Stocks making the biggest moves after hours: EGN, TEVA & more
Check out the companies making headlines after the bell: Energen surged more than 7 percent in after-hours trading after Diamondback Energy announced it was acquiring the oil and gas company for about $9.2 billion, including debt, or $84.95 per share....
Cramer: The ‘tide has turned’ against bitcoin
Bitcoin may be losing its spark as it cracks below $6,000, according to CNBC’s Jim Cramer. “I think the tide has turned against it,” Cramer said Tuesday on CNBC’s “Squawk on the Street”. “I’m not saying its time has passed...
Mid-US Session Update: Dollar resumes rally against EUR, GBP, AUD; European Indices closed in red
Dollar surges broadly in the first half of US session. EUR/USD, GBP/USD and AUD/USD all resumes recent fall after brief consolidations. Dollar is trading in red against Canadian and New Zealand Dollar. But we can disregard Kiwi as it’s just...
Square takes upper hand in payments battle as Cash app downloads surpass PayPal’s Venmo
Cumulative downloads of Square’s Cash app have surpassed those of Paypal’s Venmo for the first time after a monster July, according to data from Sensor Tower and Nomura Instinet. Cumulative downloads for the Cash App now total 33.5 million, exceeding...
Lira, EM Currencies Calmer; UK Wages Disappoint and EZ GDP Beats
The markets were a little calmer in the first half of today’s session as the Turkish lira finally stopped falling, while the pound staged a short-lived bounce in the aftermath of mixed-bag UK data. The dollar was little-changed, rising most...
No Rebound in Euro and Sterling after Mixed Data, Yen Retreat Continues
Some important economic data were released during the European session. But they provide little lift to Euro and Sterling. In particular, even though UK unemployment rate dropped to 43 year low, deceleration wage growth gives no pressure to BoE to...
Import prices were flat in July, suggesting a strong dollar kept inflation pressures in check
U.S. import prices were unexpectedly flat in July as a surge in the cost of fuels was offset by weak prices elsewhere, suggesting a strong dollar was keeping imported inflation pressures in check. The Labor Department said on Tuesday the...
US economy is expected to accelerate this year, then slow in 2019: CBO
U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 percent target as a fiscal stimulus fades, congressional researchers projected on Monday. In an updated economic outlook, the nonpartisan Congressional Budget...
Don’t Look At The Bad Side Of Gold | What Is Supporting Oil Price?
Dark clouds are back again but look further than this The greenback is way overbought Oil price is firmly holding on to its gain The perfect definition of tapering means that it keeps all the bull rallies for gold in...
TRY Bounces Back As Risk Sentiment Stabilises
Turkey’s bounce As emerging-market currencies quake, now could be an opportunity to bargain hunt. Turkey has bounced back: the market has lost its appetite for pushing TRY further, as USD/TRY 1 month at-the-money volatility stands at a whopping 60. Argentina,...
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