stores amid rising costs for household staples. The retailer’s
Higher equity prices and US yields weigh on the Japanese yen. US economic data released on Tuesday surpass expectations. USD/JPY breaks key resistance and strengthens positive outlook. The USD/JPY broke above 114.30 and jumped to test the multi-year high below 114.70. It peaked at 114.63, the strongest in four weeks and then pulled back modestly.
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Euro tumbled broadly overnight, riding on dovish comments from ECB President Christine Lagarde. In short, Lagarde continued to talk down the need of early stimulus withdrawal and warned of the hurt to recovery for doing so. Swiss Franc is currently the second weakest, followed by Yen. On the other hand, commodity currencies are the stronger
Dow industrial average down for the fourth time in five days The major indices are closing lower in the day after giving up earlier gains. Dow industrial average was up 135.76 points at the high S&P was up 14.25 points at the high NASDAQ index was up 57.6 points at the high NASDAQ index snapped
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NEW DELHI: Gold prices held steady at their five-month peaks on Tuesday after a strong up move in the previous session. Concerns over broadening inflationary risks kept bullion’s safe-haven appeal intact in the face of a stronger US dollar and elevated bond yields. Gold futures on MCX were up by 0.12 per cent or Rs
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images Interest rates could remain at their record lows “forever,” according to one asset manager, despite a recent rush to normalize policy by many of the world’s central banks. GAM Investments’ Julian
In this article LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Shares of Lucid Group jumped by more than 5% during afterhours trading after the electric vehicle start-up announced a notable increase in vehicle reservations
NYSE: NIO trims parts of its Friday’s gains at the beginning of the week. XPeng releases details on a new SUV model to take on GM. Volkswagen reports its EV sales in China have already surpassed its domestic rivals. Update, November 16: NYSE: NIO lost almost 5% of its value on Monday, extending the previous
Australian Dollar leads other commodity currencies higher today, as supported by solid risk appetite. US futures indicate a much higher open and extended rally could push major indices to new record highs later this week. Dollar and Euro are currently the weakest ones for the day, followed by Yen. Sterling and Swiss Franc are mixed.
50% midpoint at 0.9224 in the USDCHF The USDCHF move lower earlier in the Asian session and in the process tested the 100 day moving average at 0.9188. The low price reached 0.91866, and quickly rebounded. Sellers turned the buyers, and with the dollar buying in the US session, has sent the price higher. The pair’s run to
Bank of England’s Bailey test foreign to Treasury select committee (with others) Highlights of Bank of England’s Bailey’s testimony Very uneasy about inflation situation November decision was a very close call We now have much more two-sided risks Labor market looks tight Real puzzle we have is what happens at end of furlough scheme Big question
Despite his actual term at the helm of the New York City government kicking off some 1.5 months from now, Eric Adams, the city’s mayor-elect, has already started governing by publicity. Making the Empire City more business and tech-friendly is a centerpiece of Adams’ vocally projected agenda, and — much to the crypto community’s delight
New Delhi: Gold in the national capital on Monday dipped by Rs 82 to Rs 48,246 per 10 gram in line with weak international precious metal prices and a stronger rupee, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,328 per 10 gram. Silver also declined Rs 208