Stocks making the biggest moves after hours: Skechers, Mattel, Columbia Sportswear and more
Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents...
Ocasio-Cortez’s Green New Deal offers ‘economic security’ for those ‘unwilling to work’
The Green New Deal that Democrats proposed Thursday looks to create a more environmentally sound country with economic benefits for everyone — even those who don’t want to work. An overview circulated by proponents states the plan seeks a “massive...
Bank investors are looking everywhere for the next mega-deal, with this one wrinkle
After BB&T and SunTrust’s $66 billion merger announcement got a warm reception from markets Thursday, analysts and investors are scurrying to figure out which banks will be next. The key to the deal’s positive reaction is that it’s been labelled...
Japanese Yen Slightly Lower, Investors Await Japanese Consumer Releases
USD/JPY has edged lower in the Thursday session. In North American trade, the pair is trading at 109.77, down 0.19% on the day. On the release front, unemployment claims dropped to 234 thousand, but this was above the estimate of...
Euro Recovery Turns Sour Again as Recession Risks Grow; Will ECB Come to Rescue?
The euro’s slow recovery against the US dollar from November’s 16½-month low appears to have stalled as the outlook for the Eurozone economy grows grimmer by the day with no sign yet that a turnaround is around the corner. Expectations...
MARKET WRAP: European Stocks Dropped, Sterling Jumped & Euro Dropped
Sterling went on a roller-coaster ride today as Bank of England delivered its statement. Equity investors are on the edge due to the threat of another U.S. government shutdown Stocks The S&P 500 is building on its losses on top...
Sterling Recovers Early Losses on Carney Optimism
Mark Carney and his colleagues, like the pound, came through the Bank of England meeting relatively unscathed it seems, although when it comes to the latter, there were some hairy moments. The event got off to quite a shaky start...
Sterling Survives Dovish BoE Selloff for Now, Yen Staying Strong
It’s a very volatile day with two market moving events in BoE Super Thursday and EU economic forecasts. Sterling initially dived sharply after BoE downgraded economic forecasts and painted a slower rate path. But the Pound appears to rebound after...
GBPCAD Stops Below 40-SMA; Stands in Ascending Channel
GBPCAD is holding below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the resistance level of 1.7530 – a seven-month high reached on January 25. The pair has been trading within an ascending...
GBPUSD Remains Vulnerable To The Downside On Bear Pressure
GBPUSD remains vulnerable to the downside as more weakness is expected in the days ahead.Support is seen at 1.2900 level. Further down, support comes in at the 1.2850 level where a break will turn focus to the 1.2800 level. Further...
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