CEO Sonia Syngal will step down as CEO and the struggling casual apparel retailer said current quarter sales would continue to decline. Gap Inc. (GPS) – Get Gap Inc. (The) Report shares slumped lower Tuesday after Read more…
“We are pleased with our results despite ongoing macroeconomic and geopolitical volatility and higher levels of inflation across our markets,” said CEO Ramon Laguarta. PepsiCo (PEP) – Get PepsiCo Inc. Report posted better-than-expected second quarter earnings Read more…
Cable hit new lowest since March 2020, in extension of Monday’s 1% drop, with close well below 1.20 handle and former lows at 1.1958/30 (Sep 2019 / Oct 2016 lows respectively) and fresh extension lower Read more…
Stock futures slump with earnings, inflation in focus; Euro hits parity against the greenback for first time in 20 years; Twitter fires back at Elon Musk, demands $44 billion merger completion; Gap shares tumble on Read more…
Germany ZEW Economic Sentiment dropped from -28 to -53.8 in July, well below expectation of -38.0. Current Situation Index dropped from -27.6 to -45.8, below expectation of -33.5. Both readings were even worse than the Read more…
BoE Deputy Governor Jon Cunliffe talked about the lessons learned from recent “instability and losses in crypto markets”, also called the “crypto winter”. He said, “a widespread collapse of crypto-asset valuations has cascaded through the Read more…
Bitcoin was down 2.5% on Monday and, continuing its decline on Tuesday morning, was back at $20,000. Ethereum has lost 5.2% in the past 24 hours to $1090. Altcoins in the top 10 fell from Read more…
GBPUSD could not close successfully above the 1.1988 – 1.2000 bar (2016 – 2019 base) last week, with the price erasing its latest bullish attempt to chart a new two-year low at 1.1844 early on Read more…
EUR/USD The euro lost ground against the dollar, and after the successful breach of the support at 1.0071, the currency pair slipped into a new 19-year low. If trading remains limited under the mentioned zone, Read more…
The British pound remained on edge as investors waited for clarity on who will become the next prime minister after Boris Johnson’s resignation. It has already become a crowded race, with many influential leaders declaring Read more…