Stocks making the biggest moves after hours: Ulta Beauty, Broadcom, Facebook and more
Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on...
Rep. Maxine Waters calls Wells Fargo CEO’s $2 million bonus outrageous, calls for his removal
Rep. Maxine Waters, the California Democrat who runs the powerful House Financial Services committee, called for the removal of Wells Fargo CEO Tim Sloan after news that he received a $2 million bonus as part of his 2018 pay package....
Australia: CBA switchback shows weakness of Royal Commission
Euromoney said earlier in March that the Royal Commission into banking behaviour in Australia was all shouting, little substance. And here’s the thing about banks: they can tell the difference and exploit it accordingly. On Thursday, CBA provided a “wealth...
GBPAUD Hits 1.88 after 2 ½-Years; Gains Could be Limited in Short Term
GBPAUD entered the 1.88 zone twice this week after more than 2 ½-years but the market was unable to retain gains above this mark, with the price returning to the 1.87 handle instead. The MACD has rebounded to meet its...
Japanese Yen Dips ahead of BoJ Statement
After a quiet week, USD/JPY has posted gains on Thursday. In the North American session, the pair is trading at 111.58, up 0.38% on the day. On the release front, U.S. numbers were soft. Unemployment claims climbed to 229 thousand,...
Trade Deal Delay
Presidents Trump and Xi have decided to move back a potential summit to finalize a trade agreement to April, signaling both sides still can’t reach an agreement as major issues still can’t be resolved. At the beginning of the month,...
New home sales drop 6.9% in January, in sign govt shutdown may have hurt buying
Sales of new U.S. homes slumped 6.9 percent in January, a possible sign that buyers paused during the government shutdown. The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 607,000 in January, down from...
Sterling Mixed as UK Will Decide on Brexit Delay, Aussie Dragged Down by China
Sterling turns mixed as markets await yet another vote about Brexit in the Commons today. MPs is now given a chance to vote for delaying Brexit beyond March 29. The question is whether it would be a short delay with...
WTI Oil Consolidates Under New 2019 High
WTI oil hit new 2019 high at $58.65 on Thursday (the highest since 13 Nov 2018), in extension of strong bullish acceleration on Wednesday that resulted in eventual break and close above previous highs at $57.79/85. Oil price was boosted...
US import prices rose more than expected in February as fuel prices surge
Import prices rose 0.6 percent in February, boosted by increases in the costs of fuels and consumer goods, the Labor Department said on Thursday. That was the biggest gain since May and followed an upwardly revised 0.1 percent rise in...