Author: FX
Ceasefire hopes drove Wall Street’s biggest rally since May as the S&P 500 surged nearly 3%, oil slumped, and the dollar ended as the weakest major currency. Source link
This via Wall Street Journal info. How to turn a $4 bn company into $39 mn. Yikes. Summary:Allbirds has agreed to sell most of its business for $39 million, marking a dramatic collapse from its ~$4 billion peak valuation The deal transfers IP, assets and liabilities to American Exchange Group, subject to shareholder approval (expected Q2 2026 close) Sale price is a fraction of its 2021 IPO proceeds (~$301 million) and reflects years of weak execution and demand Shares have fallen more than 95% since listing, with another sharp drop following the announcement Strategic missteps, product failures, brand drift and…
The USD/CHF retreats after refreshing a year-to-date (YTD) high at 0.8041, but retreats below the 0.8000 figure amid growing speculation of a de-escalation of the Middle East conflict. At the time of writing, the pair trades at 0.7997, up 0.01%.USD/CHF Price Analysis: Technical OutlookThe technical picture shows that the USD/CHF remains upward-biased after clearing the crucial 200-day Simple Moving Average (SMA) at 0.7942. Even though it is trading off daily highs, the momentum supports buyers, as evidenced by the Relative Strength Index (RSI) in bullish territory, aiming higher.If USD/CHF climbs past 0.8000, the next resistance would be 0.8041. Once surpassed,…
Mar 31, 2026, 2:50 PM ETNASDAQ Composite Index (COMP:IND), NDX, QQQ, QQQM, TQQQ, SQQQ, QLD, QIDINTC, STX, WDC, MRVL, MCHP, MPWR, MELI, META, SHOP, ARMBy: Jason Capul, SA News EditorFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsroman_slavik/iStock Editorial via Getty ImagesU.S. equities rallied sharply on Tuesday, led by a broad-based surge in technology shares as investor sentiment improved on rising expectations that tensions surrounding a potential Iran conflict could ease. The Nasdaq Composite (COMP:IND) advanced 3.5% in afternoon trading, reflecting renewed Source link
The buyers in the major stock indices are stepping in after yesterday’s cycle lows and new lows for the year, sparking a relief rally. The bounce is notable, but let’s be clear—it’s still early, and there is work to do before buyers can claim meaningful control on the upside.From a technical perspective, this move is more about stabilization than trend reversal—at least for now.There are clearly defined downside levels that now serve as risk-defining support. As long as the indices can hold above those levels, buyers remain in the game and can build a case for further upside. But if…
Lam Research Corporation (LRCX) designs, manufactures, markets, refurbishes & services semiconductor processing equipment used in the fabrication of integrated circuits in the US, China, Korea, Taiwan, Japan, Southeast Asia & Europe. It comes in Technology Semiconductor sector & trades as “LCRX” at Nasdaq.LRCX favors Zigzag correction into $178.47 – $139.49 area in daily against April-2025 low. Buyers should enter there for next leg higher or at least 3 swings rally.LRCX – Elliott Wave latest daily viewIn weekly, it ended (I) of ((III)) at $113 high in July-2024 & (II) at $56.36 low in April-2025 within the rally from October-2022. Above…
Canton Strategic GAAP EPS of -$1.12 Source link
Goldman Sachs is noting that even if the US-Iran conflict were to end soon, there will be lasting impact from the surge in energy prices on markets. And that is something that perhaps currency traders have not quite fully grasped just yet.For some context, the firm is arguing that the latest jump in energy prices will not be a temporary “blip”. Instead, it is looking more and more akin to a “genuine physical disruption”. And the risk of that becoming more embedded in markets will grow as the conflict drags on for longer.The firm has already raised its TTF gas…
Deutsche Bank’s Marc Schattenberg notes that the German labor market shows little evidence of a spring recovery, with unemployment still slightly above 3 million and seasonally adjusted figures flat. He highlights that the German economy started the year weakly, structural changes in key industries continue, and recent data show job losses in manufacturing outweighing gains in services.Labor market lacks spring recovery signs”There’s not much sign yet of a spring upturn in the labor market. While the number of unemployed did decrease in March, following the seasonal pattern, it remains slightly above the 3 million mark. Adjusted for seasonal influences, the…
Microsoft plans to invest over $1B in Thailand for cloud, AI infrastructure Source link