Author: FX

© Reuters. FILE PHOTO: Peru’s President Dina Boluarte attends a ceremony to commemorate the Day of the Peruvian Army and the anniversary of the Battle of Ayacucho, in Lima, Peru December 9, 2022. Peru’s Presidency/Handout via REUTERS By Marco Aquino LIMA (Reuters) – Peru’s new president offered lawmakers a plan to bring elections forward by two years on Monday, after the ouster of her predecessor last week sparked protests that have left at least six dead. President Dina Boluarte, previously the vice president, was sworn in last week after former President Pedro Castillo was removed by Congress and arrested for…

Robert Way/iStock Editorial via Getty Images Chinese EV maker Zeekr, a unit of auto giant Geely, has reportedly filed confidentially for a US initial public offering that could seek to raise over $1B. The IPO filing comes as Zeekr prepares to enter the European EV market. The Geely unit was reportedly valued at around $9B during a funding round last year, according to Reuters, who cited unnamed sources close to the matter. Zeekr would be the latest Chinese EV maker to list on the US market, joining NIO (NIO), Li Auto (LI), BYD (OTCPK:BYDDF) and Xpeng (XPEV). US-based Telsa (TSLA)…

JP Morgan with the bait-type headline:(ps that link has details of the timing and expectations for the CPI data)Goldman Sachs are a little more restrained, they see gains for the S&P of above 3% if the US CPI comes in under 7%.More:a reading 7 to 7.3% would see 2 to 3% added to the S&P500from 7.4 to 7.7 sees the S&P drop 1 to 2%above 7.7% sees losses of more than 3%Goldman Sachs are wary of a big bounce for the S&P citing a lessening of the extreme bearish position that existed during the fall. This has meaningfully unwound in…

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