Author: FX
4/4 © Reuters. Rescuers work during a rescue and evacuation operation following a landslide at a campsite in Batang Kali, Selangor state, on the outskirts of Kuala Lumpur, Malaysia, December 16, 2022, in this picture obtained from social media. Korporat JBPM/via REUTERS 2/4 KUALA LUMPUR (Reuters) – The search for the remaining 12 campers caught in Friday’s deadly landslide at an unlicensed campsite in Malaysia continued for a second day after an overnight halt due to bad weather, officials said. At least 21 people, including five children, were killed after a landslide in Batang Kali, a popular hilly area about…
designer491 Canadian fintech Greifenberg Digital (GDLT) has filed to raise up to $15M through a direct offering of its shares on the US market. Greifenberg said in a filing that it intends to offer up to 3M shares at the assumed price of $5 per share, a number that could likely change. Shares will be offered by management on behalf of the company on a “best efforts” basis, with no underwriter involved. Investors can subscribe to the offering by filling out an application attached to the prospectus. The offer will be completed 180 days from the date of the prospectus…
© Reuters. FILE PHOTO: Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File Photo By Jessica DiNapoli and Hyunjoo Jin NEW YORK/SAN FRANCISCO (Reuters) – PepsiCo (NASDAQ:) plans to roll out 100 heavy-duty Tesla (NASDAQ:) Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart (NYSE:) and Kroger (NYSE:), the soda maker’s top fleet official told Reuters on Friday. PepsiCo Inc, which ordered the big trucks in 2017, is purchasing them “outright” and is also upgrading its plants, including installing four 750-kilowatt…
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Silver prices bounce and cling to gains, despite a buoyant US Dollar. Near-term, XAG/USD might consolidate, as mixed signals between the RSI/RoC suggest caution is warranted. Silver is recovering some ground after falling to weekly lows during the New York session of $22.56. However, a late buying impulse keeps XAG/USD trading in the green with gains of 0.41%. At the time of writing, the XAG/USD is trading at $23.21, above its opening price, and set to finish the week with losses of 1.23%. Silver Price Analysis: Technical outlook The XAG/USD daily chart depicts that the non-yielding metal remains upward biased…
2/2 © Reuters. FILE PHOTO: The floor of the the New York Stock Exchange (NYSE) is seen after the close of trading in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo 2/2 By Lewis Krauskopf (Reuters) – Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry’s appeal. The banks index has slumped some 11% this month against a 5.5% drop for the broader index in the same period. Among the hardest hit were shares of Bank of America (NYSE:), which have fallen 16% this month. Shares of Wells Fargo (NYSE:) & Co…
Markets:Gold up $16 to $1793US 10-year yields up 3.6 bps to 3.48%WTI crude oil down $1.80 to $74.31S&P 500 down 43 points to 3852 (-1.1%)JPY leads, CHF lagsThe market continued to digest the Fed and ECB stance on Friday and the message is a souring of the mood, leading to selling of equities and the euro on slowing growth prospects. USD/JPY fell as the bond market stridently expresses the view that the Fed won’t hike as high as it’s promising, with the terminal rate in Fed fund futures at 4.84% and US 2s lower than at the start of the…
What a fakeout in stocks this week. The bulls were feeling great after the soft CPI and hopeful that Powell would tip the nod towards easier policy. Instead, he leaned in hard to hikes and that was followed by an even-more hawkish lean from Lagarde.Now the bond market is signaling an unnecessary recession and US stocks posted an ugly outside day on the chart.On the day:SPX -1.1%Nasdaq Comp -1.0%Russell 2000 -0.7%DJIA -0.9%On the weekSPX -2.1%Nasdaq Comp -2.8%Russell 2000 -1.9%There isn’t much to like on the S&P 500 weekly chart after this week’s outside reversal:SPX weeklyADVERTISEMENT – CONTINUE READING BELOW Source…