June 14, 2024
US weekly jobless claims at 10-month high
The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and keeping hopes of a September interest rate cut from the Federal Reserve alive.
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June 13, 2024
Sterling edged higher as investors look beyond soft growth figures
The pound edged higher even as data showed economic growth stagnated at the start of the second quarter, as analysts looked beyond one-off factors and still expected the economic recovery to gather pace in the coming months. GBP/USD gained 0.4% in the last session.The ROC is currently in positive territory.Support: 1.2685 | Resistance: 1.2781
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June 13, 2024
Netflix Stock Outlook Analysis
Netflix, Inc. Common Stock is estimated to report earnings on 07/17/2024. This date is derived from an algorithm based on the company’s historical reporting dates and may be revised by Zacks Investment Research once the actual earnings date is announced. According to Zacks, based on forecasts from 10 analysts, the consensus EPS for the quarter […]
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June 13, 2024
Tesla’s stock skyrocketed 3.5%
Shares of Tesla skyrocketed 3.5% in the last session. The ROC is giving a positive signal.Tesla’s stock skyrocketed 3.5% in the last session.The ROC is currently in the positive zone.Support: 163.6133 | Resistance: 178.2333
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June 13, 2024
Oil settles up with ongoing Middle East tensions
Oil settled higher as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December capped gains, following the Federal Reserve’s statement concluding its two-day meeting. WTI/USD saw a minor rise of 0.2% in the last session.The Williams indicator is currently in the positive […]
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June 12, 2024
GM cuts EV production forecast
General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan, as the automaker banks on demand from its gasoline-powered models. GM now projects the higher end of its 2024 EV production to be 250,000 units.
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