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Shares of Skechers USA Inc. SKX, -4.66% rose more than 4% in the extended session Wednesday after the footwear retailer reported first-quarter earnings and sales above expectations, saying its wholesale business was strong. Skechers said it earned $121.2 million, or 77 cents a share, in the quarter, compared with $98.6 million, or 63 cents a […]
BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone. 4665 Total views 22 Total shares The cryptocurrency market and wider global financial markets fell under pressure on April 26 after the hype surrounding Elon Musk’s purchase of Twitter began to […]
Lucid Group Inc. LCID, -8.74% stock rose more than 4% in the extended session Tuesday after the EV maker said it had reached an agreement with Saudi Arabia to sell up to 100,000 vehicles over a 10-year period to Saudi Arabia’s government, including an initial commitment to buy 50,000 vehicles. That is “another pivotal moment […]
In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. 484 Total views 5 Total shares After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member […]
The American Petroleum Institute on Tuesday afternoon reported that U.S. crude-oil inventories rose by 4.78 million barrels last week, according to a source, who cited the data. The trade group also saw a 1.14 million barrel rise in supplies at Cushing, Oklahoma, the delivery hub for New York Mercantile Exchange futures. U.S. gasoline supplies, meanwhile, […]
EURUSD, “Euro vs US Dollar” After finishing the descending wave at 1.0700, EURUSD is consolidating above this level. Possibly, the pair may expand the range down to 1.0677. After that, the instrument may start a new correction with the target at 1.0822. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the descending wave at […]