America sold more hybrid cars compared to electric vehicles in 2021 even as car companies supercharge their future plans geared towards EVs. Hybrid car sales trumped its electric counterparts in 2021 even as legacy auto Read more…
Global bond yields hit fresh highs; stocks retreat The Fed’s new message, which sparked fears that inflation could be tough to contain, and hence could require faster-than-expected rate hikes during the year, continued to weigh Read more…
The collaboration will be based on mRNA technology and builds on Pfizer and BioNTech’s successful effort to produce a Covid vaccine. Pfizer (PFE) – Get Pfizer Inc. Report and BioNTech (BNTX) – Get BioNTech SE Report on Monday Read more…
Daily Pivots: (S1) 1.1312; (P) 1.1338; (R1) 1.1387; More… No change in EUR/USD’s outlook as range trading continues. On the upside, sustained trading above 55 day EMA (now at 1.1385) will bring stronger rise back Read more…
Daily Pivots: (S1) 1.3546; (P) 1.3572; (R1) 1.3617; More… With 1.3489 minor support intact, further rise is still expected in GBP/USD despite some loss of upside momentum. Corrective fall from 1.4248 could have completed with Read more…
Daily Pivots: (S1) 0.9167; (P) 0.9200; (R1) 0.9217; More…. USD/CHF’s rebound from 0.9101 resumed by breaking 0.9231 and intraday bias is back on the upside. The corrective fall from 0.9372 has completed with three waves Read more…
Tilray swung to fiscal-second-quarter net income of $6 million from a loss of nearly $90 million a year earlier. Tilray (TLRY) – Get Tilray, Inc. Report reported a surprise fiscal-second-quarter profit as the Canadian cannabis company Read more…
HSBC analyst Erwan Rambourg lowered his rating on Nike to ‘hold’ from ‘buy’, citing weakness in China sales for the world’s biggest sports apparel group. Nike (NKE) – Get NIKE, Inc. Class B Report shares moved Read more…
Record deliveries, improving margins and ramped-up production should make Tesla one of the best-performing stocks of 2022, according to Goldman analyst Mark Delaney. Tesla (TSLA) – Get Tesla Inc Report shares were tabbed as a ‘top Read more…
Daily Pivots: (S1) 115.39; (P) 115.71; (R1) 115.89; More… USD/JPY’s pull back from 116.34 extends lower today but outlook is unchanged. Downside of retreat should be contained well well above 114.26 resistance turned support to Read more…