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President Joe Biden on Friday said “I will not yield” to Republicans in a standoff over raising the U.S. debt limit if the GOP demands cuts to Medicare and Social Security in exchange for an increase in the limit. Biden was speaking at the White House after the release of the fiscal year 2022 budget […]
EURUSD, “Euro vs US Dollar” EURUSD worked off a downward wave to 0.9752 and a correction to 0.9844. Today the market is forming another wave of decline to the level of 0.9733. After its breakdown, we expect the formation of the consolidation range around this level. Upon release from the range down, we will consider […]
Bitcoin (BTC) dipped further below $19,000 on Oct. 21 as rumors circulated over the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed still on track for major November rate hike Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly dropping before the Wall Street open, hitting lows of $18,660 on […]
Huntington Bancshares Inc. HBAN, +6.55% rose 7.9% on Friday after the financial services company forecast stronger-than-expected net interest income as the company said it’s been performing “exceptionally well” despite economic headwinds in the sector. Huntington hiked its view for net interest income in the fourth quarter to rise in the high 20% to low 30% […]
U.S. stock-indexes opened slightly lower Friday, on track for a three-day losing streak as Treasury yields continue to march higher on expectations for aggressive Federal Reserve rate increases. Indexes, however, were on track for weekly gains. The Dow Jones Industrial Average DJIA, +0.81% fell 52 points, or 0.2%, while the S&P 500 SPX, +0.62% was […]
Shares of Hawaiian Airlines parent Hawaiian Holdings Inc. HA, +12.50% rallied 4.1% in premarket trading Friday, after the company said it issued Amazon.com Inc. AMZN, +0.80% warrants to buy up to 15% of its shares outstanding as part of an agreement to operate 10 cargo jets to provide logistics support for the ecommerce giant. As […]