A surprise overnight mortgage rate cut in China has global stocks on the rise Friday, but U.S. markets remain focused on the Fed’s inflation fight. U.S. equity futures moved firmly higher Friday, although are still Read more…
“Whether it’s supply chain, geopolitical conflict, or rising interest rates and inflation, this environment is creating challenges for our customers and testing our execution,” said CEO Nikesh Arora. Palo Alto Networks (PANW) – Get Palo Read more…
“Deere’s second-quarter performance reflected a continuation of strong demand even as we face supply-chain pressures affecting production levels and delivery schedules,” said CEO John May. Deere & Co. (DE) – Get Deere & Company Report posted Read more…
Option expiry today could see a pop higher in the S&P 500 into the weekend as dealers unwind their delta hedges, however, could this be used as an opportunity for rallies to be sold as Read more…
“Demand for semiconductors has never been stronger or broader while the industry’s ability to fulfill this growing demand remains constrained by ongoing supply chain issues,” said CEO Gary Dickerson. Applied Materials (AMAT) – Get Applied Read more…
The dollar in the foreign exchange market is correcting some of the gains of the past three months. The dollar index has retreated below 103 after touching 105 a week ago. The retreat of the Read more…
Stock futures bounce on China rate cut, bargain hunting; Tesla shares gain as Musk vows ’24/7 focus’ amid lurid headlines; Applied Materials shares slide as chip sector disruptions clip Q2 earnings; Ross Stores shares tank Read more…
The Euro started a fresh increase from the 1.0420 support zone against the US Dollar. The EUR/USD pair surpassed the 1.0500 level to move into a positive zone. The price even traded above the 1.0550 Read more…
ECB Governing Council member Ignazio Visco said in a BloombergTV interview, “we can move gradually, raising interest rates in the coming months.” June is too early as the central bank will be ending net asset Read more…
The British pound is drifting on Friday, after showing unusually strong volatility this week. The pound rebounded on Thursday, racking up gains of 1.06% and briefly breaking above the symbolic 1.25 line. UK retail sales Read more…