Day: October 13, 2022
Gold futures ended Thursday with a modest loss after U.S. data showed a stronger than expected September inflation reading. “Recent gold price movements remain highly correlated to inflation expectations, not current inflation levels,” and Thursday’s consumer price index print increases the odds for continued Federal Reserve tightening, said Tom Hainlin, global investment strategist at U.S. […]
The Energy Information Administration on Thursday reported that U.S. crude inventories rose by 9.9 million barrels for the week ended Oct. 7. On average, analysts forecasted a climb of 2.2 million barrels, according to a poll conducted by S&P Global Commodity Insights. The increase came on the heels of a weekly crude stock decline of […]
Shares of Laser Photonics Corp. LASE, +39.42% blasted off again on heavy volume Thursday, after the laser-cleaning company said Coca-Cola Co. KO, +1.31% implemented its first CleanTech Handheld Laser Blasting system in beverage giant’s manufacturing facilities. Coca-Cola will be using the laser-cleaning system to remove corrosion from its plastic bottle molds. “With our foot in […]
• GBPAUD reversed from resistance zone • Likely to fall to support level 1.7400 GBPAUD currency pair recently reversed down from the resistance zone lying between the strong resistance level 1.7650 (which has been reversing the pair from July) and the upper daily Bollinger Band. The downward reversal from this resistance zone is aligned with […]
Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused […]
The House select committee investigating the Jan. 6, 2021, attack on the U.S. Capitol plans to vote Thursday to subpoena former President Donald Trump, according to multiple reports. The panel is holding what’s likely to be its final public hearing on Thursday, presenting evidence in an effort to show that Trump had a plan to […]
Prime Medicine Inc. PRME, has set terms for its initial public offering, in which the Massachusetts-based biotechnology company, which utilizes gene-editing technology to develop therapies for a wide spectrum of diseases, looks to raise up $160.2 million. The company said it is offering 8.9 million shares in the IPO, which is expected to priced between […]
Stocks rose sharply in volatile trade late Thursday morning, erasing a steep plunge seen after a rise in the core reading of the consumer price index sparked an across-the-board tumble. The Dow Jones Industrial Average DJIA, +2.76% was up 466 points, or 1.6%, after a drop of nearly 550 points, or 1.8%, in early activity. […]
New York Attorney General Letitia James on Thursday said she is seeking several measures to stop former President Donald Trump and the Trump Organization’s from “continuing financial fraud” — including prohibiting the business from transferring assets to another entity without court approval. James in September filed a civil fraud lawsuit against Trump, some of his […]
While the Dow Jones Industrial Average DJIA, +2.76% has bounced into positive territory, market internals suggest the broader stock market is still falling. The number of declining stocks outnumbered advancers 1,800 to 1,136 on the New York Stock Exchange (NYSE) and 2,342 to 1,438 on the Nasdaq. And volume in declining stocks represented 51.2% of […]
