Day: October 7, 2022
Oil futures climbed for a fifth session in a row on Friday, with prices for the front-month U.S. contract ending 16.5% higher for the week. “For several weeks, fears about a weakening global economy had been weighing on oil prices,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “This week, however, sentiment changed […]
No new intelligence led to President Joe Biden saying on Thursday that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis, a White House spokeswoman said Friday. Briefing reporters aboard Air Force One, White House spokeswoman Karine Jean-Pierre said there is no information that Russia is preparing to […]
New York City’s subways are back up and running after they were suspended earlier Friday over an incident in which someone sprayed an unknown substance that made people sick, CBS News reported. The incident happened shortly after 10 a.m. and led to the suspension of trains in Midtown and Lower Manhattan. Police said the substance […]
Simone Binotto Torre explained that some parameters like geography can make it difficult for crypto cards to have broader adoption. Source: Cointelegraph
Package-delivery giant FedEx Corp.’s FDX, -1.50% large ground-shipping business intends to cut its holiday-period volume outlook amid waning demand, according to a report from Reuters. The change to the forecast reflects “the latest information from customers about how they anticipate current conditions are likely to decrease their volumes this holiday season,” Paul Melander, a FedEx […]
The Biden administration on Friday announced what it described as “new steps” in its “housing supply action plan” that was outlined in May. The steps include “finalizing regulations that make it easier to build mixed-income housing, housing that includes very-low-income tenants, and housing in sparsely populated rural areas by reforming the income guidelines for the […]
Bank of America analysts on Friday told investors that Eli Lilly & Co. Inc.’s LLY, -0.49% diabetes treatment and possible weight-management drug could be a $100 billion medication. The drug, tirzepatide, received Food and Drug Administration approval as a treatment for Type 2 diabetes earlier this year. It has also shown in clinical trials that […]
U.S. stocks slumped at the open on Friday as investors digested another report showing the U.S. labor market is finally starting to deteriorate — and also a profit warning from a top microchip maker. The S&P 500 SPX, -2.04% slumped 43 points, or 1.2%, to 3,700. The Dow Jones Industrial Average DJIA, -1.51% fell 268 […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9800, EURUSD is consolidating there. Possibly, the pair may resume falling to break 0.9700 and then continue trading downwards with the target at 0.9500. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has broken 1.1200; right now, it is still falling towards 1.1000. After […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Shooting Star reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending wave. In this case, the downside target may be at 1690.00. At the same […]
