News
• GBPCAD reversed from resistance level 1.5720 • Likely to fall to support level 1.5360 GBPCAD recently reversed down from the key resistance level 1.5720 (which has been steadily reversing the pair from the start of August) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.5720 stopped the previous […]
A big reason why technology-heavy Nasdaq Composite COMP, -1.37% is dropping 1.5% in afternoon trading Thursday while the Dow Jones Industrial Average DJIA, +0.91% is rallying 292 points, or 0.9%, is the bad performance of the shares of the four biggest tech names. Of the four U.S. companies with market capitalizations of over $1 trillion, […]
Traders are considering the possibility that Fed policy makers will deliver a smaller-than-expected 50-basis-point rate hike next week, instead of the widely expected 75-basis-point increase. The chance of a half-point hike was as high as 11% on Thursday, up from 1.6% a week ago. Meanwhile, the likelihood of a 75-basis-point hike has dropped to 89%, […]
Microsoft Corp. MSFT, -2.00% disclosed Thursday that Chief Executive Satya Nadella’s 2022 remained at $2.50 million for the third-straight year, but his total compensation climbed 10.2% to $54.95 million. The total compensation included stock awards and performance stock awards valued at $42.27 million at the grant date, up from $33.04 million a year ago, and […]
The Tesla Cyberquad for Kids all-terrain vehicle (ATV) by Radio Flyer was recalled, as it failed to comply with federal mandatory safety standard requirements for youth ATVs. The recall affects about 5,000 units of the model number 914, which have both the Tesla “T” and Radio Flyer logos printed on the batteries, and were sold […]
U.S. stocks opened higher as investors digest fresh economic data and the European Central Bank’s decision to hike interest rates by three-quarters of a percentage point to fight inflation. The Dow Jones Industrial Average DJIA, +1.14% rose around 1.2% soon after the opening bell, while the S&P 500 SPX, -0.12% gained 0.4% and the Nasdaq […]