Day: August 29, 2022
At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points. This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]
Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]
Boeing Co. BA, -0.72% announced Monday an order from United Parcel Service Inc. UPS, -0.75% for eight more 767 Freighters. That would bring package delivery giant UPS’s fleet of 767 Freighters to 108. “This repeat order from UPS is a testament to the outstanding cargo capabilities of the 767 Freighter and further demonstrates Boeing’s market […]
Lululemon Athletica Inc. shares LULU, -1.51% fell 1.7% in premarket trade Monday, after Jefferies downgraded the stock to sell and said it expects the yoga gear maker to pull back aggressive long-term guidance in the coming quarters. Analysts led by Randal J. Konik said they expect the company’s second-quarter earnings to be released on Thursday […]
Hankook Tire America Corp. said Monday it OK’d a $1.6 billion investment to increase capacity at its plant in Clarksville, Tenn. The money will pay for its already-announced Phase 2 expansion plus a new Phase 3 investment for the company’s first truck, bus and radial tires. Including the estimated 400 jobs for Phase 3, the […]
Shares of GameStop Corp. GME, +1.87% slid 2.7% in premarket trading Monday, putting them on track to suffer the longest losing streak in nearly five years. The meme stock has already plunged 26.7% over the past eight trading sessions, which matched eight-day loss streak that ended Jan. 20, 2022. If the videogame retailer’s stock closes […]
Tesla Inc. TSLA, -2.05% Chief Executive Elon Musk said Monday he is aiming to get the EV maker’s self-driving technology ready by year-end, and said he hopes it could quickly be in wide release in the U.S. and even Europe depending on regulatory approval, Reuters reported. Musk made the comments at an energy conference in […]
Kyle Roche allegedly approached Ripple’s CEO to invest in a law firm that would target competitor firms with lawsuits like those Ripple was facing in the U.S. 2017 Total views 11 Total shares Ripple CEO Brad Garlinghouse took to Twitter to deny recent explosive claims made by Crypto Leaks, an online publication focusing on corruption […]
U.S. stocks opened lower on Monday as the selloff on Wall Street continued following Friday’s 1,000-point drop in the Dow Jones Industrial Average. The Dow Jones Industrial Average DJIA, -0.91% pulled back 255 points, or 0.8%, to 32,027. The S&P 500 SPX, -0.94% dropped 32 points, or 0.8%, to 4,026. The Nasdaq Composite COMP, -1.17% […]
Type: Bearish Drop Key Levels:Resistance: 32603Pivot: 31862Support: 30417 Preferred Case:On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop to pivot at 31862 where the pullback support, 100% fibonacci projection , 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price […]
