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New York City is approaching a COVID alert level of “high,” according to a statement from the health department, that urges New Yorkers to again wear face mask in indoor settings. For now, the city’s alert level remains “medium,” but cases are continuing to climb, driven by the omicron variant and subvariants. In an advisory, […]
Gold futures rose on Monday, ending a 2-session slid, as the dollar’s surge took a breather and Treasury yields pulled back from a recent peak. Gold for June deliver gmc22 GC00, +0.41% advanced $5.80, or 0.3%, to settle at $1,814.00 an once on Comex, bouncing after the yellow metal briefly traded below the $1,800 threshold. […]
Shares of iQIYI Inc. IQ, +14.81% soared 17.7% in afternoon trading Monday, after a double upgrade by J.P. Morgan analyst Alex Yao to buy from underweight, saying the China-based streaming-video company is a beneficiary of a new paradigm surrounding China’s long-form video industry, in which major platforms switch focus to profitability from expansion. Yao multiplied […]
Metals Under Pressure On MondayIt’s another frustrating Monday morning for gold bulls this week. Both gold and silver remain under firm selling interest as the US Dollar sits just off last week’s highs, which marked the highest DXY prices since 2002. Both gold and silver have been heavy losers over the last two months as […]
Credit AgricoleAsia overnightSentiment started the session strong on the back of a mortgage rate cut in China over the weekend and signs of an easing of its Covid lockdowns in Shanghai. But the investor mood turned sour following the downside surprises in the China cyclical data. At the time of writing, S&P500 futures and a […]
The Food and Drug Administration said Monday that it won’t authorize fluvoxamine, a generic treatment for obsessive-compulsive disorder, as a COVID-19 therapy. “The FDA has determined that the data are insufficient to conclude that fluvoxamine may be effective in the treatment of nonhospitalized patients with COVID-19 to prevent progression to severe disease and/or hospitalization,” the […]