Author: FX
Justin Paget Ameren (NYSE:AEE) said Thursday it received approval from Missouri’s Public Service Commission to build or acquire three solar projects in the state, securing permission to carry out proposals the utility announced last year. The first of the three solar projects – the Vandalia Renewable Energy Center – is scheduled to enter service in 2025, with two more – Split Rail Solar, in Warren County, and the Bowling Green Renewable Energy Center – set to begin serving customers in 2026. The three solar farms would have a combined capacity of 400 MW, enough to power as many as 73K…
© Reuters. FILE PHOTO: Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar/File Photo By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on franchises to save costs. Nike (NYSE:)’s warning came after the stock market closed, and shares were down 5.6% in extended trading. Executives acknowledged that Nike’s direct-to-consumer strategy was not driving growth as expected and that…
Add this to your diary of Federal Reserve speakers – Federal Reserve Chair Powell will be speaking at a San Fransico Federal Reserve branch event on March 29.at 8.30 am PDT, which is 9.30 am US Eastern timeMarch 29 is the Good Friday holiday.The Securities Industry and Financial Markets Association (SIFMA) is recommending the US Bond market closed that day. So it is. US stock exchanges are also closed that day. Source link
Reddit spikes as much as 70% on NYSE on Thursday. RDDT stock started off at $34 per share before trading got underway. The initial Reddit market cap was $6.4 billion, but meme stock status could aid bulls. ALAB stock IPO on Wednesday saw a 72% gain. Reddit (RDDT) stock advanced 35% on Thursday afternoon following its IPO at 13:15 EST. The stock is trading at $46 per share at the time of writing but initially gained as much as 70% for an intraday high of $57.78. Reddit has finally come to Wall Street after nearly two decades of operations. Founded in 2005 by University of Virginia roommates Alexis Ohanian and…
Most Read: Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100Too often, traders get caught up in the herd mentality, buying when prices are rising rapidly and selling in a panic when the market takes a turn to the downside. Contrarian indicators, like IG client sentiment, offer a different perspective. By gauging whether positioning and the overall mood are excessively bullish or bearish, these tools can hint at potential reversals and turning points. The key is to look for opportunities to zig when everyone else is zagging.Of course, contrarian indicators are most powerful when used as part…
Direxion Daily S&P 500 High Beta Bear 3X Shares declares quarterly distribution of $0.3016 Source link
The Bank of England (BOE) delivered a dose of tough love to the U.K. economy today, choosing to maintain interest rates at a lofty 5.25%. The decision holds the key rate at a 16-year high, sending a clear signal that the central bank continues to worry more about elevated price pressures rather than how elevated interest rates are likely slowing economic activity in the U.K. Read the official statement and minutes here: Bank of England Monetary Policy Summary and minutes of the Monetary Policy Committee meeting GBP Price Action Following the Policy Hold Overlay of GBP vs. Major Currencies Chart…
© Reuters. A logo of Turkey’s Central Bank is pictured at the entrance to its headquarters in Ankara, Turkey February 8, 2024. REUTERS/Cagla Gurdogan/File Photo By Ezgi Erkoyun and Daren Butler ISTANBUL (Reuters) -Turkey’s central bank unexpectedly hiked interest rates by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledging to tighten even further if it expects the price situation to worsen significantly. The hawkish surprise came 10 days before nationwide local elections and was seen by analysts as a signal that the central bank was independent from any political constraints, and determined to tackle…
EUR/USD News and Analysis Recommended by Richard Snow How to Trade EUR/USD ECB Officials Eye June Meeting for First Rate Cut, SNB Delivers a Surprise CutIn spite of the glaring differences between EU and US growth prospects, ECB officials maintain a cautions approach to the inevitable rate cutting cycle – eying up June as the all important meeting. Wage growth has been a major focus from governing council members in 2024 but it looks like the ECB is running out of reasons to push back on interest rate cuts.Earlier today, the Swiss National Bank delivered a surprise 25 bps cut…
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