Five things you need to know before the market opens on Monday September 25: 1. — Stocks test 2-month lows as global markets adapt to ‘higher for longer’ Fed rates Stocks are hovering near the lowest Read more…
HP Inc. (HPQ) – Get Free Report shares slumped lower in pre-market trading following a series of sales by billionaire investor Warren Buffett’s Berkshire Hathaway investment group late last week. Buffett, who began building his stake Read more…
Amazon (AMZN) – Get Free Report shares edged higher in early Monday trading after the cloud and retail giant unveiled plans to invest around $4 billion in AI start-up Anthropic. San Francisco-based Anthropic will receive an initial Read more…
House Speaker Kevin McCarthy faces an uphill battle to unite his Republican colleagues and pass a spending bill that will avert a federal government shutdown, and possibly save his own job, over the next five Read more…
Warner Bros. Discovery (WBD) – Get Free Report shares moved firmly higher Monday, leading solid gains for rival media stocks, after Hollywood writers reached a tentative agreement on pay and profit sharing that could end their Read more…
U.S. equity futures slipped lower Monday, following on from the worst week for Wall Street since March, as investors continue to retreat from risk markets amid a ‘higher for longer’ mantra on interest rates from Read more…
In today’s conference in Madrid, Pablo Hernandez de Cos, a member of the ECB Governing Council, emphasized the need for patience in the bank’s approach to interest rates. De Cos pointed out, “If we keep Read more…
Germany’s Ifo Business Climate Index for September recorded a slight dip, moving from 85.8 to 85.7, though it outperformed expectation of 85.2. Current Assessment Index recorded a fall from 89.0 to 88.7, still surpassing forecasted Read more…
EURUSD in a clear downtrend, posting a fresh 5-month bottom of 1.0614 The descending 50-day SMA is approaching 200-day SMA, setting the stage for a death cross Momentum indicators are heavily skewed to the bearish Read more…
The current major uptrend phase of GBP/JPY has almost reached a key inflection/resistance level of 187.30. The weekly RSI momentum indicator has flashed out bearish conditions that advocate a potential multi-week bearish mean reversion/counter-trend movement. Read more…