Author: FX
S&P 500 Talking Points: Recommended by James Stanley Get Your Free Equities Forecast Tomorrow brings the release of CPI data for the month of November and throughout this year, CPI has been a major driver for stocks. Earlier in the year as CPI was climbing, stocks were vulnerable as markets started to price in more and more rate hikes out of the FOMC. This took a toll on equities, with the S&P down at one point by more than 27% this year.That low in the S&P printed on October 13th, which was another CPI print, with a brutal initial reaction…
MamaMancini's GAAP EPS of $0.03 beats by $0.04, revenue of $25.7M beats by $2.8M Source link
© Reuters. FILE PHOTO: A general view of the U.S. Supreme Court building in the rain the day before the start of the court’s new term in Washington, U.S. October 2, 2022. REUTERS/Jonathan Ernst (Reuters) – The U.S. Supreme Court on Monday cleared the way for California to enforce a voter-approved ban in America’s most-populous state on flavored tobacco products, rejecting R.J. Reynolds Tobacco Company’s bid to block it on the grounds that the policy conflicted with federal law. The justices denied the emergency request by R.J. Reynolds, a unit of British American Tobacco (NYSE:), and other plaintiffs to put…
Gold price bears have move din for the kill at the start of the week. $1,765 swing lows are now in sight and in-the-money longs below there is a target for the bears. Gold price has started out the week on the back foot and printed a low of $1,777.68 having fallen from a high of $1,797.46. Gold price is down by some 0.96% at the time of writing while the US Dollar has cut early losses to trade higher by some 0.25% as per the DXY index at 105.20. All eyes on the Federal Reserve Investors are potentially moving…
The House financial services committee publishes a prepared testimony from FTX CEO John Ray.Some highlights:FTX Collapse appears to stem from concentration of control in small group of inexperienced and unsophisticated individualsFTX failed to implement virtually any systems necessary for company entrusted with people’s money or assetsUsed computer infrastructure that gave senior management access to systems that stored customer assetsHad unacceptable management practices including co-mingling of assetsHas hired a new financial officer head of human resources and head of information technologyWorking around the clock to locate and secure property of estate, a portion of which may be missingProcess being overseen by…
An appreciation of the US Dollar weighs on Silver prices. The robust US Producer Price Index report confirms that inflation is stickier than estimated. Consumer Sentiment in the United States improved last week while inflation expectations eased. Rising US Treasury bond yields undermine the XAG/USD value. Silver price retraces from daily highs of $23.53 reached in the European session and tumbles toward $23.17, courtesy of a sudden change in market mood, with US Treasury yields trimming its earlier losses, while the US Dollar (USD), shifted positively. Therefore, the XAG/USD is trading at $23.16, below its opening price by 1.31%. US…
Recruiter.com Group joins hands with Multiplier Source link
4/4 © Reuters. Women wearing face masks and face shields talk on a street, as coronavirus disease (COVID-19) outbreaks continue in Shanghai, China, December 12, 2022. REUTERS/Aly Song 2/4 By Eduardo Baptista and Josh Ye BEIJING/HONG KONG (Reuters) -People queued outside fever clinics at Chinese hospitals for COVID-19 checks on Monday, a new sign of the rapid spread of symptoms after authorities began dismantling an apparatus they used to surveil residents and curtail movement. Three years into the pandemic, China is acting to align with a world that has largely reopened to live with COVID, making a major policy change…
The new week begins with the Dollar in focus ahead of key economic data in the form of CPI and central bank rate decisions. Dollar The Dollar begins the new week adding to the gains accrued last week, ahead of key economic data releases in the form of inflation data for November as well as the much-anticipated FED rate decision. Factors driving this initial exuberance can be attributed to the upbeat data that was released last week in the form of US Producer Price Index data, which matched the market expectations, coming in at the forecasted 7.4% YoY for November…
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