Day: October 21, 2022
The Teamsters union on Friday said it had ratified its first-ever nationwide contract at Costco Wholesale Corp. COST, +2.92% — a master agreement the union said offered better pay and other benefits to more than 18,000 workers across the U.S. The agreement provides “significant wage improvements over the next three years and a substantial increase […]
Bitcoin (BTC) entered an ascending channel in mid-September and has continued to trade sideways activity near $19,500. Due to the bullish nature of the technical formation and a drop in the sell pressure from troubled miners, analysts expect a price increase over the next couple of months. Bitcoin/USD price at FTX. Source: TradingView Independent analyst […]
President Joe Biden on Friday celebrated the prior day’s court rulings that favored his plan to forgive a big tranche of student loans, along with the number of people who have applied for relief. “They’ve been fighting us in the courts, but just yesterday, a state court and the Supreme Court said, ‘No, we’re on […]
U.S. stocks finished sharply higher on Friday, with the Dow Jones Industrial Average rising nearly 750 points as the major indexes capped off their biggest weekly advance since June, according to Dow Jones Market Data. The S&P 500 SPX, +2.37% finished 86.97 points, or 2.4%, higher at 3,752.75, logging a weekly gain of 4.8%. The […]
Toy company Mattel Inc. MAT, +2.96% agreed to pay $3.5 million to settle charges related to alleged misstatements in third and fourth-quarter 2017 financial statements, the Securities and Exchange Commission announced Friday. Mattel miscalculated a tax-related valuation allowance in both quarters and did not correct the error until November of 2019, according to the SEC. […]
The 10-year Treasury yield in the United States rose to its highest level since 2008. Although this type of rally is usually negative for risky assets, the U.S. stock markets recovered ground after the Wall Street Journal reported that some officials of the Federal Reserve were concerned about the pace of the rate hikes and […]
The two new COVID variants dubbed BQ.1 and BQ.1.1 continued to gain traction in the U.S. in the latest week, accounting for 16.6% of all cases, up from 11.4% a week ago, data from the Centers for Disease Control and Prevention showed Friday. The two variants are lineages of BA.5, the omicron subvariant that remains […]
The Jan. 6 Select Committee issued a subpoena Friday to former President Trump to testify under oath and produce documents relevant to the committee’s investigation of the 2021 attack on the U.S. Capitol. “We have assembled overwhelming evidence…that you personally orchestrated and oversaw a multi-part effort to overturn the 2020 presidential election,” Democratic Chairman Bennie […]
Gold futures finished higher on Friday, prompting prices to turn higher for the week. Gold was under pressure and lacking much interest with fresh capital, but “snapped back quickly and sharply” early Friday after speculation for a 75 basis point interest-rate increase in November by the Federal Reserve, followed by only 50 basis point rate […]
• USDJPY rising inside impulse wave (iii) • Likely to test resistance level 152.50 USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5). The pair earlier broke the resistance trendline of the daily up channel from March – which added to the bullish […]
