Day: October 4, 2022

Oct 04
Tesla stock pulls way back after report CEO Elon Musk willing to buy Twitter at original bid price

Shares of Tesla Inc. TSLA, +2.90% edged 0.7% higher in afternoon trading Tuesday, to pull way back from an earlier gain of as much as 6.2%, after reports that the electric vehicle maker’s chief executive, Elon Musk, is willing to buy Twitter Inc. TWTR, +22.24% at the original bid price. Tesla’s stock has been hurt […]

Oct 04
The Aussie got under pressure. Overview for 04.10.2022

The Australian Dollar is retreating against the USD again. The current quote for the instrument is 0.6469. The Reserve Bank of Australia had a meeting today and decided to raise the benchmark interest rate by 25 basis points, from 2.35% to 2.60%. Market players were quite surprised: the RBA introduced a 50-point rate after each […]

Oct 04
The Yen is weakening at intervals. Overview for 04.10.2022

The Japanese Yen is slowly weakening against the USD. The current quote for the instrument is 144.77. Local interventions from the Bank of Japan calmed the Yen down and helped it reach balance for some time, but the effect didn’t last long, just as expected. The market is back to its previous movements – the […]

Oct 04
McDonald’s starts to accept Bitcoin and Tether in Swiss town

The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano. 9099 Total views 1485 Total shares Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in the Italian-speaking region of Switzerland, which is becoming […]

Oct 04
Dow ends 826 points higher Tuesday, stocks post big back-to-back gains

U.S. stocks finished sharply higher on Tuesday, with the Dow rising about 826 points and posting its longest streak of back-to-back gains of more than 2% since May 2020, according to Dow Jones Market Data. The blue-chip index surge about 2.8% to end near 30,316, while the S&P 500 index SPX, +3.06% rose 3.1% and […]

Oct 04
U.S. oil futures settle at a nearly 3-week high on bets for a significant OPEC+ output cut

Oil futures rose Tuesday, with U.S. prices marking their highest settlement since mid-September. Reports said the Organization of the Petroleum Exporting Countries and their allies will consider a production cut of 2 million barrels per day at their meeting Wednesday, higher than previous expectations for a 1 million-barrel reduction. November WTI crude CLX22, +2.92% rose […]

Oct 04
Cruise stocks lead S&P 500 in gains, as Carnival sees biggest gain in 23 months

Shares of Carnival Corp. CCL, +13.15% soared 13.7% in afternoon trading, to bounce off the previous session’s 30-year closing low, and enough to be the S&P 500’s SPX, +2.76% third-biggest gainer. The two bigger gainers were fellow cruise operators, as shares of Royal Caribbean Group RCL, +16.41% ran up 15.4% and Norwegian Cruise Line Holdings […]

Oct 04
DeSantis to brief Biden in Florida about hurricane recovery on Wednesday, White House says

Florida Gov. Ron DeSantis, a likely Republican presidential contender, will brief President Joe Biden on hurricane recovery efforts when Biden visits the state on Wednesday, the White House said. DeSantis, a sharp critic of the Biden administration, will give the president “an operational briefing on the current response and recovery efforts,” White House press secretary […]

Oct 04
DXC Technology confirms preliminary talks about a potential acquisition

DXC Technology Co. DXC, +5.53% confirmed Tuesday that it has been approached by a “financial sponsor” about a potential acquisition. The technology consulting and outsourcing services company, with a market capitalization of $6.54 billion, did not provide any details about the potential buyer or the potential value of the deal. “Consistent with its fiduciary responsibility […]

Oct 04
Gold futures end at a 3-week high; silver prices at highest since June

Gold futures ended Tuesday at a roughly three-week high, while silver saw prices settled at their highest since late June. If U.S. Treasury yields have “peaked near term along with the dollar, gold and silver can both extend gains and claw back some of the recent losses,” analysts at Sevens Report Research wrote in Tuesday’s […]