The Australian dollar is keeping traction after Wednesday’s 1.7% advance (the biggest one-day rally since Nov 10) sparked by the news that China would resume coal imports from Australia. Strong rally on Wednesday came just Read more…
The Euro remains constructive, although moving within a narrow range on Thursday, following previous day’s 0.55% bounce. The action is still struggling to clearly break above daily Tenkan-sen (1.0616), which is needed to firm near-term Read more…
“The digital asset industry has undergone a transformational shift, with significant over-leverage in the industry leading to several high-profile bankruptcies,” Silvergate said. Silvergate Capital (SI) – Get Free Report shares plunged lower Thursday after it said Read more…
Adjusting prices for inflation can show how the value of money has eroded over time. Canva What Is Inflation-Adjusted Pricing? Inflation can erode the purchasing power of money, but adjusting prices for inflation can indicate Read more…
Walgreens booked a $6.5 billion charge to its first quarter earnings linked to its role in the U.S. opioid crisis. Walgreens (WBA) – Get Free Report posted better-than-expected first quarter earnings Thursday, while lifting its full-year Read more…
Johnson & Johnson’s consumer health care division, named Kenvue, will have annual sales of around $15 billion. Johnson & Johnson (JNJ) – Get Free Report shares edged lower Thursday after the group unveiled plans to list Read more…
“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” said CEO Andy Jassy. Amazon (AMZN) – Get Free Report shares powered higher Thursday after the CEO Andy Jassy confirmed Read more…
The Australian dollar has posted limited losses on Thursday. In the European session, AUD/USD is trading at 0.6822, down 0.17%. Australian dollar soars as China mulls coal imports The Australian dollar rocketed higher on Wednesday, Read more…
Cable remains in extended sideways mode and moving around 200DMA (1.2023), with psychological 1.20 support still offering solid support and holding the action for the third consecutive week. Technical studies are mixed on daily chart, Read more…
Stock futures flat as Fed minutes challenge rate bets; Jobs data in focus as Fed highlights wage growth; Johnson & Johnson plans IPO for consumer health care division; Amazon confirms 18,000 layoffs as big tech Read more…