Didi is delisting in New York. Here’s what happens if you own a delisted stock
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Although Didi’s situation is plagued by company-specific factors,...
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982
Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. The consumer price index, which measures the cost of a wide-ranging...
Stocks making the biggest moves midday: Costco, Oracle, Peloton and more
Shopping carts are lined up in front of a Costco store on February 25, 2021 in Inglewood, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading Friday: Costco — Costco shares rose more than 6%...
Week Ahead – Fed Kicks Off Central Bank Extravaganza
Global markets will enter the holiday season with a bang, as the upcoming week features five central bank decisions and a heavy barrage of data releases. The Fed will get the show rolling. It will decide whether to accelerate the...
Weekly Focus – Team Dovish or Hawkish to Prevail?
The concern about omicron abated over the past week as vaccines were deemed effective against the variant with a booster shock. Preliminary analysis from the European health agency suggests the symptoms are milder than with previous variants. Furthermore, a new...
Dollar Shrugs Strong CPI Reading, Extending Sideway Trading
The multi-decade high in US CPI reading appears to be failing trigger any move in Dollar. The greenback is staying in very tight range in general. Commodity currencies are indeed trying to regain upside momentum. Yen is set to end...
New Zealand Dollar Extends Losses
The New Zealand dollar is in negative territory for a second straight day. In the European session, NZD/USD is trading at 0.6778, down 0.23% on the day. Soft manufacturing data weighs on NZD This week’s New Zealand manufacturing data pointed...
Stocks making the biggest moves premarket: Chewy, Lululemon, Beyond Meat, Peloton & more
Check out the companies making headlines before the bell: Chewy (CHWY) – The online pet products retailer’s stock tumbled 10% in the premarket after it reported a wider-than-expected quarterly loss. Sales were in line with Street forecasts, but profit was impacted...
GOLD Continues To Decline
In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to...
USD/JPY Surges On Friday
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge...
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Finance news
Beyond student loan forgiveness, here’s what the government can do to keep the rising household debt in checkOn Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt ... Read More 
Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole[The stream is slated to start at 10 a.m. ET. Please refresh the page if ... Read More 
Stocks making the biggest moves premarket: Dollar Tree, Peloton, Salesforce and moreCheck out the companies making headlines before the bell:Dollar Tree (DLTR) – The discount retailer's ... Read More |
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