Stocks making the biggest moves after hours: Restoration Hardware, Smartsheet and more
Check out the companies making headlines after the bell: Restoration Hardware shares jumped over 22 percent in the extend session after reporting quarterly earnings. The furniture company raised its fourth quarter and fiscal year revenue guidance. Though Restoration Hardware said...
US-China trade war is not over, says investor Mark Mobius
Noted investor Mark Mobius is betting that the U.S-China trade war is not coming to an end. The truce between the two countries is “good news but I don’t think it’s over,” the co-founder of Mobius Capital Partners told CNBC...
Costco downgraded as members-only retailer faces higher sales hurdles
Tougher sales comparisons and food price deflation at Costco will cut into performance in 2019, according to Citigroup, which downgraded the membership-only retailer to neutral on Monday. Citi analyst Kate McShane expects Costco to be a “standout” next year but...
U.S. Manufacturing Activity Rebounds in November
The Institute for Supply Management (ISM) manufacturing index rose 1.6 percentage points to 59.3 in November. Markets were expecting a tiny tick down to 57.6 from October’s 57.7 value. With the exception of supplier deliveries, which has declined for two...
Trade Wars Armistice Counted Against USD
The currency market started December against the USD. On Monday morning, the major currency pair is trading upwards as investors have no interest in the American currency as a “safe haven” asset. It happened after G20 summit, where the USA...
USDTRY Outlook: Lira Weakens after Repeated Rejections at 200SMA; Higher Oil Prices and Overextended Studies add to Negative Outlook
The USDTRY ticked higher on Monday and probes through falling 10SMA (5.2644), after the downtrend was rejected above 200SMA (5.1216) for the third straight day. Lira was weaker on risk appetite after US/China tariff ceasefire agreement that pushed the dollar...
US factory activity jumps in November while construction spending falls for third month
U.S. manufacturing activity rose more than anticipated in November but construction spending was worse than expected, falling for the third straight month. The ISM manufacturing PMI index hit 59.3 in November, better than the 57.8 expected by economists polled by...
US 500 Index Rises above SMAs after Gap Up
The US 500 index opened higher today as it posted a positive gap, surpassing the 50- and 200-simple moving averages in the daily chart. The index is set to complete the sixth green day in a row after the rebound...
Major Wall Street economists have their doubts trade cease-fire will lead to actual deal in 90 days
Wall Street traders may be exuberant Monday over the decision to pause the trade war between the U.S. and China, but economists across the marketplace aren’t convinced the delay will lead to a permanent solution. It will still be “challenging”...
Mnuchin says Trump ‘liked’ Fed chief Powell’s market-boosting speech
Treasury Secretary Steven Mnuchin told CNBC on Monday that President Donald Trump was pleased with Federal Reserve Chairman Jerome Powell’s speech that eased fears of a more aggressive policy on interest rate hikes. The central bank has already raised rates...
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