Author: FX

Gladstone Investment stock rises 2% postmarket on Q3 earnings beat Source link

© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet continued to promise “ongoing increases” in borrowing costs as part of its still unresolved battle against inflation. “Inflation has eased somewhat but remains elevated,” the U.S. central bank said in a statement that marked an explicit acknowledgement of the progress made in lowering the pace of price increases from the 40-year highs…

The broader broader US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or…

USD/JPY was rejected at the 20-day EMA and collapsed as the Federal Reserve increased rates by 25 bps. Federal Reserve officials stated that more increases would be appropriate in 25 bps increments. Powell’s disinflationary comments tumbled US Treasury bond yields and sent the US Dollar into a tailspin. USD/JPY is plummeting sharply after the US Federal Reserve decided to slow down the pace of rate increases and hiked rates by 0.25% on their first monetary policy meeting of 2023. Therefore, the US 10-year Treasury bond yield is plunging more than ten bps toward 3.40% as the market responds to the…

BlackRock Short Maturity Municipal Bond ETF declares monthly distribution of $0.1582 Source link

FOMC, Dollar, S&P 500, ECB and BOE Rate Decision Talking Points:The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percentThe US benchmark is higher than its principal global counterparts, but that advantage has been previously priced inIn the policy statement that accompanied the decision, the group said ‘anticipates that ongoing increases…will be appropriate’ Recommended by John Kicklighter Trading Forex News: The Strategy The Federal Open Market Committee (FOMC) announced a 25 basis point increase in its benchmark rate range to 4.50 – 4.75 percent. The increase was a further step down in pace from…

© Reuters By Scott Kanowsky Peloton Interactive (NASDAQ:) Inc (PTON) shares gained 17% intra-day Wednesday after the company reported second-quarter results that beat on the top-line and unveiled a third-quarter revenue forecast that was largely stronger than anticipated, as Chief Executive Officer Barry McCarthy aims for an “epic comeback” for the connected fitness company after a protracted era of restructuring. While investors are cheering the less dismal outlook and more upbeat comments, others have pointed to a potential for “eroding” subscriber quality as subscription revenue declined for the first time even as subscribers rose. In a statement, the firm said…

Silver fails to hold to its earlier gains above the 20-day EMA, with traders eyeing $23.00. Silver Price Analysis: Consolidated, slightly skewed downwards, as oscillators turned bearish. Silver price struggles at the 20-day Exponential Moving Average (EMA) at $23.66 and is dropping toward the lows of the day, at around $23.40s, as investors prepare for the US Federal Reserve’s (Fed) monetary policy decision. Therefore, XAG/USD traders are squaring their positions, awaiting Jerome Powell and his colleagues. At the time of writing, the XAG/USD exchanges hands at $23.44, below its opening price by 1.12%. Silver Price Analysis: XAG/USD Technical Outlook Silver…

FrankyDeMeyer Novavax (NASDAQ:NVAX) and Johnson & Johnson (NYSE:JNJ) are locked in a bitter dispute over advance payments made for millions of COVID-19 vaccine doses the companies agreed to deliver to low-income countries but later canceled, The New York Times reported Wednesday. The Geneva-based nongovernmental organization, Gavi, reached agreements with leading vaccine makers to procure the shots on behalf of Covax, a WHO-backed initiative to improve vaccine access in low-income countries. As companies prioritized high-income countries, developing countries failed to receive significant volumes of vaccines until mid-2022. When the supplies picked up, the demand had started to ebb, prompting Gavi to…

German Dax 40, FTSE 100 Latest:German Dax builds in a solid range that has continued to hold over the past few weeks.FTSE 100 dips below the 20-day MA (moving average) – strikes over wages in the UK rise but stocks hold steady (at least for now).Equity indices remain resilient ahead of central bank meetings and dampened sentiment. Recommended by Tammy Da Costa Get Your Free Equities Forecast European equities are holding steady in a solid range with Dax and FTSE both stalling at resistance.As markets prepare for the next batch of rate decisions, political and economic turmoil has been overshadowed…