Category Archive: Finance, No picture
EU Watchdogs Muck Up Amazon’s Messy IRobot Cleanup
Amazon.com’s (AMZN) attempts to swallow a robot vacuum maker are in danger of leaving a bigger mess. More than a year after the e-commerce giant announced a now-$1.4 billion takeover of iRobot (IRBT), the European Commission has warned the tie-up could shut the door on rivals to the Roomba maker. The concerns speak to ongoing worries over […]
Cigna May Soon Merge With Humana
Image Source: Unsplash Cigna Group (NYSE: CI) is trending down at writing following a report that it may soon merge with peer Humana Inc (NYSE: HUM). Cigna and Humana are discussing a potential merger Anonymous sources told the Wall Street Journal today that two of the largest U.S. health insurers are “in talks” over a stock-and-cash deal.Neither of […]
FOMO Is Back, Baby
Image Source: Unsplash FOMO is Back, Baby! Traders have decided that even though it’s still earning nearly 5%, cash is trash compared to quick profits in a wide variety of risk assets.Remember, market movements hinge on the equilibrium between fear and greed. While the “F” in “FOMO” is fear, FOMO is actually a manifestation of greed. Nervousness […]
JP Morgan Forecasts $30 Silver In 2024
Image Source: Unsplash The recent gold and silver rally has continued again this week, with the gold price now up to $2045, while silver has broken above the $25 mark. A far cry from just 2 months ago when both precious metals were languishing, with gold in the $1830s while silver ticked below $21 per ounce.Although […]
Softs Report – Wednesday, Nov. 29
COTTON General Comments: Cotton closed a little higher in recovery trading and trends remain down in this market. The export sales report was positive for prices once again last week. The US Dollar has been weaker and economic data has been positive. The weekly export sales report was strong. There are still many concerns about […]
3 Funds To Boost Your Portfolio On Soaring Holiday Season Sales
Image Source: Unsplash The holiday season has started on a positive note for retailers, with Black Friday and Cyber Monday sales hitting new highs. Retailers bank heavily on the holiday season, and it appears that consumers are spending lavishly this year, too, despite inflationary pressures.The holiday season was already projected to be impressive and expectations are […]
Real Estate Cycle Hitting Hard
Image Source: Unsplash Each week, more people realize they have too much overhead and need to cut costs. Our family knows several people in all different age groups who bought or borrowed against real estate during the pandemic and are now trying to sell. It’s not going well. It is a very stressful, sad time, and […]
AUD/USD Declines As US GDP Surpasses Forecasts, Australian Inflation Cools
Image Source: Unsplash The Australian Dollar (AUD) extended its earlier losses against the US Dollar (USD) on Wednesday after the US economy in the third quarter, grew at a faster pace than expected, suggesting the US Federal Reserve’s job is not done. That, along with a softer Australia’s inflation reading, weighed on the AUD/USD, which trades at […]
Foot Locker Stock Popped 20% On Wednesday
Image Source: Unsplash Foot Locker Inc (NYSE: FL) popped 20% this morning after reporting a surprise beat on both top and bottom lines in its third financial quarter. Foot Locker stock up despite lowered earnings outlook The sportswear retailer now forecasts sales to drop by up to 8.5% this year versus up to a 9.0% decline it had […]
Analytical Overview Of The Main Currency Pairs – Wednesday, Nov. 29
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0953 Prev Close: 1.0991 % chg. over the last day: +0.34 % EUR/USD rose by 0.34% on Tuesday and reached a 3-month-high. Hawkish’s comments from the ECB Governing Council representative and Bundesbank President Nagel boosted the euro on Tuesday when he said that the ECB has not […]
