Oil prices were up to a two-week high on Thursday, driven by weakness in the US dollar, while the country’s record high crude exports signaled strong global demand despite the latest economic headwinds. Brent crude futures added 0.5% to $94.26 per barrel in London, while the US Texas Intermediate (WTI) crude futures jumped more than …
Oil Hits 2-Week High on Dollar’s Fall, Robust Demand Signs Read More »
US telecommunication company Comcast Corp. fared well in the third quarter, surpassing analysts’ expectations, despite a slight revenue drop and broadband customer growth remaining soft. The Pennsylvania-based firm brought in earnings per share (EPS) of $0.96 on revenue of $29.85 billion in the third quarter, ending higher than forecasts of $0.90 per share on sales …
Comcast Beats Q3 Expectations on Broadband Customer Growth Read More »
Stock futures surged forward on Friday morning. Wall Street seemed to grind out a rare positive week in what has been a volatile first half of the year. As a result, futures tied to the Dow Jones Industrial Average soared by 0.33%. Moreover, futures for the S&P 500 traded higher by 0.51%, while Nasdaq 100 …
Stocks climb higher due to Wall Street rally on Friday Read More »
U.S. stock futures tumbled down early on Thursday after the major indexes fell in the red at the end of regular trading. Investors contemplated the likelihood of a new recession after comments from Federal Reserve chair Jerome Powell. On Wednesday, Powell told Congress that the central bank is strongly committed to lower inflation after the …
U.S. stocks plunged due to recession fears on Thursday Read More »
The U.S. dollar rebounded on Thursday after lowering in the previous session. However, it still remained below the 20-year highs reached last week, a day after the Federal Reserve confirmed that it would take aggressive steps to fight soaring inflation. The agency played down the prospect of even larger rate hikes for now. The dollar …
Dollar recovered from its recent fall. What about Sterling? Read More »
The dollar index declined further from its 20-year highs on Wednesday. The forex market had already priced the U.S. Federal Reserve to raise interest rates by a half-point later in the day, as well as by some 250 basis points (bps) by year-end. Investors have settled in to wait for the agency’s 1800 GMT announcement, …
The dollar weakened Wednesday ahead of Fed’s meeting Read More »
The euro remained close to a five-year low versus the U.S. dollar on Tuesday. Investors expect the Federal Reserve to hike rates this week. They are also waiting for European Central Bank President Christine Lagarde to give some hints on her monetary policy plans. Thus far, the Fed has taken an increasingly aggressive approach to …
Euro is in the red again, along with Yuan. Will it manage to rally? Read More »
The U.S. dollar rebounded towards a 20-year high on Monday. Meanwhile, the euro continued struggling around the $1.05 point. Traders are preparing for a busy week of central bank meetings, including a possible Federal Reserve interest rate hike. The common currency came under pressure after a survey showed that eurozone manufacturing output growth stopped last …
USD remains near a 20-year high. Euro is encased in turmoil Read More »
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