Wall Street isn’t likely to get any near-term relief from yesterday’s $1.5 trillion sell-off, the worst in two years, as stock futures move lower again in pre-market trading. U.S. equity futures moved sharply lower Thursday, Read more…
“Our business model remains more relevant than ever in the current inflationary environment,” said CEO Bob Eddy. BJ’s Wholesale Club (BJ) – Get BJ’s Wholesale Club Holdings, Inc. Report posted stronger-than-expected first quarter earnings Thursday as Read more…
WTI oil futures have recoiled toward the vicinity of the mid-Bollinger band and the 50-day simple moving average (SMA) after upside pressures ran out of steam near the 114.00 price hurdle. The ascending longer-term 100- Read more…
The US market crashed significantly in Wednesday’s trading, with echoes of the fall reverberating across Asian exchanges on Thursday morning. The US S&P500 is down more than 4 per cent for the day, the biggest Read more…
The USDJPY extends lower in early Thursday’s trading, following nearly 1% drop on Wednesday, as yen was supported by increased flow into safety on risk aversion. Negative signal is developing on daily chart as near-term Read more…
The Australian dollar regained traction on Thursday and recovered a good part of Wednesday’s 1% drop, underpinned by fresh optimism over relaxing Covid restrictions in China and solid Australia’s jobs data. Unemployment in Australia fell Read more…
Cable regained strength after being deflated on Wednesday (down 1.2% for the day) by high inflation figure. Investors turned focus towards the BoE, which is expected to raise rates by 25 basis points in the Read more…
“These lockdowns resulted in an even more severe shortage of certain critical components,” said CEO Chuck Robbins. “This in turn prevented us from shipping products to customers at the levels we originally anticipated heading into Read more…
The British pound has reversed directions on Thursday, after sliding 1.22% a day earlier. GBP/USD is trading at 1.2402 in the European session, up 0.50% on the day. The UK releases retail sales on Friday, Read more…
Stock futures extend slide as global market rout intensifies; Cisco shares tumble after weak outlook rattles tech equipment sector; Under Armour shares slide after surprise departure of CEO Patrick Frisk; Tesla shares looking at sub Read more…