Bezos’ yacht, now called Y721, is being built in the neighboring city of Alblasserdam, and will reportedly cost him $500 million. The Dutch city of Rotterdam will temporarily dismantle part of a historic bridge so Read more…
The Biden administration is looking to hold up an $11.3 billion USPS truck contract because the deal isn’t green enough. President Joe Biden’s push to combat climate change is a wildcard that could turn fortunes Read more…
Here are the major support and resistance areas to know for Amazon stock ahead of the tech and online-retail giant’s earnings. Coming into Amazon’s (AMZN) – Get Amazon.com, Inc. Report earnings report, the shares have been Read more…
Summary The Bank of England (BoE) delivered a February monetary policy announcement that was towards the hawkish end of market expectations. The BoE raised its policy rate 25 bps to 0.50%, though several policymakers dissented Read more…
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings. Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed Read more…
Facebook’s metaverse division lost more than $10 billion last year, but the company is sticking to its bet and will continue to invest in AR/VR projects. Facebook’s (FB) – Get Meta Platforms Inc. Class A Read more…
Soaring wages, shipping rates and Covid costs are likely to eat away at Amazon’s Q4 bottom line, but the world’s biggest online retailer is still a top-line powerhouse. Amazon (AMZN) – Get Amazon.com, Inc. Report shares Read more…
EURCAD surged furiously above the 200-period simple moving average (SMA) on the four-hour chart, which has been blocking upside movements over the past few sessions, to print a one-month high at 1.4484. The market action, Read more…
The ISM services index eased 2.4 percentage points (ppts) to 59.9 in January (from 62.3 reported in December). This was a slightly better reading than 59.5 expected by the median consensus estimate. Demand sub-indexes continued Read more…
The latest batch of Canadian employment data will hit the markets at 13:30 GMT Friday. It seems that the Omicron wave hit the labor market in January, with forecasts pointing to a loss in jobs. Read more…