© Reuters. By Gina Lee Investing.com – The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during the previous session. With U.S. Treasuries recording and boosting the dollar, U.S. Federal Reserve Chairman Jerome Powell is also due to give a speechRead More →
Gold Price Forecast: XAU/USD’s 4H chart signals caution amid stimulus hopes, ahead of Fed Gold (XAU/USD) settled last week with modest losses below $1940, as the bears dominated amid fading hopes for a US coronavirus relief aid. Further, investors remained optimistic about the US Food and Drug Administration’s (FDA)Read More →
Economists at Charles Schwab believe the dollar is in for a long decline for the following reasons: the Federal Reserve has shifted to a zero interest rate policy, U.S. economic growth will likely underperform other major economies due to the coronary virus, political uncertainty is rising, and the growingRead More →
MARKETWATCH FRONT PAGE Dallas Fed President Robert Kaplan said Sunday health-care procedures to combat the coronavirus were just as important as government funding for the nascent economic recovery and, to date, these efforts to reduce coronavirus infections have been “uneven.” See full story. Asymptomatic transmission of coronavirus appears to beRead More →
Stock-index futures were slightly lower Wednesday after flipping between gains and losses as investors looked for a respite from a selling stampede that’s sent equities sharply lower over the past four days amid rising worries about the spread of COVID-19 outside of China. What are major indexes doing? Futures onRead More →
By Jesse Cohen Investing.com – Tesla (NASDAQ:) shares 17% on Wednesday, derailing a historic rally after a senior executive said the would delay deliveries of its Model 3 cars initially scheduled for early February. Tesla (NASDAQ:) stock down was down as much as 20% during intraday trading Wednesday, which wouldRead More →
© Reuters. FILE PHOTO: A woman looks at the Facebook logo on a screen. By Katie Paul and Munsif Vengattil (Reuters) – Facebook Inc (O:) said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectationsRead More →
Britain’s Queen Elizabeth issued an unprecedented statement on the future of Prince Harry and Meghan Markle. “Today my family had very constructive discussions on the future of my grandson and his family,” the queen wrote in a statement. “My family and I are entirely supportive of Harry and Meghan’s desireRead More →
Oil prices continued to rise in late Sunday trading, continuing their surge in the wake of last week’s killing of Iranian Gen. Qassem Soleimani in a U.S. drone strike, which ratcheted up Middle East tensions. After opening nearly 2% higher, late Sunday, West Texas Intermediate crude for February delivery CLG20,Read More →
Asian markets fell in early trading Tuesday as tensions in Hong Kong ratcheted up following protests Monday that shut down the city’s airport. Hong Kong’s airport struggled to reopen Tuesday, while protests continued, though at a smaller scale. While some flights resumed, many were canceled amid a backlog of flightsRead More →
Maybe investors got a little too relaxed about the U.S.-China trade war. After the stock market’s worst week of 2019, that’s not the case any more. And if history is a guide, they should probably remain on their toes, analysts said. “I think the U.S. market, having been recently atRead More →
© Reuters. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai By Tomo Uetake SYDNEY (Reuters) – Asian shares staggered up from five-week lows on Tuesday but remained fragile after U.S. President Donald Trump’s latest threat to raise tariffs on ChineseRead More →
Negotiators made headway on thorny issues in the U.S.-China trade dispute, including access to key markets and how to roll back punitive tariffs, as both sides prepare for talks they hope will clinch a deal. Chinese subsidies and other sticking points remain, however. On a brief trip to Beijing thisRead More →
© Reuters. FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles By Sayanti Chakraborty and Stephen Nellis (Reuters) – Chipmaker Intel Corp (NASDAQ:) on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for the dataRead More →
Shares advanced in Asia on Wednesday following a rally on Wall Street led by technology companies. There was little if any immediate reaction to President Donald Trump’s State of the Union address. Japan’s Nikkei 225 index NIK, +0.14% gained 0.3% early Wednesday. Australia’s S&P ASX 200 XJO, +0.34% Read More →
After several months of bad news at Snap Inc., Snapchat’s performance in the fourth quarter sent the beleaguered stock soaring back with gains of more than 20% in after-hours trading Tuesday. Sound familiar? It should, because we played this game last year at the same time, when Snap SNAP, +1.59%Read More →
