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Shares of Novavax Inc. NVAX, -9.15% slumped 7.1% in morning trading Thursday, to extend their recent plunge toward a near 2 1/2-year low, after J.P. Morgan threw in the towel on the maker of the COVID-19 vaccine Nuvaxovid, citing expectations of more cuts to revenue guidance. Analyst Eric Joseph cut his rating to underweight, after […]

USDJPY is falling on Thursday after interventions by the Bank of Japan.  The Japanese Yen reached stability against the USD. The current quote for the instrument is 142.85. The Yen was weakening against the USD yesterday but managed to reach stability this morning. The Japanese currency might be interesting for investors as a “safe haven” […]

Fed-funds futures traders now see a decent chance that U.S. policy makers will lift borrowing costs to a range between 4.75% to 5% by March, versus the current level between 3% and 3.25%. They see a 26% chance of such a scenario, up from 19% on Wednesday and zero likelihood a month ago, according to […]

EURUSD reached another bottom, the lowest in the last 20 years.  The major currency pair continues to retreat on Thursday. The current quote for the instrument is 0.9866. The USD is in high demand from investors who are trying to escape risks.  So, the most important monetary event of the month is over – the […]

Ethereum’s Merge on Sep. 15 turned out to be a sell-the-news event, which looks set to continue.  Notably, Ether (ETH) dropped considerably against the U.S. dollar and Bitcoin (BTC) after the Merge. As of Sep. 22, ETH/USD and ETH/BTC trading pairs were down by more than 20% and 17%, respectively, since Ethereum’s switch to Proof-of-Stake (PoS. ETH/USD and […]

Shares of Ford Motor Co. F, -0.57% eased about 0.1% in morning trading Tuesday, while the S&P 500 SPX, -0.50% dropped 0.5%, after the auto maker announced leadership changes as it looks to accelerate its “Ford+” growth plan, and as it enters an “intense period of execution” of its $50 billion investment in electric vehicles […]