Companies that file for Chapter 11 bankruptcy protection can experience damaged relationships with creditors, suppliers, and customers. The challenges associated with restructuring businesses via bankruptcy make it a last resort. Nevertheless, inflation, higher interest rates, and tighter Read more…
CVS Health CVS posted stronger-than-expected third quarter earnings Wednesday, powered by gains in its pharmacy and health care benefits division, but stuck to its full-year profit forecasts. CVS said adjusted earnings for the three months ended in Read more…
Advanced Micro Devices AMD shares slumped lower in pre-market trading after the chipmaker posted mixed third quarter earnings and a muted near-term outlook while hyping the potential for its new AI chips heading into 2024. AMD said Read more…
The Federal Reserve is unlikely to provide the kind of rate path clarity markets are looking for when it wraps-up its two day policy meeting later today in Washington, with a tight labor market still Read more…
UK PMI Manufacturing data was finalized at 44.8 in October, marking a modest improvement from September’s 44.3. However, the report by S&P Global underscores some concerning aspects: declining output, a drop in new orders, and Read more…
NZDUSD halts latest decline at a fresh 1-year bottom of 0.5772 Trades without a clear direction in the past week Momentum indicators remain tilted to the bearish side NZDUSD has begun another round of weakness following the Read more…
WTI oil is consolidating within a narrow range early Wednesday after almost 4% drop in past two days which cracked pivotal $81.00 support zone (100DMA (50% retracement of $67.02/$95.00 ascend. Fresh bears faced increased headwinds Read more…
U.S. equity futures moved lower Wednesday, while the dollar added to recent gains against its global peers and Treasury bond yields steadied, as investors braced for a key rate decision from the Federal Reserve later Read more…
USDJPY edges lower after Tuesday’s sizeable rally Heightened risk of intervention as USDJPY is comfortably above 150 Mixed momentum indicators complicate the outlook The lack of JPY-positive announcements at Tuesday’s BoJ meeting opened the door Read more…
Daily Pivots: (S1) 182.30; (P) 183.31; (R1) 185.29; More… GBP/JPY’s rise from 178.02 resumed by breaking 183.79. Intraday bias is back on the upside for retesting 186.75 high. Decisive break there will resume larger up Read more…