In this article PTON Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with
WTI edges down at the end of the week in Asian trading hours. Bulls consolidate near the $68.00 level for the previous three sessions. Momentum oscillator holds onto oversold zone warns of aggressive bets. WTI prices edge lower on Friday following the previous two session’s lull performance. At the time of writing, WTI is
Erase yesterday’s modest gains The major US indices are ending the day lower, erasing the modest gains from yesterday: German DAX, -0.4% France’s CAC, -0.2% UK’s FTSE 100 -0.3% Spain’s ibex -0.9% Italy’s FTSE MIB -0.7% in other markets as London/European traders look to exit for the day: Spot gold is up $4.50 or 0.23%
US Q2 GDP (second reading) +6.6% vs +6.7% expected Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT The second look at Q2 2021 GDP The advance reading on Q2 was 6.5% Q1 was 6.4% annualized 2020 GDP was -3.4% Personal consumption +11.9% vs +11.8% advance reading GDP price
Not so many years ago, Lamborghinis were the main “flex” for crypto “moon-boys” as token prices reached astronomic valuations. Several high-profile cryptocurrency proponents made it a habit of arriving at conferences behind the wheels of exotic supercars and “when Lambo” was a popular refrain in the industry. These days, nonfungible tokens (NFT) are arguably the
New Delhi: Gold in the national capital on Thursday dipped Rs 265 to Rs 46,149 per 10 grams, in line with a fall in international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, gold closed at Rs 46,414 per 10 grams. Silver also tumbled Rs 323 to Rs 61,653
Another round of selling was seen in Dollar overnight, as US stocks extended record run. But Yen was even weaker, following the strong rally in treasury yields. It remains to be seen if investors are already starting to position themselves for the Jackson Hole symposium. For now, Yen, Dollar, and Swiss Franc are the worst
In this article ULTA Florida, Port St Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store. Jeff Greenberg | Universal Images Group | Getty Images Ulta Beauty shares rose nearly 5% in extended trading on Wednesday after the company reported fiscal second-quarter sales jumped more than 60% as shoppers rushed in to restock
In an interview with CNBC on Thursday, St. Louis Fed President James Bullard reiterated that he would want asset tapering to be completed by the first quarter of 2022, as reported by Reuters. Additional takeaways “Skeptical inflation will moderate in 2022, perhaps higher than 2.5%.” “Delta variant will peak at some point, message remains that economy
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Level corresponds with the 61.8% retracement level The NZDUSD is trading to new session highs for the day and in the process is testing a break level from last week’s trading and also the 61.8% retracement of the move down from the August high to the August low. Those levels come near 0.69796. Looking at the hourly chart,
Here’s a EUR/USD 1.16 forecast … in 6 months Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Does not augur well for active trading in the euro if so! Snippet via Rabo, As the winter approaches many policymakers in various countries are wary that some increase in covid
New Delhi: National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by September 10. The direction came after capital markets regulator Sebi said that certain members are providing a platform to their clients for buying and selling digital gold. Securities and Exchange Board of
Dollar continues to pare back some of this week’s losses in early US session, after slightly better than expected durable goods orders. But strength of recovery is so far relatively weak. Markets are also generally in mixed mode. Euro has litter reaction to worst than expected Germany business climate data, too. Overall, traders are turning
In this article CRM Marc Benioff, billionaire and co-founder and chief executive officer of Salesforce.com Inc., pauses during a panel session on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. World leaders, influential executives, bankers and policy makers attend the 50th annual meeting of the World
Reuters came out with the poll results of around 110 economists during early Thursday. The survey results said, “The blistering rally in global stocks is nearly over, any further gains will be limited and a correction is likely by the end of the year.” Barclays’ Emmanuel Cau said, “The positive earnings season catalyst now behind