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U.S. business inventories jumped 1.2% in November, the government said Friday. Sales rose 0.7% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, rose to 1.25 from 1.24. That’s how many months it would take to […]
Analysts at RBC Capital Markets have downgraded their rating on Ford Motor Co. F, +0.68% stock to the equivalent of hold, saying in a note late Thursday that despite their belief that the auto maker’s turnaround is “well underway” and Ford can continue to transition toward a future dominated by electric vehicles, autonomous vehicles, and […]
Dollar weakness this week is more attributable to improved growth prospects and yields on local non-US assets than to a breakdown in Fed policy expectations. In this regard, the dollar correction may be longer than expected as non-US yields driver apparently comes into the spotlight. Nevertheless, it is still premature to say that the dollar […]
Type: Bearish ReversalKey Levels:Resistance: 114.167Pivot: 113.998Support: 113.348Preferred Case:Prices are on bearish momentum. We see the potential for a sell entry at 113.998 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 113.348 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 114.167 […]
Baker Hughes BKR, +4.53% on Friday reported that the number of active U.S. rigs drilling for oil was up by 11 to 492 this week. That followed a rise of just one oil rig the week before, and marked the biggest weekly climb since October, Baker Hughes data show. The total active U.S. rig count, […]
“Do not purchase SHIB from these addresses as your funds will be irreversibly lost,” said the team at Shiba Inu. 4753 Total views 77 Total shares A bit Twitter drama ensued on Thursday, continuing well into Friday afternoon, when developers behind popular meme token Shiba Inu (SHIB) issued a statement alleging that CoinMarketCap had listed […]