Day: September 10, 2019
WeWork is worth 70% below where it last raised money, NYU’s ‘dean of valuation’ says
CEO of WeWork Adam Neumann Getty Images WeWork is worth just a fraction of where it was raising money in private markets, according to a widely followed valuation expert. Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the “dean of valuation,” analyzed the start-up’s prospectus filed …
WeWork is worth 70% below where it last raised money, NYU’s ‘dean of valuation’ saysRead More
Morning Star Candlestick: A Forex Trader’s Guide
The Morning Star candlestick is a three-candle pattern that signals a reversal in the market and can be used when trading forex or any other market. Correctly spotting reversals is crucial when trading financial markets because it allows traders to enter at attractive levels at the very start of a possible trend reversal. This article …
USD/CAD Outlook: Strong Bearish Signal Expected on Close Below Daily Cloud / Fibo Support at 1.3163/55
The pair extends weakness and is on track for close below cracked Fibo support at 1.3155 (Fibo 61.8% of 1.3015/1.3382) and below daily cloud base (1.3163) as bears regain control after Monday’s strong downside rejection and failure to close below cloud base. Bearish daily studies are supportive for further weakness, as deeply oversold stochastic continues …
September Flashlight for the FOMC Blackout Period
Executive Summary Coming off the first rate cut in a decade, the Federal Reserve Open Markets Committee (FOMC) heads into its September meeting with financial markets not so much considering whether it will cut rates again, but rather by how much and what it will provide in the way of forward guidance. At a speech …
US job openings decline for second straight month
Recruiters and job seekers are seen at a job fair. Rick Wilking | Reuters U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists’ views that job growth has peaked. Job openings, a measure of labor demand, slipped by 31,000 to …
Amazon is hiring over 30,000 workers in these 6 US cities
Amazon wants to add 30,000 people to its workforce, and it’s putting on major hiring events in six cities to recruit. Amazon Career Day will be held Tuesday, Sept. 17, in Arlington, Virginia (the company’s newly-minted second U.S. headquarters); Boston; Chicago; Dallas; Nashville and Seattle. The e-commerce giant is hiring for permanent jobs that range …
Amazon is hiring over 30,000 workers in these 6 US citiesRead More
Sterling Lifted Mildly by Job Data, Markets Steady Overall
The financial markets are generally steady today, with stock and bond markets bounded in tight range. Most major currency pairs and crosses are also staying inside yesterday’s range. Swiss Franc is currently the firmer one, followed by Sterling is mildly firmer on solid employment data, but upside is capped. Meanwhile, New Zealand Dollar leads Australian …
Sterling Lifted Mildly by Job Data, Markets Steady OverallRead More
FTSE At Key Support As Parliament Suspension Begins
The FTSE has lagged its European and US counterparts in recent days. Paradoxically, its underperformance has not much to do with Brexit-related uncertainty. Given that a large proportion of profits for FTSE 100 companies is made in dollars, the recent strength of the pound has hurt the index. But with the parliament now suspended for …
FTSE At Key Support As Parliament Suspension BeginsRead More
WTI Oil Outlook: Price Continues To Advance On Optimism Of Extended Production Cut
WTI oil extends advance and holds in green for the fifth straight day, with bulls establishing above $58 mark and posting new six-week high at $58.38 on Tuesday. Fresh optimism on OPEC+ group attempts to extend production cut keeps the price well supported, as Monday’s 2.4% rally resulted in close above pivotal barriers at $56.98 …
WTI Oil Outlook: Price Continues To Advance On Optimism Of Extended Production CutRead More
Yen Lower as Yields Recover, Aussie Falls on Business Confidence
Yen weakens broadly today following recovery in major treasury yields, as a sign of stabilization in sentiments. Most notably, German 10-year yield closed above -0.6% at -0.585, while US 10-year yield closed above 1.6% at 1.622. Australian Dollar is currently the second weakest, after poor business condition and confidence data. Canadian Dollar is the third …
Yen Lower as Yields Recover, Aussie Falls on Business ConfidenceRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
