September 29, 2021 8:49 am
In the last US trading session the bears ruled, sending the Dow with 1.66% to 34292.21, the S&P down with 2.05% to 4352.03 and the Nasdaq Composite down to 422.27, shedding off 2.82% from its market value. The 10 year Ts are continuing to climb to a 3 month hi, reaching 1.558%. All sectors and […]
Read moreSeptember 29, 2021 7:48 am
Endeavor Group Holdings Inc (EDR), which owns the Ultimate Fighting Championship, said earlier this week that it would acquire sports betting business OpenBet from Scientific Games Corp in a $1.2 billion cash and stock deal. Endeavor also said it would combine OpenBet with its existing sports betting business IMG ARENA. The acquisition is expected to […]
Read moreSeptember 28, 2021 7:34 am
ASSA ABLOY said on Monday that it had signed a definitive agreement to acquire Arran Isle, a leading designer, manufacturer and distributor of door and window hardware in Ireland and the United Kingdom. The acquisition is expected to be finalized during the fourth quarter of 2021, subject to regulatory approval and customary closing conditions. “I […]
Read moreSeptember 28, 2021 6:19 am
The market ended mixed yesterday with Dow Jones, S&P500, Nasdaq, Gold, Crude Oil and Bitcoin with 0.20%, -.28%, -.52%, flat, 0.9%, -3.1% respectively and a multy-colored picture in the stock sectors. The VIX , volatility index, which can be traded as VXX ETF on BATs exchange, has gained almost 1%. In the forthcoming days, as […]
Read moreSeptember 27, 2021 7:26 am
Last week Nike Inc (NKE) revised down its fiscal 2022 sales forecast and said it expected delays during the busy holiday shopping season due to a supply chain crunch. The company now projects full-year sales growth in the mid-single digits, compared with the low-double-digit growth it had forecast previously. The sporting goods manufacturer also said […]
Read moreSeptember 27, 2021 6:54 am
The last trading week was torn up between pretty big events such as the FOMC meeting, the Chinese Evergrande giant pending for bankruptcy, and the cryptocurrency transactions ban in China. The fears for world contagion risks from Evergrande are perceived in a pretty calm manner from traders and investors so far, but the Chinese government […]
Read moreSeptember 24, 2021 7:20 am
Workhorse Group Inc (WKHS) said earlier this week that deliveries of its flagship C-1000 electric van would be suspended, because additional tests and modifications were required for the vehicle to comply with regulatory standards. The company said that it would recall the 41 vans it had already delivered, regardless of that no reports of safety […]
Read moreSeptember 24, 2021 6:12 am
After a breakdown of the press conference and the FOMC statement, it turns out that a considerable amount of members are prone to tightening of the easy liquidity in 2022. Nine out of 18 governors in the Committee are set for an interest rate increase in 2022, by contrast of June statements for a pending […]
Read moreSeptember 23, 2021 9:37 am
Today the most market-expected event is the FOMC statement with insights on inflation, economic growth and a breakdown fo individual FOMC member’s interest rate forecasts. In recent previous statements the Fed has expected a below 3.5% PCE increase by the end of the year, despite the “temporary” surge of 3.9%. The S&P500 index just reached […]
Read moreSeptember 23, 2021 7:27 am
Macy’s Inc (M) said earlier this week that it intended to hire nearly 76,000 full-time and part-time workers at its stores, call centers and warehouses ahead of the busy holiday shopping season. The announcement indicated a return to hiring levels from before the coronavirus pandemic. Seasonal hiring plans also indicate retailers’ sales expectations for the […]
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