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This week, the US dollar did not change much against a basket of its major peers, as investors shifted their focus toward minutes of the Fed’s previous meeting and US retail sales data due on Wednesday. The bounce back Last week, the US dollar had declined to lows of six weeks, but the currency has … Read more
On Monday, the safe-haven US dollar recorded gains, after a new batch of economic data from China turned out to be disappointing. This bolstered worries of a global recession, while the surprise reduction in lending rates by the People’s Bank of China (PBoC) saw the Chinese yuan weaken. Chinese data The retail sales, industrial output … Read more
On Monday, the Russian ruble recorded declines against the US dollar and slid past 61. This was after Russian companies began converting depository receipts to local shares. It was also because foreign investors from countries that have been designated as ‘friendly’ were able to make a return to the bond markets. Decline in ruble There … Read more
On Thursday, the US dollar index climbed to a high of one month, as officials of the Federal Reserve talked about the need for more interest rate hikes. Meanwhile, investors were also reevaluating the minutes of the July meeting of the US central bank released on Wednesday as being more hawkish than assumed previously. Borrowing … Read more
The latest extended trading session has brought about the demise of Bed Bath & Beyond. The share prices for the domestic merchandise retailer have tumbled as a major investor has announced selling his stake in the company. Ryan Cohen to Sell his Stake As per the sources, Ryan Cohen, an activist investor has decided that … Read more
Home Depot has just shared Q2 2022 earnings that were stronger than the expectations of the analysts. After sharing the earnings results, the share prices for the home-improvement retailer have experienced a significant push. Home Depot Shares Jumped 5.36% In the recent stock market trading session, share prices for Home Depot have jumped 5.36%. The … Read more
The share prices for Marqeta have moved downwards after an announcement about the CEO of the company. The officials at Marqeta have confirmed that Jason Gardner will no longer be the chief executive officer at the payment processing company. Marqeta Shares Dipped 24% It was recently announced that Jason Gardner, the co-founder of Marqeta who … Read more
Peloton Interactive Inc. has made sad news for its employees as it has announced it is cutting down on jobs. Peloton Cuts Jobs and Raises Prices Peloton has announced that it is closing down stores, which would result in laying off employees. As a result, Peloton will be cutting down more jobs. Peloton had already … Read more
Vlad Tenev, the CEO at Robinhood has made an announcement in regards to laying off its employees. Robinhood to Lay Off 23% of its Workforce It seems that while the cryptocurrency industry has experienced a slight uptrend, Robinhood still finding it difficult to make it over the hot waters. The company has been trying to … Read more
The Tuesday trading session has reportedly brought in mixed results from the Asian-Pacific market. It is the latest jobs data shared by the United States that has led the non-US markets to suffer from dips. The markets are still trying to digest the employment data that came out on Thursday. Although the US markets have … Read more
