Patrick Spence, CEO of Sonos Devan Burris | CNBC Shares of Sonos extended their double-digit gains into Thursday, reaching a 52-week high, after the speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations. The company’s stock was up more than 28%, in an otherwise down market. Sonos reported 33 cents
Month: November 2020
EUR/GBP is a little higher on Thursday, but has been rangebound having failed to break below the 200DMA in the mid-0.8900s. EUR traders are focused on Thursday’s EU27 Leaders videoconference, where Poland and Hungary are expected to veto the recovery fund and budget. GBP is focused on Brexit discussions, which faced a hiccup today after
Dow down -0.6%. NASDAQ down but only marginally so far The major US stock indices are down for the 3rd day in a row at the opening. The declines are led by the Dow industrial average which is currently down about 0.6%. The NASDAQ is lower but performing relatively better. The snapshot of the markets
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Gold holds some questions Gold has been tricky since the vaccine news from Pfizer and BioNtech was announced. Gold futures fell the most in one day for over 7 years. Now Moderna’s vaccine news sends a clear signal: The virus will most likely be under control next year. Where does that leave gold? A buy,
NEW DELHI: Gold and silver futures for December delivery fell on Thursday on reduced safe haven appeal, as hopes of a Covid vaccine outweighed concerns over a short-term lockdown globally. Gold futures on MCX were down 0.28 per cent at Rs 50,185 per 10 grams. Gold prices are off recent highs of Rs 56,379. Silver
Consolidative trading continue as Dollar rises in general in Asian session together, followed by Swiss Franc. On the the other hand, Sterling is reversing some of this week’s gains together with Aussie and Kiwi. News on coronavirus vaccines are unable to give investor sentiments further lift. Instead, concerns are growing on more new cases and
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia beat analyst expectations on both earnings and revenue in its fiscal fourth quarter but shares barely
At its November monetary policy meeting held on Thursday, Indonesia’s central bank, Bank Indonesia (BI), unexpectedly cut its 7-day reverse repo rate by 25bps to 3.75% from the previous 4.0%. Governor Warjiyo said that the decision took into account low inflation, external stability and to support economic recovery. more to come …
S&P index and Dow industrial average closed down around -1.10% The major indices slip lower in trading today after earlier gains. Russell 2000 and down transports at record intraday high, but are closing lower S&P and Dow industrial average each fall around -1.16% All S&P sectors closed lower utilities healthcare and energy were the hardest
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Major players in U.S. crypto lobbying are coming out in defense of non-custodial wallets. On Tuesday, the Blockchain Association released a new report presenting policy options for self-hosted wallets to regulators. On Wednesday, Coin Center published an expert view by Jai Ramaswamy, also defending such wallets. The Blockchain Association is a trade organization for the
Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade. Silver prices also declined Rs 532 to Rs 62,639 per kilogram
Dollar and Euro are both trading mildly lower in a relatively subdued, consolidative markets today. Yen and Kiwi are, on the other the stronger ones. There is no clear sing of range breakout yet. Pfizer provided another piece of upbeat news on coronavirus vaccines. The final results from late-stage trial has completed with 95% effectiveness.
Atlanta Federal Reserve President Raphael Bostic said the central bank is prepared to step in with more policy help if needed to help businesses and people get through what could be some tough months ahead. Even with the prospects of at least two vaccines becoming available in the coming months, Bostic said there are multiple
People wearing masks avoid social distancing as they wait in line to enter Target in Herald Square amid the coronavirus pandemic on May 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Target is set to report its third-quarter earnings on Wednesday before the bell. Here’s what Wall Street is expecting in the
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