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Shares of El Pollo Loco Holdings. [s: loco] jumped 15% after hours Tuesday after the Mexican-restaurant chain said its board had declared a special dividend of $1.50 per share and authorized a new stock buyback program of up to $20 million, saying it was in a “good position” to move ahead with the investor payouts. Management for the […]

In a sign of the darkening outlook for the global economy and financial markets, the continuing debate over whether the next major crisis is on the way is shifting into a conversation about just what type of crisis it will be. For Neil Shearing, group chief economist at London-based Capital Economics, the bigger threat is […]

U.S. stocks finished mostly lower on Wednesday with the S&P 500 logging its lowest end-of-date level since September, while the Nasdaq Composite logged its lowest such level since July. Only the Dow Jones Industrial Average managed to evade a loss for the day; the other two indexes recorded their fifth straight session in the red. […]

Bank of England Gov. Andrew Bailey late Tuesday said U.K. pension funds need to finish rebalancing positions by Friday when the central bank’s emergency bond-buying program is set to end, news reports said. U.S. stocks extended a decline after the remarks, while the British pound GBPUSD, +0.05% fell 0.7%. “We have announced that we will […]

7-Eleven Inc. SVNDY, -4.04% said Tuesday it’s introducing green apple Slurpee flavor for fall. It’s now available for a limited time at participating 7-Eleven, Speedway and Stripes stores. Shares of Seven & I Holdings, the parent of 7-Eleven, are down 15.4% in 2022, compared to a 32.6% drop by the Nasdaq COMP, -1.10%.

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area during the pullback, EURUSD may reverse in the form of a new correctional wave. In this case, the upside correctional target may be at 0.9735. However, an alternative scenario implies that […]