Day: September 21, 2022
Faraday Future Intelligent Electric Inc. FFIE, -5.06% said Wednesday its planned flagship electric SUV, the FF 91, got a rating of 381 miles of range from the EPA. The rating is a “significant increase” from the company’s previous estimates, Faraday said. Completing the certification was “a huge step in getting this car in the hands […]
Oil futures declined on Wednesday, with U.S. benchmark prices settling down by more than 1%. The Federal Reserve said Wednesday that it would raise its benchmark federal-funds rate by 0.75 percentage point, and said rates are going to move sharply higher before the end of the year. “Higher rates are restrictive in nature, and likely […]
Gold futures settled higher on Wednesday, then moved lower in electronic trading following the Federal Reserve’s decision to raise the fed funds rate by 75 basis points to the 3% to 3.25% range. The central bank also penciled in another 125 basis points in rate hikes by year-end. The U.S. dollar strengthened and Treasury yields […]
U.S. stocks gave up gains to turn lower Wednesday afternoon after the Federal Reserve, as expected, raised its fed funds rate by 75 basis points, while also signaling that rates would remain higher for longer as the central bank attempts to get a grip on persistent inflation. The Fed’s so-called dot plot showed an expectation […]
• USDJPY rising inside impulse waves (v) and 3• Likely to test resistance level 148.00 USDJPY currency pair continues to rise in the direction of the resistance level 145.00 (top boundary of the narrow sideways price range inside which the pair has been moving from the start fop September). The lower boundary of this price […]
• AUDUSD broke key support level 0.6700 • Likely to fall to support level 0.6600 AUDUSD currency pair recently broke the key support level 0.6700 (previous monthly low from July, which also reversed the pair earlier this month). The breakout of the support level 0.6700 continues the (c)-wave of the intermediate B-wave from the start […]
Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address. 2695 Total views 12 Total shares As simplified wallet addresses become more popular within the blockchain space, crypto exchange Coinbase integrated with Ethereum Name Service (ENS) to give their customers usernames […]
The policy-sensitive 2-year Treasury rate edged above 4% ahead of the Federal Reserve’s policy update at 2 p.m. Eastern time, and is poised to end the New York session at another 15-year high. The last time the U.S. 2-year Treasury yield TMUBMUSD02Y, 3.980% closed at 4% or higher was on Oct. 16, 2007. Meanwhile, the […]
After more than a year in which most professional forecasters and financial-market players regularly misjudged the persistency of inflation, they may now be missing out on one key fact. History shows that inflation takes an average of 10 years to return to 2% once it breaks above 5%, according to Thanos Vamvakidis, a strategist for BofA […]
The time is “ripe” for Norwegian battery maker Freyr Battery FREY, +17.26%, Morgan Stanley analysts led by Adam Jonas said in a note Wednesday, increasing their price target on the stock to $26 and setting a “bull case” to $60, which would represent an upside of nearly 300% over Tuesday’s share price. “The environment is […]
