Day: October 14, 2022
No decisions have been made yet on a dollar level for a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen told reporters on Friday. Speaking at a news conference as part of this year’s meetings of the IMF and the World Bank, Yellen said a price cap “will help stabilize global energy prices,” […]
Shares of Amazon.com Inc. AMZN, -4.60% slumped 3.8% toward a 3 1/2-month low in afternoon trading Friday, after BofA Securities analyst Justin Post said he believes sales from the ecommerce giant’s recent Prime Early Access event were less than the Prime Day event in July. The stock extended the 0.3% decline on Thursday, which came […]
Gold futures declined on Friday, settling 3.5% lower for the week and at their lowest price month to date. “Wall Street is nowhere near feeling confident they have a handle on how high the [Federal Reserve] will take rates and that is bad news for bullion,” said Edward Moya, senior market analyst at OANDA. “Gold’s […]
Treasury Secretary Janet Yellen on Friday said lowering inflation is President Joe Biden’s “top economic priority,” but pointed to more effort ahead to wrestle price increases down. After referencing September inflation figures, Yellen said the Biden administration is “continuing to take a broad range of actions to boost energy supply, address housing constraints, and provide […]
• Aluminum reversed from resistance level 2368.70 • Likely to fall to support at 2300.00 Aluminum recently reversed down from the key resistance level 2368.70 (which has been reversing the pair from the middle of August). The resistance area near the resistance level 2368.70 was strengthened by the upper daily Bollinger Band and by the […]
Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14. According to […]
Oil futures on Friday ended lower for the session, contributing to a weekly loss of nearly 8% for U.S. benchmark crude prices. “With many analysts and economists now forecasting a recession as their base case outlook for 2023, demand estimates for everything from energy products to industrial metals are taking a hit,” said Tyler Richey, […]
Gilt yields have climbed on Friday, as the Bank of England winds down its temporary bond purchase program, and U.K. Prime Minister Liz Truss only reversed corporate tax cuts. “The vast swings in markets following the announcement suggests that the retracement of £18bn from the unfunded tax burden through reinstating the rise in corporation tax […]
U.S. stocks opened higher Friday, as investors weighed data from the U.S. Census Bureau showing retail sales were flat last month as well as third-quarter earnings reports from Wall Street banks. The Dow Jones Industrial Average DJIA, -0.86% was up 0.5% soon after the opening bell, while the S&P 500 SPX, -1.67% gained 0.6% and […]
Morgan Stanley MS, -4.48% fell 2.6% in premarket trades Friday after the investment bank missed Wall Street’s targets for earnings and revenue amid a drop in deal activity. Morgan Stanley said its third-quarter net income fell to $2.49 billion, or $1.47 per share, from net income of $3.7 billion, or $1.98 per share in the […]
