Author: FX

SPY: The SPDR S&P 500 ETF Trust traded 4.1 million shares after hours, with a price of $396.46, up 0.2% from the previous day’s close.BAC: Bank of America Corporation traded 1.7 million shares after hours, with a price of $27.21, up 0.3% from the previous day’s close.AAPL: Apple Inc. traded 1.5 million shares after hours, with a price of $160.20, unchanged from the previous day’s close.T: AT&T Inc. traded 1.4 million shares after hours, with a price of $18.64, up 0.2% from the previous day’s close.INTC: Intel Corporation traded 1.2 million shares after hours, with a price of $29.40, up…

© Reuters. FILE PHOTO: A general view of skyline buildings, in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu By Jessie Pang HONG KONG (Reuters) – Hong Kong police on Sunday permitted a small protest march under tight restrictions in one of the first demonstrations to be approved since the enactment of a sweeping national security law in 2020. Several dozen demonstrators were required to wear numbered lanyards and were barred from wearing masks, as police monitored their march against a proposed land reclamation and rubbish processing project. Participants chanted slogans against the reclamation project as they marched in the…

kckate16/iStock via Getty Images Analysts are warning that U.S. motorists could see a repeat of last summer’s high gasoline prices, as fuel stockpiles move to multi-year lows ahead of the summer driving season that begins in two months. U.S. retail gasoline prices currently average $3.44/gallon, according to AAA, but they ran to a record $5.02/gallon last June. Domestic gasoline stockpiles have fallen for five straight weeks, culminating in last week’s 6.4M-barrel drawdown that was the biggest since September 2021, leaving inventories at 229.6M, their lowest for this time of the year since 2015, according to weekly data from the Energy…

Russia will station tactical nuclear weapons in its neighbouring puppet state of Belarus.Putin announced the move on Saturdaytactical nuclear weaponsgave no indication of when the weapons will be movedA US official reacted with caution, reiterating that the US remained “committed to the collective defense of the NATO alliance”. Belarus borders three NATO member countries; Poland, Lithuania and Latvia.Info via Reuters—This is a significant escalation from Putin. Markets are currently focused on other matters, the banking crisis and central banks’ response to high inflation (ICYM these, but I’m sure you haven’t!) amongst them, but this is hardly a positive input. Source…

By Brendan O’Brien and Lucia Mutikani (Reuters) – At least 23 people were killed and dozens injured after thunderstorms spawning high straight-line winds and tornadoes ripped across Mississippi late on Friday, leaving hundreds without shelter, state officials said on Saturday. Four people were missing following the storms, which left a trail of damage for more than 100 miles (161 km). The tornadoes struck Silver City, a town of 200 people in western Mississippi, as well as Rolling Fork, with a population of 1,700, which was hardest hit. Parts of the state remain under tornado warning. “At least twenty three Mississippians…

Scott Olson/Getty Images News With Pfizer saying in January that it expects a huge decline in revenue for its COVID-19 antiviral pill Paxlovid, sales could be impacted in the future by an unlikely medicine: metformin, the long-used drug for diabetes. While combinations of drugs have long been used in clinical practice to produce better efficacy through synergistic results, metformin, one of the first medicines doctors turn to for diabetes, may be a headscratcher. But it shouldn’t necessarily be. That’s because mounting research indicates that Paxlovid and metformin could improve outcomes related to Long COVID, a chronic illness that could potentially…

First Trust EIP Carbon Impact ETF declares quarterly distribution of $0.1138 Source link

© Reuters. FILE PHOTO: Deputy Chief Executive of Pekao Luigi Lovaglio presents the company results during a media conference at the bank’s headquarters in Warsaw March 9, 2011. REUTERS/Kacper Pempel MILAN (Reuters) – Italy’s Treasury is set to hand veteran banker Luigi Lovaglio a new mandate as chief executive of state-owned lender Monte dei Paschi di Siena, two people with knowledge of the matter said. Lovaglio, who built his career at UniCredit where he eventually rose to lead the group’s former Polish unit Bank Pekao, arrived at Monte dei Paschi (MPS) just over a year ago, when the Treasury pushed…

I posted this reminder on Friday, but here to is again ICYMI. Something to be aware of if you are trading European markets.The European Union switch to daylight saving time on March 26.As do other European countries such as Switzerland and the UK.The clock goes forward one hour. Source link

Cinefootage Visuals/iStock via Getty Images GE Hitachi Nuclear Energy (NYSE:GE), Tennessee Valley Authority, Ontario Power Generation and Poland’s Synthos Green Energy agree to partner in advancing the global deployment of the GEH BWRX-300 small modular reactor, World Nuclear News reported Friday. The four groups will collaborate in the development of the BWRX-300 standard design and detailed design for key components, including reactor pressure vessel and internals. Each contributor said they will fund part of the overall cost of development of a standard design, which GE Hitachi expects will require a ~$400M total investment. The collaborators agreed to form a Design…