Spirit rejected JetBlue’s improved offer, which included a $200 million breakup fee, and is now on track to merge with Frontier. There’s a reason for an engagement period before a wedding. The engagement gives both Read more…
The price of crude is down more than 3% by the start of the New York trading session with a tug-of-war around $100 a barrel of WTI. And this is a rather remarkable market reaction, Read more…
The March ISM manufacturing index registered 55.4, missing expectations of a 57.6 print. The index fell 1.7 percentage points from the March reading of 57.1. New orders fell by 0.3 percentage points to 53.5, while Read more…
EUR/USD suffered a dismal week, plunging 2.33%. The euro broke below the 1.05 line on Thursday but has managed to recover. The ECB doesn’t meet until June, but policy makers will be closely monitoring eurozone Read more…
WTI oil price fell near $100 support on Monday, extending weakness after Friday’s rally stalled, ending trading in bearish candle with long upper shadow and closing below the upper boundary line of the triangle, formed Read more…
It was a dismal week for the Japanese yen, as USD/JPY climbed for an eighth successive week. In the European session, USD/JPY is trading quietly at the symbolic 130 level. Fed expected to hike by Read more…
Square Enix is the next company to hop on the blockchain craze. The last few years have seemingly been a race in the video game industry to see how many smaller companies can be bought Read more…
Ark did more selling than buying on April 29, including sale of a South African financial services company’s stock. Renowned investor Cathie Wood, chief executive of Ark Investment Management, did more selling than buying on Read more…
Like the entire automotive sector, Tesla faces a shortage of chips and a surge in raw-materials prices. Electric-vehicle leader Tesla (TSLA) – Get Tesla Inc Report and Chief Executive Elon Musk are in a comfortable position, Read more…
Markets An awful close on WS Friday and a new batch of negative data on China economic growth (composite PMI and non-manufacturing PMI both tumbling further into contraction territory to 42,7 and 41.9 respectively) were Read more…