Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price barely clings to $56,000 support Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows ofRead More →
NZD/USD continued losing ground on Wednesday and dropped to fresh multi-month lows. The NZ government’s overnight announcement to curb housing prices weighed on the kiwi. The risk-off mood benefitted the safe-haven USD and contributed to the ongoing downfall. The NZD/USD pair remained depressed through the Asian session on WednesdayRead More →
USD/CAD remained under some selling pressure for the third straight session on Wednesday. The impasse over US fiscal stimulus, surging COVID-19 cases continued weighing on the USD. Bulls seemed rather unimpressed by sliding oil prices, which tend to undermine the loonie. Increasing selling pressure around the greenback pushed theRead More →
Xilinx Inc. shares are headed for their fourth post-earnings drop in as many quarters, prompting analysts to hope this is the last time the company will reset its bar lower. Though the company topped earnings expectations for its fiscal third-quarter in a late Tuesday report, it issued a disappointing forecastRead More →
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s outlook fell below Wall Street estimates and data-center sales did not come in as well as expected. AMD AMD, +2.58% shares declined 2% after hours, following a 2.6% rise in the regular session to closeRead More →
British stocks began the new year with a bang on Thursday but the pound slipped as 2020 started with the same old Brexit fears. The internationally-exposed FTSE 100 UKX, +0.89% jumped 0.9% led by strong gains for mining stocks as China’s central bank cut its reserve requirement ratio forRead More →
Bernstein analyst Zane Chrane is shaking his head at Zoom Video Communications Inc.’s 9% stock slide Friday, after the company topped expectations with its latest results and outlook. He titled his note to clients, “Sometimes perfection still isn’t enough,” while arguing that consensus estimates “very likely reflect some mismodeling byRead More →
Cannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried out a convertible debt swap that is highly dilutive for its shareholders. Aurora stock ACB, -5.93% ACB, -4.89% fell 3.7% after it set the early conversion price for C$230 million ($173 million) of 5% convertible bondsRead More →
Wild gyrations seen this week for the British pound continued Thursday, with the currency falling anew after a key group of Northern Ireland politicians said they can’t support U.K. Prime Minister Boris Johnson’s current Brexit plan. The pound GBPUSD, -0.2495% slid 0.6% to $1.2755, from $1.2828 seen late Wednesday inRead More →
Constellation Brands Inc. stock fell 7% Thursday to lead S&P 500 decliners, after the distributor of Corona beer swung to a big loss in its fiscal second quarter as it booked charges related to an investment in a Canadian cannabis company. Victor, New York-based Constellation Brands STZ, -4.99%, which alsoRead More →
(Bloomberg) — Japanese stocks pared gains and the yen climbed after the Bank of Japan left its policy settings unchanged while noting rising risks from overseas. Australia’s dollar slumped after the unemployment rate rose. U.S. stock futures retreated, Hong Kong shares slumped and China’s yuan dropped as investors took stockRead More →
Cannabis stocks were mostly lower Wednesday, weighed down by pressure in the broader markets after the yield curve inverted and a steep selloff in Tilray shares following earnings. The Dow Jones Industrial Average DJIA, -2.45% was down more than 500 points at last check, after the U.S. 2-year Treasury noteRead More →
The S&P 500 index clinched another all-time high on Tuesday afternoon, even as trading in assets perceived as safe havens, like U.S. Treasuries, benefitted from pessimism about the global economic outlook and the prospect of an ongoing trade war with China. How are benchmarks faring? The Dow Jones Industrial AverageRead More →
Bloomberg News/Landov A construction worker works on a new home for developer KB Home in Valencia, California. The numbers: U.S. home builder confidence fell two points to 64 in June, as measured by the National Association of Home Builders’ index. That missed the consensus forecast of a one-point increase. AnyRead More →
© Reuters. Investing.com – Stocks in focus in premarket trade Monday: • United Technologies (NYSE:) stock and Raytheon (NYSE:) stock gained 2.4% and 8.7%, respectively, by 7:55 AM ET (11:55 GMT) after the two companies that would create an aerospace and defense giant worth about $121 billion. • Tableau SoftwareRead More →
© Reuters. Aerial view of the Miami Air International Boeing 737-800 that overran the runway at NAS Jacksonville By Brendan O’Brien (Reuters) – Federal investigators on Saturday began searching for what caused a Boeing (NYSE:) jetliner with 143 people on board to slide off a runway into a shallow riverRead More →
© Reuters. The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the NYSE in New York By Elizabeth Dilts and Aparajita Saxena (Reuters) – Goldman Sachs Group Inc (NYSE:) offered new tidbits about its sweeping operational overhaul when reporting first-quarter results onRead More →
Oracle Corp. shares declined in the extended session Thursday after the enterprise software company forecast its outlook, after the company topped Wall Street estimates again amid a wave of stock buybacks. Oracle shares ORCL, -0.02% , which had bounced up and down about 1% after hours before the outlook wasRead More →
The euro on Thursday fell to its lowest level versus the dollar in four months after the European Central Bank said its ultralow interest rates until after the end of the year — an extension from before — and said a new long-term refinancing program for eurozone banks was coming.Read More →
