Honeywell International Inc (NASDAQ: HON) is in the red today following a report that it’s considering splitting into two public companies: one focused on automation and the second on aerospace and defense. But famed investor Jim Cramer dubs the weakness in HON an opportunity as the Charlotte-headquartered firm seems…
US stocks have already seen significant turbulence in recent weeks but strategists continue to warn of further downside in the months ahead. The ongoing weakness could turn into a 10% correction moving forward, according to Lori Calvasina, the head of US equity strategy at RBC Capital Markets. The benchmark S&P…
In an unprecedented move, South Korea’s impeached president, Yoon Suk Yeol, was detained on Wednesday morning at his presidential residence in Seoul becoming the first sitting South Korean leader to be detained for questioning by criminal investigators. The operation followed weeks of defiance from Yoon, who had resisted multiple summons…
According to a Bloomberg report, Thailand’s Securities and Exchange Commission (SEC) is considering approving Bitcoin exchange-traded funds (ETFs) for local markets. This landmark move comes amidst growing regional competition, with countries like Singapore and Hong Kong advancing their crypto infrastructure. By opening doors to Bitcoin ETFs, Thailand aims to attract…
The Indian rupee continued its strong downward trend as the rising US dollar and bond yields affected the country’s economy. The USD/INR exchange rate has risen for 11 straight weeks and is trading at a record low of 86.53. It has jumped by over 4% in the last twelve months.…
Indian stocks have struggled this year, with the Nifty 50 index falling to ₹23,200 from last year’s high of ₹26,300. Similarly, the BSE Sensex index has moved from a high of ₹86,020 to ₹76,745. The smaller Nifty Next 50 index has been the worst performer as it entered a bear…
Boohoo share price remained under intense pressure this year as its attempts to bounce back have found substantial resistance in the past few years. It dropped to 29.20p, down from last month’s high of 39.45p. So, will Boohoo’s underperformance continue this year? Boohoo’s business has struggled for years Boohoo, the…
Lloyds share price has lost momentum in the past few months and formed a bearish pattern that may push it downwards soon. It dropped from last year’s high of 63.40p to 53.70p, as the focus now shifts to the upcoming bank earnings season in the United States. Bank earnings season…
Barclays share price has moved sideways in the past few weeks. BARC peaked, formed a double-top pattern at 272.90 in December, and dropped to 263p today. It has rallied by over 315% from its lowest level in 2020, making it one of the best-performing banking groups in Europe. So, is…
The GBP/USD exchange rate stabilized on Wednesday after the UK published encouraging consumer inflation data. It rose slightly for the third consecutive day to trade at 1.2200, up slightly from the year-to-date low of 1.2095. So, what does the UK inflation mean for sterling, and how will it react to…