Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by the growth of its snacks and drinks. On the heels of its strong quarter, the Frito-Lay owner said that it expects its 2021 results to
Month: February 2021
XAU/USD falls sharply during the American trading hours. Next near-term support for gold could be seen at $1,818. RSI indicator on the one-hour chart dropped below 30. The XAU/USD pair came under heavy selling pressure during the European trading hours and dropped to a daily low of $1,823. Renewed USD strength amid rising US Treasury
S&P, NASDAQ, Russell 2000 all close lower on the day Looking at the major stock indices, the Dow industrial average is the only one positive. It also closed at a record high level. Other highlights for the day included: The S&P fell for the 2nd day in a row The NASDAQ index snapped a 4 day
Lockdown in Germany has been extended to 7 March The daily case count is the highest in five days but it is on the lower side when compared to the December and January figures by quite a stretch. This continues to point to further moderation in the virus situation in Germany, with active cases falling
NEW DELHI: Gold and silver futures prices declined on Thursday tracking international prices as a weaker than expected rise in inflation put pressure on prices. Improving economic conditions also led to diversion of funds. US consumer prices rose moderately in January as higher gasoline prices were blunted by a slump in airline fares amid a
The forex markets are rather quite in Asia today, following subdued trading elsewhere. Dollar’s decline is slowing but it remains the worst performing major currency so far, followed by commodity currencies. Sterling and Yen are the stronger ones this week, as both are supported by rallies in respective treasury yields. Though, Swiss Franc is surprisingly
A delivery truck driver unloads Coca-Cola Co. soft drinks in Lawrenceburg, Kentucky, U.S., on Monday, Feb. 10, 2020. Luke Sharrett | Bloomberg | Getty Images Coca-Cola is expected to announce its fourth-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 42 cents expected Revenue: $8.63
EUR/GBP remains pressured towards the monthly bottom, also nine-month low. Key HMAs, weekly resistance line guard immediate upside. Bears eye April 2020 low during further weakness. EUR/GBP remains on the back foot, down 0.06% to 0.8755, despite the latest corrective pullback from an intraday low of 0.8753 during early Thursday. In doing so, the quote
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Down on the day after move above topside swing area yesterday failed The NZDUSD yesterday moved to the highest level since January 8 when it breach the 0.7247 swing high level from January 26. That’s the bullish news, the not so bullish news is the price can only extend to 0.72535 on the break. That is not a
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Twitter may be the next major company to purchase Bitcoin, according to the tech firm’s chief financial officer. In an interview on CNBC’s Squawk Box today, Ned Segal, who has served as the CFO of Twitter since 2017, responded to questions about how Twitter would react to Tesla’s recent $1.5 billion Bitcoin (BTC) investment this
NEW YORK: Oil rose on Wednesday, extending its rally for a ninth day, its longest winning streak in two years, supported by producer supply cuts and hopes vaccine rollouts will drive a recovery in demand. US crude inventories fell unexpectedly in the week, dropping 6.6 million barrels according to the Energy Information Administration, compared with
Dollar’s selloff continues in early US session and it’s extending after weaker than expected core CPI reading. Sterling is lifted by strength in UK yield today, with 10-year Gilt yield hitting as high as 0.494 so far. It could try to take on a pre-pandemic floor of around 0.50%. Currency markets are relatively mixed elsewhere,
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of inflation, or a year-over-year gain of 1.5%, according to Dow Jones. Excluding food and energy,
GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM General Motors is set to report its fourth-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates
Midway through trading Wednesday, the Dow traded down 0.07% to 31,355.00 while the NASDAQ fell 0.46% to 13,943.81. The S&P also fell, dropping 0.23% to ,902.13. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 27,192,910 cases with around 468,200 deaths. India confirmed a total of
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