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Shares of Alfi Inc. ALF, -74.45% plummeted 54.7% toward a record low in afternoon trading Friday, after the advertising software company disclosed that it filed for bankruptcy, about 17 months after going public. The company said considered all strategic alternatives before filing for bankruptcy. Under terms of the filing, all assets and liabilities will be […]
No decisions have been made yet on a dollar level for a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen told reporters on Friday. Speaking at a news conference as part of this year’s meetings of the IMF and the World Bank, Yellen said a price cap “will help stabilize global energy prices,” […]
Shares of Amazon.com Inc. AMZN, -4.60% slumped 3.8% toward a 3 1/2-month low in afternoon trading Friday, after BofA Securities analyst Justin Post said he believes sales from the ecommerce giant’s recent Prime Early Access event were less than the Prime Day event in July. The stock extended the 0.3% decline on Thursday, which came […]
Gold futures declined on Friday, settling 3.5% lower for the week and at their lowest price month to date. “Wall Street is nowhere near feeling confident they have a handle on how high the [Federal Reserve] will take rates and that is bad news for bullion,” said Edward Moya, senior market analyst at OANDA. “Gold’s […]
Treasury Secretary Janet Yellen on Friday said lowering inflation is President Joe Biden’s “top economic priority,” but pointed to more effort ahead to wrestle price increases down. After referencing September inflation figures, Yellen said the Biden administration is “continuing to take a broad range of actions to boost energy supply, address housing constraints, and provide […]
• Aluminum reversed from resistance level 2368.70 • Likely to fall to support at 2300.00 Aluminum recently reversed down from the key resistance level 2368.70 (which has been reversing the pair from the middle of August). The resistance area near the resistance level 2368.70 was strengthened by the upper daily Bollinger Band and by the […]