Day: October 20, 2022

Oct 20
Palladium Wave Analysis – 20 October, 2022

• Palladium reversed from support level 2000.00 • Likely to rise to resistance level 2150.00 Palladium recently reversed up from the round support level 2000.00 (which is the lower border of the sideways price range inside which the price has been moving from August). The support level 2000.00 was father strengthened by the lower daily […]

Oct 20
‘Fragile’ Treasury market is at risk of ‘large scale forced selling’ or surprise that leads to breakdown, BofA says

The world’s deepest and most liquid fixed-income market is in big, big trouble. For months, traders, academics, and other analysts have fretted that the $23.7 trillion Treasurys market might be the source of the next financial crisis. Then last week, U.S. Treasury Secretary Janet Yellen acknowledged concerns about a potential breakdown in the trading of […]

Oct 20
Bitcoin faces tough daily resistance as BTC price matches UK pound volatility

Fiat currency moves increasingly give BTC a run for its money as the largest cryptocurrency stays almost motionless. 551 Total views 15 Total shares Bitcoin (BTC) showed no signs of a breakout on Oct. 20 as tantalizing sideways action dragged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Bitcoin range “congested and critical” Data […]

Oct 20
Philip Morris stock rallies after revenue fell but beat expectations, as heated tobacco shipments jumped

Shares of Philip Morris International Inc. PM, -1.28% rallied 1.8% in premarket trading Thursday, after the cigarette and heated tobacco units seller reported third-quarter profit that and revenue that fell from a year ago, as rising costs hurt margins, but beat expectations amid increased pricing and a favorable mix shift to smoke-free products. Operating income […]

Oct 20
Blackstone shares rise as company nears $1 trillion in AUM

Blackstone Inc. BX, -5.12% said Thursday its third-quarter net income fell sharply to $2.3 million, or zero cents a share, from $1.4 billion, or $1.94 a share in the year-ago quarter. Revenue at the private equity firm dropped to $1.06 billion from $6.22 billion. Fee-related earnings rose to 98 cents a share from 65 cents […]

Oct 20
Quest Diagnostics earnings fall but beat expectations, even as COVID-19 testing revenue drops 55%

Quest Diagnostics Inc. DGX, +5.29% reported Thursday third-quarter profit and revenue that fell from a year ago but beat expectations, as base business performance rebounding in the latter part of the quarter to help offset inflationary pressure and declining COVID-19 volumes. The health diagnostics information services company’s stock was still inactive in the premarket. Net […]

Oct 20
Alaska Air’s 3Q results boosted by ‘busiest travel season in two years’

Alaska Air Group Inc. ALK, -2.90% reported its third-quarter results before market open on Thursday, boosted by what the carrier’s CEO described as the busiest travel season in two years. The company’s shares rose 1.66% before market open, after ending Wednesday’s session down 1.16%. Alaska Air reported third-quarter revenue of $2.828 billion, compared with $1.953 […]

Oct 20
Google sued by Texas AG for handling of biometric data of millions

Texas Attorney General Ken Paxton on Thursday sued Alphabet Inc.’s GOOGL, +0.71% GOOG, +0.60% Google, claiming it collected biometric data for millions of Texans without obtaining proper consent. “For more than a decade, Texas has prohibited companies from capturing Texans’ biometric data – including the unique characteristics of an individual’s face and voice – without […]

Oct 20
The Euro has retreated after all. Overview for 20.10.2022

The main currency pair was slightly below previous levels by Thursday. The current quote in EURUSD is 0.9770. There was no particularly “minor” news on the ground. But investors were sensitive to the global “mood” and started to walk away from the risks. US statistics released the day before were mixed. The number of building […]

Oct 20
Kraken crypto exchange is next to close doors to Russian users

Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union. On Oct. 19, Kraken sent out email statements to its Russian clients to announce that the exchange is halting services to its Russian customers. “Due to the new European legislation, we have […]