December 2023 - Page 80 of 232 -

Alphabet Stock Up 2.3% At Market Open After Reports Of Restructuring At Google

Dec 20, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Shares of Google’s parent company Alphabet advanced 2.3% at the market open after the reports of its ad sales unit restructuring.Shares of Alphabet (Nasdaq: GOOGL) climbed 2.3% at the market open on Wednesday after The Information reported that Google plans to reorganize its ad sales unit. The move comes amid increasing reliance on […]

Sensex Today Tanks 930 Points; SmallCap Index Sheds 3.5%

Dec 20, 2023 Jeremy Parkinson Finance 0

After a gap-up opening, the markets experienced a heavy sell-off from all-time high levels and ended the day in deep red.Indian benchmark indices ended lower after traders chose to book profits amid concerns over valuation and overbought signals.In percentage terms, today’s decline in Nifty was the biggest single-day loss since October 26. In the last […]

Wednesday Reversal – Time For A Pullback

Dec 20, 2023 Jeremy Parkinson Finance, No picture 0

Sorry, but it’s time for reality.I know no one wants to hear that so close to Christmas but, as I noted for our Members yesterday, several things are happening at the same time and one of them is the Dollar completing a 5% correction (107 to 101.65) from which it bounces to 102.72 (weak) and 103.79 (strong) and that’s going to […]

Elliott Wave Technical Analysis: Texas Instruments Inc. – Wednesday, Dec. 20

Dec 20, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Texas Instruments Inc., Elliott Wave Technical AnalysisTexas Instruments Inc., (NYSE: TXN): 4h Chart 20 December 2023TXN Stock Market Analysis: We have been looking for a continuation higher and we kept correcting sideways, signifying the trend is still to the upside. Looking for a continuation higher into a complete five wave sequence. TXN Elliott […]

AI And The Economy: Business Models Will Change Rapidly

Dec 20, 2023 Jeremy Parkinson Finance 0

Photo by Steve Johnson on Unsplash Artificial intelligence will impact pretty much all business activity in the economy. Some functions will be less impacted by the current crop of large language models, such as Chat GPT, Bard, and Claude, but even the lightly affected companies will change some of their operating procedures to take advantage of new capabilities.Biologists […]

The Stock Market Is Priced For Perfection, FDX -11% Premarket

Dec 20, 2023 Jeremy Parkinson Finance 0

To be honest, it’s hard to find reasons to be bearish on stocks right now. The Federal Reserve essentially declared “Mission Accomplished” in its war against inflation last Wednesday. And they appear to have accomplished this without tipping the economy into recession setting up the proverbial soft landing. The Magnificent 7 masked a lot of underlying weakness […]

Less Appetite For Dutch Hospitality In 2024

Dec 20, 2023 Jeremy Parkinson Finance 0

The outlook for the Dutch hospitality industry is bleak, with minimum volume growth of 1%. After a major catch-up in 2022 and early 2023, consumers will take a step back in 2024 in terms of restaurant and hotel visits. Price increases in 2024 are inevitable due to higher personnel costs.Freepik Hospitality returned to stable growth in 2023After […]

XAU/USD Gold Price Analysis Today: US Dollar Weakness Still Supports Gold

Dec 20, 2023 Jeremy Parkinson Finance 0

Pressures on the US dollar is still helping gold prices XAU/USD to rebound higher and maintain the psychological resistance of $2,000 per ounce. Technically, the gains of the rebound this week reached the resistance level of $2,047 per ounce. Consequently, financial markets have been greatly affected by the change in the US central bank’s policy in considering starting to […]

Polish Manufacturing Struggles To Overcome Weakness

Dec 20, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay The economic recovery has continued in Poland, but manufacturing remains a weak spot amid poor external demand. The decline in producer prices has deepened, allowing for cautious optimism in tradable goods disinflation Industrial production is still weakIndustrial output fell by 0.7% year-on-year in November, following an increase of 1.9% YoY in October (revised). Similar […]

GBPUSD Slides Below 1.27 Amid Weaker UK Inflation

Dec 20, 2023 Jeremy Parkinson Finance 0

UK Inflation bolsters summer rate cut bets…Today’s UK CPI data came in much lower than expected for November, which bolstered bets for BoE rate cuts in the summer of 2024. The UK’s headline inflation rate dipped below 4% for the first time since October 2021. The fall to 3.9% from 4.6% appears to be broad […]