BTCUSD is struggling to maintain positive momentum on Wednesday as the week-long rally appears to have stumbled after getting caught between the 50-day moving average (MA) and the 161.8% Fibonacci extension of the January-March upleg Read more…
Consumer price inflation increased to 8.1% year-on-year (y/y) in June, up from 7.7% in May. Gas prices were a main driver, with prices rising 6.2% month-on-month (m/m). Statistics Canada noted that “gas prices largely followed Read more…
Canada CPI accelerated from 7.7% yoy to 8.1% yoy in June, missing expectation of 8.8% yoy. Excluding gasoline, CPI accelerated from 6.3% yoy to 6.5% yoy. That’s still the highest level since January 1983. Statistics Read more…
The CEO of Tesla is resentful and never misses an opportunity to attack the Detroit giant. Elon Musk rarely talks about Tesla’s (TSLA) – Get Tesla Inc. Report rivals. The CEO’s stance comes down to: He Read more…
Wall Street clipped pre-market gains amid worries over European gas supplies Wednesday, with many now focused on Tesla’s second quarter earnings after the close of trading. U.S. equity futures nudged lower Wednesday, while the dollar Read more…
Gold is mostly missing the latest party of financial markets, where risk appetite has increased. The value of the troy ounce has changed little since last Friday, mostly hovering in a narrow range of $1702-1716, Read more…
The USDJPY is gaining traction on Wednesday as Tuesday’s hammer candle, left after rising daily Tenkan-sen (137.36) contained dips, signaling that pullback from new 24-year high (139.39) might be over. Fresh bullish momentum on daily Read more…
Ramping up production in Texas and Berlin, in the face of rising costs and supply chain disruptions, could pressure Tesla profit margins heading into the second half of the year. Tesla (TSLA) – Get Tesla Read more…
The CEO of Tesla is one of the most influential personalities in the world with nearly 102 million followers on Twitter. Elon Musk, Tesla’s (TSLA) – Get Tesla Inc. Report chief executive officer, is the most Read more…
“We’re talking about losing 1 million instead of losing 2 million,” said CEO Reed Hastings of the smaller-than-expected subscriber exodus. “So our excitement is tempered by the less bad results.” Netflix (NFLX) – Get Netflix Read more…