Global markets are on the defensive Monday as China rate cuts raise growth concerns and Europe’s energy crisis keeps inflation concerns burning. Updated at 8:44 am EST U.S. equity futures slumped lower Friday, while the Read more…
WTI oil gained traction on Monday and returned above $90 per barrel, as traders collect profits from last week’s drop to the lowest in seven months, after bears failed to register a weekly close below Read more…
“Kasper Rorsted has strategically repositioned the company and fast-forwarded its digital transformation,” said supervisory board chairman Thomas Rabe. Adidas AG (ADDYY) shares edged lower Monday after the sports apparel group, and global Nike NKE rival, Read more…
Gold price started a major decline from well above the $1,780 level against the US Dollar. The price traded below the $1,760 support to move into a bearish zone. It settled below the $1,755 level Read more…
Bundesbank said in its monthly report that the Germany will be adversely affected by the unfavorable developments on the gas market in the summer quarter and beyond. Also, the likelihood of GDP falling in the coming Read more…
Bulls are consolidating at pivotal Fibo barrier at 137.26 (76.4% of 139.39/130.39 corrective leg) following last week’s 2.6% advance (the biggest weekly advance since the last week of May). Dollar remains firm in risk aversion Read more…
Cable remains firmly in red for the fourth straight day and hits five-week low on probe through 1.18 handle in European trading on Monday. Bears look for retest of 2022 low at 1.1760, break of Read more…
Stock markets are off to a bad start on Monday as investors question whether the recovery trade has gone too far. Last week brought an end to the late summer winning streak that saw stock Read more…
Bed, Bath & Beyond’s meme-stock supporters face a still challenge this week in the wake of activist investor Ryan Cohen’s $60 million exit. Bed, Bath & Beyond (BBBY) – Get Bed Bath & Beyond Inc. Read more…
Good day all, and welcome back to the Daily Authority. I had a quite fantastic weekend filled with lovely food, absorbing company, and pleasant weather, but now it’s back to the grind! Samsung Galaxy Watch Read more…