The euro is drifting at the start of the week, as EUR/USD trades slightly above the 1.04 level. The euro remains under pressure, as it continues to weaken against the US dollar. EUR/USD hasn’t mustered Read more…
US stock markets closed last Friday with a substantial and widespread gain. Do we see a dead cat bounce or the beginning of a recovery? So far, there are more reasons to suspect the former. Read more…
Bitcoin is down 9.4% over the past week, ending at around $31,000. Ethereum lost 16.1%, while other leading altcoins in the top 10 fell from 13.9% (Binance Coin) to 25.4% (Solana). The total capitalisation of Read more…
Another week of May brings a new decline in Oil. Brent is retreating and hanging around $109.50. A season of active car travel is starting in the US. In this light, demand for gasoline, which Read more…
“If I were running a big company, I would be very prepared for (recession). If I was a consumer, I’d be prepared for it,” said former Goldman Sachs CEO Lloyd Blankfein. U.S. equity futures edged Read more…
“Twitter legal just called to complain that I violated their (non-disclosure agreement),” Musk Tweeted Saturday. Updated at 7:39 am EST Twitter (TWTR) – Get Twitter, Inc. Report shares extended declines in pre-market trading after Tesla (TSLA) Read more…
“We have a commitment to our global community and must remain steadfast in our values,” said CEO Chris Kempczinski. McDonald’s Corp. (MCD) – Get McDonald’s Corporation Report said Monday that it will permanently exit the Russia Read more…
“JetBlue offers more value — a significant premium in cash — more certainty, and more benefits for all stakeholders,” the company said of its $3.2 billion takeover bid. Spirit Airlines (SAVE) – Get Spirit Airlines, Read more…
Gold is trading near its lower Bollinger band around 1,793 after the four-week decline from the 1,998 peak was curbed by the 1,780-1,788 support base, which was formed by the lows from the second half Read more…
In the Spring 2022 Economic Forecast, EU revised 2022 GDP growth forecast for Eurozone sharply lower, and inflation forecast sharply higher. Here are the new forecasts for Eurozone: 2022 GDP growth at 2.7% (down from Read more…