Iron ore prices have remained volatile since hitting a record high in May 2021. With uncertainties persisting on both the supply and demand side, price fluctuations look set to continue. Iron ore prices have remained Read more…
CEO Barry McCarthy said the move to exit in-house manufacturing will simplify its supply chain while allowing Peloton to focus on content and technology. Peloton Interactive (PTON) – Get Peloton Interactive Inc. Report shares moved lower Read more…
CEO Sonia Syngal will step down as CEO and the struggling casual apparel retailer said current quarter sales would continue to decline. Gap Inc. (GPS) – Get Gap Inc. (The) Report shares slumped lower Tuesday after Read more…
“We are pleased with our results despite ongoing macroeconomic and geopolitical volatility and higher levels of inflation across our markets,” said CEO Ramon Laguarta. PepsiCo (PEP) – Get PepsiCo Inc. Report posted better-than-expected second quarter earnings Read more…
Cable hit new lowest since March 2020, in extension of Monday’s 1% drop, with close well below 1.20 handle and former lows at 1.1958/30 (Sep 2019 / Oct 2016 lows respectively) and fresh extension lower Read more…
Stock futures slump with earnings, inflation in focus; Euro hits parity against the greenback for first time in 20 years; Twitter fires back at Elon Musk, demands $44 billion merger completion; Gap shares tumble on Read more…
Germany ZEW Economic Sentiment dropped from -28 to -53.8 in July, well below expectation of -38.0. Current Situation Index dropped from -27.6 to -45.8, below expectation of -33.5. Both readings were even worse than the Read more…
BoE Deputy Governor Jon Cunliffe talked about the lessons learned from recent “instability and losses in crypto markets”, also called the “crypto winter”. He said, “a widespread collapse of crypto-asset valuations has cascaded through the Read more…
Bitcoin was down 2.5% on Monday and, continuing its decline on Tuesday morning, was back at $20,000. Ethereum has lost 5.2% in the past 24 hours to $1090. Altcoins in the top 10 fell from Read more…
GBPUSD could not close successfully above the 1.1988 – 1.2000 bar (2016 – 2019 base) last week, with the price erasing its latest bullish attempt to chart a new two-year low at 1.1844 early on Read more…