Author: FX
Gladstone Commercial decreases monthly dividend by -20.3% to $0.10/share Source link
By Daniel Wiessner (Reuters) – A lawsuit filed Tuesday accuses six state-run medical schools in Texas of violating federal anti-discrimination laws by giving preferences to female and non-Asian minority applicants. The lawsuit by George Stewart, a white man who was denied admission to the schools, is the latest challenge to affirmative action policies that are commonly used by U.S. schools to boost enrollment of Black, Hispanic and female students. The U.S. Supreme Court’s conservative majority in October seemed skeptical of the legality of race-conscious admissions policies in cases involving Harvard University and the University of North Carolina. The University of…
The CPI is two sleeps away for traders until it’s release on Thursday morning at 8:30 AM ET, but the forex market was not in the mood to move far today. The EURUSD only had a 37 pip trading range coming into the trading day and extended that to 47 pips in the US session but that was still well short of the average seen over the last month of trading ( 92 pips). Looking at the ranges today and comparing them to the 22 day averages (about a month of trading) showed that apart from the EURGBP which had…
Indices Talking Points:Yesterday’s sell-off ran down to supports in the S&P 500, Nasdaq and Dow.Prices held that support earlier in today’s session before pushing a rally in the afternoon. The stage is still setting for the CPI report set to be released on Thursday morning.The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Recommended by James Stanley Get Your Free Equities Forecast US equities showed a bearish reaction mid-day in yesterday’s session. What started out as a bullish breakout to start the…
Broadrige Financial, LiquidX launch outsourcing solution for trade finance Source link
What you need to take care of on Wednesday, January 11: The FX board saw little action on Tuesday amid a scarce macroeconomic calendar and as investors await some central banks’ clarity. US Federal Reserve Chief Jerome Powell and his counterparts from Canada and Japan were on the wires, although as part of a symposium on central bank independence, giving no fresh clues on monetary policies. The US Dollar advanced throughout the first half of the day but ended it mixed as Wall Street managed to revert pre-opening losses and posted a modest advance. At the same time, US government…
© Reuters. FILE PHOTO: A representation of cryptocurrency is seen in front of Coinbase logo in this illustration taken March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Manya Saini and Niket Nishant (Reuters) -Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since last year. The company, whose shares were up 3.3% at $39.52, said it expects to incur about $149 million to $163 million in restructuring expenses. “The entire industry is going through a crisis…
The major US stock indices are picking up some steam to the upside. The major indices are near their highs on the day.A snapshot of the market currently shows:Dow Industrial Average up 128 points or 0.3% at 33645.52 S&P index of 21.96 points or 0.56% 3914NASDAQ index up 90.78 points or 0.85% at 10726.01S&P index moves back above its 200 hour moving averageLooking at the hourly chart of the S&P index, the prices move back above its 200 hour moving average currently at 3905.43. On Monday, the price gap above the level reaching a high of 3950.57 before rotating back…
Reuters reported that the European Central Bank’s governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end. ”The central banker, who was answering Portuguese legislators during a committee hearing in Lisbon, added even though inflation may have some resistance in January and February it will resume falling in March.” Key notes We are approaching the end of the interest rate rise process. Inflation may have some resistance in January and February but will fall again in March. EUR/USD update EUR/USD Price Analysis: Bulls could be running into a trap EUR/USD is…
Justin Sullivan/Getty Images News Bloom Energy (NYSE:BE) +9.2% and Stem (NYSE:STEM) +14.5% after Morgan Stanley upgraded both names to Overweight from Equal Weight with respective $35 and $15 price targets, as the Inflation Reduction Act and the expected easing of supply chains in battery storage provide a path to profitability in 2023. Current “highly discounted valuations” do not reflect strong multi-year growth and margin improvement for clean tech that likely will result from the IRA in 2023, Morgan Stanley’s Stephen Byrd wrote. For Bloom Energy (BE), the analyst anticipates a strong setup into 2023 as the company gains operating leverage…