“Kasper Rorsted has strategically repositioned the company and fast-forwarded its digital transformation,” said supervisory board chairman Thomas Rabe. Adidas AG (ADDYY) shares edged lower Monday after the sports apparel group, and global Nike NKE rival, Read more…
Gold price started a major decline from well above the $1,780 level against the US Dollar. The price traded below the $1,760 support to move into a bearish zone. It settled below the $1,755 level Read more…
Bundesbank said in its monthly report that the Germany will be adversely affected by the unfavorable developments on the gas market in the summer quarter and beyond. Also, the likelihood of GDP falling in the coming Read more…
Bulls are consolidating at pivotal Fibo barrier at 137.26 (76.4% of 139.39/130.39 corrective leg) following last week’s 2.6% advance (the biggest weekly advance since the last week of May). Dollar remains firm in risk aversion Read more…
Cable remains firmly in red for the fourth straight day and hits five-week low on probe through 1.18 handle in European trading on Monday. Bears look for retest of 2022 low at 1.1760, break of Read more…
Stock markets are off to a bad start on Monday as investors question whether the recovery trade has gone too far. Last week brought an end to the late summer winning streak that saw stock Read more…
Bed, Bath & Beyond’s meme-stock supporters face a still challenge this week in the wake of activist investor Ryan Cohen’s $60 million exit. Bed, Bath & Beyond (BBBY) – Get Bed Bath & Beyond Inc. Read more…
AMC shareholders will begin trading their APE preferred dividends Monday amid the ongoing slump in meme-stock valuations. AMC Entertainment (AMC) – Get AMC Entertainment Holdings Inc. Class A Report shares plunged lower Monday after the movie Read more…
Stock futures slide on growth, inflation worries; week ahead: Powell set for key Jackson hole address; Tesla shares slide as musk unveils FSD price hikes; AMC entertainment plummets as Cineworld confirms chapter 11 bankruptcy option Read more…
Gold’s decline from 1807.66 extends further today, on the back on broad based strength in Dollar. The downside accelerations argue that rebound from 1680.83 has completed at 1806.66 already. Deeper fall is likely through 1700 Read more…