Day: August 24, 2022
Shares of Autodesk Inc. ADSK, +0.37% rose more than 7% in the extended session Wednesday after the software company reported quarterly earnings above Wall Street expectations and kept its 2022 guidance intact, saying demand is “robust.” Autodesk said it earned $186 million, or 85 cents a share, in the fiscal 2023 second quarter, compared with […]
Shares of SoFi Technologies Inc. SOFI, +4.54% were up more than 3% in Wednesday afternoon trading after President Joe Biden officially announced his intent to cancel $10,000 of student loans for borrowers making under $125,000 a year and to extend a moratorium on student-loan payments through the end of 2022. Mizuho analyst Dan Dolev called […]
U.S. oil futures climbed Wednesday, settling at a more than three-week high as traders reviewed reports of developments tied to the European Union’s draft Iran nuclear agreement. Oil prices fell when Bloomberg reported that Iran was assessing the U.S. response to the draft deal, then moved up when Iran International, citing reports from Al-Arabiya, tweeted […]
Gold futures ended with a modest gain, up a second straight session Wednesday. “Gold’s slide might not be over, but no one wants to aggressively be short right now,” said Edward Moya, senior market analyst at OANDA. “Gold is forming its pre-Jackson Hole range and it looks like it could be the $1,740 to $1,780 […]
First lady Jill Biden has tested positive for COVID-19 in a “rebound” case, her deputy communications director said Wednesday. “After testing negative on Tuesday, just now, the First Lady has tested positive for COVID-19 by antigen testing. This represents a ‘rebound’ positivity,” said Biden’s deputy communications director Kelsey Donohue in a statement. Biden, who left […]
The benchmark 10-year Treasury yield TMUBMUSD10Y, 3.104% climbed on Wednesday to as high as 3.12%, the highest level since July 28, as medium-term inflation expectations continue to rise. The rise in those expectations was spilling over into nominal Treasury yields, according to Steve Englander of Standard Chartered Bank, with rates across the curve all moving […]
BBBY Shares Reverse Following an incredibly near-400% rally over the first two week of August, shares in struggling retailer Bed Bath & Beyond are almost back to where they started the month. The stock soared higher earlier this month as a result of a sudden return of the WallStreetBets trader community on Reddit. These retailer […]
Type: Bearish Drop Key Levels:Resistance: 1952.5Pivot: 1920.4Support: 1841.8 Preferred Case:On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from the pivot at 1920.4 where the pullback resistance is to the 1st support at 1841.8 where the pullback support, 50% fibonacci retracement and 161.8% fibonacci extension […]
Advance Auto Parts Inc. AAP, -9.53% stock is on track for its lowest close since July 1, when it closed at $173.64, and its largest one-day percentage drop since March 20, 2020, when it fell 12.73%. The auto-parts retailer late Tuesday reported mixed second-quarter results and lowered its outlook for the year, saying some of […]
President Joe Biden plans to give a speech at the White House at 2: 15 p.m. Eastern Wednesday, the White House press office said in a statement. The speech is coming as his administration looks poised to make an announcement on canceling student-loan debt and extending a pause on loan repayments.
