Consumers’ desire to escape spiraling gas prices switching to electric vehicles are running into some serious headwinds. This isn’t going according to plan. The average gallon of gas in the U.S. hit a high of Read more…
U.S. stocks are on pace for their strongest weekly gain in two months as investors bet on a pause in the Fed’s rate hike strategy later this year. U.S. equity futures extended gains Friday, putting Read more…
“We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation,” said CEO Bruce Thorn. Big Lots (BIG) – Get Big Lots, Inc. Report shares plunged lower Read more…
The S&P 500 looks like it won’t be in the red for 8 weeks in a row. However, is this a short squeeze and month end flows or a genuine reversal in trend? Read below Read more…
“Supply chain challenges and persistent delays significantly limited the brand’s responsive abilities” to changing consumer trends, CEO Sonia Syngal told investors Thursday. Gap Inc (GPS) – Get Gap, Inc. Report shares tumbled Friday after the casual Read more…
USDCAD is extending its retreat from the recorded 17½-month high of 1.3076, heading lower towards the converged simple moving averages (SMAs), which are not now endorsing any sturdy price trend. The pair has retracted within Read more…
WTI oil is consolidating near new two-week high after Thursday’s 3.3% advance and maintaining firm tone, amid concerns about global supply. Talks about EU ban on Russian oil, although so far without consensus as Hungary Read more…
American stocks rose sharply after relatively strong corporate earnings from companies like Macy’s and Dollar General. Macy’s shares jumped by over 16% after the firm’s net sales rose to $5.35 billion in the first quarter. Read more…
Stock futures higher as Fed ‘pause’ hint boosts sentiment; Costco slips after Q1 earnings beat as margins narrow; Gap tumbles after wider Q1 loss, grim full-year outlook; Dell surges as Q1 earning impress after VMware Read more…
The Euro started a fresh increase from the 1.0650 support zone against the US Dollar. The EUR/USD pair surpassed the 1.0700 level to move into a positive zone. The price even traded above the 1.0720 Read more…