Latest Market News

Jan 14
Boston Beer slashes earnings forecast on supply-chain issues

Boston Beer Co. SAM, +0.82% shares fell in the extended session Thursday after the beer maker slashed its earnings guidance in light of higher-than-expected supply-chain costs and reduced wholesaler inventories. Boston Beer shares fell 7% after hours, following a 0.8% gain in the regular session to close at $488.98. In a filing with the Securities […]

Jan 13
Bausch & Lomb files for IPO, parent Bausch Health to remain majority owner

Bausch & Lomb Corp. has filed for an initial public offering, according to a filing late Thursday. The Bausch Health Cos. Inc. BHC, -2.16% subsidiary seeks to sell up to $100 million worth of shares, although that’s often a placeholder amount used to calculate filing fees. Bausch Health said in August 2020 it planned to […]

Jan 13
Supreme Court blocks vaccine-or-test rule for businesses

The U.S. Supreme Court on Thursday blocked President Joe Biden’s COVID vaccine-or-test mandate for large U.S. businesses, but allowed a mandate for most health-care workers to be in effect. Biden had sought to require employers with 100 or more employees to require that workers are fully vaccinated against COVID-19 or test negative on a weekly […]

Jan 13
USD/RUB Forecast: Potential Drop Ahead

Good day,USD/RUB has dropped and approached the uptrend. However, the asset is likely to drop even further, all the way till the supporting level of 73.35 or potentially rise till the level of 78.00, as well. So, it is worth observing what is going to happen next.The Euro broke the resistance at the level of […]

Jan 13
Investment Bank Outlook 13-01-2022

Credit AgricoleAsia overnightInvestors appear stunned at the moment. US inflation came out in line with market expectations and led to little further moves in market pricing for the Fed and UST yields. Indeed, even further hawkish speak from FOMC members did not really move rates markets. The USD did move, however, as investors exited long […]

Jan 13
Novartis Wave Analysis – 13 January, 2022

• Novartis broke round resistance level 90.00 • Likely to rise to resistance level 91.30 Novartis continues to rise steadily after the earlier breakout of the round resistance level 90.00 (which reversed the price earlier this month). The breakout of the resistance level 90.00 accelerated the active minor impulse wave 1 of the intermediate upward […]