It’s looking more and more like the demand for electric vehicle trucks isn’t as high as automakers thought. That’s the main takeaway from General Motors Oct. 17 decision to pause production on its Chevrolet Silverado Read more…
Data since the last ECB meeting continue to point to a wounded Eurozone Investors see no more rate hikes and anticipate a series of cuts in 2024 How will Tuesday’s preliminary PMIs (08:00 GMT) affect Read more…
Markets Better than expected China Q3 growth data failed to inspire risk assets. US (real) yields nearing/touching cycle peak levels clearly dampened optimism. Geopolitical tensions also returned to the forefront as a meeting of US Read more…
Fast-food chains have their limitations. Wendy’s, McDonald’s, and Burger King all have only so much space in their kitchens which limits their ability to add new menu items. All three chains, for example, have never Read more…
With (TSLA) – Get Free Report Tesla’s third-quarter earnings coming after the bell Oct. 18, investors, in the midst of an ongoing price war and weakening quarterly delivery numbers, are feeling decidedly cautious. Morgan Stanley Read more…
Luxury electric vehicle competitor Lucid (LCID) – Get Free Report said Tuesday that it produced 1,550 vehicles for the third quarter of the year, making 1,457 deliveries during the same period. Wall Street expected 2,000 deliveries. Read more…
The public often learns a company has financial troubles when a favored store closes. That’s what happening with Rite Aid, which will close up to 500 stores as part of its Chapter 11 bankruptcy filing. Read more…
The tumultuous environment resulting from the Middle East tensions has prompted a noticeable upswing in Gold and Oil prices today, yet the forex markets remain relatively unaffected. Swiss Franc is currently leading the pack, its Read more…
Daily Pivots: (S1) 0.8985; (P) 0.9008; (R1) 0.9027; More…. Immediate focus is now on 38.2% retracement of 0.8551 to 0.9243 at 0.8979. Sustained break there will extend the fall from 0.9243 to 61.8% retracement at Read more…
Daily Pivots: (S1) 1.0541; (P) 1.0568; (R1) 1.0603; More… No change in EUR/USD’s outlook as consolidation from 1.0447 is extending. Intraday bias remains neutral. On the downside, firm break of 1.0447 will resume whole fall Read more…