British retail sales rebounded unexpectedly in June, with shoppers increasing their spending on air conditioning and clothing.The rise added to signs of stronger economic activity during warmer weather and the soccer World Cup, according to data released by the Office for National Statistics.Retail sales volumes increased 1.0% in June, the…
Morgan Stanley stock has wavered recently, evem as the Wall Street company published strong financial results. MS was trading at $218, a few points below its all-time high of $232. This consolidation may lead to a strong rebound after a major Goldman Sachs prediction.Key Goldman Sachs prediction may boost MS…
Texas Instruments stock fell more than 5% in premarket trading, despite reporting strong quarterly earnings and raising its forward guidance. TXN dropped to $280, leaving the stock more than 16% below its highest level of the year. So, will the pullback continue, or is the stock poised for a rebound?Texas…
Intel stock jumped in the extended hours as the company published strong financial results and boosted its forward guidance. INTC soared to $110, a significant increase from this month’s low of $89.65. What next for these shares?Intel stock jumps after strong earningsINTC shares jumped after the semiconductor giant published strong…
European markets retreated today, July 23, as traders waited for the European Central Bank (ECB) decision and reacted to some important corporate earnings from the region.In Germany, the DAX Index slipped by 42 basis points, while France’s CAC 40 declined by 85 basis points. Despite the pullback, the DAX remains…
Investors have largely shifted their attention away from the Magnificent 7 companies as enthusiasm has moved toward semiconductor stocks and the broader artificial intelligence trade. The Roundhill Magnificent 7 ETF (MAGS) has gained just 0.68% this year, significantly underperforming the S&P 500 and Nasdaq 100 indices. With earnings from the biggest names…
Monday.com stock has crashed this year, mirroring the performance of other software companies. It has dropped by 51% this year and 44% in the last six months. This retreat continued today, July 22, when it announced that it would lay off 20% of its employees as it embraced AI in…
The Japanese yen remained under intense pressure today, July 23, as traders rushed to the US dollar amid the rising tensions in the Middle East. The USD/JPY pair was trading at 163.07, a few pips below this week’s high of 163.2. Japanese yen crash is continuingThe Japanese yen has continued falling…
Crude oil prices surged on July 23, climbing to their highest level since June 8 as the Middle East crisis intensified, prompting analysts to warn that the rally may be far from over. Brent crude, the global benchmark, rose to $96.16, up 37% from its June low. Meanwhile, West Texas Intermediate…
The Nikkei 225 Index rose modestly as traders bought the recent dip and as the Japanese yen continued declining against the US dollar. It was trading at 66,550, up by 6.30% from its lowest point this month.Japanese yen and government bonds slipThe Nikkei 225 Index rose a bit as investors…