Day: September 17, 2022
U.S. oil futures gained just a penny on Friday after settling with a nearly 4% loss a day earlier. There’s a lot of uncertainty overseas both on the supply side and on the demand side, said Colin Cieszynski, chief market strategist at SIA Wealth management. For the U.S., however, the most significant fundamental factor is […]
Wix.com Ltd. WIX, -3.50% shares rose in the extended session Friday following a report that activist investor Starboard Value had built a 9% stake in the company, which was later confirmed. Shares rose 5% after hours, following a 3.5% decline to finish the regular session at $73.69. At first, shares rose following a Reuters report […]
The U.S. Federal Reserve is reviewing Goldman Sachs Group Inc.’s GS, -1.63% consumer-banking business, according to a report Friday by Bloomberg. Citing people familiar with the central bank, Bloomberg reported that the central bank has been questioning Goldman management for several weeks about the business. Goldman Sachs declined to comment, the report said. Goldman Sachs […]
Stocks fell Friday after FedEx Corp. FDX, -21.40% issued a profit warning that stirred fears of a global recession, but ended the day well off session lows. Major indexes booked large weekly losses as investors looked ahead to next week’s Federal Reserve decision, which is expected to see policy makers deliver another large rate increase […]
The technology-heavy Nasdaq Composite is heading for its biggest weekly loss since January as U.S. stocks remained down in the final hour of trading Friday. The Nasdaq COMP, -0.90% is on track to lose 5.7% this week, FactSet data show, at last check. That puts it on track for the largest percentage drop since the […]
American Healthcare REIT Inc. has filed for an initial public offering of common stock, but the terms of the IPO have not yet been determined. The California-based real estate investment trust focused on health care properties said it expects the stock to list on the New York Stock Exchange (NYSE) under the ticker symbol “AHR.” […]
Daily Market Outlook, September 16, 2022 Overnight Headlines Gold Steadies After Sinking To Two-Year Low As Rate Hike Looms Asian Markets Weaken As IMF, World Bank Flag Recession Risks Apple Overtakes Tesla As Traders Most-Shorted Stock In US Market FedEx Shares Plunge 15% After Profit Warning Linked To Economy China’s Retail Sales, Industrial Production Beat […]
Type: Bullish Rise Key Levels:Resistance: 148.125Pivot: 144.475Support: 141.150 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]
Credit Agricole Currency Wars 2.0 The commodity terms of trade supply shock that has rocked the global economy so far this year continues to reverberate across FX markets. The shock has fuelled inflation across the board and spurred up global central banks into action. The Fed’s efforts to contain the US inflation have further fuelled […]
The World Bank has warned of a possible global recession in 2023. In a press release on Sept. 15, the bank said that the current pace of rate hikes and policy decisions is unlikely to be enough to bring inflation down to pre-pandemic levels. Ray Dalio, the billionaire founder of Bridgewater Associates said in a blog […]
