Oil prices climbed on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China’s COVID-19 curbs and weak global growth continued to limit gains. Brent crude futures rose $2.72, or 2.9%, to $95.08 a barrel by 0900 GMT and U.S. West Texas Intermediate (WTI) crude futures
Month: September 2022
“Quiet quitting” is having a moment. The trend of employees choosing to not go above and beyond their jobs in ways that include refusing to answer emails during evenings or weekends, or skipping extra assignments that fall outside their core duties, is catching on, especially among Gen Zers. Zaid Khan, 24, an engineer from New
Next week, the Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25%. Analysts at TD Securities look for the BoC to deliver a 75 basis point hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI running well above
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The major US indices are all closing lower. The NASDAQ is down for the 6th’s consecutive day. The index is down -7.98% from the closing level on August 25 The S&P and Dow industrial average fell 5 the last 6 trading days Energy led the S&P 500. Communication services was the big loser S&P 500
Markets: NZD leads, GBP lags S&P 500 down 42 points to 3924. Down 3.3% for the week Gold up $14 to $1709 US 10-year yields down 7 bps to 3.19% WTI crude down 43 cents to $87.04 The day was cut in half for US traders with two completely different themes. Early on, the jobs
Gold in the national capital rose by Rs 47 to Rs 50,729 per 10 grams on Friday amid a rise in international precious metal prices along with depreciation in rupee, according to HDFC Securities. The yellow metal had closed at Rs 50,682 per 10 grams in the previous trade. Silver also jumped by Rs 496
Dollar is extending recent up trend against Yen after non-farm payroll report, but struggles to gain against others so far. Instead, Euro shines again on news that Russia looks set to resume gas supplies to Europe through Nord Stream 1. The common currency is retaining its number one place for the week so far, followed
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The August jobs report showed the U.S. unemployment rate rise across the board. Meanwhile, Black workers marked the only demographic to see their labor force participation fall. The unemployment rate rose 0.2
Lululemon Athletica stock soared 10% after fiscal Q2 earnings, revenue beat. Wall Street expected EPS of $1.87 on revenue of $1.77 billion. LULU reported FQ2 EPS of $2.26 on $1.87 billion in sales. And they have done it again! Lululemon Athletica (LULU) burst out of its shell to advance 10% in Thursday’s extended trade after the athleisure brand showed
The Dow and the S&P snapped a 4 day losing streak with late day buying ahead of the jobs report tomorrow . The Nasdaq index was still down on the day and closed lower for the 5th consecutive. The good news is the market opened lower, the prices moved even lower before rotating higher and
On the balance of things, the downside bias is still holding but sellers will have to keep below parity to ensure a stronger momentum. In a time when the dollar is still the cleanest shirt among the dirty laundry, it is hard to see the pair move significantly higher – especially since the euro outlook
Decentralized crypto derivatives exchange dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its facial recognition requirements for new users. The exchange, however, simply cited “overwhelming demand” as the reason for its short-lived promotional campaign, which ended on Thursday “effective immediately.” Due to extremely
NEW DELHI: Gold prices edged higher on Friday but were headed for a straight third weekly drop. Gold futures on were trading flat, up 0.08 per cent or Rs 39 at Rs 50,109 per 10 grams. However, silver futures gained 0.21 per cent or Rs 113 to Rs 52,715 per kg. Patnaik, Head – Commodities,
With risk-off sentiment and rising treasury yields, Dollar is extending recent rally as focus now turns to US non-farm payrolls report. 2-yaer year hit the highest level since 2007 overnight while 10-year yield also breaks above 3.2 handle. While Dollar is strong, Euro is also resilient, holding in range against the greenback and maintaining most
In this article LULU Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Lululemon Athletica Inc. on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as shoppers stocked up on workout gear even as surging prices have hurt other retailers’ apparel sales. The company also raised its outlook for the year. Shares
Gold price re-attempts $1,700 amid a dead cat bounce, pre-NFP caution. Aggressive global tightening bets, China covid lockdowns keep investors on the edge. XAU/USD closed Thursday below $1,700, bears target $1,681 and $1,677. Gold price is attempting a dead cat bounce from six-week lows of $1,689, as investors reposition in the run-up to the