Latest Market News

Sep 16
FedEx shares on track for their worst week since the 1987 stock market crash

FedEx Corp. shares FDX, -21.49% are currently down 23.4% on the week, putting them on track for their worst week since the stock market crash of October 1987. The stock lost 25.6% in the week through Oct. 23 of 1987. FedEx late Thursday slashed its earnings forecast, pulled its outlook for the year, and called […]

Sep 16
Gold futures end higher for the session, fall for the week

Gold futures climbed on Friday, finding support following a September reading on U.S. consumer sentiment, but prices marked their fourth weekly loss in five weeks. A survey of consumer sentiment from the University of Michigan showed a rise to 59.5 in September. It also revealed that inflation has slowed a bit in the past few […]

Sep 16
Baker Hughes data show a weekly climb in active U.S. oil-drilling rigs

Read Next Walmart and Target among 1,600 merchants calling for credit-card fee law, says WSJ Merchants such as Target Corp. [s] and Walmart Inc. undefined signed on to a letter asking Congress to pass a law that would require options for the routing of credit-card transactions over alternative networks, according to The Wall Street Journal. […]

Sep 16
EURCHF Wave Analysis – 16 September, 2022

• EURCHF reversed from support level 0.9550 • Likely to rise to resistance level 0.9700 EURCHF currency pair recently reversed up with the daily Hammer from the key support level 0.9550 (which stopped the sharp downtrend in August) intersecting with the lower daily Bollinger Band . The upward reversal from the support level 0.9550 started […]

Sep 16
S&P 500 Wave Analysis – 16 September, 2022

• S&P 500 broke key support level 3900.00 • Likely to fall to support level 3800.00 S&P 500 index recently broke the key support level 3900.00 (which has been reversing the price from the end of July) intersecting with the 61.8% Fibonacci correction of the upward ABC correction from June . The breakout of the […]

Sep 16
El Salvador’s pro-Bitcoin president Nayib Bukele announces reelection bid

Bukele says that despite past laws that prohibited the reelection of presidents, El Salvador can follow in the footsteps of developing nations. 1467 Total views 42 Total shares In an Independence Day live streaming event on Sept. 15, El Salvador President Nayib Bukele announced his bid for reelection after his current term ends in 2024. […]