Latest Market News
An unexpectedly hot consumer-price index report for August has fed funds futures traders boosting the likelihood of a jumbo-size 100 basis point rate hike by the U.S. central bank to 34%, up from zero chance on Monday. Such a hike would take the fed funds rate target to between 3.25% and 3.5%, from a current […]
Stocks tumbled on Tuesday, with the Dow Jones Industrial Average trading down more than 1,000 points, after August inflation came in hotter than expected, underscoring the challenge the Federal Reserve faces in its fight to tame surging prices that have been slow to retreat from a 40-year high. The Dow Jones Industrial Average DJIA, -3.94% […]
New Jersey’s Department of Labor & Workforce Development said Tuesday that Uber Technologies Inc. UBER, -3.63% and a subsidiary submitted a $100 million payment to the agency’s Unemployment Trust Fund after an audit determined that the companies wrongfully classified nearly 300,000 drivers as independent contractors. In doing so, Uber and the Rasier LLC subsidiary “[deprived] […]
The U.S. dollar soared versus major rivals Tuesday after the August consumer price index came in hotter than expected, stoking expectations the Federal Reserve will continue aggressively tightening monetary policy in its effort to rein in price pressures. The ICE U.S. Dollar Index DXY, +1.44% a measure of the currency against a basket of six […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which means the prevalence of the downtrend. A test of 4/8 is expected, followed by a breakaway and falling to the support level of 5/8. The scenario can be cancelled by breaking through 5/8, which might lead to a trend […]
Paramount Global PARA, -7.15% is mulling ending its Showtime streaming service, and folding its content into its Paramount+ service, according to a report in The Wall Street Journal. Citing people familiar with the situation, the WSJ report said the discussions surrounding the move, which would help streamline Paramount’s offerings, are still early. The report of […]