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Dollar Gains After Chinese Data On Safety Flows

On Monday, the safe-haven US dollar recorded gains, after a new batch of economic data from China turned out to be disappointing. This bolstered worries of a global recession, while the surprise reduction in lending rates by the People’s Bank of China (PBoC) saw the Chinese yuan weaken. Chinese data The retail sales, industrial output … Read more

Ruble Declines Against The Dollar As Depository Receipts Conversion Starts

On Monday, the Russian ruble recorded declines against the US dollar and slid past 61. This was after Russian companies began converting depository receipts to local shares. It was also because foreign investors from countries that have been designated as ‘friendly’ were able to make a return to the bond markets. Decline in ruble There … Read more

Dollar Rises As Fed Officials Say More Rate Hikes Required

On Thursday, the US dollar index climbed to a high of one month, as officials of the Federal Reserve talked about the need for more interest rate hikes. Meanwhile, investors were also reevaluating the minutes of the July meeting of the US central bank released on Wednesday as being more hawkish than assumed previously. Borrowing … Read more

Home Depot Shares Jump as Home-Improvement Retailer Posts Strong Earnings

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Home Depot has just shared Q2 2022 earnings that were stronger than the expectations of the analysts. After sharing the earnings results, the share prices for the home-improvement retailer have experienced a significant push.  Home Depot Shares Jumped 5.36%  In the recent stock market trading session, share prices for Home Depot have jumped 5.36%. The … Read more

Share Prices For Marqeta Dipped As Jason Gardner Stepped Down As Company’s CEO

The share prices for Marqeta have moved downwards after an announcement about the CEO of the company. The officials at Marqeta have confirmed that Jason Gardner will no longer be the chief executive officer at the payment processing company. Marqeta Shares Dipped 24% It was recently announced that Jason Gardner, the co-founder of Marqeta who … Read more

Robinhood Announces It Will Lay Off 23% Of Its Workforce

Vlad Tenev, the CEO at Robinhood has made an announcement in regards to laying off its employees. Robinhood to Lay Off 23% of its Workforce It seems that while the cryptocurrency industry has experienced a slight uptrend, Robinhood still finding it difficult to make it over the hot waters. The company has been trying to … Read more