Dollar’s strong post-FOMC rally is given another boost in early US session by much better than expected Q4 GDP data. Latest jobless claims figures also suggest stabilization from the impact of Omicron. But for now, Read more…
Home-improvement giant Lowe’s is teaming with Petco to open shops inside stores in a bid to lure in homebodies and their pandemic furry friends. Lowe’s (LOW) – Get Lowe’s Companies, Inc. Report is going to the Read more…
US initial jobless claims dropped -30k to 260k in the week ending January 22, matched expectations. Four-week moving average of initial claims rose 15k to 247k. Continuing claims rose 51k to 1675k in the week Read more…
US durable goods orders dropped -0.9% mom, or USD -2.4B to USD 267.6B in December, worse than expectation of -0.5%. Ex-transport orders rose 0.4% mom, above expectation of 0.5% mom. Ex-defense orders rose 0.1%. Transportation Read more…
US GDP grew at 6.9% annualized rate in Q4, faster than Q3’s 2.3%, well above expectation of 5.6%. The increase in real GDP primarily reflected increases in private inventory investment, exports, personal consumption expenditures (PCE), Read more…
China’s competition authorities have finally given the nod to AMD’s $35 billion all-share takeover of data chip specialists Xilinx. Xilinx (XLNX) – Get Xilinx, Inc. Report shares surged higher Thursday regulators in China conditionally approved its Read more…
Wall Street futures are mixed Thursday as markets digest a surprisingly hawkish Fed statement while bracing for key December quarter earnings from Apple after the close of trading. Updated at 7:40 am EST U.S. equity Read more…
McDonalds posts weaker-than-expected fourth-quarter earnings as higher U.S. menu prices fails to offset higher costs for the world’s biggest restaurant chain. McDonalds Corp. (MCD) – Get McDonald’s Corporation Report posted weaker-than-expected fourth-quarter earnings Thursday as higher Read more…
EUR/USD finally breaks out to the downside and falls to the lowest level since June 2020. Near term outlook is staying bearish and next target is 61.8% projection of 1.1908 to 1.1185 from 1.1482 at Read more…
Comcast posts fourth-quarter earnings that beat forecasts as growth at its theme parks and studio businesses offsets a lull in new broadband internet customers. Comcast on Thursday reported fourth-quarter earnings and revenue that beat analysts’ forecasts Read more…