The young electric vehicle manufacturer is having difficulty increasing production rates. The first quarter was brutal for Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report. The stock took a beating on Wall Street Read more…
Inflation sizzling in the eurozone Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Read more…
Star fund manager Cathie Wood’s Ark Innovation shows “few signs of improving its risk management or ability to successfully navigate the challenging territory it explores”, Morningstar said. Ark Innovation (ARKK) – Get ARK Innovation ETF Read more…
Goldman analyst Rod Hall said “increasing fundamental headwinds” could impact Dell stock in the coming year. Dell Technologies (DELL) – Get Dell Technologies Inc Class C Report shares moved lower in pre-market trading after analysts at Read more…
The Canadian dollar has posted small gains, trading just below the symbolic 1.25 line in the European session. We could see stronger movement from the currency when US nonfarm payrolls are released later today. The Read more…
The Euro started a fresh decline from the 1.1180 resistance zone against the US Dollar. The EUR/USD pair declined below the 1.1120 level to move into a short-term bearish zone. The price even traded below Read more…
Stock futures higher as jobs report looms, bonds flash recession; March jobs report expected to show slowing growth, higher wages; Oil prices edge higher following Biden’s historic SPR release; GameStop shares soar as retailer plans Read more…
GBPJPY is gaining some ground again after three consecutive red days with the technical indicators endorsing this view. The RSI is heading up in the positive region and the MACD is looking highly elevated above its trigger Read more…
Eurozone CPI accelerated sharply from 5.9% yoy to record high at 7.5% yoy in March, above expectation of 6.5% yoy. Core CPI also rose from 2.7% yoy to 3.0% yoy, but missed expectation of 3.1% Read more…
UK PMI manufacturing was finalized at 13-month low of 55.2, down from February’s 58.0. S&P Global said new export orders contracted for the second month running. Inflationary pressures strengthened. Rob Dobson, Director at S&P Global, Read more…