SNB Chairman Thomas Jordan said,”inflation is far too high. It is negative not only for the functioning of the economy, it is very negative especially for lower income classes.” “The population doesn’t like inflation, so Read more…
“The holiday season was highly promotional, and sales were softer than pre-pandemic levels,” said CEO Erik Nordstrom. Nordstrom (JWN) – Get Free Report slumped lower Friday after the retailer slashed it full-year profit forecast following a Read more…
“These are important moments to sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities,” said CEO Sundar Pichai Google parent Alphabet (GOOGL) – Get Free Report unveiled plans Read more…
Silver continues to trade within the 23-25 well-observed range, contrary to gold’s fiery performance. This balance between buyers and sellers is reflected in the momentum indicators as both the Average Directional Movement Index (ADX) and RSI are Read more…
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2360, down 0.27%. Retail sales fall sharply UK retail sales were dismal in December. The headline figure fell -1.0% Read more…
“We are committed to working with the FDA to ensure the fastest possible path to bring this potential medicine to patients in need,” Eli Lilly said. Eli Lilly (LLY) – Get Free Report shares moved lower Read more…
Stock futures mixed with Fed talk, earnings in focus; Netflix surges as blowout subscriber gains offset earnings miss; Costco shares gain as bulk retail unveils $4 billion buyback plan; Nordstrom slumps after slashing profit forecast Read more…
GBPJPY rebounded off the long-term ascending trend line and near the three-month low of 155.30. The price is currently trying to surpass the 20-day simple moving average (SMA) and the technical oscillators are confirming an Read more…
USDCAD had been in an uptrend since March, posting a fresh 30-month high of 1.3976 before experiencing a downside correction. In the short-term, the pair attempted to edge higher after breaking above its sideways pattern, but Read more…
The Euro started a fresh increase from the 1.0770 zone against the US Dollar. The EUR/USD pair gained pace above the 1.0800 to move into a positive zone. The pair even traded above the 1.0820 Read more…