News
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area during the pullback, EURUSD may reverse in the form of a new descending wave. In this case, the downside target may be at 0.9595. However, an alternative scenario implies that […]
First Republic Bank FRC, -14.21% stock fell 10% Friday in the weakest share price reaction among four regional banks that reported earnings. While First Republic’s third-quarter earnings of $2.21 beat the target of $2.18 a share, its net interest income looking ahead is running about 4 basis points behind the forecast for growth of 2.75%, […]
The Dow Jones Industrial Average’s DJIA, -0.50% top-two gaining stocks Friday are those of the companies that reported third-quarter earnings, with the gains enough to keep the blue chip barometer positive despite weakness in the broader stock market. UnitedHealth Group Inc.’s stock UNH, +1.79% ran up $15.31, or 3.0%, in morning trading and JPMorgan Chase […]
Businesses increased inventories, or products waiting to be sold, by 0.8% in August. Economists polled by The Wall Street Journal had forecast a 0.9% increase. Rising inventories add to gross domestic product and usually reflect an expanding economy. The government said sales rose a smaller 0.3% in the month, however. As a result, the ratio of inventories […]
U.K. Prime Minister Liz Truss reversed the mini budget plan on corporate taxes in a decision she framed as one that will promote economic stability. Truss said that will raise £18 billion each year and act as a down payment on its fiscal plan, and said that spending will grow less rapidly than previously planned. […]
Shares of Biomerica Inc. BMRA, -5.05% shot up 13.1% toward a 6-month high in active morning trading Friday, after the medical diagnostic products company said Walmart Inc. WMT, -0.82% will start selling its Aware Breast Self Exam device in about half its stores. Trading volume ballooned to 1.8 million shares, compared with the full-day average […]