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Monthly Archives: May 2022
3 Sports Wear Companies Traders Care About Right Now
Written on May 13, 2022 at 2:23 am, by jamie
Supply chain disruptions and lockdowns in China are generating problems for major sporting brands. Under Armour (UA) fell 25% on Friday after reporting a $60 million loss in its latest quarter, owing to supply chain bottlenecks and ongoing shutdowns in China. The Chinese government implemented a lockdown in Shanghai, China’s financial capital, in late March. […]
Apple stocks fall after the firm warns of an $8 billion damage from supply limitations.
Written on May 13, 2022 at 2:18 am, by jamie
Mac’s revenue increased by about 9% year on year in the March quarter, the corporation reported on Thursday. This demonstrated a steady growth and alleviated financial backer concerns about a deteriorating macroeconomic environment impacting enthusiasm for top-of-the-line cell phones and PCs. However, Apple shares plummeted over 4% in extended trading as Apple CFO Luca Maestri […]
Bank of England increases UK interest rates and warns of 10% inflation
Written on May 13, 2022 at 2:17 am, by jamie
The Bank of England (BoE) has boosted UK interest rates to 1%, the highest level in 13 years, as it fights to keep inflation under control. Despite troubling indicators that the British economy is faltering, the Monetary Policy Committee (MPC) voted 6-3 to raise the baseline borrowing cost for the fourth time in a row. […]
Stocks fall as the dollar holds its strength
Written on May 12, 2022 at 7:49 am, by jamie
Overnight Headlines *Dollar hovering near 20-year highs, looking to break out after hot inflation *BoJ official rules out policy tweak to counter weak yen *ECB members increasingly see rate exceeding zero this year *Equities drop as stubborn inflation stokes worries on rates, economy USD was mixed but remains above 104 on the DXY. The greenback […]
Markets steady as focus turns to possible peak US CPI
Written on May 11, 2022 at 8:45 am, by jamie
Overnight Headlines *Dollar down but near two-decade highs ahead of US inflation data *Asian shares inch up from near two-year lows, Wall Street recovers *WTI crude bounces back from below $100 on economic worries, strong dollar *China inflation exceeds forecasts as lockdowns roil supplies USD extended its bullish run and closed higher against most of […]
Markets steady as focus turns to possible peak US CPI
Written on May 11, 2022 at 8:40 am, by jamie
Overnight Headlines *Dollar down but near two-decade highs ahead of US inflation data *Asian shares inch up from near two-year lows, Wall Street recovers *WTI crude bounces back from below $100 on economic worries, strong dollar *China inflation exceeds forecasts as lockdowns roil supplies USD extended its bullish run and closed higher against most of […]