Latest Market News
Optimism that the Federal Reserve might back off of aggressive interest rate hikes is giving way to something else within financial markets: A feeling that things won’t likely get better for investors from here. Financial markets have vacillated between two narratives: One in which the prospects of weaker growth and financial instability force policy makers […]
Shares of Tesla Inc. TSLA, -0.59% rose 0.3% in afternoon trading Thursday, after S&P Global Ratings raised the electric vehicle (EV) maker’s credit rating by two notches into “investment grade” territory, given higher-than-expected deliveries and a ramp up in production to meet strong demand. The rating was raised to BBB, which is the second-lowest investment […]
Gold futures ended unchanged on Thursday as investors await cues from the monthly U.S. jobs report due Friday. Everyone will be “closely watching tomorrow’s U.S. September nonfarm payrolls and its impact on the November Federal Reserve meeting,” said Chintan Karnani, director of research at Insignia Consultants. There has to be an increase in unemployment in […]
The House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol has scheduled its next public hearing for Oct. 13 at 1 p.m. Eastern, the panel announced Thursday. The bipartisan committee has been building a case against former President Donald Trump in a series of televised hearings, and next week’s may be its […]
Air Products & Chemicals Inc. APD, -1.70% said Thursday it plans to invest about $500 million to build and operate a green hydrogen production facility in Massena, New York, as well as liquid hydrogen distribution operations. The industrial gases company expects the investment to create 90 jobs. The company expects commercial operation of the facility […]
• EURGBP reversed from support level 0.8675 • Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up from the key support level 0.8675 (previous monthly high from June), intersecting with the 61.8% Fibonacci correction of the upward impulse from August. The upward reversal from this support level 0.8675 stopped the earlier […]