Day: September 28, 2022
Top White House economic adviser Brian Deese said Tuesday night that he doesn’t expect a deal like the Plaza Accord, which was a 1985 agreement among finance ministers to jointly guide the dollar DXY, -0.36% lower. “I don’t anticipate that that’s where we’re headed,” Deese said at an Economic Club of Washington, D.C., event, according […]
U.S stocks opened mixed Wednesday, as Treasury yields fell and investors weighed the Bank of England’s surprise announcement that it’s buying bonds to help restore orderly market conditions. The Dow Jones Industrial Average DJIA, +0.84% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.92% gained 0.1% and the Nasdaq Composite […]
Shares of VFC Corp. VFC, -1.87% fell 0.3% toward a nine-year low in premarket trading Wednesday, after the parent of Vans and The North Face apparel brands cut its full-year profit and sales outlook due to lower-than-expected fiscal second-quarter results. The company expects adjusted earnings per share for the quarter that ends September of 70 […]
EURUSD, “Euro vs US Dollar” EURUSD is testing the support area. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen at 0.9575 and then resume moving downwards to reach 0.9285. Another signal in favour of a further downtrend will be a […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support area, EURUSD may reverse in the form of a new ascending impulse. In this case, the upside correctional target may be at 0.9640. However, an alternative scenario implies that the price may […]
2022 has proven to be a regulatory disaster for Thailand’s largest crypto exchange as it has faced multiple enforcement actions and fines worth hundreds of thousands of dollars. 780 Total views 26 Total shares Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and […]
Orlando Bravo, a founder and managing partner of software-focused private equity firm Thoma Bravo LP, personally contributed $10 million to the Bravo Family Foundation to aid Hurricane Fiona relief efforts in Puerto Rico, he said in a prepared statement on Wednesday. The money will target communities most affected by the storm including Bravo’s home town […]
Shares of Paychex Inc. PAYX, +4.27% jumped 3.2% in premarket trading Wednesday, to bounce off the previous session’s 2 1/2-month closing low, after the human resources outsourcing services company reported fiscal first-quarter profit that beat expectations and raised the full-year outlook, citing “notable strength” in mid-market, retirement and HR solutions businesses. Net income for the […]
Shares of semiconductor companies and Apple Inc. AAPL, -3.81% suppliers were broadly lower in premarket trading Wednesday, after Bloomberg reported overnight that Apple is dropping plans to boost iPhone production because an expected surge in demand didn’t materialize. The VanEck Semiconductor ETF SMH, -0.29% slumped 1.9%, with all equity components that have traded premarket losing […]
Jefferies analyst Owen Bennett said Wednesday that Canopy Growth Corp.’s CGC, +1.40% WEED, +4.24% plan to divest 28 retail stores stands out as an example of the “wasted capital” by the cannabis company’s former management. Canopy Growth said after the closing bell on Tuesday that it’s selling its Tweed and Tokyo Smoke stores for an […]
