Day: September 20, 2022
The FOMC meeting is due tomorrow and policymakers are expected to lift interest rate by 75 basis points. The odds of a larger rate hike of 100 bps are estimated at 20%. Hawkish US inflation report for August ruled out any possibility of easing the pace of tightening. The Market’s focus will also be on […]
Type: Bearish Drop Key Levels:Resistance: 8.340Pivot: 7.675Support: 7.365 Preferred Case:On the H4, price has bounced off the 127.2% extension levels forming a triple bottom. We have a bullish bias that the price may rise from the pivot at 7.675, which is in line with the 50% fibonacci retracement to 1st resistance at 8.340, where the […]
Beyond Meat Inc. BYND, -6.04% said late Tuesday it had suspended Chief Operating Officer Doug Ramsey, after he was arrested over the weekend. Jonathan Nelson, senior vice president of manufacturing operations, will oversee operations activities on an interim basis, the company said. Ramsey on Saturday was arrested and charged with “terroristic” threats and third-degree battery […]
In the run-up to Wednesday’s policy announcement by the Federal Reserve, SEI, an overseer of $1.3 trillion in assets, sees a likelihood that the central bank’s hiking cycle will end at a level that leaves interest rates twice as high as they are now. The Oaks, Pennsylvania-based firm sees a “reasonable base case” that the […]
U.S. stocks are paring their losses as the final hour of trading begins on Tuesday, although the Dow Jones Industrial Average remained down more than 400 points on the day. The blue-chip gauge DJIA, -1.01% was off 413 points, or 1.3%, at 30,615, leaving it within 1,000 points of its 52-week low from mid-June. The […]
Oil futures declined on Tuesday, with U.S. benchmark prices settling at their lowest in almost two weeks. “A strong U.S. dollar, rising yields and concerns over demand as the global economy slows is weighing on crude oil prices again,” said Michael Hewson, chief market analyst at CMC Markets UK. Markets are gearing up for “multiple […]
A hacker took over CoinDCX’s official Twitter account and has constantly been tweeting XRP scam links. 1840 Total views 19 Total shares The official Twitter account of India-based crypto exchange CoinDCX has been hacked and used by the exploiters to post fake Ripple (XRP) promos partnered with phishing links in an attempt to scam the […]
Stocks stumbled Tuesday, ending sharply lower and erasing the previous session’s gains as investors awaited a Federal Reserve rate decision that’s expected to deliver another jumbo increase. The Dow Jones Industrial Average DJIA, -1.01% fell around 313 points, or 1%, to end near 30,707, according to preliminary figures. The S&P 500 SPX, -1.13% dropped 1.1% […]
Shares of Charter Communications Inc. CHTR, -2.37% dropped 2.1% in afternoon trading Tuesday toward a 3 1/2-year low, buy pared earlier losses of as much as 2.7%, after a Texas judge reduced what the cable company must pay in damages to a murder victim’s family to $1.15 billion, according to a report in The Wall […]
Shares of Weyerhaeuser Co. WY, -5.85% took 6.4% dive in afternoon trading, toward a 21-month low, after BofA Securities analyst George Staphos downgraded the paper and forest products company, citing a lower outlook for operating rates and pricing for wood products and a “looming recession.” Staphos cut his rating to neutral from overweight, and lowered […]
