Hawkish central banks have triggered the biggest year-to-date outflow for global stocks as Treasury bond yields continue to test multi-year highs. U.S. equity futures extended declines Friday, while the dollar hit a fresh two-year peak Read more…
USDCAD reversed from support level 1.2450 Likely to rise to resistance level 1.2650 USDCAD recently reversed up sharply from the powerful support level 1.2450 (which has been repeatedly reversing the price from the middle of Read more…
GBPUSD fell below 1.3000 to its lowest level in 17 months due to a weak retail sales report. ONS reports a 1.4% drop in total sales for March after a 0.5% decline a month earlier. Read more…
The world’s major currencies continue to surrender to the dollar one after another. Since the start of March, the yen has lost 11.5% and fallen to a 20-year low. But just as we saw the Read more…
Verizon said 2022 sales and earnings would likely come in at the lower end of the carrier’s prior forecasts. Verizon Communications (VZ) – Get Verizon Communications Inc. Report posted modestly stronger-than-expected first quarter earnings Thursday but Read more…
BTCUSD (Bitcoin) has been trending downwards since late March when further price advances got curbed at the 48,000 region. Although the price has managed to halt its decline and is currently experiencing a consolidation phase, the technical picture seems to be Read more…
It’s been another volatile week in financial markets but stocks are on course to end it in the red, with Europe down around 2% and US futures eyeing a weaker start. This comes despite investors Read more…
“Our strong first-quarter results demonstrated the continued business momentum we’ve achieved over the last several quarters despite the uncertain macro environment,” said CEO Stephen Squeri. American Express (AXP) – Get American Express Company Report posted stronger-than-expected Read more…
“As we look to seize Old Navy’s potential, particularly amidst the macro-economic dynamics facing our industry, we believe now is the right time to bring in a new leader,” said CEO Sonia Syngal. Gap Inc. Read more…
Real Money Columnist Jonathan Heller’s crab bisque index is flashing a warning signal. Real Money Columnist Jonathan Heller has been looking back to the 1970s to gain some perspective of rising inflation rates these days. Read more…