Latest Market News
Oil futures settled lower on Tuesday, with Federal Reserve policy expectations “dominating the price action,” said Tyler Richey, co-editor of Sevens Report Research. The “hot” CPI print brought a 100-basis-point rate hike into play at the September meeting, he said. A more aggressive Fed in the months ahead, “will choke off growth and ultimately weigh […]
The Biden administration on Tuesday said it’s working with shippers, truckers and air-freight companies in the event of a freight-rail strike that could begin later this week. The White House is “working with other modes of transportation…to see how they can step in and keep goods moving” if rail workers strike at the end of […]
Amazon.com Inc. AMZN, -6.18% said Tuesday it will invest more than $450 million in two new benefits and rate increases, to offer competitive compensation for delivery service partners (DSPs) and drivers. The benefits include a new academic program called Next Mile that provides up to $5,250 a year to DSP drivers for access to more […]
Twitter Inc. TWTR, +1.01% shareholders voted Tuesday to approve Tesla Inc. TSLA, -3.57% Chief Executive Elon Musk’s $44 billion bid to acquire the embattled company and take it private, pushing Twitter shares up nearly 2%. Musk, however, is attempting to back out of the deal with claims that Twitter underreported fake accounts, prompting Twitter to […]
Gold futures settled lower on Tuesday, pressured by strength in the U.S. dollar, which got a boost after data showed the consumer price index rose by 0.1% in August, contrary to a drop of 0.1% expected by economists polled by The Wall Street Journal. Excluding food and energy prices, the core rate of inflation rose […]
• Palladium reversed from resistance level 2270.00 • Likely to fall to support level 2000.00 Palladium recently reversed down from the key resistance level 2270.00 (which has been reversing the price from the end of April). The resistance level 2270.00 was further strengthened by the nearby upper daily Bollinger Band and by the 38.2% Fibonacci […]