Day: October 11, 2022
Stock markets slide toward yearly lows while Bitcoin price remains range-bound. Here’s why crypto analysts expect a sharp move from BTC soon. Source: Cointelegraph
Shares of El Pollo Loco Holdings. [s: loco] jumped 15% after hours Tuesday after the Mexican-restaurant chain said its board had declared a special dividend of $1.50 per share and authorized a new stock buyback program of up to $20 million, saying it was in a “good position” to move ahead with the investor payouts. Management for the […]
In a sign of the darkening outlook for the global economy and financial markets, the continuing debate over whether the next major crisis is on the way is shifting into a conversation about just what type of crisis it will be. For Neil Shearing, group chief economist at London-based Capital Economics, the bigger threat is […]
U.S. stocks finished mostly lower on Wednesday with the S&P 500 logging its lowest end-of-date level since September, while the Nasdaq Composite logged its lowest such level since July. Only the Dow Jones Industrial Average managed to evade a loss for the day; the other two indexes recorded their fifth straight session in the red. […]
Bank of England Gov. Andrew Bailey late Tuesday said U.K. pension funds need to finish rebalancing positions by Friday when the central bank’s emergency bond-buying program is set to end, news reports said. U.S. stocks extended a decline after the remarks, while the British pound GBPUSD, +0.05% fell 0.7%. “We have announced that we will […]
7-Eleven Inc. SVNDY, -4.04% said Tuesday it’s introducing green apple Slurpee flavor for fall. It’s now available for a limited time at participating 7-Eleven, Speedway and Stripes stores. Shares of Seven & I Holdings, the parent of 7-Eleven, are down 15.4% in 2022, compared to a 32.6% drop by the Nasdaq COMP, -1.10%.
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area during the pullback, EURUSD may reverse in the form of a new correctional wave. In this case, the upside correctional target may be at 0.9735. However, an alternative scenario implies that […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a possible descending tendency. The Relative Strength Index is moving within the ”oversold area”. In this case, the pair is expected to test 4/8 (0.6347), break it, and then continue growing […]
BTC price performance declines in line with U.S. equities ahead of classic volatility engendered by CPI data. Source: Cointelegraph
General Electric Co. GE, -1.51% on Tuesday said it is filing a registration statement for the planned spin-off of its healthcare unit, part of the industrial giant’s effort to split into three separate public companies. Larry Culp, in a statement, said the move would give the segment, GE HealthCare, “greater focus and flexibility to serve […]
