Latest Market News
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 […]
Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14. According to […]
Oil futures on Friday ended lower for the session, contributing to a weekly loss of nearly 8% for U.S. benchmark crude prices. “With many analysts and economists now forecasting a recession as their base case outlook for 2023, demand estimates for everything from energy products to industrial metals are taking a hit,” said Tyler Richey, […]