The Kellogg Company is entering into a strong time of year. Over the last 14 years, the company has risen a total of 11 times. The largest gain was in 2014 with 3.83%. The largest loss was -1.30% in 2008. The average gain was +0.99% over the 14 years. Is the Kellogg company dues for
Betterment, a major financial advisory company providing robo-advising and cash management services, has not yet decided whether it will introduce cryptocurrencies to its platform. Betterment is still researching a potential expansion of its services to inclue digital assets like Bitcoin (BTC), CEO Sarah Levy said. “We’re believers that if we can provide the right kind
Trading continues to be relatively subdued in the forex markets. US Treasury Janet Yellen’s comments prompted selloff in stocks overnight. But reactions in currencies were just mild, with most pairs and crosses range bound. Strong job data from New Zealand is giving the Kiwi a lift, while Aussie is supported by strong construction data. Yen
Latest data released by Markit – 5 May 2021 Prior 48.6 Composite PMI 51.2 vs 53.0 expected Prior 51.9 While the rest of the region saw more upbeat performances in April, Italian business activity struggled as the services sector contracted further – missing on estimates. New orders and exports showed declines to start Q2, with
NEW DELHI: Gold prices were almost flat on Wednesday, as concerns over possibility of a higher US interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. The gain in US treasury yields over the comments of rate hikes from Treasury secretary Jennet Yellen pressured gold
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on pace to return to pre-pandemic
In this article LYFT Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing
GBP/USD holds onto latest recovery as bulls attack 50-SMA, upper line of the one-week-old symmetrical triangle. Momentum indicator suggests no movement but sustained trading beyond 200-SMA, the key Fibonacci retracement levels favor bulls. GBP/USD picks up bids around 1.3895, up 0.05% on a day, during Wednesday’s Asian session. In doing so, the cable keeps recent
Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures funding
Dollar and Yen rebound notably today as consolidative trading continues, with help from mixed sentiments. European indices are mixed while US futures point to lower open. Major global trading yields are trading lower, with US 10-year yield below 1.6 handle. New Zealand Dollar is leading Australian Dollar lower, followed by Sterling. Technically, we’d maintain the
Positive day for crude It has been a great day for risk trades but oil has managed its third-best close of the year — finishing narrowly below the March highs. It settled up $1.20 to $65.69, which was just off the session high of $65.84. There was a 30-cent pop in the final minutes of
Prices of rubber, an industrial commodity, jumped on Tuesday to the highest level in nearly a month amid supply shortage, adding to a rebound that began last week as firm demand along with positive cues in the international market boosted sentiments of market participants. rubber futures due for delivery on May 31 traded 1.52 per
This is a breaking news story. Check back for updates. Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions in government stimulus spending. “It may be that interest rates will have to rise
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health reported a strong first quarter and raised its full-year forecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions. Shares of the company were up 3% early Tuesday in premarket trading.
Canada posted a surprise trade deficit in March. USD/CAD pair posts strong daily gains above 1.2300 after the data. Canada registered a merchandise trade deficit of C$1.1 billion with the world in March, the monthly data published by Statistics Canada revealed on Tuesday. This reading worse than analysts’ estimate for a surplus of C$0.7 billion. “In March,
The RBA left all monetary policy measures unchanged in May and reiterated that a rate hike would “unlikely to be until 2024 at the earliest”. However, the central bank upgraded economic projections and signaled that some amendments would be made on yield curve control (YCC) and QE in July. Economic Assessments The RBA acknowledged the
UK stocks gain in catch-up play after the long weekend Eurostoxx +0.1% Germany DAX flat France CAC 40 +0.1% UK FTSE +0.8% Spain IBEX +0.1% The overall risk mood is more tepid in general with US futures also keeping little changed. S&P 500 futures are down 0.1%, Nasdaq futures down 0.1%, Dow futures flat. In
NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The